Development situated in upcomming area of Natal.
Ref: PBRN522
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General Summary
- 10 Mins Walk to beach
- 20 mins Drive to International Airport
- 5 mins Drive to new International Airport
- Excellent growth area with a high capital appreciation anticipated
- Natal City Centre only 5 Mins drive
The Development /
Communal Building Offers:
- Excellent Location
- 35.555sqm of exclusive condominium
- 7 buildings beach front location
- 2 Swimming Pools (Adult and Children)
- Sports Square
- Kids Club
- Barbecue Area
- Party Salon
- Fitness Center
- Completion for the fist tower April/2011
- Security 24/7
- Great pre-launch prices
- Property Size 75sqm - 79sqm
- 3 Bedroom 1 en suite
- 2 Bathroom
- Living Room
- Dining Room
- Kitchen
- Service Area
- Amazing views to the beach and to the famous Potengi River
Property
Overview -
Crossing the new bridge in Natal, only a
few minutes from the city center, next to Supermarkets, shopping mall, and
neighbouring the amazing north coast beaches and the famous Potengi
river. This development is ideal for those who search for quality of life
allied with excellent anticipated capital appreciation. This development will be located only few
minutes drive from the new international airport which is due to complete
in 2011 and is expected to be the eighth largest international airport in
the world when completed. Thus, increasing considerably the tourist flow and
consequently raising the properties prices.
Property Location & Area
Great development located in the most promising
area of Natal for capital appreciation. Just across the new
bridge, and surrounded by the famous Potengi lake with an amazing beach view, in a central
location 5 minutes drive to central city, the condominium comprises a total área
of 35.955sqm shared in 7 buildings and a great leisure area that will offer: two
swimming pools (child and adult), sports square, playground, barbecue
área, party salon, Fitness Center and security 24/7. There are 2 apartment types
79,48sqm and 75,75sqm: 3 bedroom, 1 en suite, terrace
with an amazing 180° beach and lake view, Living and dining
room, Service área, Kitchen, Parking space. Great
oportunity for visionary investors. This development is totally
focused on the local market and consequentely has local market prices.
Property Deposits & Payments
Terms
Payment Structure
£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)
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
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 (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.