1 Bed Apartment For Sale in Boa Vista Cape-Verde | PA53-AZU2MXW

Creola Sands with guaranteed rental of 5 per cent

Price: £67,000

Location: Boa Vista, Boa Vista, Cape-Verde

Property Type: Apartment

Number of Beds: 1

Swimming Pool: No

Listing Type: Off Plan

Property Reference: PA53-AZU2MXW

Creola Sands with guaranteed rental of 5 per cent

The Brief

Located on a sea and beachfront site at Cabral Beach, Boavista; Creola Sands combines the tranquillity of its natural surroundings with a prime location of Sun, Sand and Sea. Comprising of 286 units, studios, 1 2 and 3 bedroom apartments and duplexes, this high quality complex offers the exclusiveness of a holiday and residential complex as well as a fantastic investment opportunity.

The Property in Brief:

• Fully equipped holiday resort development
• All leisure/relaxation facilities and amenities on-site
• All mod-cons including telephone points
• Fitted kitchens and bathrooms
• All units have private sun-terraces

The Property in more Detail:

This spectacular complex is complete with excellent facilities, you can enjoy two outdoor swimming pools, a superb restaurant, bars and entertainment areas, a gym and a medical facilities as well as an internet cafe and a gourmet supermarket Terraces overlook the attractive gardens and children's park and entertainment area.

The apartments themselves are contemporary, fitted with all mod-cons and finished to the highest standard. As well as the basics like electricity with approved fittings, all have air-conditioning and laminate flooring. All apartments have fitted kitchens and bathrooms and private sun-terraces finished with ceramic tiles.

The Opportunity in Brief:

• 5% guaranteed rental yield first two years
• Greater rental yields anticipated after two years
• 6-15% anticipated capital growth on completion

The Opportunity in more Detail:

Cape Verde has recently been hailed as the next big thing in property investment. But in reality it sprang onto the overseas property investment stage late 2006 - early 2007, and property values have been growing rapidly ever since. In early 2007 you could buy a studio apartment in a similar development for under £20,000, and that shows the pace of growth Cape Verde has seen. The fact that an off plan development like Creola Sands is being marketed at this price proves that Cape Verde property is still selling, and continued sales means continued growth.

Immediate growth on completion is anticipated at 6-10% based on the current price of similar completed apartments on Boa Vista being sold for 6% more, and factoring for a likely 9%+ growth between now and completion in December 2010. Annual growth after completion is expected to be 15%, because the global recovery should be well under way by then.

The properties come with a 5% guaranteed yield for the first two years, and as Cape Verde is growing in popularity as a tourist destination, yields are expected to be more than 5% after 2 years.

Key Features

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