Cape Verde - 5 Star Bank Guaranteed Property Purchase - SIPP Compliant - Salinas Sea (MD670438)
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KEY POINTS - Full Freehold Title Ownership - Guaranteed Rental Early prices - 15% Below Completion Value - Guaranteed 50% LTV Mortgage --------------------------------------------- *Salinas Sea Resort - Cape Verde - Sal Island *5 Star Resort built by 15 year old company (7th Resort Build) *Current prices are 15% below completion value for a short period. Build Completes in January 2012 - Bank Guaranteed to complete. Open to the public February 2012 * Contracts signed with TUI PLC- (Thomson / First Choice) at Salinas Sea. Approximately 50% resort occupancy year round will be provided by these companies alone: Search: FIRST CHOICE HOLIDAYS - SALINAS SEA *Deposit protected with full bank guarantees in place to complete development *50% net rental rate share with operator from launch with guaranteed 5% of purchase price as a minimum 'safety net'return *No Capital Gains Tax or Inheritance Tax *Approved for SIPP (Self Invested Pension Plan) investment *4 weeks free personal use per year for non-SIPP investors *£1,000/ €1,000 reservation fee, followed by a 50% deposit within 45 days *Guaranteed non-status 50% LTV mortgages on completion from developer which will be paid off over 4 years through rental income (see spread sheet available on download), leaving investors with a freehold, fully unemcumbered, 5 star rental property with no mortgage and no maintenance fees *Located on the best beach (Santa Maria) and best position on Sal Island.
Other Details: Number of Bedrooms: 2, Number of Bathrooms: 2
This property is located in: Santa Maria (Sal, Cape Verde).
For more details about this listing please click here to access the webpage provided by listing owner.
Neighborhood
Food and Drinks 37 landmarks in the vicinity
Leisure 28 landmarks in the vicinity
Tourism 22 landmarks in the vicinity
Shops and Stores 14 landmarks in the vicinity
Money and Finances 5 landmarks in the vicinity
Sport 3 landmarks in the vicinity
Religious 3 landmarks in the vicinity
Medical 3 landmarks in the vicinity
Transportation 3 landmarks in the vicinity
Community 2 landmarks in the vicinity
Safety 1 landmarks in the vicinity
Learning 1 landmarks in the vicinity
Buildings 1 landmarks in the vicinity
Other 2 landmarks in the vicinity
Leisure
Shops and Stores
Tourism
Food and Drinks
Transportation
Medical
Money and Finances
Sport
Learning
Community
Safety
Religious
Buildings
Other
Beach
Nightclub
Other
Park
Stadium
Market
Other
Shop
Supermarket
Attraction
Beach
Hotel
Monument
Bar
Cafe
Pub
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Car Rental
Fuel
Parking
Dentist
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Veterinary
ATM
Bank
Other
School
Post Office
Police Station
Church
Other
Other
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FILTERS
Food and Drinks
- Restaurant ~ 0,071 km
Palm Beach Restaurant ~ 0,108 km
Barracuda Restaurant ~ 0,109 km
Beach Club Bar ~ 0,139 km
Beach Club Restaurant ~ 0,142 km
Blubar Bar ~ 0,179 km
Chill@ut Pub ~ 0,191 km
- Restaurant ~ 0,194 km
NHA Terra Restaurant ~ 0,199 km
Calema Pub ~ 0,206 km
Bombay Restaurant ~ 0,216 km
Americano's Restaurant ~ 0,223 km
Ocean Café Cafe ~ 0,226 km
- Restaurant ~ 0,235 km
Cultural Café Restaurant ~ 0,243 km
Café degli Artisti Restaurant ~ 0,266 km
Camara Camara Restaurant ~ 0,282 km
Cabo Bar Bar ~ 0,283 km
Chez Pastis Restaurant ~ 0,298 km
Pub Bandidas Restaurant ~ 0,311 km
Turtle Shack Restaurant ~ 0,313 km
Zum Fisherman Restaurant ~ 0,335 km
Burghy Restaurant ~ 0,369 km
Sal Market Restaurant ~ 0,371 km
Odjó d'Água Restaurant ~ 0,375 km
Tam Tam Restaurant ~ 0,381 km
- Restaurant ~ 0,407 km
Atlantis Restaurant ~ 0,457 km
Lomba Branca Restaurant ~ 0,468 km
Bons Amigos Cafe ~ 0,485 km
Aurora Restaurant ~ 0,516 km
Gigi's manera ca... Restaurant ~ 0,529 km
Salinas Restaurant ~ 0,543 km
Setima Onda Restaurant ~ 0,566 km
Lojinha Blue Fish Restaurant ~ 0,607 km
- Restaurant ~ 0,759 km
Cantinho d'Tia B... Restaurant ~ 0,768 km
Leisure
- Other ~ 0,197 km
Santa Maria Pier Beach ~ 0,201 km
- Other ~ 0,280 km
- Other ~ 0,281 km
- Other ~ 0,320 km
- Other ~ 0,335 km
Praia de Santa Maria... Beach ~ 0,372 km
Pirata Nightclub ~ 0,387 km
- Park ~ 0,398 km
- Beach ~ 0,401 km
- Other ~ 0,415 km
- Other ~ 0,420 km
- Other ~ 0,462 km
- Beach ~ 0,507 km
- Other ~ 0,511 km
- Other ~ 0,520 km
- Other ~ 0,560 km
- Other ~ 0,589 km
- Other ~ 0,608 km
- Other ~ 0,688 km
- Other ~ 0,741 km
- Other ~ 0,813 km
Estádio Municipal S... Stadium ~ 0,821 km
- Other ~ 0,842 km
- Other ~ 0,856 km
- Other ~ 0,894 km
- Other ~ 0,940 km
- Other ~ 0,943 km
Tourism
Historic Salt Scales... Attraction ~ 0,054 km
Santa Maria Pier Beach ~ 0,201 km
NHA Terra Hotel ~ 0,202 km
Aquamarina Hotels Hotel ~ 0,209 km
Hotel Morabeza Hotel ~ 0,210 km
- Attraction ~ 0,230 km
- Hotel ~ 0,303 km
Pentão Hotel ~ 0,344 km
Relax Hotel ~ 0,351 km
Praia de Santa Maria... Beach ~ 0,372 km
Morabeza Hotel ~ 0,379 km
Odjó d'Água Hotel ~ 0,380 km
- Beach ~ 0,401 km
Belo Horizonte Hotel ~ 0,443 km
submerged christus s... Monument ~ 0,502 km
- Beach ~ 0,507 km
Porto Antigo Hotel ~ 0,532 km
Oasis Atlantico Belo... Hotel ~ 0,540 km
Ponta Preta Hotel ~ 0,719 km
Santa Maria Beach Hotel ~ 0,766 km
Hotel da Luz Hotel ~ 0,777 km
Djadsal Hotel ~ 0,813 km
Shops and Stores
vista verde tours Other ~ 0,155 km
Morabitur Other ~ 0,157 km
Protect Cabo Verde Other ~ 0,214 km
Kawsara Fall Other ~ 0,218 km
- Other ~ 0,272 km
Pirata Shop Other ~ 0,379 km
Serilimpo Shop ~ 0,410 km
- Other ~ 0,416 km
- Other ~ 0,446 km
Dadô Other ~ 0,456 km
- Other ~ 0,475 km
supermercado cazu Supermarket ~ 0,510 km
- Other ~ 0,742 km
Mercado Municipal Market ~ 0,829 km
Money and Finances
Banco Interâtlantic... Bank ~ 0,196 km
- ATM ~ 0,200 km
- ATM ~ 0,265 km
- ATM ~ 0,270 km
BCN Bank ~ 0,277 km
Sport
Manta Diving Other ~ 0,622 km
- Other ~ 0,776 km
- Other ~ 0,784 km
Religious
Paróquia Nossa Senh... Church ~ 0,177 km
Igreja Nossa Senhora... Church ~ 0,182 km
Igreja Do Nazareno Church ~ 0,306 km
Medical
- Veterinary ~ 0,349 km
- Pharmacy ~ 0,418 km
- Dentist ~ 0,452 km
Transportation
- Parking ~ 0,115 km
Mendes & Mendes Car Rental ~ 0,341 km
Conacol Fuel ~ 0,489 km
Community
- Post Office ~ 0,497 km
- Post Office ~ 0,541 km
Safety
- Police Station ~ 0,538 km
Learning
- School ~ 0,420 km
Buildings
- Other ~ 0,921 km
Other
Giramondo Other ~ 0,197 km
- Other ~ 0,533 km
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World Wide Resource (Real Estate Agent & Developer) from United Kingdom
About World Wide Resource
New Hilton Hotel is being built adjacent to Salinas. Sal benefits from a large and modern international airport with direct weekly flights from 3 UK hubs (5.5 hours) and numerous others across continental Europe.
The Cape Verde islands are known as the “Caribbean of Europe” enjoying even tropical temperatures 52 weeks a year with no tropical storms and as such are a year-round tourist destination as well as being as being a strong and very stable emerging market (as stated by the International Monetary Fund - Click here: IMF). Sal itself is undergoing a huge amount of regeneration as you will see from our files and this promises good natural growth on the island unlike the Canaries which peaked some years ago.
The Salinas Sea Resort is the seventh hotel to be built and fully managed by the Oasis Atlantico Group www.oasisatlantico.com
Oasis are the largest and most experienced constructors and hotel managers in the Cape Verde islands. They boast four existing hotels in Cape Verde operating to an average 70%+ occupancy year-round (2 of them on Sal) and another two successful holiday hotels in the northeast of Brazil. Their Cape Verde occupancies were 90% last January/February and 95% in March 2011.
The Salinas hotel will open to the public in October with marketing contracts already in place with many of the major European tour operators that Oasis traditionally work with such as Thomson/TUI and TUI Nordic. The hotel is already 50% booked by these two operators alone for the Winter 2011-12 season even before it is open. First Choice is part of the Thomson/TUI group (the largest tour operators in the world) and this is a sample of their marketing for Salinas Sea:
Click here: First Choice | Salinas Sea Resort
Oasis Atlantico also confirm that Salinas Sea has been selected by the French group Heliades for its “Club Helia Mare” Club Helia Mare Oasis Atlantico Salinas Sea 5* - Sal
Before reading the attached files, we would like to emphasize from the outset the secure nature of this investment: Oasis Atlántico Group has an independently audited balance sheet of €128 million
Savills 2010 red book valuation of the Salinas Sea Resort was €32,117,000
Deposits are ring-fenced for the Salinas Resort and not used for any other development
Bank guarantees in place for completion of Salinas Sea regardless of sales achieved
We have secured prices at 25% below completion value for a limited period
Prices from €52,500 plus contractually guaranteed 50% LTV mortgages
50% share of the annual rental from year 1 with a 5% of purchase price rental guarantee as an absolute minimum
Mortgage paid off through rental income in 4 years to leave investors with an unencumbered, fully-managed five star rental property
Completion September, 2011. Hotel opens October 2011
No maintenance or management fees (covered for life)
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