Hotel Resort 50 metres from Beach
£1,197,605* (4,000,000R$)
Ref: PB347
General Summary
- 2 Mins Walk to beach (50 Metres)
- 40 mins Drive to International Airport
- 2 minutes from Local Beach Restaurants
- Salvador City Centre approx 60 Mins drive
- 42 Individual Apartments (capacity 100 people)
Property Overview - Emerald Hotel Resort (PB347)
The land area totals 6.500 sqm. The land has coconut trees and is surrounded by a perimetre wall. The hotel has a nice restaurant with beautiful decoration. The hotel serves very delicious breakfast what is a reference for their guests. The hotel also has an auditorium for 80 people There are 43 apartments which hosts 100 people. The swimming pool is divided in two areas kids part and adult part that is surrounded by a beautiful lawn with cocconut trees There are chairs for sunbathing, a hut, a shower, and a swimming pool bar that serves delicious apetizers while the guest enjoy their sunbathing. The hotel is located by the lake in which a wooden pier can be built in order to offer more entertainment for the guest once it is permitted to fish in the lake. This beautiful hotel resort is located only 50 meters way from the beach. It is located inside a condominium with total security on the way there is a beautiful square that offers more option for leisure.
This property is situated 30 minutes drive from Salvador International Airport. (Guarajuba is just north of Salvador). This development is located by the lake and 50 meters from the beach. Praia do Forte is 10 minutes drive where you can find exciting nightlife and gourmet restaurants. Sauípe is 15 Minutes drive where there are many international hotel chains.
Guarajuba is just north of Salvador and is an established and affluent area, with luxury condominiums and excellent beaches. It lies between lakes and the ocean in an environmentally protected area. The Eco Resorts of Praia do Forte (Turtle Reserve) and Costa do Sauipe (Golf Course) are also with easy reach (about 10 minutes drive)
The water is warm, inviting and good for bathing. The beach is decorated by rocks and coconut palms. The beach of Ondina is a good place for fishery, camping and seashore walking. It has everything that is important to attract tourists and local visitors who usually go in groups to enjoy all the beauty and well-being its attractiveness can offer.
Close to the beach there is a wealth of coconut palm plantation and a side walk good for walks and bicycle rides. There are lot of restaurants, beach bars that offer delightful food to visitors. Many bars serve seafood and beverages.
Guarajuba offers small convenience shops and restaurants with the best local food. It is an ideal place for those who enjoy quietness and nature, but at the appropriate time do not want to give up the action an excitement that a city like Salvador can offer. A trip to the tourist attraction takes around 60 minutes by car.
The construction and the comfort of this place, do not meet the demands of a fastidious European client, but would certainly suit someone who understands and wants to make part of the local way of life and is prepared to accept the relation cost/quality of such a product.
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 5% 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) - to Quote
- Admin Charges - No Charge
For more information about the 'Admin Charge' see the below section 'Property Commisions'
Rental / Yield Potential
Salvador has hotel occupation rate of about 60% per year (average). In some seasons it goes up to 100 % specially during carnival and summer.
This hotel has R$ 1.000.000,00 return of investment per 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 = 3.34R$. 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.