PIPA Resort: Tartaruga Residences (Launches 28th January 2012)

Construction work on our latest development project (Tartaruga Residenses ) in Pipa, Brazil commences on the 28th January 2012, This initial project in Pipa ( the first of many) will consist of 10 luxury holiday apartments set in beautiful peaceful surroundings

Proposal

We are offering a duplex villa of approximately 112 sq meters in a private development of 10 apartments. The price of the unit is UK pounds 100,000 to include all costs and furnishings. Each house will be fully furnished and will be completed by 30 April, 2012.

Upon completion the house value will be pounds 135,000 and have a rental income of approximately pounds 12,000 per year. It is intended to rent out the house for 6 months per year. There are 2 'High' rental periods in Pipa - the Brazilian High Season from 15 Dec through 1 March (ten weeks) and the European/American High Season from 15 June through 1 September (ten weeks). In addition there is a constant weekend demand throughout the year.

At current rents of pounds 70 per day, the house will yield 12 percent per annum on a cost price of pounds 100,000. In addition there will be about 5 months a year for the owner's personal use.

When completed (30 April 2012) the value of the house will be pounds 135,000. As property in Pipa has consistently increased at a rate of 10% per year, within five years the house will be worth in excess of pounds 200,000.

This is an ideal investment for someone wanting income, capital gain and a holiday home for personal use.