Sea Front Land Development Project (16,000sqm)
£1,197,605* (4,000,000R$)
Ref: PB204
- Development Project Possibilities: Guesthouse, village, hotel
16,000 sqm land area - 200 m beach front x 80 m deep
- 10 minute drive to Praia do Forte through coconut road.
- 4 Km walking by the beach to Praia do Forte
- Surrounded by coconut palms.
- Tourism Growth 25% per year
- Hotel occupation rate in Salvador 50% year average
Property and Area Overview (Ref: PB204 Sea Front Land Praia do Forte Salvador Brazil)
This superb development Land of 16,000 sqm is located in Itacimirim, North of Salvador, the development Land is is 200 metres (front) X 80 metres (deep) totalling 16,000 sqm. We have already prepared a business plan for this land and contacted some suppliers in order to provide our clients with the best assistance for investing in this paradise on earth.
Itacimirim is located 40 minutes drive from Salvador International Airport and 10 minutes drive from Praia do Forte a place that is known for enviromental protection where man and nature live in perfect harmony. Praia do forte has very nice restaurants and shops that has a unique rustic decoration with wood, clay, and straw. Praia do Forte has enviromental projects to protect sea turtles, whales, and dolphins. Praia do forte is a place that is attracting for Elders, adults, young adults, teens, and children that get enchanted by the little sea turtles.
This land is designed for entrepreneurs that know the perfect time to buy, to build and to sell. This land is just 4 km away from Praia do Forte walking by the beach.
Location
Located 40 Minutes drive from Salvador International Airport and 10 minutes drive from Praia do Forte through the road and 4 Km walk ing by the beach to Praia do Forte.
Associated Costs
All quoted prices are inclusive of CPF tax numbers (an individual tax registration number required to buy a property), agent commission and contract drafting. The price does NOT include government purchase tax (appox. 5% of the purchase price) or legal assistance. (see below - legal Assistance Section).
When buying a property it is important that you pay the appropriate council rates (usually around 1% of the property value per year), your home / investment is at risk if you do not keep up these payments.
Rental / Yield Potential
Salvador has a hotel occupational rate of 50% per year (average) in high season (summer and Carnival it goes up to 100%
* 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.