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Beach front development aproaching key handover

Apartment in Porto Mirim Beach, Natal, Rio Grande do Norte

£72,364 / $111,798 / €88,444 / R$199,000

1 Bedroom
1 Bathroom

Ref: PBRN506



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

The Development / Communal Building Offers:

  • 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

The Property Offers: 

  • 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 35 km north from Natal, Porto Mirim is an idyllic and yet unexplored beach. Its crystalline and calm waters (due to its reefs) provide a relaxing and pleasant bathing area.. It’s also a region of sand dunes, coconut trees, small lakes, rivers, and streams that lead to the ocean. One of the main attractions is the hang-glider fly where you enjoy a beautiful landscape view like nowhere else. The jacuma lake with its crystalline waters and surrounded by white sand dunes is only a few minutes north from development. Trips in "Aerobunda” where you slide over the dunes hanging a cable or even skibunda (a type of sleigh) over the dunes, both ending on the water is a funy adventure . Several bars, restaurants, Posadas, parties as the traditional carnival, and trip tours makes this place unique and unforgettable.

 

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)


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) £850

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
    • Electric (per month) = R$ 55,00
    • Condo Fee (per year) = approx 1%of  property price


    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.