LUXURY CONDOMINIUM OF APARTMENTS AND VILLAS
£23,301* (72,000R$)
Ref: PBCE704
*Massively Reduced Price to Launch - Prices WILL Increase Soon*
Apartment Pictures and Plans to Follow over coming few days
General Summary
- 5 Mins Drive to Beach (4km Away)
- 35 Mins Drive to Fortaleza International Airport
- 5 Mins Drive to Local Beach Restaurants (On Beach)
- 35 Mins Drive to Fortaleza City Centre
- Close to Many Great Beaches: Prainha, Marambaia, Presidio Iguape and Barro Preto. (all within 5 and 15 mins Drive)
- Close to many MAJOR New developments (see below) which will add greatly to the potential investment upside
- Work NOW STARTED on Dual Highway to connect Aquiraz to International Airport
The Development / Communal Building Offers:
- Total of 150 Units mix of Apartments, Townhouses and Detached Villas (see PBCE700 for Villas)
- Cable TV / Broadband Internet
- Communal Semi-Olympic Swimming Pool
- Communal Party Room
- Fitness Center Private Parking (Villas)
- General Parking (Apartments)
- Private Barbecue Area (Villas)
Communal Barbecue Area - Optional Private Pool and Decking Area (villas)
- Luxurious Club House with Spa / Sauna / Gym / Aromatheropy Room / Massage Room
Swimming Pool Bar - Football Pitch / Basket Ball & Tennis Ball Courts
Mini Golf Course - Children Leisure Area
- 24 Hours Security
- General Maintainance / Cleaning on all Communal Areas
- Rental Management / Resale Help
The Property Offers:
- Apartment Sizes from 45sqm to 75 sqm
Property and Area Overview (APARTMENTS)
Apartments starting at: R$ 72.000,00 (£20,086.00 *)
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 150 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 (210 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: a 18 hole championship Golf Course, equestrian centre, medical centre, banks, pharmacy, bars, restaurants, night club, a shopping mall of over 14 acres, a yacht club and marina, and all only 35 minutes away from the airport..
Although this development is not beach front, the prices reflect this, however, the development itself has many facilities and is close to some fantastic beaches. The area of Aquiraz is receiving much investment from the government as part of a 100 Million Sterling 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.
- The main building has a reception and administration area, 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 children’s play area and waterfall with a wet sun lounge area.
- The condominium will have 2 full size tennis courts, a volleyball court and a universal football/ basketball court.
- There will be a 9 hole fun golf course as well as a children’s 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 150 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 international airport to Iguape, in Aquiraz, 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 1600 Reals/ sq metre), 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 30%
· Start of Construction 25%
· Roof Completion 25%
· Completion / Keys 20%
2. 60% deposit with 5% discount remainder over 24 monthly payments.
3. Cash purchase with 10% discount.
HOUSE / APARTMENTS DESIGNS AND PAYMENT FORMS ARE STILL TO BE CONFIRMED!!!
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) - TBA
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 (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 = 3.09R$. 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.



