Beach front development aproaching key handover
£72,364 / $111,798 / €88,444 / R$199,000
Ref: PBRN506
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General
Summary
- 1 Mins Walk to beach
- 45mins Drive to International Airport
- 25 mins from new international Airport
- Local Beach Restaurants in site
- Natal City Centre approx 30 Mins drive
- Cable TV
- Water Park with Cascade
- Wet Bar
- Wood Deck
- Kids Club
- 2 Gourmet Spacious
- Fitness Center
- Games Salon
- Party Salon
- Sports Square
- Internet Room
- Lounge
- Property Size 69sqm - 72sqm
- 2 Bedrooms
- Terrace with sea view
- 1 Living Room
- American-style Kitchen
Property
Overview -
Stunning beach front development in the idyllic beach of
Porto Mirim. Units of 69sqm and 72sqm, two bedroom 1-en suite, American-style
kitchen, dining/living room and a terrace with beach view. The penthouse has its
own roof terrace with hydro-massage bathtub and an amazing 180° sea view of
one of the most unexplored and beautiful beaches in Natal. The development will
be located just a few minutes from the new international airport which is due to
complete in 2011 and is quoted to be the eight largest airport in the
world. This will increase considerably the tourist flow in the region and
consequently raise the property prices. Excellent investment opportunity! Great
pre-launch prices!
Property Location & Area
Located
Build /
Property Specification
Porto
Mirim beach resort has completion date for December 2010. The development
comprises a total of fifteen buildings with 3 floors each, 84 apartments units.
More than 80% of these units have been sold due to this excellent price and
facilities. The condominium will offer a complete leisure structure with water
park, wet bar, cascade, wet deck, kids club, fitness center, gourmet spacious,
lounge, Games room, Internet Centre, Sports Square and a great location! Only
100m from the beach. All Units will have an amazing ocean view. The development
will be located just 30km from the new international airport which is due to
completion in 2011 and will be the eight largest airport in the world. This fact
will considerably raise the tourist flow on the region and consequently the
search for properties and the properties price. The construction has already
started and its a safe development that we indicate as one of the best
investment opportunities available on the market
nowadays.
Property Deposits & Payments
Terms
Private
Purchase Contract – 15%
70%
between the time of contract and the time of completion.
15%
- Completion (deed)
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) £850
For more information about the 'Admin Charge' see the below section 'Property
Commisions'
Property Running
Costs
- Council Tax (per year) approx 1% of property price
- Electric (per month) = R$ 55,00
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
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$2.25, £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.
