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Overview

Unit A, Block 1 has Sea Views!

This development has been our most successful project in the last 6 months. It seems to tick all the boxes as it is frontline with shared swimming pool. Block 1 is finished, Block 2 has passed the roof stage and work has started on Block 3.

Having sold out of all units a couple of months ago, we are now in a position to offer resale of completed units. These units on offer are fully furnished with a furniture pack and home accessories worth €10,000.

The development will be run as an apart hotel with restaurants and a bars in the central pool area. It therefore represents a real investment proposition for those who wish to generate good capital growth and an ongoing income stream.

The development is located near the village of Calhau on the east side of the island. This development is front line with the lovely beach of Calhau, right in front.

The development is 4 blocks of two floors with six 1 bedroom units in the ground floor and two 2 bedroom units in the first floor. The prices are much cheaper than Sal and represent a quality investment opportunity.

To the North of Calhau is Praia do Norte located between Calhau and Baia das Gatas. There is a new road planned between these two villages along this wonderful beach. This area should develop substantially in the coming years.

Those that invest in Sao Vicente will have access to Mindelo which is the cultural capital of Cape Verde. Mindelo has the arts, amenities and the night life that are envied throughout the country.

The development of Sao Vicente will be boosted by a new NATO base of 7,000 personnel that is to be placed on Santa Luzia which is a small island to the East. The Americans are helping with the development of the new International Airport in Sao Vicente to facilitate the new military base.

A Dubai based company had recently made the biggest investment in the history of Cape Verde purchasing 1.5 millions square metres of land in Sao Vicente.

Sao Vicente has a more advanced infrastructure than most of the other islands.

Estimated time to completion

Block 1 - Completed         Block 2 - December 2007

Payment Schedule

£2,000 Reservation Deposit.

The stage payments are as follows:

1. 15% at Contract minus the Reservation Deposit.
2. 20% at Start of works.
3. 35% at Roofing.
4. 25% at Flooring.
5. 5% at Keys.

The Developer

The developer is Italian and has been in CV for 10 years. He is a surveyor by profession. He has concentrated on a series of smaller developments. As he is established and has already built over 100 units in Santa Maria, Sal, he can offer very competitive prices and is our most sold developer in CV.