Commercial investment 8 x 1 bedroom apartments in whole block Santa Maria, Sal, Cape Verde Bulk Buy Residential £179,590 | €200,000 | $243,860 Request a Currency Exchange Quote Here

INVESTMENT PROJECT – 8 APARTMENTS – NEED FINISHING ONLY €200,000 Great opportunity to obtain an entire apartment block in the residential area of Santa Maria Framework is all completed outside – needs internal work to finish 8 x 1 bed apartments in bloc

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Property Attributes

Lifestyle features

Tourist Letting, Marina, Mooring, Equestrian, Fishing, Golf, Beach, Spa, Casino, Coastal, Cycling, Hiking, Island, Town, Watersports

Property Features

Balcony

Amenities & Services

Parking, Bar, Doctor, Gym, Hospital, Kindergarten, Park, Playground, Restaurants, Schools, Shops, Tourist Attractions

Building Characteristics

Newly Built
Property Description ID:28101352

INVESTMENT PROJECT – 8 APARTMENTS – NEED FINISHING – ONLY €200,000

  • Great opportunity to obtain an entire apartment block in the residential area of Santa Maria
  • Framework is all completed outside – needs internal work to finish
  • 8 x 1 bed apartments in block
  • 2 on ground floor accessed via patio doors
  • 6 on higher floors via internal staircase
  • Approximately €60000 needed to complete work
  • Requires kitchens, bathrooms, tiling, doors,  some wiring and painting
  • Balconies on all apartments at front & rear of each apartment
  • Easy walking distance to town centre
  • Apartments could be retained and rented out – generating an income or sold – individually or a mixture of both
  • Offers in region of €200000

 

REASONS TO BUY ON SAL

Sal has pristine white sandy beaches that rival any of those found in the Caribbean. In fact, with a blend of African, Brazilian and Portuguese cultures, Cabo Verde (Cape Verde) has been dubbed the African Caribbean. Diverse, unspoilt islands with beautiful quiet white beaches and turquoise clear seas.

With political and religious stability and a low crime rate, Cabo Verde has a multi-cultural friendly population and a year round tropical climate with little chance of rain.

Sal Island is easily accessible from Europe with direct flights to Cape Verde from UK, Germany, Italy, Scandinavia, France, Belgium, Poland, Portugal and many other European and worldwide locations, including USA and Brazil plus many from Africa.

Great investment, rental potential and new business opportunities.

Property laws are influenced by the Portuguese legal system and the currency used can either be Euros or Escudos (local currency) which has a fixed exchange rate tied to the Euro. There are also secure banking facilities available.

One of only a few countries ever to be promoted from the 'United Nations’ “least developed nation” category to 'Middle income country' status. This country can be highly proud as it is quite an achievement for a group of islands barely heard of a decade ago.

Cabo Verde is certainly a fine example of what a successful democracy can do for its population and development.

 

DEVELOPMENT & THE FUTURE

It's expected that within the next few years, the Cabo Verde Islands will see one million plus tourists per year with the large majority of them visiting Sal. It is also forecast that there will be a shortage of good quality accommodation in hotels or in private rentals. Sal has seen a lot of changes in the last few years and the future is looking ever more exciting.

Building work is currently in progress on a new Hilton Hotel and Casino. This is very prestigious for Sal as the Hilton Group performs in depth research before committing to develop. This new development is due to open in 2017.

The Resort Group have also already begun building a luxury hotel complex, 'Llana'. This project construction is due to be completed at the end of 2016 and has already attracted a high demand of investors. This will join the 2 other successful developments – Tortuga and Dunas Beach Resorts.  This company also has plans to build on the nearby island of Boa Vista.

Paradise Beach has completed the first half of the development and has properties for sale at inviting prices.

Vila Verde – which has suffered from bad management in the past, now has a new management company. The name of the resort has been changed to Agua Hotels Sal Vila Verde and is divided into 13 different condominiums which will include sharing reception areas, restaurants, cafes and bars, including several swimming pools, tennis courts, sauna, bike paths, fitness centre, spa, country club, night club, several restaurants showcasing regional and international cuisine, terraces, a playground and gardens. (Please note some of these facilities are not yet available but are planned for the future) 'CVDP' highly recommend investing in this complex as we believe in its future and have access, at present, to properties well under the developers price.

Cabo Verde and Sal in particular, clearly have a great deal to offer. The islands were recently named in the Lonely Planet’s Top Ten Destinations – gaining marks for their tropicality, excitement, value for money and special ‘X-factor’. Lonely Planet said that “growing international interest is bringing enormous changes to an archipelago that looks and feels as if it were born from a Caribbean mother and an African father”.

And things can only get better. Currently one of the hottest property locations in the world. “The economy should grow between 4 / 5% next year” according to the head of the bank 'Banco de Cabo Verde',which is supported by official Government growth figures.

CVDP feel that this is the right time and place to invest.

 

WHY CVDP?

We are a dynamic company, based in the heart of Santa Maria, Sal island, established to provide a high quality, professional and friendly service – with emphasis on finding the right investment for the buyer at the right price. CVDP will examine your requirements in depth, in order to match your needs with the different types of available investments. Obviously, the same first class service is available if you are selling a property or business.

We also offer a comprehensive before, during and after-sales service which means that we can assist you with everything connected with your purchase, including property rental & finance.

The owner of CVDP has lived on the sunny island of Sal since 2006 gaining a vast amount of knowledge and experience which we can pass onto you.

Cabo Verde’s only (UK qualified) mortgage broker and financial expert, with contacts within all the banks, is part of the team at CVDP, so you can consult the expert for non-obligation, free advice basis on any financial matters including local tax information, dealing with Government Departments, insurances, and obtaining a loan here to help towards purchasing your property here.

Once you have your new place in the sun our comprehensive after sales service, which is second to none, can provide you with all the assistance you need to keep your property and business in an excellent and profitable condition. Whether it is renting out, cleaning or general maintenance we are here to help.

Due to the experience and contacts we have gained from living here we are able to provide information and recommendations including the best bars, restaurants and leisure activities, excursions etc. The same service applies to your clients, if you are looking to rent your property to holiday makers.

We have first hand access to residential, commercial and quick sale properties at below market value and have close contact with all major developers on the island.

Therefore, if you are looking for a particular property or business that we do not have advertised, please contact us directly or by completing our simple online survey so that we can find exactly what you require at the right price.

If you are looking for a company which is professional, friendly, honest and knowledgeable then CVDP is the one for you.

 

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