Palm Beach Phase I

Exclusive to IPIN Members: A low density phase of 2 bedroom apartments, complete with full furniture packages, frontline to the beach and only 207,000BRL (approx 81,000 EUR).

Palm Beach Phase I Overview

This Brazilian development provides incredible value for money, an all round investment package and is set in a privileged location. Cash buyers may also enjoy a 5% discount for settling payments up front!

• A development phase of only 36 units, of which IPIN has exclusively secured 23 for its members
• The first phase of a grand resort project, meaning the best units are available in the best situation
• Prime beachfront location
• Excellent price per m2 at only approximately 741 GBP
• All units come fully furnished with fitted kitchens
• Only 45 minutes from Fortaleza city and the international airport

With this great value in mind and the relatively limited number of units available, IPIN predicts that this investment will move very quickly.

THE INVESTMENT

The area, in which Palm Beach is located, already attracts great demand from both domestic and international tourists throughout the year.

• Fortaleza is now renowned as an international tourist and property investment hotspot
• The eco-friendly nature of the area is of major appeal
• Touristic demand for Ceara has been increasing noticeably from 1996 to date, growing at an average of 8.8% a year
• Infraero, Brazil's public company that manages 97% of the country's airports has seen extremely high increases in international flight passengers arriving to Fortaleza
• Further government expenditure is being devoted to marketing and, within the first quarter of 2008, Ceara is to be represented in no less than five international tourism fairs
  
• This plan is expected to build further awareness of Ceara as an outstanding place in which to conduct business, visit or live
• As the region  is a growing holiday property investment location and already a popular tourist destination for both the international and domestic market, it results in being an ideal rental investment opportunity
• Those who chose to rent, stay an average of 29.5 days, while some 96% of tourists return to Brazil
• Currently two bedroom apartments in Ceara average at around 30 euros per night

Factors such as these prove highly attractive for those looking for the most effective location for their investment, and with the addition of the planned Golf Course and Spa, this demand will continue to grow among investors and tourists alike.

THE SECURITY

Our recommended legal team for this project has carried out an independent 'Due Diligence Report' on this development.  They are completely satisfied with the project after carrying out searches on the following;

• The company registration documentation
• Title and ownership
• The Private Purchase Contract
• Planning and administrative permits
• Building permits
  

THE DEVELOPER

Maggie Leigh Negócios Imobiliários Ltda.

• The developer is a Brazilian corporation
• The company was formed in Fortaleza in 2006
• Maggie Leigh is a property development firm specializing in the creation of luxury beach properties along the coast in NE Brazil
• Their current construction portfolio includes five (5) projects and over two hundred (200) mostly front line beach units in Brazil
• Each of the partners bring a background of successful entrepreneurship to this company
  

If you are not an IPIN member, please join now for free!

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Further Details

The Palm Beach development will have 3 phases in total, offering 250 high-quality residences, located on a dream-like tropical white sandy beach.

Phase I consists of 36 two bedroom apartments.  Each building will comprise three levels containing 6 units and all are to be the only frontline apartments in the entire completed development.

Every unit will be fully furnished with one parking space per unit.

THE FACILITIES

•     2 communal swimming pools
•     Beach bars and restaurants within walking distance
•     Local beach offering range of water sports and beach volley ball
•     Secure private parking for each unit
•     Athletic court to be used for soccer/football, volleyball, etc.

THE UNITS

• 36 2 bedroom apartments in 6 blocks containing 6 apartments each of 80m2. All units have balconies overlooking the ocean.
  

THE FURNITURE

The apartments are delivered completely furnished and complete with the following contents:

Kitchen

•     Refrigerator
•     Oven with 4 burners
•     Sink and mixing tap
•     Microwave oven

Full Crockery Package, including:

•     1 toaster
•     1 coffee machine
•     1 draining board
•     Set of stainless steel cutlery
•     Complete set of plates, bowls, cups and saucers
•     Table glasses
•     Wine glasses
•     Mugs
•     Iron and ironing board
•     Set of pots and pans
•     Dustpan and brush
•     Rubbish bin
•     Vase
•     Corkscrew

Living Room

•     Sofa
•     Side table
•     Lamp
•     Coffee table
•     2 side chairs
•     TV with TV shelf

Master Bedroom

•     Queen size bed
•     2 side tables
•     2 lamps
•     Wardrobe

Second Bedroom

•     2 twin beds
•     2 side tables
•     2 lamps
•     Wardrobe

Linen

•     4 pillows and 4 pillow cases
•     Mattress covers for all beds
•     Duvet for each bed
•     Set of sheets for each bed
•     Additional blanket
•     8 bath towels
•     8 hand towels
•     Coat hangers in each wardrobe

Additional items provided:

•     Ceiling lights
•     Bathroom Mirrors
•     Complete and fully fitted bathrooms

THE BUILD SPECIFICATIONS

    Structure

•       Concrete

    Terraces and pavements

•       Ceramic

    Exterior

•       Façade in textured concrete and local natural Brazilian hardwoods.  Roof of piçava leaf
•       Internal street of concrete block.

    Interior

•       Top quality ceramic tiling throughout.  Latex paint on the walls and fitted wardrobes in each bedroom

    Kitchen

•       Furnished and Equipped:  fridge, gas cook top, oven, and granite countertops

    Plumbing and Bathroom Fittings

•       Top Quality Fittings.  Shower with Tub in master bedroom and shower in second bedroom

    Painting and Plaster

•       Smooth Latex Paint

    Installations

•     Air Conditioning
•     Electricity/TV
•     There will be TV outlets in each room

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If you are an existing IPIN member please login now to view a full investor report.

If you are not registered as an IPIN member, in order to view further details about this outstanding investment opportunity you should register for free to become an IPIN Member.

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• Dedicated Investment Support Team
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