Villa for Sale in Fortaleza, Ceara, Brazil

6 Bedroom House Near Beach in Cumbuco Fortaleza

The Property Offers:
•Property Size nearly 1'700 sqm
•6 Bedrooms, 5 bathrooms
•Huge Living Room
•Spacious kitchen
• Swimming Pool with deck and Barbecue Area

Property Overview - 6-bedroom house near the beach (PBCE734)

This charming 6 bedroom house is located only 30 meters from the beach, not even a one minute walk. The property could alternatively be turned into a Pousada (small Brazilian Hotel) by even building additional rooms on the big, 1'700sqm plot, or just be renovated and used as a second home beach house.



Property Location & Area

•Cumbuco is only 25km (30min by car) from Fortaleza and its international airport Pinto Martins•In Cumbuco, land is very, very limited: Only 4 blocks between the ocean and the environmentally protected sand dunes in the back. The demand for land and houses is many times higher than the actual supply, and prices are continuously increasing.
•Cumbuco turns from a small fisher village to a very attractive tourist destination: a) Large investment started, such as the Vila Galé Golf and Hotel Resort, 2km outside the village. See: http:///pages/hoteis/?hotel=26 b) It is the number 1 spot on the planet for kite-surfing, besides Golf the fastest growing sport.•Approx 50% of property owner in Cumbuco are already foreigners. It is foreseen that Cumbuco becomes one of the highest valued beaches at the coast of Brazil, comparable with Buzios near Rio de Janeiro.

Property Deposits & Payments Terms

The payment plan is:

•10% downpayment
•90% final payment (within 30 days)

Associated Purchase Costs

In addition to the listed price for the investment, the following costs will apply to your purchase:

•Stamp Duty Tax (or Registration tax) is around 2.5% of the purchase price (payable to the notary)
•Property Transfer Tax (ITBI) of 2% (payable at the City Hall).
•Brazilian Lawyer (optional): approx R$ 3'000 to go through the whole deal.
Property Running Costs

Monthly Utility and other costs directly associated with this property are set out below: (all are estimated and approximated)

•Caretaker (per month): BRL 465.00. Note: The property has a seperate caretaker house with two rooms.
•Electric (per month) = approx. BRL 150.00.

Rental Yield Potential for Prpoerty in Fortaleza, Ceara

Ask about rental projections for this property in Fortaleza. Rental incomes in Fortaleza vary depending on the location of the property investment. Some rental returns on Fortaleza investments may be high whilst capital growth good, but capital growth could be better in another area where perhaps rental is not so prominent (ie buying an early investment'). There is a mix of rental opportunity from long term contracts to short term holiday lets.

In many areas within Fortaleza, hotels are largely booked and the tourist visits to the cities are increasing year on year.

We deal with local contacts in Fotraleza who know the markets well and can help you manage your properties generally.