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Overview

The Sun development is a fantastic off plan investment opportunity in Boavista offering entry at low prices and potential for substantial capital growth.

This development is in the capital of the island of Boa Vista, Sal Rei. It is in an ideal location situated along the road which leads to the Marine Club and to the front of Cabral beach.

Just 250 meters from the beach all the units boast of fantastic views of the beach and the ocean.

The building comprises of 8 one and two bedroom apartments with an open plan kitchen and lounge, a bathroom and spacious balconies. The ground floor apartments have their own separate entrances and private rear patios.

Those that invest at this development will be within a walking distance to the shops and amenities.

Estimated time to completion

Project should be complete by December 2008.

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.

Cost of Furnishing

Please be advised of the estimated costs involved in buying properties in Cape Verde. This is to give you an idea of what to expect.

Furnishing:

The Bathroom will be delivered fully fitted except for bathroom furniture. The apartment itself will not be furnished or have a kitchen.

Cost of Furnishing

if you purchase through the developer

• To furnish a Studio / 1 bed apartment will cost approximately 7000 - 10,000 euros.
• To furnish a 2 bed apartment will cost approximately 10,000 - 12,000 euros.
• To furnish a 3 bed apartment will cost approximately 12,000 - 15,000 euros.

The furniture market in Cape Verde is in its infancy but there are an increasing number of importers. The options will undoubtedly increase as time goes on.

Cost of Home Accessories: 400 euros (from the developer) This is in addition to the costs of the furniture and the kitchen. Bed sheets are not included and it is recommended that they are brought from Europe as the Chinese bedding that can be bought in Cape Verde is normally for queen size double beds only as opposed to the standard king size furniture that is purchased by the developer.

Air Conditioning

A Pre-built Air Conditioning system will cost 3000 euros. The developer will need to be informed well in advance, prior to completion if this is to be installed. Installing an Air Conditioning system post completion involves additional work and therefore would cost more.