9-bedroom Pousada for sale center of Cumbuco - Fortaleza
Ref: PBCE737
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- Property Size is 1740sqm
- 9 Bedrooms with own bathroom each
- No swimming pool (cost esteimate R$ 30'000 for decent pool).
- Nice architecture.
- Well maintained garden area.
- Barbecue Area.
- IT IS ALSO POSSIBLE TO BUY THE HOUSE ONLY (820m2 plot) FOR ONLY EUR 135´000.
Property Overview - 9 bedroom Pousada in the center of Cumbuco (PB737)
This Pousada (small Brazilian Hotel) is located 50 meters from the village center and just 100 meter from the beach. It is located at the main street, which is one block from the beach and has a very high visibility. The Pousada is well maintained and has a good reputation and client base. Return on investment is very reasonably expected to be only 4 years. There is no swimming pool yet (approx. R$ 30'000 for a first class swimming pool), the plot size is 1740sqm and top location. IT IS ALSO POSSIBLE TO BUY THE HOUSE ONLY (820m2 plot) FOR ONLY EUR 135´000.
Property Location & Area
·
Cumbuco
is only 25km (30min by car) from Fortaleza and its international airport Pinto
Martins
·
In
Cumbuco, land is very, very limited: Only 4 blocks between the ocean and the
environmentally protected sand dunes in the back.
·
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.
·
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:
-
20% downpayment
-
80% final payment (normally 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 walk you through the whole deal.
Rental Yield Potential for Prpoerty in Fortaleza, Ceara
Ask about rental projections for this property in Fortaleza. Rental incomes in Fortaleza vary depending on the location of the property investment. Some rental returns on Fortaleza investments may be high whilst capital growth good, but capital growth could be better in another area where perhaps rental is not so prominent (ie buying an early investment'). There is a mix of rental opportunity from long term contracts to short term holiday lets.
In many areas within Fortaleza, hotels are largely booked and the tourist visits to the cities are increasing year on year.
We deal with local contacts in Fotraleza 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$2.25, £1 = R$2.75, $1 = R$1.78. 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.