Location: Rio Grande Do Norte, BRAZIL


Price: € 19,125


Property Type: Villa


Sale Type: New Build

Overview
Turtle Bay golf and beachfront residential resort situated in one of the most privileged and exclusive coastlines of Brazil.
A unique land banking investment opportunity for the discerning investor.
Development
Spectacular beachfront location next to the 19th century colonial city of Belmonte.
Large serviced plots with amenities to include 5 star boutique and spa hotel, golf course, equestrian centre and an exotic beach club, tennis club and social area.
Private gated community, with landscaped design, lagoons and water features.
Investment
First release of project in an emerging market securing early entry to a below market price
Strong predicted natural price growth and many accelerating factors.
Contractually agreed automatic price increase of at least 8% before December 2007.
New international airport planned just 30 mins away.
Strong domestic tourist demand and a growing international profile.
Range of short, medium and long term exit options. SEE BELOW
Prices
Price from approx £15,300
Size of plots: 500sqm / 1,000 sqm
Payment Method
25% immediate reservation payment in Escrow
25% with final planning approval - Dec 07
25% when infrastructure and services start - 2nd Q 2008
25% when services delivered - 3rd Q 2009.
Obligatory construction of villas must begin from 2010 to 2011
Average construction period 15-18 months.
Construction Payment Method
25% when building starts
25% when the roof is finished
25% when the carpentry and glazing are completed
25% on completion
Guaranteed Construction Price
€980/sqm for all covered spaces
€650/sqm for uncovered terraces and porches

Exit Strategies
Resale of reservation contract
Resale of private contract 2008,2009,2010
Resale of off-plan villa 2008,2009,2010,2011
Resale of turn key villa 2011,2012,2013
Rental yield from villa from 2011

Documents:
Turtle Bay - Information Dossier - Area and investment information