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Property reference

COPY OF 4456 (09/05/2008 21:46:58)

Property particulars

 
Asking price of
GBP 19,600
Bedrooms: 3 Tenure: Freehold
Bathrooms: 2 Property age: New

Property description

1 - Overview

This land investment offers our members an opportunity to invest at the lowest possible prices available in this growing region of Brazil today. The investment is based on purchasing land plots for villa builds within a planned 5 star beach resort, from just 65,000BRL(19,695 GBP approx.)

* Low entry from just 65,000BRL(19,695GBP approx.)
* Exclusive allocation for our IPIN members
* With licences already in place, this is a secure way to Invest in Brazilian land
* 500m2 - 1300m2 villa plots available
* Benefit from uplift in value, alongside ongoing infrastructure construction
* Option to freeze the earliest construction prices more than 2 years before construction starts
* Multiple investment strategies: Plot & sell or plot & build!
* Two price increases have already been projected for this year!
* Outstanding value in comparison with other resorts in the region
* All located within a luxurious beach & golf eco-resort complex

Turtle Bay allows entry at the earliest possible stage of the development, allowing investors to reap the benefits of substantial appreciation during the development process.
These projections for appreciation are a reality:

* In Arraial d'Ajuda, individual plots of 2.000m2 with no additional amenities have reached peaks of 180USD/m2 and the similar figures are being achieved in the Porto Seguro region. Turtle Bay Beach and Golf Resort is selling around 45EUR/m2 AND provides a host of five star amenities.
* Average prices for large rustic estates selling below 1EUR/m2 in 2005 are now priced at around 3EUR to 4EUR/m2. This still remains 15,000% cheaper than the equivalent on the Mediterranean coast, hence leaving investors considerable margin for appreciation.
* The developer is expected to increase prices by 12% in February, and another 12-15% when infrastructure works commence in the 4th quarter of 2008: a solid base for early investors.


The Exit Strategies

Exit strategies are always of utmost importance, even more so when investing in land. What makes this investment particularly attractive is the range of options offered by the developer, which will prove attractive for both investors and end-users:

* Early resale of the plot
* Mid-term resale of the plot
* Construction of villa with off plan resale
* Resale of villa long term
* End-use of villa

At each and every stage, a substantial appreciation is to be reaped:

1. You can invest in one or several plots with:

* Full planning permission for individual villas
* All services
* 5 star amenities including a golf course

2 . You are entitled to keep the plot up to 3 years without building on it. This provides a comfortable and conservative period of time following which, if you so wish, you can re-sell at market price with no added pressure.

3. When the building period starts, you will have a limited time frame in which to construct your villa. This guideline is in place to ensure that the resort never turns into an endless building site allowing end-users to enjoy their villa in peaceful and tranquil surroundings.

The Plots & Builds

The development plots range from 500m2 to 1,300m2, with the ability to build one OR two villas ranging from 2 bedroom 100m2 bungalows to 5

Turtle Bay allows entry at the earliest possible stage of the development, allowing investors to reap the benefits of substantial appreciation during the development process.
These projections for appreciation are a reality:

* In Arraial d'Ajuda, individual plots of 2.000m2 with no additional amenities have reached peaks of 180USD/m2 and the similar figures are being achieved in the Porto Seguro region. Turtle Bay Beach and Golf Resort is selling around 45EUR/m2 AND provides a host of five star amenities.
* Average prices for large rustic estates selling below 1EUR/m2 in 2005 are now priced at around 3EUR to 4EUR/m2. This still remains 15,000% cheaper than the equivalent on the Mediterranean coast, hence leaving investors considerable margin for appreciation.
* The developer is expected to increase prices by 12% in February, and another 12-15% when infrastructure works commence in the 4th quarter of 2008: a solid base for early investors.

The development plots range from 500m2 to 1,300m2, with the ability to build one OR two villas ranging from 2 bedroom 100m2 bungalows to 5 bedroom 2 floor 200m2 villas. All plots will have various extra options, one being the option to construct a private swimming pool.

There will be 3 models of villas, of which there will be another 3 designs; a total of 9 villa designs for clients to choose from, giving ample choice. These will be made available to clients within the next twelve months.

The Resort Operations - Managed by David Lloyd Resorts (DLR)!

The developer has secured an agreement with the David Lloyd Group through its branch David Lloyd Resorts.

For the investor this would mean an added value of having the prestigious David Lloyd Resorts entirely manage and maintain all of the private and public common areas of the project relating to, leisure, sports, food & beverage, and social installations. Services will include, spa, beach club, 9-hole golf course, equestrian centre, bars and restaurants, and, of course, the swimming pools and gym.

The DLR will manage the rental pool for the entire resort

This signature and expertise represent a priceless benefit to this project as the DLR places Turtle Bay as a totally 'unique offer' in Brazil.

The Resort

The resort is set on 71 hectares of flat, landscaped land surrounded by coconut trees and mangroves, with direct access to the beach. Permission has been granted for the 735 plots, ranging from 500m2 to 1,300m2.

The concept of the resort is based around perfect harmony with its natural environment, utilising environmentally conscious building materials and implementing low-density development, incorporating natural lagoons, an ecological drainage system and water recycling.

Set on 275 metres of direct beach-front of pristine golden sands and warm waters, this self-contained resort offers a whole community based on an ecologically conscious low-density build concept. It combines luxury in a minimalist and modern style, featuring traditional Bahian, neo-traditional Bahian and Brazilian minimalist styles, utilising both natural and native products to create a harmonious setting within its stunning natural environment.

The Facilities:

Gated with 24 hour security (owners will have the option to acquire electrical buggies for transport within the resort)

* 9-hole golf course
* 40-suite boutique hotel
* Tennis courts
* Private equestrian centre
* Thalassotherapy spa, featuring a large saltwater pool
* Social Centre, including, restaurants, bars, cafe's and commercial centre
* Beach club


The Security:

Clients monies are held in escrow until the developer can produce all of the following neccesary documents:

* The Granting of Planning permission: “Alvara de desmembramento” (TAC) approved by the Town Hall and notarized - this has already been granted.
* Evidence that 3 Models of villas have been supplied to the Escrow Agent: CGI with main façades, lateral façade and floor plans.
* Evidence of Incorporation of the Operating SPV Company: fiscal number, copy of the articles of association and copy of Mr. Bernard Soultan’s power of attorney.
* Supply of Building specifications to the Escrow Agent: non technical orientative brief of the works to be realized describing the list of services and amenities at first.


The principle of the deal is “the client pays for what he gets”, i.e:

* A freehold 'right' on a specific plot number, free of charges and encumbrances when the 50% of the price is released from the escrow-account to the developer.
* The following payment of 25% is also held in Escrow and will be released when the developer provides proof that works have started.
* The last and final payment of 25%, also held in Escrow, will be released when works have been delivered (infrastructure and services).


The Developer

Turtle Bay Integral Estates LTDA is a company established since 1980 in Marbella (Spain), specialising in:

* Land research and planning through lobbying
* Project management
* Consulting- international marketing networks
* Small developments

The company has created permanent branches in Marrakech (Morocco) and Porto Seguro (Bahia, Brazil) to develop new projects within these promising emerging markets.

The London office coordinates the UK business development in general for products coming from Spain, Morocco or Brazil.

Integral Estates was created in 1980 by Bernard Soultan, French resident in Spain and presently Managing Director of the Company as well as co-manager of Turtle Bay Integral Estates Brazil (SPV for Turtle Bay project).

Bernard Soultan is a member of:

* AIPP UK
* Founder of Marbella's Circulo Inmobiliario
* CIT Marbella
* Ex non-resident member of the Real Estate Board of New York
* Graduate from the Paris National Business School (BessiËres) in 1969

Main developments or consultancies:

* Puente Romano Phase II Marbella
* Laguna Beach, Estepona
* King David Village, Sotogrande
* Los Altos de Estepona
* Rodeo Beach Club Marbella
* Domaine de líAkhdar, Marrakech
* Les Jardins de líOurika, Marrakech
* Hotel Rincon Andaluz (RIU), Marbella
* Capellania Hill Club, Marbella
* Vias del Golf Marbella

The resort is located along Brazils Discovery Coast, with hundreds of kilometres of white sandy beaches along the thinly populated, unspoilt coast. Large areas of the region is made up of protected nature reserves and dotted with small cities and resort areas.

The area is a popular destination amongst Brazilians and foreign holiday makers, being the third most popular holiday destination within Brazil, after Rio and Iguaçu Falls and is recently being discovered by foreign investors for its charm, beauty, superb weather and attractive investment opportunities.

Close to the development is the town of Belmonte offering all basic amenities, also near-by is the town of Porto Seguro, with a very Caribbean feel. Also nearby is a 6 star boutique hotel with an equestrian centre, along with several low profile beach resorts and Terra Vista with its famous Club Med resort. The area is a favourite amongst business tycoons and Hollywood stars.

The low density, eco friendly, high standard investments are ideal for attracting upmarket clientele.

Getting There:

The nearest airport to the development is Belmonte, however this is a smaller airport accessible by private aircraft.

The nearest convenient airport is Porto Seguro, offering chartered international flights only from London, Paris, Milan and Lisbon. To reach Belmonte from Porto Seguro without a private aircraft will need to be taken by road and is approximately 1.5 hours.

The main International airport in the region is Salvador de Bahia, this airport is accessible from all major European airports. It is then possible to take a domestic flight from Salvador to Porto Seguro, or to travel by road, or alternatively by ferry.

The ferry system from Sao Paolo to Porto Seguro is an exotic experience enjoyed by many visitors to the area taking passengers and cars. The ferries run every half hour during the day and at hourly intervals in the night. The time taken to reach Sao Polo is 1 hour and 15 minutes.

The area can also be reached by cruise ships on domestic and international tours stopping in Porto Seguro.
Local climate

The climate here is hot, tropical and humid, with temperatures averaging 24,4º C, with a minimum temperature of 20,9º C and a maximum temperature of 30,6º C. Rainfall is more frequent from March to May.
Why Invest in this Location?
The Country

* Year-round sunshine, with average summer temperatures of 21°C.
* Some areas in the north east of Brazil saw property price returns of 20%+ last year
* Current favourable currency exchange, making it cheap for foreigners to invest
* President Lula has brought great hope and improvements to Brazil
* Inflation at an all-time low
* Foreign investment is actively encouraged and you can own 100% of land and property
* Low cost of living compared to UK/Europe
* Property maintenance costs are low
* Increase of thriving manufacturing industries relocating to Brazil
* Brazil is expected to produce all of its own oil within the next year
* Great natural beauty with fantastic scenery and 7,000km of beaches
* According to Goldman Sachs, Brazil will be amongst the economic leaders of the future, along with Russia, India and China
* Friendly nature of the Brazilian people
* Vibrant cities with carnivals and music



The Exit Strategies

Exit strategies are always of utmost importance, even more so when investing in land. What makes this investment particularly attractive is the range of options offered by the developer, which will prove attractive for both investors and end-users:



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