4 bedroom beachfront apartment downtown Cumbuco
£250,000 / $416,667 / €283,019 / R$750,000
Ref: PBCE731
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- Cable TV
- Communal Swimming Pool
- Communal Party Room
- Fitness Center
- Outdoor Parking
- Barbecue Area
- Communal Area maintained for you
- 175sqm beachfront apartment
- 4 Bedrooms
- Huge Living Room
- Open kitchen
- Completely Furnished, top furniture and air
conditioners.
Property Overview - 4 bedroom beachfront apartment downtown Cumbuco (PBCE731)
Located a couple hundred meters from Cumbuco center, right at beachfront, in front of the pool area is this luxury apartment of 175m2 for sale. The apartment is ideal for a larger family and contains 4 bedrooms, 3 bathrooms, storage room, laundry room (with washer and dryer), and study. The kitchen, dining and living area is an open area with a gorgeous view of the ocean. The kitchen contains all appliances including water filter system, microwave, and dishwasher. The veranda is spacious with two separate sitting areas. All bedrooms face the ocean. This apartment is next to a kitesurf school and forms part of a cozy condominium with only a total of 15 apartments. The condominium common areas include jacuzzi, swimming pool, locker area for kitesurf equipment, parking and gardens. The apartment is to be sold fully furnished.
Property Location & Area
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Cumbuco is only 25km (30min by car) from Fortaleza and its international airport Pinto Martins
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In Cumbuco, land is very, very limited: Only 4 blocks between the ocean and the environmentally protected sand dunes in the back. The demand for land and houses is many times higher than the actual supply, and prices are continuously increasing.
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Cumbuco turns from a small fisher village to a very attractive tourist destination: a) Large investment started, such as the Vila Galé Golf and Hotel Resort, 2km outside the village. See: http://www.vilagale.pt/pages/hoteis/?hotel=26 b) It is the number 1 spot on the planet for kite-surfing, besides Golf the fastest growing sport.
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Approx 50% of property owner in Cumbuco are already foreigners. It is foreseen that Cumbuco becomes one of the highest valued beaches at the coast of Brazil, comparable with Buzios near Rio de Janeiro.
The payment plan is:
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10% downpayment
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90% final payment (within 30 days)
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 2.5% of the purchase price (payable to the notary)
- Property Transfer Tax (ITBI) of 2% (payable at the City Hall).
- Brazilian Lawyer (optional): approx R$ 3'000 to go through the whole dea
Property Running
Costs
Monthly Utility and other costs directly associated
with this property are set out below: (all are estimated and
approximated)
- Council Tax (per year) approx 1% of property price
- Electric (per month) = approx. BRL 60.00
Rental / Yield
Potential
Ask about rental projections, each area is different
and we can talk to you about the local tourist demand. There is a mix of
rental opportunity from long term contracts to short term holiday
lets.
In many areas, hotels are largely booked and the tourist
vists to the cities are increasing year on year.
We deal with local
contacts who know the markets well and can help you manage your properties
generally.
* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are €1 = R$2.65, £1 = R$3.00, $1 = R$1.80. 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.