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5 Star Investment Opportunity in a wonderful Beachside Development

Apartment in Carapibus, Joao Pessoa, Paraiba

Additional Documents

Price List/Availability

Payment Structure.pdf

£24,950

5% Rental Guarantee for two Years - OFF PLAN Front line BEACH Development

Ref: PBJP805

 

12 Units sold in A FEW WEEKS - See below



General Summary

  • 5% RENTAL PER ANNUM (10% TOTAL)
  • Easy Payment Schedule over 18 months.
  • Beach front Development - Front Line
  • Located on Carapibus beach - famous in Paraiba.
  • 3 Hours Drive to Natal International Airport
  • 1.5 Hours Drive to Recife International Airport
  • 25 Mins Drive to Joao Pessoa Airport (going international)
  • Local Amenities Close to Hand
  • Joao Pessoa City Centre approx 35 Mins drive (20 km)
  • FULL DUE DILIGENCE REPORT AVAILABLE
  • 18 Months to Completion (from the start)

The Development / Communal Building Offers:

  • Communal (Infinity) Swimming Pool
  • 31 Apartments in Total
  • Mixture of Studios (33 sm), one (36 sm) and two bed (66 sm) apartments
  • Communal Reception Area
  • Barbecue and Kitchen area
  • Elevators to all Floors
  • On Site 24 hour security
  • Laundry and Maid Service
  • Barbecue Area
  • Communal Area maintained for you
  • On-Site Administration and Maintenance
  • Rental and Furniture packs available


The Property Offers: 

  • Studio, one or two beds Bedrooms
  • Fully Air Conditioned
  • Private Balconies enjoying gentle sea breeze ventilation.



Property Overview

BEACH FRONTED & 2 YEAR RENTAL GUARANTEE.  A selection of Studio, One and Two bed apartments at very affordable prices located front line beach on the famous Carapibus beach.  With views of the sea and beach from apartments this is a tranquil and beautiful location. 

 

These properties are being sold off plan and recently released.  The position is beach fronted so no building can commence in front of the development.  All properties have a view of the sea.  There are Studios, One and Two Bedroom Apartments.  A communal Swimming pool is located at the front of the building.

 

Unusually, the price is fixed in sterling for this investment, so UK buyers are not exposed on the exchange rate movement over the payment period.  This is very rarely seen in a Brazilian development.

 

 

Property Location & Area

 

Located in a front line position on the famous and beautiful Carapibus beach with each aprtment enjoying stunning sea views.Just 30 minutes drive South of Joao Pessa, Carapibus is one of the most famous beached at Paraibas's South Coast, and also the place where you can find the largest number of hotels. It is known for its reefs, which have been generated over the years and now have bcome home to many species of marine wildlife. One of the most famous visitors is the green turtle. You can enjoy here the warm waters and take the opportunity to swim side by side with colourful fishes in the natural pools.

 

A beautiful beach that offers plenty for everyone, a relaxing area with local amenities close to hand.

 

Jacuma and Caripibus are literally right next to each other and they are 25 minutes from Joao Pessoa airport, 1hr 30 mins from Recife and 3 hrs from Natal


Build / Property Specification


As is often common in Brazil, the property is being sold without basic furniture so it will be necessary to fit  items such as Kitchen Units, Light fittings, Shower Screens etc.  

The Developer  can assist in providing  optional furniture packs at competitive rates.  Quotations can be supplied on an indiividual basis as this will depend on the quality of furniture required and the actual size of the property to be furnishished.



Property Deposits & Payments Terms

A deposit of £500 would be required to secure the property and start to draft the contracts.  The payment produre is as follows:-
The payment plan is:

  • Reservation Fee:  - 500 GBP (Sterling)
  • Lawyer Instructed
  • Contract issued (WIthin 14 days)
  • Contract Signature (to be returned within 30 days
  • 1st Payment made at 40%
  • 2nd Payment - 1st floor 20%
  • Roof Payment - 20%
  • Completion Payment / Quality Control 20%
  • Move IN


Example of a property payment schedule based on a £25,000 property

 

 

Property Price

Stage Payments

Amount Due

Payment Date

 

£25k

Reservation Fee

 

£500.00

 

 

40% at Contract

 

£10,000

30 days after reservation fee

 

 

20% at 1st Floor

 

£5,000

April 2009

 

20% at Roof

 

£5,000

October 2009

 

20% at Completion

 

£4,500

(less reservation £500)

April 2010

 

 

Latest Availability as of 1st December - Selling fast!

 

Style Floor Apt nº Sqm R$ Prices £ Prices Option
Studio Ground Floor 001 33 R$ 99.950,00 £ 24.950,00 Reserved
Studio Ground Floor 002 33 R$ 99.950,00 £ 24.950,00 Reserved
2 Bedroom Ground Floor 003 62 R$ 134.850,00 £ 44.950,00 Reserved
Studio Ground Floor 004 33 R$ 99.950,00 £ 27.950,00 Available
2 Bedroom Ground Floor 005 62 R$ 184.950,00 £ 49.950,00 Available
Studio Ground Floor 006 33 R$ 99.950,00 £ 27.950,00 Available
2 Bedroom Ground Floor 007 62 R$ 184.950,00 £ 51.950,00 Reserved
Studio 1st Floor 101 33 R$ 104.950,00 £ 29.950,00 Available
Studio 1st Floor 102 33 R$ 104.950,00 £ 29.950,00 Available
2 Bedroom 1st Floor 103 70 R$ 209.950,00 £ 64.950,00 Available
Studio 1st Floor 104 33 R$ 104.950,00 £ 31.950,00 Available
2 Bedroom 1st Floor 105 66 R$ 199.950,00 £ 64.950,00 Reserved
Studio 1st Floor 106 33 R$ 104.950,00 £ 31.950,00 Available
2 Bedroom 1st Floor 107 66 R$ 199.950,00 £ 65.950,00 Available
1 Bedroom 1st Floor 108 36 R$ 114.950,00 £ 37.950,00 Available
Studio 2nd Floor 201 33 R$ 109.950,00 £ 32.950,00 Available
Studio 2nd Floor 202 33 R$ 109.950,00 £ 32.950,00 Available
2 Bedroom 2nd Floor 203 70 R$ 219.950,00 £ 66.950,00 Reserved
Studio 2nd Floor 204 33 R$ 109.950,00 £ 33.950,00 Available
2 Bedroom 2nd Floor 205 66 R$ 219.850,00 £ 66.950,00 Available
Studio 2nd Floor 206 33 R$ 109.950,00 £ 33.950,00 Available
2 Bedroom 2nd Floor 207 66 R$ 219.950,00 £ 67.950,00 Reserved
1 Bedroom 2nd Floor 208 36 R$ 119.950,00 £ 38.950,00 Reserved
Studio 3rd Floor 301 33 R$ 114.950,00 £ 34.950,00 Available
Studio 3rd Floor 302 33 R$ 114.950,00 £ 34.950,00 Reserved
2 Bedroom 3rd Floor 303 70 R$ 229.950,00 £ 68.950,00 Available
Studio 3rd Floor 304 33 R$ 114.950,00 £ 35.950,00 Reserved
2 Bedroom 3rd Floor 305 66 R$ 229.950,00 £ 68.950,00 Available
Studio 3rd Floor 306 33 R$ 114.950,00 £ 35.950,00 Available
2 Bedroom 3rd Floor 307 66 R$ 229.950,00 £ 69.950,00 Reserved
1 Bedroom 3rd Floor 308 36 R$ 107.850,00 £ 39.950,00 Reserved

 

 

 

Associated Purchase Costs

In addition to the listed price for the investment, the following costs will apply to your purchase:

  • Stamp Duty Purchase 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) £800+ Vat
  • Admin / Processing (includes all processing costs) NO CHARGE


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
  • The condominium Fee is estimated at £10 per square meter (i.e. will vary per specific apartment bought)


  All above rates are approximates / estimates.

When buying a property it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges (if applicable), your home / investment is at risk if you do not keep up these payments. 


Rental / Yield Potential

The proerties enjoy a two year 5% rental guarantee for the first two years. (total 10%)

The adjacent hotels are enjoying high occupance levels and the tourist vists to the cities are increasing year on year.

* 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 = 3.54R$. 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.