5* Hotel Garden Suite
Off plan Studio Hotel room available for sale - Bahia North East region of Brazil, Price £24,000, 50/60% BMV
A Hotel studio garden suite for sale within a 5 Star Hotel Spa large resort to be developed on a 17000 acre site in the Ilha de Tinhare, a pretty little island 60km south of Salvador. The property is a commercial property investment as part of the main resort and there will be comprehensive amenities available on-site including sports academies with Pat Cash sponsored Tennis, a Legends golf course, performing arts academy, a central Spa and numerous branded restaurants and bars on-site to suit the appetite or all tourists to Brazil and from within the mainland. The developer is a British based group and they have an established track record in this field having opened their first resort in the Eastern Caribbean to huge acclaim. Completion anticipated 2014/2106.
The opportunity exists to benefit from significant and achievable capital growth of c100% during the 5 year build phase, and then significant rental yields of c12-15% on an annual basis. Future large scale events including the World Cup being held in Brazil in 2014 and the Olympics in 2016 will really put Brazil on the map.
The island is considered to be one of the most desirable tropical destinations in the world and is the tenth most visited place in Brazil with beautiful beaches and calm, crystalline warm waters, Atlantic rainforest, mangroves, and coconut groves, that are home to a stunning array of flowers, colourful birds, monkeys, and marine life. The island home to a few small fishing villages, the largest of which is Morro de Sao Paulo pictures above with beautiful colonial architecture and historical monuments.