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Beachfront Hotel in Cumbuco

Commercial Property, Hotel in Cumbuco (25km from Fortaleza), Fortaleza, Ceara

£1,200,000 / $1,853,933 / €1,466,667 / R$3,300,000


Ref: PBCE739
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The Development / Communal Building Offers:

  • 13 bungalows and a total of 18 rooms.
  • Huge Swimming Pool
  • Communal Party Room
  • Completely Furnished.
  • Very attractive asking price, as current beachfront land prices in Cumbuco are between R$ 600 and R$800, so you basically only pay for the price for the land only.


Property Overview - Beachfront Hotel in Cumbuco (PBCE739)

This running hotel is located at the beautiful beach of Cumbuco and has 13 bungalows with a total of 18 rooms. The land is huge (5'000 sqm) and has 84 meter beachfront, and there is also a kite-surfing school and a restaurant for over 200 guests. The bungalows need some renovation, but the Brazilian owner does not want to put the money into the property and prefers to sell for a lower price. Consequently, for a relatively small additional investment of approx R$ 300’000 (£ 95’000) the value of the property could be significantly increased.


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. The demand for land and houses is many times higher than the actual supply, and prices are continuously increasing.
  • 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.


Business background

  • The hotels in the Cumbuco area are in high season, between July and January, always booked out and there is only one Hotel (www.durobeach.com), a 3 star hotel which can live up to European standards. Lack and big demand for comfortable accommodation exists in Cumbuco.
  •   With small effort, the Hotel has the potential to become the first 4-5 star boutique hotel.


    Property Deposits & Payments Terms

    The payment plan is:

    • 10% downpayment
    • 90% final payment (within 30 days)

    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 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 go through the whole deal.

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    * 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.