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Bank Guaranteed Property Purchase
Date & Time Listed: 2009-04-30 08:31:19 (GMT)
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Ad Details:
Here is an overview of our bank guaranteed investment opportunity on the island of Sal, Cape Verde. Please find attached documents relating to the Sipp/UK pension approved investment in the first five-star apartment hotel on Sal with construction on schedule to complete in September this year.
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.
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 - 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.
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)
call +44 (0)8454095095
Other Details:
Number of Bedrooms: 2
Number of Bathrooms: 1
Price: 105,000.00 EUR
Keywords:
cape verde, investment property, cape verde golf property, off plan, holiday home, property for sale
For more details about this listing please click here to access the webpage provided by listing owner.
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