Overseas Real Estate Blog

Tortuga Beach Resort & Spa – Special Offer

I am delighted to inform you that new payment options / offers are being made available for all remaining properties on Tortuga Beach Resort & Spa, Sal Island, Cape Verde.

Before you read the details, here are a few reminders of some of the fantastic features and benefits that have made Tortuga one of the fastest selling Resorts in the history of Cape Verde.

· Stunning beach-front Resort on one of the best undeveloped white sandy beaches in the world

· Density of less than 25%

· Luxury detached Villas with private pool and garden

· Luxury 2-bed Apartments with communal pools and relaxation areas

· Luxury 5-Star Hotel with facilities and amenities large enough to cater for the whole Resort. Purchasers will be able to rent their property via the hotel itinerary.

· Hotel operator to be announced soon. Will be a world renowned hotelier with an awesome ability to attract guests via a huge worldwide network of reservation systems, vast numbers of travel agents and close links with the major tour operators. Rental potential for Purchasers will be massive and the hotel will do all the work!

· Concierge service

· Exquisite restaurant

· Elegant wine bar

· Relaxing piano bar

· Luxury spa with state of the art equipment and treatments

· Expansive gymnasium

· Shops

· Fantastic capital growth potential in one of the world’s most up and coming property hotspots!

Now let’s look at the special terms available. In summary, with regard to the payment of the deposit, two new ‘Special Payment Options’ (1 and 2) have been launched and Purchasers can choose whichever one best suits their circumstances. The beauty of choosing one of these two new ‘Special Payment Options’ is that the Purchaser can then also choose any one of the two ‘Special Completion Offers’ (A or B) available, Purchasers will enjoy either a massive 10% cash back on completion or alternatively a guaranteed rental income for 3 years of 6% per annum.

Purchasers, at their choice, can match the best ‘Special Payment Option’ and the best ‘Special Completion Offer’ to suit their need. Read on for more details …

· Reservation fee of €3,000

· 20% payable on contract

· 15% payable 6 months after contract

· 15% payable 12 months after contract

· 50% (less the reservation fee) on completion

OR …

· Reservation fee of €3,000

· 50% (less the reservation fee) payable on contract

· The Developer guarantees to ‘cash flow’ 6% interest payments on the full 50% deposit until completion (this should mean that the Purchaser will have no reduction in income during the construction of their property)

· 50% payable on completion (plus the interest payments)

Regardless of which of the above ‘Special Payment Options’ is chosen, the Purchaser can then choose any one of the following ‘Special Completion Offers’ …

· Purchaser will receive 10% cash back (of the purchase price) on signing of the property at completion

· Purchaser signs up to the hotel rental programme for a minimum of 2 years

· During these 2 years, the Purchaser gets a minimum of 8 weeks per year for personal use (2 weeks in high season)

· The Developer receives all income generated, that would have been the Purchaser’s share of the rental income, during the 2 years (but only up to the point that the 10% cash back has been covered)

· After the 10% cash back has been covered (or after 2 years whichever comes sooner) the Purchaser joins the standard hotel rental programme and receives the full entitlement of rental income

OR …

· Purchaser will receive 6% per annum (of the purchase price) guaranteed rental income (paid monthly) for 3 years following completion

· Purchaser signs up to the hotel rental programme for a minimum of 3 years

· During these 3 years, the Purchaser gets a minimum of 6 weeks per year for personal use (2 weeks in high season)

· The Developer receives all income generated, that would have been the Purchaser’s share of the rental income, during the 3 years (but only up to the point that the 18% total guaranteed rental income has been covered)

· After the 18% guaranteed rental has been covered (or after 3 years whichever comes sooner) the Purchaser joins the standard hotel rental programme and receives the full entitlement of rental income

· Free air-conditioning

· Free legal services

· Free Basic Furniture Pack

· Please Note: For quality and consistency purposes, a ‘Hotel Excellence’ Furniture Package is a requirement to be a part of the hotel rental programme. Purchasers must therefore upgrade to a ‘Hotel Excellence’ Package.

· The upgrade cost for a ‘Hotel Excellence’ package is as follows:

o 2 bed apartments €10,300

o 3 bed villa €15,500

· The upgrade cost for the ‘Hotel Excellence’ Furniture Pack can be added to the completion balance (via the completion mortgage if required)

it certainly looks like the ‘sold out’ signs will be around Tortuga Beach Resort very soon!

Tortuga Resort is a fantastic success story and I we look forward to welcoming new buyers into what will be a very special lifestyle. Email info@jet2letproperty.com, or call Lance on 0113 3131000 for more info