City Investment Apartments (49% ROI by 2013)
4 year rental guarantee: Designer apartments in Petrópolis, the “Mayfair” of Natal, most desirable area for Brazilian professionals - last units available
Following the massive successes of both Capim Macio Residencial and Sonhos do Mar, the Dr Geraldo Furtado project in Petrópolis, the most ambitious and best located project to date, is now almost sold out, owing to its ideal location and very low pricing.
A stunning luxury skyscraper of some 26 floors with just 4 units (55m2 or 99m2) per floor, this property overlooks Natal’s most trendy, designer and upmarket neighbourhood where the city’s lawyers, doctors and other wealthy élite gather to eat, drink and network amongst the stylish art-deco façades.
To work out why this location is quite so desirable, imagine you are in the most upmarket part of the city with earners in the highest income bracket but just:
- 50m from Natal’s main thoroughfare and 1km from the Via Costeira, direction Ponta Negra
- 400m from the enormous Nordestao hypermarket
- 1km to the stunning “Parque das Dunas” protected sea-front sand dunes
- 1.2 km to the beach (sea views from 9th floor and above!!)
- 2.5kms to Natal’s biggest and best shopping mall
- 4.5kms to the FIFA World Cup “Dunnas” Stadium – perfect for World Cup rentals or resale
- 5.5kms to the Federal University
- 14kms to the airport
Once onsite, residents will enjoy a range of high-end lifestyle facilities such as reception, pool with pool bar, barbeque, games room, sauna, laundry, 24 hour security, gated community, secure underground parking and staff quarters.
Furthermore, there will be stunning sea views from 9th floor and above, where the last 3 bed units are priced from just £89,000 (promotional discounts may apply -please ask).
Undercutting the market price by at least 20% and now with very limited availability due to record sales, this is the established area that everyone in Natal would live in if only they could afford to, and selling below market value means that now they can.
With the new availability of affordable mortgages for Brazilians they are buying in unprecedented numbers and Petrópolis remains their number one choice, practically guaranteeing a quick and profitable resale for owners.
To make this proposition even more exiting for investors who wish to cash in on the booming local market in Natal, payment is spread until January 2013, with the properties worth significantly more by completion.
Using a conservative estimate of 10% capital appreciation per year plus the 18% below market value you would enjoy an expected 49% ROI during the construction phase alone. Furthermore, 2013 is very close to the World Cup and the opening of South America’s largest airport in Natal, when international interest will be reaching a peak.
Once the development completes and goes on local market launch in 2013 we expect all units put up for resale to sell within weeks, as per all other projects in this area.
Should you choose to hang on rent your unit out, the developer, as ever, will fully furnish the property including split air-con, high-speed internet and phone system at a very competitive price. Choose from full rental management with an estimated 10% NET rental return per year, or take up the developer’s 6% a year rental guarantee, paid in advance every 6 months.
It is almost impossible to find a surer investment on the market today than Petrópolis. Please contact us for more information or to reserve now.
