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Investors Special Guaranteed 60 per cent price rise
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NEWSFLASH
We are delighted to announce that FULL PLANNING PERMISSIONS HAVE NOW BEEN GRANTED for the Turtle Bay Beach Resort in Bahia, Brazil. As a result prices will be rising by 12% on 20TH FEBRUARY, so there is an excellent window of opportunity for serious and committed investors.
We are also delighted to inform you that a major global leisure club chain, DAVID LLOYD RESORTS has been signed up to manage the resort. They have access to 800,000 members which will provide the project with excellent exposure. This is excellent news for the project that will help boost its profile and also help guarantee land banking exit strategies and future rental income alike!
This land investment with Villa build program 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 15,300 GBP.
Low entry from just 15,300 GBP
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
Potential Capital Appreciation
per annum 20.00%
Conservative estimate by developer
Potential Rental Income
per annum 10.00%
Conservative Estimate from research
Development Timetable
Construction Start: Infrastructure: 4th Quarter 2008 Construction End: Infrastructure: 1st Quarter 2010
Development Description
Turtle Bay Beach and Golf Resort offers plots at extremely attractive entry levels, with a long build period (over 3 years) and a 12% price increase being projected in February and again in October 2008 when infrastructure works begin. The investment is enhanced by structured exit strategies and fixed construction prices at contract.
The development itself offers investors a wonderful opportunity to own part of a high class, exotic environment, which is to also include a boutique-hotel, club house, restaurant, and spa, amongst many other luxurious facilities.
Located on Brazil's un-spoilt 'Discovery Coast' and minutes from the colonial cocoa capital of Belmonte, this project combines the luxury of 5* European standards with an eco-friendly philosophy in a self-contained resort, only 10 minutes walk to the town centre. In addition, this is the first golf resort on the Northern Discovery Coast!
The Investment
Land Investment is generally only accessible to larger investors due to the sheer size of many projects currently being offered worldwide. This particular development however, has been tailored towards the smaller investors giving them the opportunity to invest in to a luxury, sound project for as little as 15,300 GBP!
There are 4 main stages to the development:
1. Q4 2007: Plots available for sale
2. Q4 2008 - Q2 2010: Sales of plots and infrastructure construction.
3. Q4 2009 - Q1 2010: Choice of villa design and size.
4. Q3 2010: Beginning of the villas' construction and sales.
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 bedroom 2 floor 200m2 villas. All plots will have various extra options, one being the option to construct a private swimming pool.
Construction costs can be fixed at 700 GBP/m2 for covered areas and 470 GBP/m2 for uncovered areas, payable in stages throughout the construction period. This price is ONLY contractually guaranteed if the client agrees to begin construction between 2010 and 2011. At present, no other developer can offer this kind of guarantee in Brazil.
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
Location Details
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.
Mortgage Options
Payment Schedule
IPIN HAS NEGOTIATED THIS LOW ENTRY RESERVATION EXCLUSIVELY FOR ITS IPIN MEMBERS
This case study is based on a 500m2 plot in the Turtle Bay Beach and Golf Resort.
Turtle Bay Beach and Golf Resort
Purchase Price
Reservation Fee
Deposit on Exchange (50%) – minus reservation fee
due 15 days after the reservation fee
Escrow fee (excluding VAT)
Investment required to exchange
GBP
15,300
1,000
5,650
300
6,950
Phased Payment Plan
25% at beginning of infrastructure construction (4th Quarter 2008)
Total Stage Payments Required
3,825
3,825
Completion Costs
Final Payment (25% of the Purchase Price - on completion of infrastructure. Est. 2nd Quarter 2010)
Transfer tax (3% ITIV)
Notary Fees (1.33%)
Land Registry Fees (0.65%)
Legal Fees (approximate*)
(* legal fees are 1,500 EUR)
Investment Required to Complete
3,825
460
205
100
1000
5,590
Total Investment Required From Investor at Exchange 6,950
Total Investment Required From Investor at Construction of Infrastructure & Services 3,825
Total Investment Required From Investor at Completion of Infrastructure & Services 5,590
Total Investment Required From Investor 16,365
* Based on a 500m2 plot
* These are approximations based on current figures; we strongly advise that you seek legal advice for accurate closing costs.
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