Sun Towers, Natal, Brazil

Sun Towers, Natal, Brazil

Sun Towers is a Dubai style towers development of two bedroom apartments, each with its own allocated parking space, split over 3 towers within a gated community with a security entrance. Until recently this was sold solely to locals, where there is a real demand for these properties as it is an affordable holiday destination. All apartments above floor 10 have views towards the sea.

Location
Located in Natal City outskirts, just 2 km from the beach at Ponta Negra. Easy walking distance to shops, supermarkets, bars and restaurants. Ideally located for locals for long term rental, or holiday apartments lets.

Facilities

• 2 swimming pools
• Gymnasium
• Games room
• Party room
• Pool bar area
  

Investment Projections

• Fixed 5% rental guarantee signed for 5 years with a local property management company
• Short term rentals: High season 13 weeks 500€ per week, General: 250€ per week
• Capital growth is estimated to be 25-35% per annum
• Bank guarantees
• No mortgages available in Brazil, so cheap. Prices will go up as soon as expat mortgages are introduced.

Estimated completion

Tower A: delivery August 2008
Tower B: delivery February 2009
Tower C: delivery August 2009

Prices
Prices from €45,000 - €53,668
Current availability list available on request

Payment terms

• Reservation: €3,000
• 50% on private contract
• 30% by 10 June 2007
• 20% on completion

Key facts

• Prices from €45,000
• Completion 2008/2009
• Unit types 1-3 bed apartments

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