Full Description

Excellent CITY based investment with high short term capital growth and a clearly identifiable exit strategy. Genuine 5 year guaranteed rental income programme in place. Although payment terms don t offer great leverage, this is still a fabulous investment product.

Investment return projections:

Fixed 5% rental guarantee signed for 5 years with a local property management company - Short term rentals: High season 13 weeks 500€ per week.

General:

250€ per week - Capital growth is estimated to be 25-35% per annum - Bank guarantees - No mortgages available in Brazil, so cheap. Prices will go up as soon as expat mortgages are introduced.

Development Description:

Sun Towers is a Dubai style towers development of two bedroom apartments, each with its own allocated parking space, split over 3 towers within a gated community with a security entrance. Until recently this was sold solely to locals, where there is a real demand for these properties as it is an affordable holiday destination. All apartments above floor 10 have views towards the sea.

Location:

Located in Natal City outskirts, just 2 km from the beach at Ponta Negra. Easy walking distance to shops, supermarkets, bars and restaurants. Ideally located for locals for long term rental, or holiday apartments lets. Facilities: - 2 swimming pools - Gymnasium - Games room - Party room - Pool bar area.

Development prices:

Attractive entry prices from 45,000€ - 53,668€. - Current availability list available on request Number of units: 240 Payment terms: - Reservation: 3,000€ - 50% on private contract - 30% by 10 June 2007 - 20% on completion.

Estimated completion:

Tower A: delivery August 2008 - Tower B: delivery February 2009 - Tower C: delivery August 2009