Cosmopolitan Residencial

Natal city centre investment. A low risk opportunity based on a local shortage of middle class housing and the sustainable growth of the Brazilian residential market for rentals and re-sales.

Cosmopolitan Residencial Overview

IPIN's first Natal city centre opportunity, with 100 units reserved for the European market.

The Investment

• Low risk investment due to the sustainable growth of the Brazilian residential property market
• Estimated capital growth of 20%  per annum
  
• Estimated rental yields of 10% per annum
• Simple and secure buying process
• Units are 100% freehold
• Located in one of the most promising emerging markets, and in the popular Tirol neighbourhood of Natal city centre
• Property valuations in the neighbourhood have increased from an average of 500 BRL per m2 in 2003 to 2,500 BRL per m2 in 2007
• A developing middle-class and increased access to finance has pushed prices up
• The domestic mortgage market is expected to increase 600% by 2014 
• With a high demand, fast growing middle-class economy and already over 1 million inhabitants, a clear primary market from amongst Natals locals is already in place for this type of investment

The Exit Strategies

The Cosmopolitan Residencial development offers an ideal long or short term investment opportunity

• Strong resale potential to the local market who are now able to finance purchases for up to 20 years
• The local area offers a healthy buy-to-let market, with a steady supply of long and short term tenants, and realistic rental returns of around 10% per annum 
• Banco Santander claims there is a shortage of 8 million housing units for Brazil’s fast-expanding middle-class

The Security

As part of IPIN's due diligence process, this project has undergone initial legal searches by an independent law firm.

• The building license has been issued
• The proposed draft of the Private Purchase Contract has been examined and certified to conform with all necessary legal requirements
• Company registration documents have been verified
• Land title confirmation has been obtained

The Developer

The developer is a Spanish funded company, formed to create lifestyle projects in the Natal area of north eastern Brazil. The developer works in partnership with a company that already has 11 years experience creating residential buildings in the Tirol neighbourhood of Natal, and they have received awards for high quality standards of delivery. The project's partners have previously released projects such as:

• Residencial Milenium
• Almerio de Paiva
• Classic Residence
  

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Further Details

This modern landmark development is located in the Tirol neighbourhood of Natal city.

The Facilities

• Allocated underground parking
• Swimming pool
• Barbecue area
• Gym
• Wifi
• Panoramic lift

The Units

• 29 floors
• 5 apartments per floor
• 2 bed apartments
• 1 bed penthouse apartments
  
• 290 units in total
• 3 types of apartments in the development:
• 168 ‘Type A’ 55m2 apartments (84 in the North Tower and 84 in the South tower)
• 116 ‘Type B’ 53m2 apartments (58 in the North Tower and 58 in the South tower)
• 6 ‘Type C’ 109m2 penthouses (3 in the North Tower and 3 in the South tower)
• Individual terraces
• Breathtaking sea views available

The Rental Potential

The development offers sound rental potential within one of the most exclusive neighbourhoods of Natal city.

Due to increased buying power amongst the population of Brazil, this local area is experiencing an extreme shortage of housing units.

• The area's well-developed infrastructure allows the highest possible rental yields 
• There is a high demand for 2 bedroom apartments from the local Brazilian market

LONG TERM

• Up to 10% gross income on the value of the property  
• Until recently only fully furnished hotel rooms were available, making the rental market a new concept  
• 3 month contracts are the norm

SHORT TERM

• 30 weeks occupancy per annum is a realistic target  
• Option used by many locals with business commitments in the cities  
• Also used by foreign and national holidaymakers  
• Length of stay can be extended up to 2 months 
• Higher yields can be obtained, although occupancy rates are often lower  
• Allows owners time to spend in their property for their own holidays

This rental information has been provided by Brazil Overseas Property, an independent company who has successfully been managing property rentals in Brazil

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