Exclusive Hotel Investment Opportunity
56 Junior Suites - 4 Master Suites - 2 Presidential Suites
Just 62 Junior, Master and Presidential Hotel Suites in Sal Islands first Five Star Hotel.
PROMOTION PRICES FROM £91,952 ! (41% Discount)
* First European 5-Star rated operation on Sal Island
* Fully managed hotel scheme by Sol Melia Group
* Beach Front Location
* Low Density development
* Easy Access – regular flights from UK
* High Levels of Occupancy
* 50/50 Room Rate Share
* Income Yields 9.4% plus
* Discounts of either 5% or 15%
* 6% interest paid on deposit until completion*
* Fixed €1.25 to £1.00 exchange rate on deposit*
* Fully Furnished to Hotel Excellence Standard
* Fully Air Conditioned
* Free Legal Services
* “SIPPable” investment
Why should you Invest?
The Cape Verde government has set the development of its tourism sector as its key priority. Though tiny in area, the islands attract visitors with the year- round good weather, which is kept to a manageable temperature in the height of summer by cooling Atlantic breezes.
According to the government’s tourism department, the number of tourist arrivals are increasing at an annual rate of 22% and projections suggest that by 2015, around one million tourists will be visiting the islands every year (National Statistics Institute, 2008).
Property prices are still being pushed forward as demand far outstrips supply. Premium projects will command a higher return, therefore capital investors should feel confident in their decision.
Research by Savills shows that the island average occupancy ratio is 80%. The only established “brand” hotel (Rui) is a 4* chain and has had an occupancy ration of over 90% for the past two years. The base rack rate at this hotel in 2008 for a standard room was €130 per night.
The Dunas 5* Hotel Suites will attract a far higher room rate and will be prioritised by the Hotel Operator. Therefore the potential 50/50 net room rate share will be extremely attractive for long tem income investors.
The Sol Melia Group has over 300 hotels in 30 countries and achieves an average occupancy rate over 80%. It’s European client base and recognised brand makes it an ideal partner for this development.
The developer and land are unencumbered and all titles are freehold under Cape Verdian law.
A financial package is already in place for any final mortgage requirements of clients. BANIF bank will lend up to 70% of the completed property valuation.
All suites will be furnished to meet the exacting standards of the 5* Hotel Operator. All of the suites are on the first or second floor of the hotel (which only has three floors) and have either sea or garden views. The size and price of the suites are as follows:
PROMOTION PRICES FROM €95,000 !
Invest Directly or via SIPP
All of the above suites are eligible for purchase either as a direct investment or via an appropriate SIPP.
The opportunity to purchase with your pension funds makes this even more exciting. We have arranged a low cost package with a leading SIPP provider to allow your pension to benefit from the potential capital growth and rental income.
Beautiful White Sandy Beachfront Location - Year Round Sunshine – Year round temperatures between 22-30C - No Low Season – No Rainy Season – Easy Access Flights from UK – Booming Tourism Destination – Carefully Controlled Developments – Environmental and Strict Building Controls - Luxury 5 Star Hotel – Beautifully Landscaped Gardens – Restaurants – Wine Bar – Piano Bar – Pool Bars – Luxury Spa – State of the art Gymnasium & Sports Facilities – Ernie Els Golf Course & Academy – Forthcoming Luxury Marina – Big Game Fishing - Short Walk from the town of Santa Maria – 20 Minutes from International Airport
EMAIL OR CALL FOR MORE INFORMATION ON THIS EXCLUSIVE INVESTMENT OPPORTUNITY
|Junior Suite A|
12 Junior A Suites
37.5 m2 + 20 m2 Terrace
List Price €149,950
|Junior Suite B|
22 Junior Suite B
37.5 m2 + 10 m2 Terrace
List Price €149,950
|Junior Suite C|
22 Junior Suite C
37.5 m2 + 42 m2 Terrace
List price €149,950
Only 4 Master Suites
77 m2 + 25 m2 Terrace
List Price €184,950
Only 2 Presidential Suites
101 m2 + 50 m2 Terrace
List Price €249,950