Cape Verde

In detail

Sal, Cape Verde is striving on as THE overseas property investment hot spot. The small archipelago of just 11 islands have been at the forefront of emerging holiday and investment destinations over the past couple of years and with this, Fresh Invest have great pleasure in bringing the latest offering from The Resort Group plc to market!

THE DEVELOPMENT:

Llana Beach Hotel will once again fuse the sun seekers of the world with those looking for pure investment returns in property.  Located on the island of Sal in Cape Verde, Llana Beach Hotel will benefit from all the local area has to offer, from the stunning pearlescent beaches of ponta preta which this development fronts to the quaint town of Santa Maria, just 2 km from this exciting new resort.

As The Resort Group’s third development on the island of Sal, Llana will also get to benefit from facilities spread across all three 5 star developments run by the renowned Hotel and Resort operators, Sol Melia.

Llana Beach Hotel is a development of 601 hotel suites in total, with a choice of Deluxe suites, Garden Duplex suites, Beachfront Suites, Swim-up suites.

There really will be something for everyone at this 5* development.

Facilities for the Llana Beach Hotel will include:

• Unmatched swimming pool area throughout the Hotel grounds
• Top class Melia Yhi Spa for the ultimate relaxation experience
• Family areas including ‘kids pools’
• A vast array of restaurants and bars
• A sophisticated nightclub
• Fully equipped conference centre
• State of the art gymnasium
• Pool bars spread throughout the grounds
• Beautiful beach bar to watch the sunset!

THE OPPORTUNITY:

Llana Beach Hotel offers purchasers the chance to own overseas property in a fantastic emerging location, whilst benefiting from the high rental returns that come with a top hotel operator.

Nestled on the West Coast of Sal in Cape Verde, Llana Beach Hotel is in the perfect location to capitalise on this island’s sterling reputation as one of the best investment locations anywhere in the world. The island benefits from 360 days of sunshine per year on average and sits on the same latitude as Barbados.

Sal in Cape Verde has already experienced very strong growth over the past few years with a tourism market that is booming and very high occupancy rates in hotels and resorts across the island. Lonely Planet recently voted Cape Verde as the number 3 must visit destination for 2011!

Llana Beach hotel does not just offer a high returning investment opportunity; it offers a secure investment opportunity. The developers of the hotel have already completed one development on Sal – Tortuga Beach Resort and they are in the process of building their second development – Dunas Beach Resort, right now!

PRICES:

The prices for each suite are outlined below:

Deluxe suite – €139,950 - €169,950 or 50/50 ownership (€69,975 - €84,975)

Deluxe swim-up - €179,950 - €184,950 or 50/50 ownership (€89,975 - €92,475)

Premium suite - €189,950 - €199,950or 50/50 ownership (€94,975 - €99,975)

Premium swim-up - €209,950or 50/50 ownership (€104,975)

Premium beachfront ground floor - €214,950or 50/50 ownership (€107,475)

Premium beachfront top floor - €209,950or 50/50 ownership (€104,975)

Duplex 1 bed - €184,950 - €214,950or 50/50 ownership (€92,475 - €107,475)

Duplex 2 bed - €249,950or 50/50 ownership (€124,975)
 
FINANCIAL EXAMPLE:

Payment option 1 – Deluxe Suite - €139,950

• €2,000 reservation fee,
• 45% deposit @ €1.2 - £1 = £52,481.25
• 3% interest paid for 3 years - £4,723.31
• 55% completion balance @ spot rate* = £69,975
• Total net purchasing price £117,732.94
• Net owner income @ 70% occupancy - €12,253 pa – 9.36% yield
• Net owner income @ 80% occupancy - €14,260 pa – 10.89% yield
• Net owner income @ 90% occupancy - €16,268 pa – 12.42% yield