Front to sea property for Hotel/Resort development
£5,454,545 / $8,426,966 / €6,666,667 / R$15,000,000
Ref: RIO-AC2001
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General
Summary
- By sea front
- 2 hours Drive to Rio De Janeiro International Airport
- 2 hours Drive from Rio Olympics site
- 1 km from Local Beach Restaurants
- 1km from Nearest Town Centre approx 10 Mins drive
The Development / Communal Building Offers:
- Hotel
- Condominium
- Golf course
- Property Size 4,000,000 sqm
Property / Investment in Rio Overview -
An historic farm with buildings protected by the national history department wich can be used as the mais focus of attraction for a prospective developer and used as a turist attraction.
Property Location & Area within Rio De Janeiro
It is in Paraty an Historic city that receives turists 365 days of the year and an area with lacking for a top hotel or resort the city has events throughout the year and has the potencial and the need for a top resort
Build /
Property Specification
Please ask any questions you
may have and we will forward them to the owner / broker directly in Rio.
We are located on the ground in Rio De Janeiro, so can have a face to face
meeting with relevant parties and owners if required.
Property Deposits & Payments Terms
A
deposit would be required to secure the property, this is usually a standard
from 10% to 20% in Rio De Janeiro of the property price. We would advise
that a lawyer is introduced to the transaction at an early stage as its
important to know the documents are all in order before paying the
deposit. We can recommend various neutral Brazilian Lawyers in Rio (and in
UK or USA if required).
The final payment will be required within 30 days maximum of the deposit payment. Should you wish to extend the payments slightly, then it may be possible to negotiate with the seller / owner a stage payment plan.
In addition to the listed price for the investment, the following costs will apply to your purchase:
- Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
- UK / Brazilian Lawyer (optional but recommended) - good lawyer around 1% of property price.
- Admin / Processing (includes all processing costs) £400 (see below)
- Deed and registering the deed costs is about R$ 2000
- In some cases there are can be additional tax on purchases, this will be advised by our local Broker.
Admin / Processing: We charge a fee when you decide to proceed with a property. Before you progress with the purchase or pay a deposit, it is important to see the contract and have it translated in English. The 'Admin / Processing' fee is to pay for translation services, contract raising and other legal document collecting which may be required. A lawyer can then be introduced and the 10 or 20% deposit paid accordingly. If you would rather just pay the deposit and await for the lawyers to check the title, then this fee can be waived / not charged.
Rio Property
Running Costs
Below is a list of Approximate utility costs.
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Council Tax / IPTU Tax (per year)
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Water
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Electric
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Condo Fee (if in condo)
Rental / Yield Potential in Rio de Janeiro
We can introduce you to a reliable company in Rio de Janeiro to manage your property (if you so require). We can also help with estimates of rental projections. The 2016 Olympics in Rio, increasing tourism and Oil discoveries will ensure the economy in Rio for renting / letting remains strong.
* 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.