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Overview

The Salinas Resort, beach front, Santa Maria beach, Sal. This development serves to provide the perfect investment opportunity. A 600 room Apart-Hotel in one absolutely prime location, directly on the Santa Maria beach and next to the old town and pier. The complex will include commercial area and a luxury spa as well.

About the Salinas Resort: Located on Santa Maria beach next to the Morabeza and the Belorizonte hotels. Build is planned in two developments – SalinaSea (beachfront) and SalinaSand (directly behind SalinaSea, a road intersects the two).

SalinaSea = 244 apartments across 2 levels of which 56 are 1bed and 188 are studios (clients have the option of buying more than one studio together to create an apartment with more rooms).

SalinaSand = 352 apartments across 3 levels. The front of the building (located immediately above the commercial centre) are reserved for normal apartments, the remaining apartments have the option of the guaranteed rental return. A luxury spa will also be located in SalinaSand.

Estimated time to completion

Summer 2009

Payment Schedule

There are 4 payment options to help you split your payments in a manner that suits you with options to obtain up to a 4.5% discount. Conditions for the Apart-Hotel:

• There is a 10 year contract renewable which guarantees 5% return on your property price for the first 3 years and the potential of 7.5 to 8% for the remaining 7 years.
• Clients are entitled to use their apartment for 4 weeks per year with the option of more at reduced cost.

Payment plans to suit

Option 1 - 20% of purchase price in five staged payments

Option 2 – 50% with contract and 50% on completion – 1.5% discount on purchase price

Option 3 – 80% with contract and 20% on completion – 3.0% discount on purchase price

Option 4 - 100% with contract – 4.5% discount on purchase price