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THIS PROPERTY HAS BEEN SOLD

Apartment in Areia Preta Beach, Natal, Rio Grande do Norte

£45,198* (160,000R$)


Ref: PBRN553

THIS PROPERTY HAS BEEN SOLD

General Summary

  • 2 Mins Walk to beach
  • 20 mins Drive to International Airport
  • Surounded by the best Local Beach Restaurants
  • Natal City Centre approx 3 Mins drive


The Development / Communal Building Offers:

  • Bilingual Reception (English - Portuguese )
  • Cable TV
  • Communal Swimming Pool with amazing sea View
  • Lounge
  • Sauna
  • Business Center
  • Restaurant
  • Bar
  • Room service 24 hours
  • Laundry
  • Communal Party Room
  • Fitness Center
  • Private Parking Space 
  • Communal Area maintained for you


The Property Offers: 

  • Property Size 45sqm
  • Fully Furnished
  • Air conditioning
  • Work Table
  • Safe
  • Telephone
  • Terrace with amazing sea view
  • 1 Bedroom
  • Living Room
  • American Kitchen
  • Internet
  • Cable TV



Property Overview -

 

This brand new building is located in the wealthiest area of Natal. A beach front flat with amazing ocean views and easy walk distance to the beach, restaurants, night clubs, handcraft fairs, elegant stores and just five minutes from Natal city centre.

45sqm, 1 bedroom apartment fully furnished. The building offer high class facilities and operates as a hotel - flat. The owner has the option to include the flat in a rental pool system, which provides guaranteed monthly rental returns.

 

 

 

 

Property Location & Area

 

Sunny all year round - one of the brightest capital cities in Brazil,  Natal, not by chance, is known as the "City of the Sun". It's also known as "City of the Dunes" where the Sun stands high in the sky for almost 10 hours a day and 300 days a year and attracts thousands of visitors who fly from south-eastern Brazil, and an ever-increasing number of tourists from Europe, South America and North America. According to NASA in 1994, it has the second purest air of the Americas (the first is the Antartica).
Natal, with 800,000 inhabitants (2007), is the capital of state of "Rio Grande do Norte" and is situated in the north-eastern region of Brazil: the Brazilian Caribe, a tropical paradise.

Natal's location makes it one of the closest Brazilian cities to Europe and North America with Its international airport, tourist facilities and services stand out in the region.

 


Build / Property Specification
 

The owner has option to include the apartment in the rental pool system which brings guarantee monthly rental returns. The apartment is already furnished according Hotel standard and ready to de rented. The NET monthly returns is R$ 850,00 deducted the condominium fee (R$ 400,00) and administrative  taxes.



Property Deposits & Payments Terms

£1000 Reservation Deposit
10% payment upon Contract Signing (less the Reservation Deposit)

90% upon completion / keys handover (time period negoatiable but usually 1-2 months after signing the contract)


Associated Purchase Costs

In addition to the listed price for the investment, the following costs will apply to your purchase:

  • Stamp Duty Purchase 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) NO CHARGE


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 on condominium fee
  • Electric (per month) =  included on conodimium fee
  • Condo Fee (per year) = BRL 4.800


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.

* 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 = 3.54R$. 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.