10.5% Rental Return - 2 bed Apartments
£34,793* (116,210R$)
Ref: PBJP370
General Summary
- 7% Rental Per Year for 18 months (total 10.5% return)
- Apartments from 116,210 BRL to 136,650 BRL
- Penthouses 278,270 BRL
- 20 Apartments & 3 Penthouses
- Project delivery due for completion July 2010
- View of Sea from All Apartments
- 3.5 Hours Drive to Natal International Airports
- 80 Mins Drive to Recife International Airport
- 35 Mins Drive to Joao Pessoa Airport (going international)
- 5 Mins to Local (Rustic) Beach Restaurants
- Joao Pessoa City Centre approx 45 Mins drive
- Cable TV
- Communal Swimming Pool
- Communal Party Room
- Parking for all apartments
- Barbecue Area
- Communal Area maintained for you
- On site Security Guard
- Apartment Size 82.4sqm & Penthouses 111.78sqm
- 2 Bedrooms (Apts and Penthouses)
- Living Room
- Kitchen
- Private Plunge Pool (Penthouses Only)
Property and Area Overview
OFF PLAN INVESTMENT, 7% RENTAL PA RENTAL FOR 18 MONTHS (TOTAL 10.5% RENTAL) - Total of 20 Apartments and 3 Penthouses in a Tranquil area of Joao Pessoa. The block is located in an up and coming area where the beaches are absolutely fantastic. All apartments are facing the sea.
An opportunity to invest at an early stage of this project, which will deliver to you an excellently positioned Beach apartments on the south coast of Paraiba. There are a total of 20 Apartments of 82.4sqm and 3 Penthouses of 111.78sqm. All Apartments are facing the sea.
All apartments have a good sized balcony and the penthouses have an additional area with private plunge pool.
The apartment block also has a Communal Swimming Pool, Barbecue Area and sitting well planned designed garden areas.
The development is located 100 metres from the beach with elevated views as situated on a cliff. Access to the beach is slightly further down the coastline (approx 5 mins walk). The coastline is the most stunning in the area and offers white sandy beaches, rivers entering the ocean, and an unforgetable environment.
Location
The beaches and general landscape available in this region can only be described as stunning.
Simple beach restaurants are within easy walking distance, and main dishes served daily are fruits of the ocean, which include lobster, shrimp, crab, and various types of sea fish.
Whilst this are is fairly undeveloped, land over the last few years land has been selling at incredible rates and prices rising at a fast rate. (approx 20 to 30% per year). The location of these apartments has seen huge interest over the past few years, and it is expected to develop even further in the very near future.
45 minutes drive to
Specification
The Villas are sold without furniture. If you opt to receive the rental return of a total of 10.5%, then you will also need to purchase the furniture package below.
Furniture List (13,000 BRL approx £3,900)
Associated Purchase Costs
In addition to the listed price for the investment, the following costs will apply to your purchase:
- Stamp Duty Tax (or Registration tax) is around 3% of the purchase price (payable to the notary)
- Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
- UK / Brazilian Lawyer (optional but recommended) £900
- Admin / Processing (includes all processing costs) NO Admin Fee
* All properties are sold in Brazilian Reais (BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rate used on this site is £1 = 3.34R$. To check the latest rate 'spot rate' click here. Prices do not include the usual purchase costs associated with a property purchase ie. Government purchase tax, legal, admin and furniture.