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PRETTY - RUSTIC STYLE BEACH HOUSE

Villa / House in Redinha Nova Beach - Natal, Natal, Rio Grande do Norte

£74,434* (230,000R$)

4 Bedrooms

3 Bathrooms

Ref: PBRN532

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General Summary

5 Mins Walk to beach

20 mins Drive to International Airport

Surrounded by Good Local Beach Restaurants

Natal City Centre approx 8 Mins drive

The Property Offers:

Property Size 262sqm
4 Bedrooms (2 with its own suite)
1 Social Bathroom
1Living Room
1 Dining Room
American Kitchen
1.000sqm total area
Well Maintained Garden With fruit-bearing and coconut trees
Barbecue Area
Kennel
Security

Property Overview -

Rustic Style beach house. 262sqm of private area, 4 bedrooms, American-style Kitchen, Living Room, Dining Room, Big Terrace, a very well maintained garden, barbecue, 1000sqm plot. Excellent location. One of the must promising areas for capital appreciation in the medium term. Redinha Nova Beach. Less than 10 min to the city centre. Besides new bridge and near the future International Airport which is due to complete in 2010 and will be the fourth largest world Airport, expecting considerable tourist flow growth.

Property Location & Area

About 10 km north of Natal, Redinha Nova beach is a typical holiday beach, with few existing beach bars, its' a calm and private beach. Its emerging as being a good investment potential since the new bridge is operational connecting north Natal to the town centre and south beach which reduces considerably the trip time. In addition the North coast will house the fourth largest airport of the world. Thus, increasing the tourist potential beyond recognition.

Property Deposits & Payments Terms

Payment Structure

£1000 Reservation Deposit
10% payment upon Contract Signing (less the Reservation Deposit)

90% upon completion / keys handover (time period negoatiable but usually 1-2 months after signing the contract)

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 CHARGE

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) = BRL 25,00
Electric (per month) = BRL 60,00

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.

Enquire about this property

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* 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.