Apartment in Hotel Complex
£104,790* (350,000R$)
Ref: PBRN502
- 0 Mins Walk to beach (Beach front)
- 15 mins Drive to International Airport
- Local Beach Restaurants (some of the best in Natal)
- Natal City Centre approx 10 Mins drive
- Cable TV
- Communal Swimming Pool & Wet Bar
- Communal Party Room
- Fitness Center & Sauna
- Business Centre / Internet 24 hours
- 1 Parking (per apartment)
- Barbecue Area
- Communal Area maintained for you
- Room Service as part of hotel complex
- Amazing View of the Sea
- Property Size 78sqm
- 1 Bedrooms
- Living Room (large)
- Kitchen
- LARGE Roof Terrace with Barbecue Area
Property Overview - Apartment on Beach in Ponta Negra
Exceptional well positioned frontline to the beach 1 bedroom apartments. This property is actually on the beach in one of the most famous beaches of Natal. The apartment has a large terrace with an amazing view of the ocean. The proeprty also comes with room service as it is part of a hotel complex. The apartment has a management rental pool to generate rental income.
The property is 1 year old.
Property Location & Area
6 mins walk from Ponta Negra Beach. 15 Mins from Natal International Airport and only 10 mins from Natal City Centre.
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.
We 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
- Deposit to reserve the property is required of £1000.
- Payment is required in Full 4 weeks after completion
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) £800 + Vat
- Admin / Processing (includes all processing costs) £500
For more information about the 'Admin Charge' see the below section 'Property Commisions'
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
- Water (per month) = (included in Condo Fee)
- Electric (per month) = Depends on usage approx BRL 60
To Obtain the price in your own currency, divide the above figures by the rate(s) shown at the bottom of the page. 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 property has a 'pool' rental scheme and the condo company are responsible for your property. The return is around 280 BRL per day in the Low season and 350 BRL per day high season. The condominium pool will keep 30% of this income to pay for their management services. The above are based on the property being fully furnished.
If you choose not to add your property to the pool, our associates office in Natal will manage your property on your behalf. The cost is 20% for short term rental and for longer term (over one year, 50% for the first months payment and then 10% per month there after).
* 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.