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House and Restaurant at best location

Commercial Property, Villa / House in Cumbuco (25km from Fortaleza), Fortaleza, Ceara

£107,273 / $165,730 / €131,111 / R$295,000


Ref: PBCE743
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The Property Offers: 

  • 4 big rooms, three of them  with own bathroom
  • Huge, 2'000 m2 land with spacious garden rage
  • Basic furniture
  • Excellent to open own restaurant and maybe built later a small hotel in the back.

Property Overview - House and restaurant at best location (PBCE743)

 

Very attractive property for starting your own business. Some renovation of approx. R$ 50'000 necessary, perfect location for opening a restaurant in the front, living in the 4 bedroom house and in a later stage, maybe using the land in the back for building a small hotel/pousada. Many developments are being completely nearby and it would be the only restaurant in walking distance for approx. potential clients. Excellent location, high visibility !!

 


Property Location & Area

  • Cumbuco is only 25km (30min by car) from Fortaleza and its international airport Pinto Martins
  • In Cumbuco, land is very, very limited: Only 4 blocks between the ocean and the environmentally protected sand dunes in the back. The demand for land and houses is many times higher than the actual supply, and prices are continuously increasing.
  • Cumbuco turns from a small fisher village to a very attractive tourist destination: a) Large investment started, such as the Vila Galé Golf and Hotel Resort, 2km outside the village. See:  http://www.vilagale.pt/pages/hoteis/?hotel=26 b) It is the number 1 spot on the planet for kite-surfing, besides Golf the fastest growing sport.
  • Approx 50% of property owner in Cumbuco are already foreigners. It is foreseen that Cumbuco becomes one of the highest valued beaches at the coast of Brazil, comparable with Buzios near Rio de Janeiro.


Property Deposits & Payments Terms

The payment plan is:

  • 10% downpayment
  • 90% final payment (within 30 days)

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 2.5% of the purchase price (payable to the notary) 
  • Property Transfer Tax (ITBI) of 2% (payable at the City Hall).
  • Brazilian Lawyer (optional): approx R$ 3'000 to go through the whole deal.
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* 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.