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Penthouse in Ipanema for sale

Apartment in Ipanema, Rio (the city), Rio De Janeiro

£1,381,818 / $2,134,831 / €1,688,889 / R$3,800,000

3 Bedrooms
2 Bathrooms

Ref: rio-ra2005



General Summary

  • 5 Mins Walk to beach
  • 30 to 45 Mins Drive to Rio De Janerio International Airport
  • 5 to 30 Mins Drive from Rio Olympics site
  • Next to Local Beach Restaurants
  • Nearest Town Centre approx 20 Mins drive


The Development / Communal Building Offers:
 

  • 1 Parking
  • Communal Area maintained for you


The Property Offers: 

  • Property Size 230sqm
  • 3 Bedrooms
  • 2 Bathrooms
  • 2 Living Room
  • 1 Kitchen
  • 1 Terrace


Property / Investment in Rio Overview - Penthouse in Ipanema for sale. (ref: rio-ra2005)

Beautiful penthouse 1 block from Ipanema beach.

Totally reformed penthouse, with approximately 230m≤, composed of 3 bedrooms, one of which is a large suite with a small room that can be a closet or an office. Nice living room integrated to an adorable terrace, lovely dinning room with 2 environments, designed kitchen, service area and maidís bedroom and bathroom. This fine property has 1 private lift, 1 parking space and 24-hours doorman.


Monthly condo fee: R$1.200,00


Property Location & Area within Rio de Janeiro

 

Ipanema together with Leblon is the most exclusive areas in Rio!


 

Build / Property Specification
 
Please ask any questions you may have and we will foward them to the owner / broker directly in Rio.  We are located on the ground in Rio de Janeiro, so can have a face to face meeting with relevant parties and owners if required.

 

 


Property Deposits & Payments Terms

A deposit would be required to secure the property, this is usually a standard from 10% to 20% in Rio de Janeiro of the property price. We would advise that a lawyer is introduced to the transaction at an early stage as its important to know the documents are all in order before paying the deposit.  We can recommend various neutral Brazilian Lawyers in Rio (and in UK or USA if required).

 

The final payment will be required within 30 days maximum of the deposit payment.  Should you wish to extend the payments slightly, then it may be possible to negotiate with the seller / owner a stage payment plan.




Associated Purchase Costs

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

 
  • Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
  • UK / Brazilian Lawyer (optional but recommended) - good lawyer around 1% of property price.
  • Admin / Processing (includes all processing costs) £400 (see below)
  • Deed and registring the deed costs is about R$ 2000
  • In some cases there are can be additional tax on purchases, this will be advised by our local Broker. 

Admin / Processing:  We charge a fee when you decide to proceed with a property.  Before you progress with the purchase or pay a deposit, it is important to see the contract and have it transalated in English.  The 'Admin / Processing' fee is to pay for transalation services, contract raising and other legal document collecting which may be required.  A lawyer can then be introduced and the 10 or 20% deposit paid accordingly.  If you would rather just pay the deposit and await for the lawyers to check the title, then this fee can be waived / not charged.

 

 


Rio Property Running Costs

Monthly Utility and other costs directly associated with this property in Rio de Janeiro can be obtained upon request.

 

Below is a list of utility costs.

  • Council Tax (per year) approx 1% of property price
  • Water
  • Electric
  • Monthly condo fee: R$1.200,00


When buying a property in Rio de Janeiro, Brazil 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 in Rio de Janeiro

We can introduce you to a reliable company in Rio de Janeiro to manage your property (if you so require).  We can also help with estimates of rental projections.  The 2016 Olympics in Rio, increasing tourism and Oil discoveries will ensure the economy in Rio for renting / letting remains strong.

 

* 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 Ä1 = 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).