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Beach Front Flats in Cotovelo Beach

Apartment in Natal, Rio Grande do Norte, Brazil

£61,818 / $95,506 / €75,556 / R$170,000

2 Bedrooms
2 Bathrooms

Ref: PBRN557



General Summary

  • 1 Min Walk to beach
  • 20 mins Drive to International Airport
  • Surrounded by Great Local Beach Restaurants
  • Excellent Infrastructure on site
  • Natal City Centre approx 15 Mins drive


The Development / Communal Building Offers:

  • 50 meters from the beach
  • Cable TV
  • Restaurant
  • Flat Services
  • Communal Swimming Pool
  • Communal Party Room
  • Communal Games Room
  • 1 Parking Space per apartment 
  • Barbecue Area
  • Communal Area maintained for you
  • Security 24/7

 


The Property Offers: 

  • Property Size 54sqm
  • Terrace with wonderful sea view
  • Apartments with or without furniture package
  • 2 Bedrooms
  • Living Room
  • Equiped Kitchen



Property Overview -

 

 

Only a few units left for sale. Prices varies between R$ 170.000 and R$ 330.000 (penthouse, 110sqm with jacuzzi ). Located in Cotovelo beach only 15 minutes south from town center. Cotovelo beach offers a great structure of leisure and enterteraiment. The waters are calm and fresh and the landscape is simply unforgettable. In a privileged location, Cotovelo beach is between the beaches of Ponta Negra and Pirangi, where you can find comfort, privacy and an idyllic landscape only few minutes from the liveliest parties, big supermarkets and facilities offered by a central location: Ideal place to live or invest.

 

WE HAVE SOME UNITS AVAILABLE FOR TEMPORARY RENTALS AS WELL. CONTACT US FOR MORE INFORMATION.

 

 

Property Location & Area

 

Located 15 minutes away from Natal town centre Cotovelo is a small and calm beach, blessed by clear and calm waters, with few houses - and condominiums of high class. Cotovelo is a beach formed by cliffs and is great for bathing. One of the first beaches for summer vacationers of Natal, it has good structure of restaurants and accomodation.


Build / Property Specification
 
All apartments have sea views. Only 50m from the beach,  the building offer a good leisure area with swimming pool, restaurant, party salon, games room, parking space and security 24/7. Apartments with 2 bedrooms, living room, dining room, equipped kitchen and terrace: You have option to choose apartments with or without furniture package. The first building (in the left corner photo) is ready and the second one has the completion date  scheduled  for April 2009.

Property Deposits & Payments Terms


The payment plan is:

FIRST BUILDING:  MOVE-IN READY. APTS 102 AND 403 (Penthouse):

 

1000 Reservation Deposit

10% payment upon Contract Signing (less the Reservation Deposit)

90% upon completion / keys handover (time period negoatiable but usually 1-2 months after signing the contract)

 

SECOND BUILDING: COMPLETION FOR APRIL 2009. APTS 204; 205; 302; 304; 305 AND 404 (Penthouse)

  • Reservation Fee: 1000 GBP (Sterling)
  • Contract Signature: 30%
  • After 2 months of Signing Contract: 20%
  • Roofing: 20%
  • Keys: 30% (Ready 20xx)

Loans are available from the developer for which there will be a charge. Please enquire as to details/availability.


Associated Purchase Costs

In addition to the listed price for the investment, the following costs will apply to your purchase:

  • Stamp Duty Purchase Tax (or Registration tax) is around 3% of the purchase price (payable to the notary) 
  • Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
  • UK / Brazilian Lawyer (optional but recommended) 800+ Vat
  • Admin / Processing (includes all processing costs) NO CHARGE


Property Running Costs

Monthly Utility and other costs directly associated with this property are set out below:  (all are estimated and approximated)

  • Council Tax (per year) approx 1% of property price
  • Water (per month) included on condominium fee
  • Electric (per month) = BRL 65,00
  • Condo Fee (per year) = BRL 3.000


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

Ask about rental projections, each area is different and we can talk to you about the local tourist demand.  There is a mix of rental opportunity from long term contracts to short term holiday lets. 

In many areas, hotels are largely booked and the tourist vists to the cities are increasing year on year.

* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are 1 = R$2.25, 1 = R$2.75, $1 = R$1.78. To check the latest rate 'spot rate' with Bank of Brazil click here.

Consider using a Money Transfer Agent to Transfer Money To Brazil, offering better Exchange Rates than High Street Banks.

Prices displayed do not include other associated purchase costs such as Government Purchase Tax, Legal Costs, Admin and Furniture (unless stated).