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Property for sale information

 
Morabeza Beach Resort, Cape Verde  
Reference nr: TR112974
Description:

MORABEZA BEACH RESORT, SANTIAGO ISLAND

Guaranteed income of 5% per annum

Probably the finest beach front development in Cape Verde with superb views over the Atlantic

Two golf courses under development and others in planning stage

Direct flights from the UK and Ireland in 2007

Very favourable tax treatment for owning property

Mortgages available, typically 70% of property value

One of the best Off Plan developments in Cape Verde at
present, totalling 60,000m2

Low build density - less than 20% land occupation

Beach and Sea frontage - directly onto beach

All properties will have elevated sea, beach or country/valley views

20 minutes from the capital Praia - 12 minutes when new road completed

Freehold ownership

4 bed Beach Villas and 2 or 3 bed Apartments

Self contained holiday resort complex

Centred around a 4* Hotel with an array of supporting facilities including:
Restaurants
Bars
Fitness Centre/Gym
Shops and Grocery Stores
Tennis court...and much more

Reece Carrington have 54 apartments at PRE-LAUNCH PRICES to offer our clients. To reserve a unit all you need is €5,000 with a choice of three payment options available.

WHY CAPE VERDE?

Capital appreciation - the tourism and infrastructure developments mean the Cape Verde islands will become increasingly popular with holiday makers and investors. On some islands, land has appreciated at 40% per annum.

Tourist Development - the government has earmarked 4 islands for tourist development - Sal, Boa Vista, Santiago and Maio. With a growth of 25% in tourist numbers over the last few years, the islands represent a huge potential tourist destination, receiving currently less than 250,000 visitors per annum, compared to the almost 10 million in the Canary islands.

Rental income - the perfect all year climate of 25C with virtually no rainfall will allow for year long holiday rentals. For the correct developments, a mix of customers is only likely to ensure high all-year rental occupancy.

Direct 5.5 hour flights from several countries in the world, including direct flights from Manchester and Gatwick, as well as easy connections via Lisbon and Amsterdam. The site will be 15 minutes maximum from the airport.

Featured on Channel 4’s “20 Best Places to buy in the Sun”

Political Stability - A functioning parliamentary political system. Absence of any ethnic, religious or political conflict.

Picturesque environment - beautiful white sandy beaches, clear turquoise warm water, breathtaking mountains,

It’s Safe - social and political stability and negligible crime. The people are very friendly and there is none of the intense salesmanship that exists in West Africa or indeed in parts of Sal (due to burgeoning emigrant community).

Activities - Swimming, surfing, sailing, bird-watching, diving, fishing for marlin and tuna, hiking, mountain biking and golfing

CALL US NOW FOR FURTHER DETAILS 01939 220 420

Bedrooms: Bathrooms: Price (€):
2 2 163,795
Features:
Beach
Furnished
Golf
Submission Date:
04-14-2008
Last Update:
04-14-2008
Advertiser Details:


Name:
Trevor Reece

Company:
Reece Carrington

Phone:
01939 220420
Fax:

Mobile:

 
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Morabeza Beach Resort, Cape Verde

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Calculators

 
Property price: €163,795
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations