FULLY SIPP COMPLIANT 5 STAR HOTEL DEVELOPMENT IN THE BEST FRONTLINE LOCATION IN SAL.
AMAZING NEWS!!!! The Oasis Atlantico Group have now confirmed that due to the incredible success in securing key agreements with major tour operators, Salinas Sea will now offer a 50/50 split with a MINIMUM of 5% returns for the first 3 years.
TUI UK and TUI Nordic have between them booked over 50% of the availability at Salinas Sea commencing May 2012 when it open is due to be opened.
It is possible to purchase a Salinas Sea apartment either via a SIPP or as a standard purchase.
Salinas Sea forms a fantastic new 5 STAR FRONTLINE hotel complex WITH GUARANTEED RENTAL in the BEST LOCATION IN SAL and in our opinion will offer the best rental potential of any development in Cape Verde. This is an opportunity not to be missed. 50% NON STATUS DEVELOPER MORTGAGES AVAILABLE.
The Oasis Atlantico Group, the largest hotel owners in Cape Verde, are developing a frontline 5 star aparthotel complex on Santa Maria beach next to the Morabeza Hotel and Belorizonte Hotel. This superb project including the SalinasSand development (phase 2 due to launch in 18 months) will consist of studios, 1 bed and 2 bed apartments, in a TOP QUALITY 5 STAR development with panoramic bars and restaurants, massive pools, open air jacuzzis, games room, lounges, reading areas, commercial areas, artificial beach, shallow pool lounging areas and spa. The frontline Salinas Sea consists of studios hotel suites and 1 bed hotel suites priced form 112,000 euros.
We believe this is a great chance to invest in a top quality development which is unique in Cape Verde, in the last major beachfront location on Santa Maria Beach. There will be no plots left in Sal which will be able to have developments of this type directly on the best beach. Add to that the experience of the developers in the Cape Verde rental market, and this seems an opportunity not to be missed.
Detailed information
Salinas Sea is a 5 star Premium Hotel due to open May 2012.
Salinas Sea is located directly on the beautiful Santa Maria Beach in Sal.
The very best location next to the Morabeza Hotel. Clear turquoise water, beautiful white sand.
Already TUI UK and TUI Nordic have block booked 50% of the rooms from May 2012.
Prices for a Hotel Suites from €119,000.
Price of Hotel Suites includes all costs such as insurance, electric, water, refurbishments costs, maintenance fees. These costs are to be met by the Hotel Management business. The Hotel Management make their income from the 50% Room Share and from sales of food, drink and retail items etc.
Price includes full furniture.
4 weeks free use a year (no useage for SIPP purchasers)
50% NON STATUS mortgages are available.
Salinas Sea is SIPP approved.
There is a 50/50 split in the first 3 years with a guaranteed rental of 5% based on purchase price followed by a 50/50 split with the hotel operator.
Pooled rental returns after year 3 are based on the €140,000 completion costs, not the €119,000 current price, which will rise as units are sold.
The developers are the most experienced hotel operators in Cape Verde.
Classed as a ‘First Choice Premium’ Hotel by TUI and luxury "Club Helia Mare" Hotel by the French Tourism Group Heliades.
No sales are required for completion and opening of the hotel as it is completely bank backed so this is a risk free investment.
This is an investment with realist returns.
Detailed information
PROJECTED YEARLY RENTAL RETURNS
Using a €119K Studio Suite as an example
Years 1-3 = 50/50 split with a MINIMUM 5% Net guaranteed
Year 4 + Based on
Room Rate = €80, Occupancy = 60% = 8.4%
Room Rate = €80, Occupancy = 70% = 9.8%
Room Rate = €100, Occupancy = 60% = 10.5%
Room Rate = €100, Occupancy = 70% = 12.3%
To put this in some perspective
The RIU Hotels in Sal Occupancy = 95%
Current B&B Room rate at 4 star Morabeza Hotel next door is €200 a night!!
SUBSIDISED INSPECTION VISITS FOR SALINAS SEA
Reserve an apartment for £1000
You pay £500 per person for a week in Sal - All Inclusive – Max 2 people subsidised (Normally the RIU Hotel if available)
This is subsidised by the developers (Normal cost approx £700 to £1000 per person)
If you decide to cancel the reservation whist on the inspection visit then the reservation fee is refunded.
The developers, the Oasis Atlantico Group, have 4 other hotels in Cape Verde and 2 in Brazil. They have 15 years experience in the hotel market in Cape Verde and area major Portuguese company with a net assett value of 120 million euros.
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