The Aquapark Apartments are a unique development in Santa Maria on the southern tip of the island of Sal. This tropical park resort is only 250 meters away from the stunning sandy beach of Santa Maria and is only a five minute walk to the town centre.
The Aquapark offers:
* 2 Bed Fully furnished apartments
* 250m from white sandy beach
* Adjacent to fantastic Waterpark
* Developer has proven track record with Block A & B already complete and renting out
* Commercial units available
* Excellent Investment opportunity with great capital appreciation potential and year round sunshine
The complex consists of:
- A range of apartments
- Swimming pools, including an Olympic sized swimming pool
- Bars
- Shops
- A unique water Park
- Casino
- Tennis courts
- Football pitch
- Theatre
- Gym
- Business Centre
All apartments are 2 bedrooms and range in size from 65 to 127 sq. The entire development is three storey with pools and terraces. All apartments come completely furnished - ready to let - and include:
- A fully fitted kitchen, with appliances including pots, pans and cutlery
- Living room furniture including TV, light fittings and pictures on the wall
- Bedroom furniture, wardrobes, bedside lights, tables and bedsheets
- Fully fitted bathrooms with towels
- Flooring in the apartments will be top quality ceramic tiles.
In addition to high spec apartments with swimming pools this complex will have: Water Slides, an Olympic size Swimming Pool, Amphitheatre, Basketball and Tennis Courts, Football Pitch, Sunbathing Terraces and Pools, Disco
Pub, Restaurant, Meeting halls, and Casino.
The complex is being built by the first and largest Italian developer in Santa Maria - Turinvest Holding SA, employing over 700 people and serving 28,000 clients. They also own and have developed many of the hotel and apartment complexes in Santa Maria and therefore guarantee top quality construction. The unmistakable Italian deco is present in every single detail and they endeavour to meet the highest of standards in every aspect of their work to offer the greatest comfort.
In addition, all the units on the ground floor to the front will operate as privately owned shops, restaurants, and businesses of every description. The Tropical Park section houses an Hotel and another huge Restaurant.
As there are many business oppurtunities in Sal, from convenience stores to restaurants and bars etc, purchasing a commercial unit is a fantastic investment. There would be people queing up to rent commercial units on completion. there are commercial units ranging in size from 35m2 up to 118m2
Block A- Already renting: 1 bed apartment 55m2 from €105,000
Block B- Ready built: long term rental offers available on final payment: 1 apartment available €115,000 (2 bed 1 bath 67m2)
Block C- Due for completion March 2009- 10 left 2 bed 65m2 €105,000 up to large 95m2 sea view from €200,000
Block D - Due for completion late 2008-10 left from €105,000, €115,000 up to €130,000 for sea view
2 bed + 1 bath apts fully furnished
*Ground Floor inc. terrace (65m2) & garden(38m2)- €105,000
*Middle Floor (inc. balcony(67m2) - €110,000
*Top Floor (inc. balcony(67m2) - €120,000
Up to70% mortgages on completion!
Block B is complete with 1 unit available- up to 70% mortgage available now!
*** Terms & conditions apply.
Rental
Rentals are going through the roof and there is already high demand for long term rentals from locals, builders, tour operator staff etc.
This complex is designed for year round tourism and rental and we now present a very conservative calculation of the likely rental returns:
_____________________________________
Aquapark Apartments – 2 bed (67 m sq.) Average Year
Sale Price 105 ,000
Furniture Package 000,000
Total Investment 105,000
Average Occupancy 270 Days
Average rate pw 350
Gross Rental income 13,500
Less:
10% Management 1,350
10% Letting Fee 1,350
Utilities 4% 540
Marketing 5% 675
Maintenance 800
Taxes 455
Total 5,170
Net Return on Investment 8,330
= 7.93%
Why you should buy through Belmore International:
* Irish Family owned Company with 25 years experience in the property market
* Dedicated Overseas Property Department, who can provide you with all of the information you need and help to organize viewing trips before you proceed to purchase
* First hand knowledge of Cape Verde and the site where properties are located. Our own photos can be provided upon request.
* Full after-sales service after purchase. We will help you with every aspect of your purchase, from contract stage up to the handing over of your keys. We regularly update our clients with the build progress of their apartments and provide any information required during this phase. We are currently supporting clients who's apartments in Aquapark Block B are now ready, providing contacts and information on solicitors, rental agencies & negotiating long term leases of their apartments. We are based in Dublin and are happy to met our clients at any time.
Contact us
If you would like more information about this development or would like to make a reservation please contact us.
00 353 1 2973394
Email: info@belmoreinternational.com
or call to our offices at 8 The Mall, Beacon Court, Sandyford, Dublin 18
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