Property Frontiers

Apartments in Natal, Brazil

Petropolis, Natal

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Edificio Dr Geraldo Furtado,
Natal,
Brazil

3 Bed Apartments from £90,765

Edificio Dr. Geraldo Furtado is an exclusive development of 86 apartments in Natal, Brazil
2 & 3 bedroom apartments specifically designed for the local market
Brazilian Housing market is massively undersupplied with over 8 million homes needed
Award winning developers with 20 years of experience in Brazilian Market

Summary

Edificio Dr. Geraldo Furtado is an exclusive development of 86 apartments in Natal, Brazil
2 & 3 bedroom apartments specifically designed for the local market
Brazilian Housing market is massively undersupplied with over 8 million homes needed
Award winning developers with 20 years of experience in Brazilian Market
Prices start at just £57,650
Only 25% required as an initial payment
8 staged payments of 8% set over 30 month build period
Development is priced 20% below current market comparables
Guaranteed 4 year 6% NET Yield offered to investors
Clearly defined exit strategies

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Description

Edificio Dr Geraldo Furtado is the latest development from Brazil’s award winning developers Grup Immobiliari. Located in the Petropolis district of Natal, it offers you the opportunity to invest in one of the most exciting markets in the world.

Housing in the Brazilian market is massively under supplied with an estimated 8 million new homes required, developers are far short of being able to satisfy demand. Since 2002, 20 million people have joined the ranks of the middle classes and with mortgage finance rapidly becoming available, there has never been a better time to invest into Brazilian real estate.

With a selection of affordable two and three bedroom units available for your consideration, and very favourable payment plans, we believe Dr. Geraldo Furtado is a worthy addition to any property portfolio.

Prices for 2 bedroom units start at £57,650 whilst 3 bedroom units will be available from £89,000, and the developer requires just a 25% payment on signing of your contract, then 8 equal payments of approximately 8% followed by a final payment of 10%. Investors are thus able to enter this market for as little as £14,450.

The comparable properties in the area are selling for up to 20% more per square meter than Dr. Geraldo Furtado, whilst in less attractive locations. Due to the exclusivity of the neighbourhood the developer will offer a 4 year 6% Net guaranteed rental return or will happily manage your rental property for a 10% management fee.

Residential property in Brazil is in such short supply that you are welcome to sell on to the local market at completion should you choose and with a very conservative 5% p.a. capital growth, you can look forward to a 30% capital uplift on your investment. Top

Location

Edifício Dr. Geraldo Furtado is located in one of the best and most established neighbourhoods of Natal. It has been classified by the local government as one of the four most exclusive residential neighbourhoods of Natal, and the neighbourhood of northern Natal with the highest monthly average income.

Surrounded by chic shops, bars and restaurants as well as shopping centres and universities, and within easy reach of both the business district and the beach, including the coastal road leading to Ponta Negra (Natal´s most famous beach), this area has been extremely popular with the local Brazilians since Natal was founded. Top

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Property

The apartments are finished to a high spec and are specifically designed for the local emerging middle class market in mind. With great amenities and views from the 4th floor upwards looking out to the sea, demand for these properties are expected to be high.

The building has 26 floors, of which 22 are residential floors
3 are underground parking / staff areas / reception and 1 is service area
Apartment sizes between 55m2 and 99 m2
2/3 bedrooms and 2 bathrooms
Leisure area with pool, barbeque, games room,
Garage
Communal Swimming Pool
Underground Parking
Communal Barbeque and relaxation area
Children’s playground
Pool Bar
Sauna
Games room
Condominium Administrative office
Laundry
Staff quarters
Reception / Waiting room area Top

Amenities