Apartment for Sale in Fortaleza, Ceara, Brazil

Luxury Condominium Residence on the Beach

Apart Hotel start from 46sqm
Prices Start from GBP 45,681 (based on exchange of 4.02)
Hotel can administer rental (if required) - Easy to Rent
On the Beach
1/2 bedrooms all with 1 Kitchen and Living Room
Communal Swimming Pool
Condominium facilities restaurant, pay per use services like Cleaning / Club house, Gym
Full Broadband and Telephone Comms in each Room
24 Hour Internet Access
24 hour reception
Tourist growth 25% per year
Construction already commenced for Completion February 2008


Property and Area Overview (Ref: PB319 Beach Front Apartments)

Superb development in Cumbuco just 30 mins from Fortaleza. A choice of 1/2 bedroom apartments. This development contains a total 98 apartments.

The developers of this Beach Residence have taken their time in order to find just the right site on which to build this apartment complex. They were looking for a cozy little town where you could relax, where your apartment would give you the fastest and best possible return on your investment and which offered every conceivable service. At the same time they didn't want to be too far from a city and all the attractions and amenities of urban life. After many months' traveling and evaluating a wide range of metropolitan areas in terms of natural setting, infrastructure and probable future development, they decided on the town of Cumbuco. In our opinion, Cumbuco has it all: natural beauty, miles of sandy beaches, a beautiful freshwater lagoon, a rapidly growing infrastructure. The sea in this area is one of the world's finest areas for water sports. The potential for rapid growth in property values is enormous: Brazil's biggest and most luxurious golf courses are to be built here and the Brazilian government expects new-build investment to exceed a billion dollars during the next few years, making this an even more desirable area.

At this spectacular Beach Residence they have chosen to build freehold apartments to the highest standard. Quality, optimal service and comfort are the key words. You own your apartment, but you can also enjoy the luxuries of an exclusive hotel such as round-the-clock receptionist and room service, and cleaning on demand. They have also made arrangements with a reputable travel agency to rent out your apartment if you wish, with monthly rental payments direct to your bank. Underneath this Beach Residence there will be a residents’ car park, while the remainder of the site will include grass landscaping, tiled patios and terraces, bar, swimming pool and cascade, etc. For more information about your big chance for a lucrative investment in paradise!


Cumbuco beach is just 30 mins from Fortaleza and only 40 mins from the international airport. The water is warm and inviting and good for bathing. The beach is decorated by palm and coconut trees. The beach of Cumbuco is a good place for wind and kite surfers. The beach has everything that is important to attract tourists and local visitors, that usually go in groups to this beach to enjoy all the beauty and the well-being its attractive can offer. Behind the town and beaches there are huge sand dunes and small lagoons idea for a buggy ride or sand boarding for the more adventuous.

There are lot of restaurants, beach bars that offer delightful food to visitors. Most bars serve sea food dishes and beverages.

Location

Cumbuco, 30-40 mins from Fortaleza and the International Airport. This development is located on the beach front.

Specification

New, exclusive, high-standard apartments

Built-in features include:

All the usual amenities such as internet connection, pre-installed telephone, satellite TV all channels... all included.
Exclusive baths, air conditioning and TV outlets in living room and all bedrooms.
Downlighting in all rooms.
Efficient and modern layout.
Light colours and attractive tiled floors in all rooms.
Some of the apartments can be divided into "suites" so that children or guests can live separately; you can also take in paying guests while you are there, and rent out the apartment in part or entirely when you are away. There is also a signed agreement with a tour operator guaranteeing rental income (if you so wish) when you are away.

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. 5% of the purchase price) or legal assistance. (see below - legal Assistance Section).

Monthly Utility and other costs directly associated with this property are set out below:

(1) Water (per monthly) BRL 30,00
(2) Electric (per month) = BRL 140,00
(3) Council Rates (per year) = BRL 400,00
(4) Government Purchase Tax (One off registration fee max of 5% of the property price)
(5) Condo Charges-to be decided

To Obtain the price in your own currency, divide the above figures by the rate(s) shown at the bottom of the page. All above rates are approximates / estimates.

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 (if applicable), your home / investment is at risk if you do not keep up these payments.

Rental / Yield Potential

The below figures are estimates supplied by the developer.

46 m2 high season: 25 USD, low season: 20 USD
64 m2 high season: 35 USD, low season: 30 USD