HOTEL - 30 mins to Natal Airport

Property Overview - Hotel on the Beach South of Natal (PBRN/508)

This is an ideal opportunity to aquire a small business hotel right on the beach.  There are 12 units in total starting (10 x 2 bedroom and 2 x 3 bedroom). 


The property was completed over 12 months ago and has been standing since then, as held by investor.  It would be suggested that any potential buyer consider a small renovation to improve the exterior look of the building.  This could be completed at a reasonable costs and would make the building look more pictureque and attractive to European travellers. (although there is a boyant local Brazilian market too).



Property Location & Area

30 mins away from airport and 35 mins away from Natal City Centre.  Situated on the south coast beach, each apartment has a view.

Property in the south coast is more expensive than the north coast as the area is more developed.

Build / Property Specification
 
The property is being sold without soft furnishing, we can work with the buyer on this to provide a luxurious feel to the hotel. 

We can assist in providing  optional furniture packs at competitive rates.  Quotations can be supplied on an indiividual basis as this will depend on the quality of furniture required and the actual size of the property to be furnishished.

The building was completed some 12 months ago.  Whilst the building has been maintained well, property by the beach usually needs extra attention and should be painted every year.

We would suggest this property would benefit from a low cost facelift which would give the building tremendous charm and an ideal location for those wishing to loose themselves on a tranquil holiday.

In the front of the hotel is some 'Marina Land' this could be rented from the marine at a small cost and made as part of the hotel with decking areas and beach front facilities.



Property Deposits & Payments Terms

The payment plan is negotiable.

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% of the purchase price (payable to the notary) 
• Property Transfer Tax (ITBI) of approx 3% (payable at the City Hall).
• UK / Brazilian Lawyer (optional but recommended) To obtain quote
• Admin / Processing (includes all processing costs) - No Admin fee, depends on extra work required.

For more information about the 'Admin Charge' see the below section 'Property Commisions'

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.