This is without doubt one of the best developments we have had to market. 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%

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Development Features

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

 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.

A beach front development in Praia Goncalo, Miao, Cape Verde totalling 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.

COMMERCIAL: Marina development, Clubhouse, Bars, Kinder Garten & Community Centre, Fitness Centre, Restaurants, Hotel, Shops, and Supermarket and Public Amenities.


RESIDENTIAL: Circa 444 plots for luxury Villas, approximately 1,000 square metres each (circa a quarter of an acre). Each Villa is around 250 square metres each (circa 2,700 square foot). 115 Town Houses, each town house is approximately 180 square metres (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 metres are sold freehold with title deed and full planning permission for a 250 square metre Villa.

Townhouses and apartments will be sold off plan.


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


The Payment Structure

Pre launch refundable holding fee £1,000
Reservation fee due on launch € 5,000 (less £1,000 holding fee)
45 days following reservation € 58,750
2008 Infrastructure cost € 35,000
2009 – 24 equal payments of € 9,115 (Mortgage available subject to status)

 

The Overseas Property Solution is a trading style of Churchill Innovative Solutions
Churchill Innovative Solutions LTD, Suite H, The Innovation Centre, St Cross Business Park, Monks Brook, Newport, Isle of Wight, PO30 5WB, UK - Registered Company 05662075