Villa for Sale in Aracaju, Sergipe, Brazil

3 Bedroom Detached Houses with 7% Rental

3 Bedroom Villas of 146sqm.
Plots Range in size from 300sqm to 400sqm
15 Units - GUARANTEED Rental income of 7% for 2 years
Communal Club House / Bar Area
Communal Sports Court
Two Communal Swimming Pools (Adult and Children)
FULL Furniture pack supplied with property
Certified Ecologically Friendly (Solar Panels and Rain Collectors)
150 Metres to the Beach
10 mins Drive from the Airport


Property and Area Overview (Ref: PB260)

These properties are located in Aracaju in the heart of Atalia Beach. The area has several hotels, resturants and local beach bars. CVC, a major Brazilian tour operator, is opening a 5 star hotel and golf resort out of town (approx 20km away). Construction of this site will start by mid / end of July 2006. Even more exciting is a 2.1 Billion US Dollar investment to build an entire city just 20km away (over the river).



Guaranteed rental yield of 7% per year for 2 years, see below section 'Rental / Yield Potential'



Aracaju has received a huge investment from the city government over the last two years (which we have personally witnessed). The area has changed so much over the last few years and tourism is on the increase. For example, we met with the head of Aracaju airport who confirmed that flights have gone up by 50% in 2005. This year (2006) from Jan to April, flights have increased by 25% already.



The condominium will have a private security guard, general maintainance and rental will be managed by close-by hotel. [Please see additional details below].



The condomium is certified ECO-Friendly as each house has solar panels to operate the electricity and a water collector which channels the rain water into a vast cylinder which is then used to sprinkle the grounds.



This development is located very close to the most exclusive development built so far in Aracaju.



The price includes a FULL furniture pack (see below)



These properties are being sold at Pre Construction prices. The developer is expected to increase the prices over the coming months as more sales are achieved. The current payment schedule is as follows:



Deposit - £1000
50% of Property Price upon signing the contracts
30% of Property Price upon the Completion of the Roof
20% of the Property Price 15 Days before Competion


Furniture (included within the price)





Kitchen
1 Refrigerator
1 Cooker
1 Washing Machine
1 Electric Kettle
1 Mineral Water Dispenser
1 Sixteen Piece Crockery Set ( 4 large plates, 4 small plates, 4 cups and saucers)
1 Sixteen Piece Cutlery Set ( 4 knives, 4 forks, 4 desert spoons, 4 tea spoons)
12 Glasses ( 4 wine, 4 tumblers, 4 Hi-ball)
1 Kitchen Utensil Set ( ladle, slotted spoon, potato masher, fish slice, tin opener, potato peeler)

5 Piece Cooking Set ( 4 saucepans, 1 frying pan)
Small Rubbish Bin
1 Brush and Mop Set
1 Plastic Bucket

Living/Dining Room 1 Two Seater Sofa
2 Chairs
1 Coffee Table
1 Television
1 Dining Table
4 Chairs
1 Picture
1 Floor Rug

Bedroom 1 1 Double Bed with Mattress
2 Bedside Cabinets
1 Wardrobe
2 Pillows
4 Pillow Cases
4 Double Sheets
1 Picture
Towel Set

Bedroom 2 1 Single Bed with Mattress
1 Bedside Cabinet
1 Wardrobe
1 Pillows
2 Pillow Cases
4 Single Sheets
1 Picture
Towel Set

Bedroom 3 1 Single Bed with Mattress
1 Bedside Cabinet
1 Wardrobe
1 Pillows
2 Pillow Cases
4 Single Sheets
1 Picture
Towel Set

Air Conditioning Living/Dining Room
Main Bedroom
Second Bedroom

General Spec Fully Tiled Floors
Fitted Bathrooms
Fitted Kitchen
All light fittings, switches and electrical sockets
Garden Grass in Gardens
Car Parking Tracks

Terrace Table and 4 Chairs






Location

10 Mins Drive (10 km) from Aracaju Airport. 20km Away from the proposed out of town CVC site. 18km away from the US Dollar 2.1 Billion Investment project. 280 Metres from the Beach.



Specification


A Full technical specification of the build can be provided in English, please ask. The property is supplied with a FULL furniture pack.





Rental / Yield Potential



A RENTAL INCOME has been arranged initially for the first 2 years which is 7% of the property price ie. BRL 275,000 x BRL 19,950 per year x 2 = 39,900 BRL (based on 3.90BRL to 1.00 = £10,230.76). There is a five star hotel which is very close to the development that currently runs at 80% occupancy and they have agreed to sign a rental contract with the first 15 units. The 15 Units will effectively be run as an extension to the hotel. Guests (and owners alike) will be able also to use the facilities of the hotel including the large swimming pool, breakfast bar, tennis courts etc). Whilst the agreement with them is only for 2 years, they have expressed an interest in extending the options after the two year period. Details on the hotel and its facilities can be made available to interested parties including the letter of intent from the hotel.



Rentals are limited to the first 15 sales, the rental contracts will be signed at the same time as the property purchase contracts to provide our buyers with security.



Associated Costs

All quoted prices are inclusive of CPF tax numbers (an individual tax registration number required to buy a property), agent commission and contract drafting. The price does NOT include government purchase tax (appox. 2% of the purchase price) or legal assistance. (see below - legal Assistance)

When buying a property it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges which are in addition to council taxes. Condominium charges include communal water, electric, security gards, gardeners. Your home / investment is at risk if you do not keep up these payments.





All properties offered through our company are being sold in Brazilian Reais (BRL). All other references to other currencies are approximate guidlines. The rate we have used for our website can be seen at the bottom of this page, we do update our rates periodically.



Legal Assistance

We can help you with finding a lawyer who will act on your behalf. Approximate costs which will be around £550 ($1017). This is a special rate for clients who purchase a property from us. (Usual cost is £1000). The service will include: - Checking the current owners have the correct entitlement to the land, checking your contract and clearly advising what the obligations are for both parties, supporting you through the payment process and answering legal questions, ensuring land is registered in your name correctly at the end of the process.

Wherever you are in the world, our client lawyers can help you purchase your property.

If you would like more legal advice, please send an e-mail to help@

Property Commissions

Sales agent and processing fees are included within all property prices (unless otherwises stated on the individual property notes above under 'Associated Costs').

Foreigners Owning Land / Property

The Brazilian authorities encourage foreign investment, as such there are no requirements to establish complicated company formations. Brazilian real estate can be owned in your private name.

Visas / Passport

Travellers from most countries will receive an automatic visitors visa entry, this is granted for 90 days. It is possible to apply for an extension for a further 90 days at the local police station. Travellers from some countries are required to apply for a residency at their nearest Brazilian Embassy before travel. Please ask us if you require more information about Visas to Brazil.

Before travelling to Brazil you should have at least 6 months from the return date of your journey until your passport expires.

Flight Costs

Flight costs are dramaticaly reducing to Brazil. We have contacts that can help you book your flight. An example of a direct flight from London airports to some destinations of the northeast of Brazil are currently around £290 to £500 (return). Prices do fluctuate depending on the season / operator and destination airport.

Money Transfers to Brazil

It is imperative when buying property in Brazil that the funds are sent directly from your own bank to the sellers bank account in Brazil, this is sent via the Central Bank of Brazil who act as an official receipt of funds into the country. The seller has to present their contract to the bank to release the funds. This ensures the government have recorded your investment into the country. Please becareful of developers / sellers who do not use the official route.

Your bank will not be able to offer an exchange rate at the time of transfer as the money is crystallised when it reaches Brazil (approx 5 days transfer time). There will usually be a shortfall or overpayment, we will help you manage any transfers and liase with your banks to ensure that the process works smoothly.

Borrowing Money to Buy Property

It is not possible to borrow funds in Brazil to buy a property. Some new build off-plan developments may be offered by the developer with installment payments over a short period of time (Ie. 12 to 24 months). The charges applicable vary from developer to developer.

If you have property in your own country and would like to borrow against this, then we can introduce you to a financial lender who can help you raise finance accordingly. We are full subscribed to the Financial Service, Credit Consumer License and Data Protection Act.
* General Notes

This property is sold in Brazilian Reais (BRL). Any other prices quoted in other currencies may vary vary Currency rates will depend upon the Central Bank of Brazil's conversion rate at the time the funds are received in Brazil (approx 5 days after sent). As such all prices other than Brazilian Reais (BRL) will change (ie Euro, GBP & USD). Typically funds take 5 working days to be received by the Central Bank once they have been sent from your own bank account, it is at this point the conversion rate will be fixed. To check yesterdays closing price with the Central Bank of Brazil click here .

Every attempt has been made to ensure the information contained within our websites and offline documentation is accurate and up to date at the time of publication. Enclosed material is based on information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete. It is the buyers responsibility to ensure property details, taxation etc are correct before paying a deposit / purchasing.

We advise you to use a trusted client lawyer when purchasing who will ensure your interests are protected. We recommend that you use a Brazilian Lawyer who is registered with the OAB (Ordem Dos Advogados Do Brasil) which is the equivalent to the Bar in the UK. You would also have more protection if they are also registered with the society in your own country (I.e. UK Law Society).

The most important parts of the purchase process a lawyer will support you with is to check:

The land has good entitlement
Check the contract you are signing is protecting you and explain in detail the clauses
Ensure the title deeds are transferred into your name and correctly.
We always recommend a visit prior to purchasing property to familiarise yourself with the area and developments.

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