
LUXURY CONDOMINIUM OF APARTMENTS AND VILLAS
Ref: PBCE704
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*Coming Soon - Taking Pre-Reservation Orders*
*Massively Reduced Price to Launch - Prices WILL Increase Soon*
* GUARANTEE
TOTAL RENTAL OF 12%*
General
Summary
- GUARANTEED 6% RENTAL PER YEAR (12% TOTAL over 2 YEARS)
- 5 Mins Drive to Beach (4km Away)
- 25 Mins Drive to Fortaleza International Airport
- 5 Mins Drive to Local Beach Restaurants (On Beach)
- 25 Mins Drive to Fortaleza City Centre
- Close to Many Great Beaches (SEE PHOTOS): Prainha, Marambaia, Presidio Iguape and Barro Preto. (all within 5 and 15 mins Drive)
- Close to many MAJOR New developments (see below) which will add greatly to the potential investment upside
- Work NOW STARTED on Dual Highway (SEE PHOTOS) to connect Aquiraz to International Airport
The Development / Communal Building Offers:
- Total of 220 Units mix of Apartments, Water Bungalows, Townhouses and Detached Villas (see PBCE700 for Villas)
- Underground Restaurant surrounded by salt water lake with view to tropical fish.
- Two huge Recreational Areas with swimming pools and private beaches with Oasis Island for sun bathing.
- Communal Semi-Olympic Swimming Pool
- Communal Party / Function Room
- Fitness Center
- General Parking (Apartments)
- Private Barbecue Area (Villas)
- Communal Barbecue Area
- Optional Private Pool and Decking Area (villas)
- Luxurious Club House with Spa / Sauna / Gym / Aromatheropy Room / Massage Room
- Swimming Pool Bar
- Football Pitch / Basket Ball & Tennis Ball Courts
- Children Leisure Area
- 24 Hours Security
- General Maintainance / Cleaning on all Communal Areas
- Cable TV / Broadband Internet
- Rental Management / Resale Help
The Property
Offers:
- Apartment Sizes from 37 sqm to 72 sqm
Property and Area Overview (APARTMENTS)
Apartments starting
at: R$ 65,246 (£20,076)
Recently launched this is an
opportunity to invest in a project from the start with excellent upside
potential. The prices displayed are below the normal preconstruction
prices offered to launch the development. ONCE THE FIRST REDUCED
PRICE PHASE IS SOLD OUT PRICES WILL INCREASE AUTOMATICALLY.
A
maximum of 220 residences in an area of 67,000 sq metres with one huge
recreational area of 13,000 sq metres, and another one smaller for the Apart
Hotel Units, this gated community offers a place that you and your family would
have the chance to live and experience luxurious resort style facilities at an
affordable price.
This also
offers the investor a chance to buy at bottom level prices in the fastest
growing region of Brazil. There will be very high rental demand for
these properties due to the 10,000 jobs that the massive golf resort (300
Million Sterling Investment) will create, which is just over 1km away
and is the biggest Resort in Latin America, as well as a new Marina Resort which
is a short distance the other direction. Facilities on both these
developments (ARE AVAILABLE TO THE PUBLIC) and include: an 18 hole championship
Golf Course, equestrian centre, ecological trekking and biking trails, medical
centre, banks, pharmacy, bars, restaurants, night club, a shopping mall of over
14 acres, a yacht club and marina, and all only 25 minutes away from the
airport..
Although
this development is not beach front, the condominium has two private beaches and
the development itself has a fantastic range of luxurious facilities as
well as being close to some fantastic beaches. The area of Aquiraz
is receiving much investment from the government as part of a 300
Million Reals Investment program to improve the immediate area and this is
inaddition to private investment for recreational property
developments
Recreational Facilities and infrastructure that
owners will have the pleasure to enjoy and which will be maintained by the
Condominium and rented out to our potential clients for extra income to the
investors. These include the following:
- The clubhouse will be to a very high specification and is divided into 3
buildings.
- Undreground Restaurant Surrounded by salt water lake with view to tropical
fish.
- The main building has a reception and administration area with a glass
floor allowing partial viewing to underground restaurant, conference/function
room, game room and upstairs will be a kitchen and huge indoor party area
leading onto a viewing gallery.
- The second building has the spa area which boasts a sauna, aromatherapy
room, plunge pool, large hot tub, relaxation area and indoor pool.
- The third building has a gym and barbecue/outside eating area leading to a
pool bar.
- A 25 meters semi-Olympic size with childrens play area and waterfall with
a wet sun lounge area.
- A second recreational area in the main Apartment location with
bridges to an Oasis Island for sun bathing.
- The condominium will have 2 full size tennis courts, a volleyball court
and a universal football/ basketball court.
- Childrens play area.
- The condominium has 24 hour security for your comfort and
safety.
- This development offers both primary residence due to its easy access to
Fortaleza, or secondary residence due to its location to beaches and other
entertainments.
- This development is being built in the fasted growing area causing a large demand for rental units.
Location
The government of Ceara is investing 300 million reals in 2008 / 09 into infrastructure to receive the new resorts. The work has already begun to construct a new dual highway which connects the new developments in Aquiraz to the international airport, and is scheduled to finish at the end of 2008.
Being only 25 minutes from both the airport and Fortaleza (with a
population of 3 million) and with many jobs being created by the building of
local developments and then operational jobs to run the developments, this
opportunity will appeal to International Investors and Brazilians due to the
rental potential and resale demand.
There is a choice of 3 beaches only 5 minutes away and 15 minutes by car
and you are in Prainha, where you can sip a cocktail at one of its many beach
bars, or go to the famous lagoon where people come from all over the world to
kite-surf and practice other water sports.
You can also take a beach-buggy ride from here to see many other beautiful beaches like Beberibe, Morro Branco and Canoa Quebrada in Aracati.
Five minutes from Prainha is Porto das Dunas which is home to the largest
aquatic park in Brazil.
The location to the new resorts offers you the chance to make use of all
these new facilities in the area at a fraction of the
price.
Property Exit or Usage Options
1. Re-sell
your property at full market value once all facilities are in place in 2
years. CURRENT Market value if facilities were finished is around 2500
Reals / sq metre (the developer is currently selling at 1400 Reals/ sq
metre), FOR A LIMITED TIME ONLY, and add to that a
predicted growth of about 20% a year for the area and you can see the potential
for capital growth.
2. Hold onto your property and rent it out on a
long term basis to feed the demand of the workers from the upcoming 10.000 new
jobs created by the Golf
Resort.
3. Hold and rent on a short term basis to fulfill
the need of accomodations of the thousands of new tourists coming
to the area.
4. Come and enjoy the 300 days of sunshine per
year, the fun in the sun, the outdoor sports, low cost of living and play golf
in the new Resort!!!!!!!
[The demand for homes in Fortaleza (and Brazil
generally) is very strong among the local and international population. The
Brazilian economy is going from strength to strength and land prices in the area
will increase in tandem with the growth in international interest and external
investment. A big difference between properties in Brazil and some other
counties is the Internal demand for property from Brazilians
alone].
Build /
Property Specification
As is
often common in Brazil, the property is being sold without basic furniture so it
will be necessary to fit items such as Kitchen Units, Light fittings, Shower
Screens etc.
The
developer can assist in providing optional furniture packs at competitive
rates and a full catalogue will be issued 5 months before
completion.
The quality of furniture available can
vary dramatically and this obviously effects the price too.
Please ask
for approximate furniture valuations.
Property Deposits & Payments
Terms
The payment plan is:
1. Reservation deposit of 2.000 BP
· Contract Signing 35%
· Start of
Construction 25%
· Roof Completion 25%
· Completion / Keys
15%
2. 60% deposit with 5% discount remainder over 24
monthly payments.
3. Cash purchase with
10%
discount.
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 2% (payable at the City Hall).
- UK / Brazilian Lawyer (optional but recommended) £800+ Vat
- Admin / Processing (includes all processing costs) - No Admin Fee
For more information about the 'Admin Charge' see the
below section 'Property Commisions'
Property Running
Costs
- Council Tax (per year) approx 0.6% of property price
- Water (per month) - BRL 80 per month
- Electric (per month) = BRL 200 per month
- Condo Fee (per year) = To be advised
To Obtain the price in your own currency, divide the above figures by the rate(s) shown at the bottom of the page. All above rates are approximates / estimates.
Rental / Yield
Potential
Due to the large developments due to start and
currently under construction in the area, the jobs created from the construction
element and then the operational running of the projects as tourist venues will
create around 10,000 Jobs in the area.
The above is in addition to
general tourist letting / rentals.
There is a
GUARANTEE RENTAL INCOME of 12% for the first two years, a
minimum of 6% per year.
* 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.
