OFF PLAN - 10 Apartments in Private Condo
£50,377* (168,260R$)
Ref: PBJP387
General Summary
- 7% RENTAL FOR 2 YEARS (TOTAL 14%)
- 3 to 5 Mins Drive to beach (approx 700 metres away)
- View of Sea from Development as raised land
- From 168,260 BRL to 226,425 BRL
- Completion approx October 2009
- 3.5 Hours Drive to Natal International Airport
- 90 mins Drive to Recife International Airport
- 30 Mins Drive to Joao Pessoa Airport (going international)
- Joao Pessoa City Centre approx 30 to 35 Mins drive
- Cable TV
- Communal Swimming Pool
- 1 Parking per apartment
- Barbecue Area
- Communal Area maintained for you
- 4 Lower Floor 63 sqm Apartments with 14 sqm Private Garden
- 4 Upper Floor 60 sqm Apartments with Private Terrace
- 1 Lower 84sqm Executive Apartment with 32sqm Private Garden
- 1 Upper 80sqm Executive Apartment with Private Terrace 2 Ensuite Bedrooms
- Living Room
- Kitchen
7% RENTAL INCOME FOR 2 YEARS - TOTAL 14% RETURN
Property Overview - 10 Off-Plan Apartments in Private Condo
There are 4 spacious upper floor apartments of 60m2 and 4 lower floor apartments of 63 m2; lower floor apartments include a generous private garden of 14m2. All apartments have 2 en-suite bedrooms and each is finished to an exceptionally high specification far surpassing any new properties available in this area today, with Brazilian granite work surfaces and stainless steel sinks, and many solid Brazilian hardwood and natural stone features. Each residence also has its own private terrace. It is also important to note that each residence has its own private entrance; unlike apartments, these are individual condos.
Constructed on prime land close to Carapibus Beach in the state of Paraiba, this development is a secure, high specification private condominium with exceptional build quality and panoramic sea views from every property.
Its stunning aesthetic features and luxurious amenities are an important and deliberate differentiator from other new developments in North East Brazil. All residents will benefit from access to a large swimming pool, bar and BBQ area, stone tiled walkways and tropical landscaped gardens.
Apt. No.
Floor
Area (M²)
Features
List Price (R$)
Exchange (£)
Exchange (€)
The Coral
1
ground
63
14 m² private garden
177,750
51,525
65,850
2
ground
63
14 m² private garden
177,750
51,525
65,850
3
ground
63
14 m² private garden
177,750
51,525
65,850
4
ground
63
14 m² private garden
177,750
51,525
65,850
5
1st
60
Optimal ocean view
168,260
48,775
62,320
6
1st
60
Optimal ocean view
168,260
48,775
62,320
7
1st
60
Optimal ocean view
168,260
48,775
62,320
8
1st
60
Optimal ocean view
168,260
48,775
62,320
The Oyster
9
ground
84
32 m² private garden
226,425
65,630
83,870
10
1st
80
Optimal ocean view
210,625
61,050
78,010
Above exchange rates are based off 3.45 BRL to 1.00 GBP and 2.7 BRL to 1.00 Euro. If the website reflects different headline prices, this is as the website automatically updates the exchange rates. The BRL price should always be the same.
Property Location & Area
Carapibus is a growing community overlooking the tropical waters of the Atlantic Ocean. The nearby fishing village of Jacuma offers many facilities including good restaurants, beach bars, shops, a post office, pharmacies, gas stations, a medical clinic, a waterpark, schools and bus and taxi services.
A 10 min drive from the development takes you to some of the most stunning beaches in Brazil, such as Tabatinga, Coquerinho, Tambaba, Praia Bela and Pitimbu. The world-class beach at Carapibus is less than 5 minutes from this development.
Its worth noting that when the new BR101 road is completed, journey times to Natal and Recife Airport will decrease significantly. This road is currently under construction and is a good example of the investment currently going into the north east of Brazil.
Build / Property Specification
As is often common in Brazil, the property is being sold without basic furniture.
We can assist in providing optional furniture packs at competitive rates. Quotations can be supplied on an indiividual basis as this will depend on the quality of furniture required and the actual size of the property to be furnished.
Property Deposits & Payments Terms
The payment plan is designed to ensure a swift build time. Once construction starts build time will be completed within 8 months. Deposits are payable to secure the property then the next installments aren't payable until construction starts.
The payment plan is:
- Reservation Fee: 1,500 GBP (Sterling)
- Contract Signature 40%
- Start of construction 25%
- 2 Months into Construction
- Key Delivery and handover 10%
Loans are available from the developer for which there will be a charge. Please enquire as to details/availability.Loans are available from the developer for which there will be a charge. Please enquire as to details/availability.
Associated Purchase Costs
In addition to the listed price for the investment, the following costs will apply to your purchase:
- Stamp Duty Purchase Tax (or Registration tax) is around 3% 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
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 1% of property price
- Water (per month) = TBC
- Electric (per month) = TBC
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.
When buying a property it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges (if applicable), your home / investment is at risk if you do not keep up these payments.
Rental / Yield Potential
Ask about rental projections, each area is different and we can talk to you about the local tourist demand. There is a mix of rental opportunity from long term contracts to short term holiday lets.
In many areas, hotels are largely booked and the tourist vists to the cities are increasing year on 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 = 3.34R$. 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.