Full Description

Investors currently have the opportunity to enter at 10% LOWER the purchase price. These fully fitted turn key homes are supplied with air-conditioning and private car park for residents. With Buzios being on the number one destinations for both the local and international Market the rental yield potential combined with the annual appreciation (25%) makes Paradise Villas a truly attractive. The development is fully approved with building licenses Granted.

Amenities

• Private gated community
• CCTV security
• Adults swimming pool
• Children's swimming pool
• Sauna and toilets area
• Communal barbeque area
• Multi-use room (fridge, freezer, industrial cooking
• unit and table/chairs)
• Pizza oven with granite counters
• Landscaping and gardening of common areas
• Traditional Brazilian style walkways
• Themed waterway constructed through community gardens
• Wooden picnic areas

Location

Offering magnificent views of both the sea and the surrounding sand dunes and located only 20 minutes south of Natal Paradise Villas are in the perfect locations. 150 metres from spectacular beaches of Buzios in an established resort the area offers water parks and plenty of bars and restaurants

The Properties

Paradise Villas are desirable two-level villas, which are sized from a generous 101sq metre and upwards. All of these properties have two bedrooms and two bathrooms. The second floors of the villas boast fantastic roof solariums. Each villa comes with a 11.6 sq meter a private parking space. The properties offer fully fitted kitchens and bathrooms with double sinks and include marble counters. Should you wish there is an option for solar energy installations.

Rentals

High demand for rentals in the area not only will European tourists be attracted to the location and standard of the development but the Brazilian national tourists (mainly from Rio & Sao Paulo) visit natal year after year and are specifically looking for higher standards of accommodation. There are rental and property management companies in Natal that normally charge between 15-20% commissions of the monies taken on either a monthly or weekly basis.

Maintenance

The maintenance fee is yet to be confirmed. This will include 24 hour security, pool cleaning, landscaping and gardening, upkeep of the common area etc.  

Additional Costs

To be taken into account when buying are:- Legal Fees and taxes total 7-8%

Exit Strategy  

With the collaboration of the largest most established leading real estate agents in Natal we can offer our investors excellent exit strategies.  Over 35 years of business experience Investors have the option of reselling the property through this well established agent who will market the property both locally and internationally

Full rental & property management services:

• Valuation of the property
• Marketing
• Rental agreements
• Legal assistance
• Solvency analysis
• Property inspections
• Maintenance
• Administrative duties
• Furnishing

Expected monthly returns and average annual return estimated at between 8.5% and 9.5%

Payment Structure

3,000€        reservation fee (deductible from purchase price)

1,350€         +VAT legal fees payable to Lawyers

30%             of the purchase price payable upon exchange of purchase contract

20%             payable when foundations are laid(estimated Jan 2009)

30%             payable upon roofing (estimated July 2009)

20%             Payable upon completion (estimated May 2010)