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Overview

A beach front development in Praia Goncalo, Miao, Cape Verde totaling 103 hectares has been purchased for development. This project is guaranteed to be superior by the Government directive that a maximum of only 15.5% of total land coverage can be used for development and will include the construction of a new Marina and all necessary facilities for a self contained holiday complex.

Development Features

• Beach frontage
• Quiet desirable location
• New marina planned
• Freehold ownership
• 1,000 sqm plot size
• 4 bedroom villas
• Townhouses and apartments

Description

This development will offer something for everyone. With Beach frontage, new marina and at a highly competitive price structure, this is your chance to potentially own your own bit of paradise. This development is structured to enable you to maximise your investment. You will initially purchase your plot and then will make a second further payment for the infrastructure and final payment structured over twelve months for the construction of your luxury villa. Constructors finance will be available for your villa up to 100%

Key Facts

• Individual Freehold Plots
• 4 bedroom villas
• Townhouses and apartments
• Beachfront location
• Payment in stages
• Low initial investment
• Finance for 100% of build cost
• Excellent potential returns

Location

The Cape Verde Islands are part of the Macaronesia, a grouping of four Atlantic archipelagos, which also include Portugal’s Azores, Madeira Islands and Spain’s Canary Islands. The Islands are located off the West coast of Africa in the same line and latitude as Barbados, allowing summer weather all year round boasting an average temperature of around 25 degrees along with 10 - 12 hours of sunshine daily.

Commercial

Marina development, Clubhouse, Bars, Kindergarten & Community Centre, Fitness Centre, Restaurants, Hotel, Shops, and Supermarket and Public Amenities.

Residential

Circa 444 plots for luxury Villas, approximately 1,000 square meters each (circa a quarter of an acre). Each Villa is around 250 square meters each (circa 2,700 square foot). 115 Town Houses, each town house is approximately 180 square meters (circa 1,937 square foot).

Sales distribution will be in the UK, Eire, Spain and the Canary Islands Plot prices will range from € 63,750 upwards

Plots of circa 1000 square meters are sold freehold with title deed and full planning permission for a 250 square meter Villa.

 Townhouses and apartments will be sold off plan.

Plot Prices to rise on the full launch date which is scheduled for the 31st March 2007

The Buying Process

Example based on 75,000 euro premium plot with a pre launch discount of 15%= 63,750 euros:

2007 Plot cost without infrastructure € 75,000

2008 Infrastructure cost € 35,000 2009

Build Cost at 875 euro sqm € 218,750

Total cost of Villa (excl. pool) € 317,500

2011 Estimated value € 850,000

Estimated Profit € 532,500

Estimated time to completion

2011

Payment Schedule

Pre launch refundable holding fee £ 1,000

Reservation fee due on launch € 5,000 (less £1,000 holding fee)

(Due March 2007 & non-refundable)

45 days following reservation € 58,750

2008 Infrastructure cost € 35,000

2009 – 24 equal payments of € 9,115 (Mortgage available subject to status)