REAL ESTATE FOR SALE (OFF-PLAN) (€ Euro 163,795)
Apartment for sale in Santiago Santiago Island Cape Verde

Cape Verde - The New Caribbean
Morabeza - San Francisco Beach
We have news of a forthcoming beach front development, with the most magnificent sea views, on one of the Cape Verde Islands. This exciting new development will offer guaranteed rental income and exceptional capital growth in the most beautiful of locations.

The Morabeza - San Francisco Beach development is without doubt one of the best off-plan developments available in Cape Verde at present. With beach frontage, a hotel support structure and with highly competitve prices, this is an opportunity both end users and investors cannot afford to miss out on.

'Purchase your own piece of investment paradise'
One of the best Off Plan developments in Cape Verde at present, totalling 60,000m2
Low build density - less than 20% land occupation
Beach and Sea frontage - directly onto beach
All properties will have elevated sea, beach or country/valley views
20 minutes from the capital Praia - 12 minutes when new road completed
Freehold ownership
4 bed Beach Villas and 2 or 3 bed Apartments
Self contained holiday resort complex
Centred around a 4* Hotel with an array of supporting facilities including:
Restaurants
Bars
Fitness Centre/Gym
Shops and Grocery Stores
Tennis court...and much more

Reece Carrington have 54 apartments at PRE-LAUNCH prices to offer our clients. To reserve a unit all you need is €5,000 with a choice of three payment options available.

The Buying Process and payment terms
We will be offering three payment plans, as follows:

Option 1: Cash payment with discount

Option 2: Stage payments

Option 3: Deposit, stage payment, completion payment.

ALL OPTIONS HAVE A RESERVATION REQUIREMENT OF €5,000

Option 1

Full payment up front (immediate 5% discount on list price), this option also carries a two year 5% rental guarantee (a developer furniture pack must be purchased, to ensure standardisation)*

Option 2

This option carries a one year 5% rental guarantee* plus a furniture pack worth up to €8,500. The expected stage payment dates are as follows:

Stage Date Payment

Promissory contract 30% less reservation (30 days

after promissory contract)

Start of build Est. Jul 2008

1. Ground works Est. Sep 2008 20%

2. Foundations Est. Apr 2009 20%

3. Roof level Est. Sep 2009 20%

4. Completion Est. Oct - Dec 2010 10%

Option 3

This option carries a one year 5% rental guarantee* (a developer furniture pack must be purchased, to ensure standardisation). The expected payments are as follows:

Date Payment

30 days from promissory contract 30% less reservation

120 days 30%

Completion 40%

Mortgages available on option 2 & 3. Subject to status.

* Conditions apply. Unit must be made available to developer during period of rental guarantee. 3 weeks’ fully inclusive owner’s usage per annum (1 peak & 2 off-peak)

For a brief insight in to this awe inspiring group of Islands please read on...
The Cape Verde Islands are part of a grouping of four Atlantic archipelagos known as Macaronesia. Nestled just off the West Coast of Africa the Islands benefit from being on the same latitude as Barbados and therefore boast a magnificent all year round summer. On average between 10-12 hours of daily sunshine can be expected with temperatures remaining around 25 degrees all year round.

Cape Verde was discovered in 1460 by Antonio de Noli and gained its independence from the Portuguese Empire in 1975. The local Crioulos are the oldest African/European community in colonial history.

The superb climate that Cape Verde has to offer provides an ideal environment for a multitude of activities, from diving, water skiing and surfing to exploring mountains or maybe even whale watching. There is without doubt an interest for everyone in these magnificent, history steeped Islands.

It is thought that it won't be long before Cape Verde becomes the number one choice for investors and holiday makers alike. With increasing travel links to the Islands it is now easier than ever to visit and for that reason the number of visitors to Cape Verde is increasing rapidly.