Huge 5600 sqm Beachfront Land in Cumbuco for sale
Development Land in Cumbuco (25km from Fortaleza), Fortaleza, Ceara
£1,272,727 / $1,966,292 / €1,555,556 / R$3,500,000
Ref: PBCE730
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General
Summary
- Directly beachfront (84 meters)
- 30 mins Drive to International Airport
- 500 meters from the Local Beach Restaurants
Property Overview - Huge Beachfront Land in Cumbuco (PBCE730)
One of the last available beachfront plots at best location in Cumbuco, perfectly suited for an investment. With a total size over 5'600sqm, 84 meters beachfront and between 50 and 80 meters in the back, it would allow a 40+ apartment development. Due to excellent location, high rental return possible. Despite the perfect location, sales price is below R$ 700 per sqm.
Property Location & Area
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Cumbuco is only 25km (30min by car) from Fortaleza and its international airport Pinto Martins
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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.
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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.
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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.
The payment plan is:
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10% downpayment
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90% final payment (within 30 days)
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.
* 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.