Full Description

Praia Bonita is located on the beautiful beach of Praia de Camurupim, Tabatinga - already a firm favourite with wealthy Brazilian holiday makers, and guaranteeing a steady stream of clientele from the offset.

On our site visit of this fantastic development, it took only a short 20 minutes drive south from our hotel in Natal. We were very impressed by the overwhelming beauty of Praia Bonita's location. Just a short hop from the international airport, and placed between the Atlantic Ocean and the Lake of Arituba, with some of the most breathtaking white sandy beaches and fresh water lagoons you are ever likely to see. With an improving infrastructure, and already being an established favourite with Brazilian holiday makers, Praia Bonita offers the investor the chance to invest in one of Natal's best locations.

Not only do you benefit from a fixed income rental guarantee of 5% per annum for 2 years, with the high level of expected infrastructure and property development within the next year we conservatively estimate capital growth to be in the region of 20% per annum.

Units in this development are being snapped up by both the local market and international buyers alike and we would recommend early reservation in order to avoid disappointment.

The Development

This stunning resort will consist of 135 units ranging from studios, apartments and chalet styled villas and is perfectly placed between the sea and a freshwater lagoon, with children and adult's swimming pools stretching throughout the development.

Praia Bonita will be run as a hotel and features a wide range of facilities including restaurants, beach bar, pool bar, beach club, 24-hour security, sauna and a fitness centre. The rental pool and guarantee scheme, managed by the developer, provides an interesting buy-to-let opportunity while the property value increases over time.

The Rental Guarantee

The Praia Bonita Resort development offers a 5% rental guarantee for 2 years.

Investment Protection

All due diligences are completed by independent lawyers.

The Exit Strategies

The 2 year rental guarantee at 5% per annum, allows the investor to hold onto the property and receive a guaranteed fixed income and sit back and wait while the property value increases.

Alternatively an investor could choose to sell. Due to the popularity of the area and the stream of rental customers visiting the resort (local, national and international) there should be no shortage of eager buyers waiting to buy this superb investment property.

Price

• Mini - Apartments (Studio) , 35m2 to 48m2, from £44,000 - £49,000
• 1 Bedroom Apartments, 52m2 to 66m2, from £70,000 - £83,000
• 2 Bedroom Apartments 63m2, £75,000
• 1 Bedroom Villa, 88m2, £106,000
• 2 Bedroom Villa, 138m2, £172,000

Location

Praia Bonita is an exclusive complex situated along Natal's popular South Beaches. This tropical beach location is one of the most sought after areas by locals, second-homers and international tourists.

The Resort is ideally positioned between the beautiful freshwater lake of Arituba and the white sandy beaches of the Atlantic Ocean. Magnificent beaches, beautiful walks, festivals and the excellent food and wine makes Natal an irresistible city, and symbol of Brazil which has enchanted the world. Located at the corner of the Continent, Natal lies only 7 flying hours from Europe. The city has the purest air in the Americas and a special charm.

• Area attracts more than 1 million visitors every year
• The area is in the early stages of a property boom
• Clean, safe and friendly location
• The international airport has several direct flights to many large European cities
• Endless beaches and un-spoilt nature
• Warm, sunny, tropical climate all year round

The Region

According to Tribunal do Norte, 1 billion Euros is being invested by major international hotel chains and developers, such as Holiday Inn, Radisson, Hilton, Iberostar and Club Med

• The region is one of the most popular leisure areas amongst locals, nationals and international tourists
• The new airport is expected to be one of the most important airports in the world
• The area boasts a strong existing infrastructure
• Natal is reported to be the safest state capital in Brazil
• Natal is one of the closest Brazilian cities to Europe and is a shorter flight from Europe than many other popular Brazilian destinations such as Rio de Janeiro or Sao Paulo
• Beautiful beaches, dunes, cliffs, fresh water lagoons, coral reefs and a year round warm climate make it a perfect holiday location

Why Invest in Brazil?

• Capital growth of around 40% in recent years
• High rental returns
• The climate offers year-round sunshine, with average summer temperatures of 27°C
• Falling interest and inflation rates
• Foreign investment is actively encouraged and investors own 100% of land and property
• According to Goldman Sachs, Brazil will be among the economic leaders of the future, along with Russia, India and China
• Brazil will host the 2014 Football World Cup; historically major sporting events have usually had a positive effect on property prices
• Favourite amongst major investment funds: GE, Morgan Stanley

Purchasing Process

The purchase process for Praia Bonita is simple and straightforward. The process can be broken down into the following steps:

• 3000 Euro reservation fee
• 35% on signing contract
• 35% finished structure (Jan 2009)
• 30% upon completion - fourth quarter of 2009

Purchase cost of approximately 8%.

Legal

We always recommend the use of an independent lawyer when purchasing property abroad. We can introduce you to an experienced independent lawyer who is well versed in Brazil property laws and regulations.

Financial Assistance

The majority of people who have bought investment property in Brazil have funded the purchase by re-mortgaging their existing property or buy-to-let portfolio to release the capital available. In some cases we have seen a combination of using savings alongside a part equity release. At present overseas buyers are unable to obtain a mortgage in Brazil and the above financing strategies offer the best route to raising money for your purchase. Our finance team will be able to assist you in this area.

How do I reserve a property?

The reservation process is very simple. Call or email us today and we will help you to select the best available units that matches your requirements.

About Colordarcy

Colordarcy is a specialist Brazil property company with a strict policy of only recommending projects that we are prepared to invest in ourselves. Our aim is to provide you with properties that offer the unique combination of strong growth returns and cash flow positive income. Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, your employment status or other financial commitments.