SHOWCASE CAPE VERDE - SIPP Compliant Aprt/Hotel Property Investment
IMF states: 'Cape Verde has held up well and is expected to rise to 7.1% annual growth by 2013'
Oasis Salinas Sea - Sal Island - Cape Verde - New Beach Front Aprt/Hotel Development
Now Available To Our Clients: Full Freehold Title Ownership of apartments in resort - rented to tourists while you are not there
CLICK HERE: Holiday Marketing Contracts Signed With World's Leading Leisure Travel Company TUI PLC (Thomson/First Choice)
Off Plan - Build completes and opens to public 2012 - Guaranteed Rental Income
The Island Of Sal - 5 Star Fully Managed and Marketed
Developer Bank Guaranteed To Complete Build - Guaranteed Mortgage on Completion
Buy Now At 15% Below Completion Value - Open To Public Rental Summer 2012
SIPP compliant: A Self-Invested Personal Pension (SIPP) is the name given to the type of UK government approved personal pension scheme
Why invest in Cape Verde?
Exceptionally high yields
A twelve-month holiday season and glorious climate ensure continually high occupancy rates and, therefore, exceptionally high yields for investors. Thanks to Sal's year-round holiday climate, occupancy rates are very high, as proven by other resorts recently opened on the island operating at 80-90% occupancy levels. Sal's huge appeal to a broad demographic (young, old, families, singles, etc.), its specialist tourism appeal (wildlife tourism, wind-based watersports, eco-tours, scuba diving, big game fishing, etc.) and beaches rated among the best in the world, all combine to form a very bright future for the island.
Safe and affordable destination
Socially very stable with no religious/political conflict or civil unrest "Cape Verde enjoys a stable democratic system, high transparency and low corruption" (US Ambassador to Cape Verde, Marianne Myles).
A multi-party, stable democracy which actively encourages foreign investment.
Property is protected by national laws ensuring the same rights for foreign investors as for locals.
Environment of trust and confidence for foreign investors.
Low living costs and property prices.
Huge Tourism Growth Potential
Cape Verde has remained an unexplored secret to tourists and international property investors alike, until recently. As Europe's closest tropical island paradise, rich in colonial history, natural beauty and ecological wonders, Cape Verde is rapidly attracting increasing numbers of tourists from Europe, the Americas and beyond.
Heavy investment in infrastructure improvements has placed Sal at the forefront of this global appeal. Cape Verde is an early stage property investment market with all the boxes ticked for lucrative capital growth.
Strong and growing economy
Despite the global economic downturn, GDP growth for Cape Verde has held up well and is expected to rise to 7.1% annual growth by 2013, according to the IMF, who also praised the 'prudent management and strong economic foundations' undertaken by the Cape Verdean government.
Cape Verde welcomes foreign direct investment to create a sustainable, growing economy through job creation and capital investment.
With property laws and a democratic system providing the same laws for locals and foreign nationals, Cape Verde offers investors an enviable opportunity to purchase top-quality property in a prime location now, while prices remain low.
The Salinas Sea Resort is positioned in Cape Verde on the finest piece of beachfront land on the Sal island’s beautiful southwest coast which has already become a holiday hotspot for tourists from all over Europe. Sal benefits from a large and modern international airport with direct weekly flights from 3 UK hubs (5.5 hours) and many others across continental Europe. The Cape Verde islands are known as the “Caribbean of Europe” enjoying even tropical temperatures 52 weeks a year with no tropical storms and as such are a year-round tourist destination as well as being one of the strongest and most stable emerging markets in the world (as stated by the International Monetary Fund - read here: IMF). The Salinas Sea Resort is the seventh resort hotel to be built and fully managed by the Developer. The Developers are the largest and most experienced constructors and hotel managers in the Cape Verde islands. They boast four existing hotels in Cape Verde operating to at least 60% occupancy year-round (two of them on Sal) and another two highly successful holiday hotels in the north-east of Brazil.
already in place with major European tour operators including TUI (Thomson and First Choice).
- Savills 2010 red book valuation of the Salinas Sea Resort was €32,117,000
- Deposits are ring-fenced for the Salinas Resort and not used for any other
development
- Bank guarantees in place for completion of Salinas Sea regardless of sales
achieved
- We have secured a 15% below completion value deal for clients
- Build completion in 2012.
- Borrowing to be paid down through the rental over the first 4 years to leave investors with an unencumbered, freehold owned, mortgage free, maintenance-free and fully-managed five star rental property. (Full financial breakdown is available on download - order yours NOW).
The Developers are not relying on funds from clients to complete the development as full bank finance is already in place and the hotel is well on the way to being completed. This is the first time they have sold units in one of their hotels to private investors. They intend to use the funds to assist further expansion and so in essence this is a capital raising exercise in a very safe way - the amount of capital raised if all units are sold is just over 10% of their net asset value.
The company posts over €128 million. (Transparency is available).
We think it is fair to say that all or most units will be sold shortly (although some at a higher price than offered at the moment). We have secured a 15% BMV for our clients. If you are not already a client, call us and we will send the information on detail or simply hit the download button on this page.
Prices
Prices start from just £28,000 (fractional ownership). The 50% deposit is due 1 month after reservation unless it is being purchased through a SIPP (Self Invested Personal Pension). The developer offers a guaranteed 50% LTV mortgage non-status. Prices correct as of December 2011. Prices will rise towards completion - contact us for current prices.
The management company are currently achieving in excess of 70% as an average of their 4 hotels in Cape Verde. Two are on the Sal island. Hit the download button and we will send you further detail.
The main superstructure is virtually complete, all electrics installed including cosmetic and plastering, Plumbing and tiling is in process. The Pools and external areas are also nearing completion. There are currently 100+ workers, working a 7 days week – this is expected to increase to around 200 workers as we get nearer to the completion deadlines.
Of course, go and see for yourself! We will arrange your tour of the resort and offer a 7 day reduced price visit for serious enquiries.
If you would like the details. Simply press the download button below.
DOWNLOAD HERE
Download for: full details including reports, valuations, on-the-ground images, spreadsheets and more.
KEY POINTS - Full Freehold Title Ownership - Guaranteed Rental
Early prices - 15% Below Completion Value - Build completes in 2012
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*Salinas Sea Resort - Cape Verde - Sal Island
*5 Star Resort built by 15 year old company (7th Resort Build)
*Bank backed and sustainable in a growth country
*Growth on your purchase ownership - exit anytime if required
*Minimum guaranteed rental income of 5%
*Sensible projections of room rate and occupancy in fact deliver 7-8%
*No maintenance or other costs
*Low risk - nearly built with financially strong developer
*Current purchase prices are 15% below completion value for a short period. Build Completes in 2012 - Bank Guaranteed to complete. Open to the public 2012
* Contracts signed with TUI PLC- (Thomson / First Choice) at Salinas Sea. Approximately 50% resort occupancy year round will be provided by these companies alone: Click Here: FIRST CHOICE HOLIDAYS - SALINAS SEA
*Deposit protected with full bank guarantees in place to complete development
*50% net rental rate share with operator from launch with guaranteed 5% of purchase price as a minimum 'safety net'
*No Capital Gains Tax or Inheritance Tax
*Approved for SIPP (Self Invested Pension Plan) investment
*4 weeks free personal use per year for non-SIPP investors
*£1,000/ €1,000 reservation fee, followed by a 50% deposit within 45 days
*Guaranteed non-status 50% LTV mortgages on completion from developer which will be paid off over 4 years through rental income (see spread sheet available on download), leaving investors with a freehold, fully unemcumbered, 5 star rental property with no mortgage and no maintenance fees
*Located on the best beach (Santa Maria) and best position on Sal Island.
Tourist Marketing And Sales Contracts in place with among others, the World's leading leisure travel company TUI PLC (Thomson/First Choice).
TUI state they expect at least 50% occupancy for this resort year round from their enormous customer base alone - 30 million customers. Further occupancy will come from other networks, but TUI is the world's largest travel company.
About TUI: Click here for corporate website
Quick Facts:
£13.9 billion revenue
50,000 employees
180 operating countries
30 million customers
143 Aircraft
200 leading brands
"When 2007 saw the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, the result was TUI Travel PLC - now the world's leading leisure travel company.
Today we operate in over 180 countries, offering a portfolio of more than 200 leading brands to over 30 million holidaymakers each year."
Client Services
World Wide Resource works closely with developers, managers, law firms, IFA's and Sipp/pension companies to ensure a full range services for its clients.
Every client has different needs. Some invest privately, others through companies. As our job in promoting property in the UK and overseas is unregulated by the Financial Services Authority, it is important that we can provide clients will legal and regulated services before they buy.
If contracts do not fully cover an investor's concerns, we are in a position at World Wide Resource to take up issues directly with our developers.
When it comes to Sipp investments we will refer clients to reputable pension companies that have agreed to process the investment.
Our principal Sipp provider is Carey Pensions (http://www.careypensions.co.uk)
Please note, the following development images are computer generated from artist impressions
Download Brochure
Contact us for full details including reports, valuations, on-the-ground images, spreadsheets and more.
Salinas Sea Resort - Cape Verde - Sal Island
*5 Star Resort built by 15 year old company (7th Resort Build). This 5 Star operation is open to the public in 2012 and guarantees income for investors with contracts already signed with Worlds leading leisure travel company TUI PLC (Thomson/First Choice) and others.
World Wide Resource - "Your Future - Your Way"
Salinas Sea Resort - Cape Verde - Sal Island
*5 Star Resort built by 15 year old company (7th Resort Build)
*Entry level only £28,000 or with developer finance £20,000
*Projected capital growth of 6% in line with minimum projected Cape Verde GDP growth
*Minimum guaranteed rental income of 5%
*Sensible projections of room rate and occupancy in fact deliver 7-8%
*No maintenance or other costs
*Low risk - nearly built with financially strong developer