LUXURY CONDOMINIUM OF VILLAS & TOWNHOUSES
£58,667 / $97,778 / €66,415 / R$176,000
Ref: PBCE700
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*Coming Soon - Taking Pre-Reservation Orders*
*Massively Reduced Price to Launch - Prices WILL Increase Soon*
* GUARANTEE
TOTAL RENTAL OF
12%*
General
Summary
- GUARANTEED 6% RENTAL PER YEAR (12% TOTAL over 2 YEARS)
- 5 Mins Drive to Beach (4km Away)
- 25 Mins Drive to Fortaleza International Airport
- 5 Mins Drive to Local Beach Restaurants (On Beach)
- 25 Mins Drive to Fortaleza City Centre
- Close to Many Great Beaches (SEE PHOTOS): Prainha, Marambaia, Presidio Iguape and Barro Preto. (all within 5 and 15 mins Drive)
- Close to many MAJOR New developments (see below) which will add greatly to the potential investment upside
- Work NOW STARTED on Dual Highway (SEE PHOTOS) to connect Aquiraz to International Airport
The Development / Communal Building Offers:
- Total of 220 Units mix of Apartments, Water Bungalows, Townhouses and Detached Villas (see PBCE704 for Apartments)
- Underground Restaurant surrounded by salt water lake with view to tropical fish.
- Two huge Recreational Areas with swimming pools and private beaches with Oasis Island for sun bathing.
- Communal Semi-Olympic Swimming Pool
- Communal Party / Function Room
- Fitness Center Private Parking (Villas)
- General Parking (Apartments)
- Private Barbecue Area (Villas)
- Communal Barbecue Area
- Optional Private Pool and Decking Area (villas)
- Luxurious Club House with Spa / Sauna / Gym / Aromatheropy Room / Massage Room
- Swimming Pool Bar
- Football Pitch / Basket Ball & Tennis Ball Courts
- Children Leisure Area
- 24 Hours Security
- General Maintainance / Cleaning on all Communal Areas
- Cable TV / Broadband Internet
- Rental Management / Resale Help
The Property Offers:
- Townhouse Sizes 110sqm or 130sqm
- Detached Villas 150sqm or 180sqm
- Selection of otyher model plans / villas available up to 250sqm
Property and
Area Overview (TOWNHOUSES AND VILLAS)
Villas and Townhouses starting at: R$ 165,000,00 (£47,876.00*
)
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 childrens 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 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 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
Monthly Utility and other costs
directly associated with this property are set out below: (all are
estimated and approximated)
- Council Tax (per year) approx 0.6% of property price
- Water (per month) - BRL 80 per month
- Electric (per month) = BRL 200 per month
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$2.65, £1 = R$3.00, $1 = R$1.80. 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.
