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Cumbuco: Beachfront Condos ready to move in

Apartment in Cumbuco (25km from Fortaleza), Fortaleza, Ceara

£130,909 / $202,247 / €160,000 / R$360,000

2 Bedrooms
2 Bathrooms

Ref: PBCE727

General Summary

  • Directly on the beach. High-end finishing.
  • 40 minute Drive to International Airport
  • Walking Distance to Local Beach Restaurants
  • 30 minute Drive to Fortaleza City Centre
  • Designed by Fortaleza’s most famous architect, Luis Fiuza.

 

The Development / Communal Building Offers:

  • Amazing communal Swimming Pool Park.
  • Cable TV
  • Spacious Parking Area
  • Barbecue Area
  • Sport court
  • Uniformed Guards and state of the art infrared security system
  • Communal Area is maintained for you


The Property Offers:

  • Property size 85sqm (standard) and 140sqm (penthouse apartment)
  • 2 bedrooms
  • Huge living room and amazing balcony
  • Open kitchen area.
  • Only best material used, such as eucalyptus wood.



Property Overview – Picturesque Beachfront Condos (PBCE727)

Beautiful luxury beachfront condos in the center of Cumbuco. Construction completed in April 2009.  The 85sqm apartments have two bedrooms, expansive water area, wet bar, 24 hour security, walking distance to restaurants, next to kite surf school, nearby hotel with conference and fitness facilities. Top floor apartment have 140sqm with huge in and outdoor balcony. Only a 5 minute drive to luxury golf resort being built and a 30 minute drive to the city of Fortaleza.



Property Location & Area

The 44 condos are located 100% beachfront on a huge, 10’000 sqm land with fantastic spectauclar garden and swimming pool park. It is only a 3 minute walk to the Cumbuco village square, where all bars and restaurants are located.

About Cumbuco: Cumbuco is a beautiful, small beach village located only 30 minutes from the international airport “Pinto Martins” in Fortaleza. The small heavenly oasis is known for its spectacular sand dunes and amazing beaches. After this small paradise was discovered by the tourists, many of them settled down and opened bars and restaurants and Cumbuco’s great nightlife started. National as well as international investors improved the infrastructure and started big developments, such as the Vila Galé 27-holes golf and holiday resort. The main season from June till February with 100 % wind guarantee, attracts kite-surfers from all over the world, but also non-surfers can enjoy this beautiful place by horseback riding along the beach, buggy tours to the amazing sand dunes, lagoons and beautiful mountain area just 2 hour drive from Cumbuco, or by drinking an ice-cold beer in one of the charming bars. All in all, Cumbuco is the perfect place to be if you’re looking for a little paradise to relax and enjoy life.

Furniture
 
As is often common in Brazil, the property is being sold without basic furniture so it will be necessary to fit items such as Kitchen Units, Light fittings, Shower Screens etc. 

We can assist in providing optional furniture packs at competitive rates. Quotations can be supplied on an individual basis as this will depend on the quality of furniture required and the actual size of the property to be furnished. Ione Fiuza, famous interior designer could also assist you.

We can supply complete furniture packs for this property starting from EUR 4’000.



Property Deposits & Payments Terms

Common practice in Brazil is a 10% down payment and a rest payment of 90% within 30 days. Prices start at BRL 285’000.




Associated Purchase Costs

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

  • Stamp Duty Tax (or Registration tax) is around 2 to 3% of the purchase price (payable to the notary).
  • Property Transfer Tax (ITBI) of 2% of the property value (payable at the City Hall).



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 0.5% of property value.
  • Electricity & Gas (per month) = BRL 80.00
  • Condo Fee (per month) = approx. EUR 190.00 (includes 24 hour security, gardener service, pool and communal area maintenance, hot and cold water).



Rental / Yield Potential

The Condominium is managed in a professional manner and Cumbuco is world-famous for the best kite surfing on the planet. We foresee high occupation rate and rental during the June and January, when Cumbuco is taken over by kite-surfers from all over the world. Yearly rental return is expected to be 6% to 10%. Cumbuco is ready to take off !

 

* 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).