Pronta Preta - Sal Apartment Available - Ref 976158

Tortuga Beach Resort & Spa is ideally located on the flourishing paradise island of Sal, Cape Verde. It will be the Islands first European standard 5-Star resort, and will meet the increasing on-island demand for a high quality Cape Verde Property accommodation.

Tortuga Beach Resort and Spa is a stunning 5-Star development of the highest quality set right on the prime white sands of Pronta Preta Beach in Sal.

An exclusive development, and finished to the highest quality. Tortuga Beach Resort and Spa delivers premium accommodation to meet the growing on-island demand. In addition to a wonderful range of luxurious facilities throughout.

And all this will be managed by the world leading resort hotelier - Sol Melia, under their 5-Star Resort brand Melia.

With a turnover in excess of €1 billion, 2 million registered customers and 4.5 million hits per month on their online network, they have the necessary global market presence to ensure the most successful resort operation possible and the quality of brand that will deliver and unforgettable guest experience.

Tortuga Beach Resort and Spa are currently offering a limited number of 2 Bedroom Apartments, including furniture for only €150,000 each.

These luxurious 2 bedroom apartments will be finished to the highest of standards, with premium branded appliances, stylish furnishings throughout and all the extra touches you would expect from a 5-star Resort Property.

The apartments will cover a floor space of 72.98m2 and Terrace will cover 15.22m2.

All will be available in Spring 2011.

The payment offer currently running on these apartments is as follows:

Pay 100% deposit as development is now complete.

With this payment option you will receive a Guaranteed Return of 10% for the first 12 months (provided you join the Rental Scheme) and a Free Hotel Excellence Furniture package.

Please refer to table for details :

Tortuga Beach Resort and Spa opens May 15th 2011. The finishing touches are being applied to the hotel and bookings are already being taken.

The Global Sales and Marketing strength of Sol Melia has already delivered bookings for holidays next year despite the Resort not yet being operational.

That means we have absolute confidence in the level of returns investors will receive. Such is our confidence in fact that we are now offering a 10% guaranteed return for 12 months

Tortuga Beach Resort and Spa offers investors the chance to buy into a highly prestigious and unique resort, in one of the most beautiful and sought after locations in the world with potentially great rental income:

RENTAL PROJECTIONS EXAMPLE – 2 BED APARTMENT

LIST PRICE

€150,000

Net Room Rate

€150

€150

€150

Occupancy %

68%

80%

95%

Occupancy Days

248.20

292.00

346.75

Gross Annual Revenue

€37,230

€43,800

€52,013

50% Owner Share

€18,615

€21,900

€20,006

Less Community Fee

€1,200

€1,200

€1,200

ANNUAL NET INCOME

€17,415

€20,700

€24,806

PROJECT YIELD List Price

11.6%

13.8%

16.5%

This is a fantastic new opportunity allowing clients to invest in a property without buying outright and is available to both Cash and Sipp clients.

• Cash Investments available from £10,000

• SIPP Investments available from £21,000

A variety of fractional investments are available as you can invest into anything from a quarter to a twentieth, depending on the size of your budget. in total there are more than 40 different investment levels to choose from.

• 3% return paid during construction*


• Share of rental income


• Share of capital growth


• No closing costs


• No mortgage required


• Supported by signed Hotel Operator

*3% interest is paid on the full fraction price for a maximum period of 36 months or completion of the property, whichever occurs first.

Set right on the beach, investors will benefit from the unique year round tropical climate and direct flights just 5 and half hours away from the U.K. The islands have a growing economy, with billions being invested in tourism and infrastructure development, and as the most popular island to visit, Sal is at the heart of this exciting growth.

As the tourism demand continues to rise, more and more visitors are looking for high quality accommodation to fully experience and indulge in this flourishing paradise and 2011 will see the completion of this outstanding resort that is, Tortuga Beach Resort and Spa.

We are delighted to make available Inspiration Tours to Cape Verde. Flying to the International Airport on the Island of Sal you will be able to view some of the best beaches in the world, the site where Tortuga Beach Resort and Spa will be situated, the surrounding area and a chance to sample the lifestyle of this up and coming piece of paradise. The tour itinerary includes flights, transfers, hotels, meals and guide. The tour is only available to book once a reservation has been made.

1 Week 'All Inclusive' Trip

• Flights are typically from Gatwick Airport on Mondays (although flights are available from Manchester and Birmingham)


• Flights, accommodation, transfers, site visit, food and beverage taken care of.


• Dedicated 'On Island' inspection team

The Terms and Conditions

• A £750 contribution fee for the 1 week trip is required (paid before travel)**


• The remaining 50% is subsidised by The Resort Group


• The £750 must be paid at the point of reservation, this is in addition to the reservation fee, for example;
  
  €2,000 / 1.25 (or relevant promotional rate) = £1600 (to reserve property) + £500 for 1 week inspection trip (per person)

**Clients must attend full tour as per itinerary.

SIPP clients must pay 100% of trip costs to comply with HMRC (no subsidy)