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Sal Rei, Cape Verde

£62,000
Cape Verde Property Investments Ltd, Berkshire
PROPERTY TYPE

Studio

BATHROOMS

1

SIZE

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Description

An attractive opportunity to purchase an investment property within the Oasis White Hotel, Boa Vista, offered for sale at €62,000.

The property is part of the hotel's rental pool and benefits from an existing 10-year rental agreement.
 
Under the agreement, the annual rental return is calculated at 5% of the property's original purchase price of €70,000. Importantly, this calculation remains based on the original €70,000 purchase price following the sale.

This provides the new owner with an annual rental income of €3,500, which, based on the current asking price of €62,000, represents an effective gross yield of approximately 5.8% per annum.
 
The property is owned free and clear with no outstanding debt and offers a straightforward, professionally managed investment opportunity in Boa Vista.

Sal Rei, Cape Verde

Approximate location
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About Cape Verde Property Investments Ltd, Berkshire

SK House, Arthur Rd, Windsor, Berks, SL4 1SE

Cape Verde Property were the first agents in the UK specialising in marketing property and land investments across the Cape Verde islands. The company was formed to fulfil the rapidly growing demand in the UK and Europe for the purchasing of investment and holiday property and land in Cape Verde. We are independent, and can offer properties and land on all of the main development islands of Cape Verde, including Sal, Boa Vista, San Vicente, Santiago, Maio, Soa Nicolau, Santo Antao and Fogo.

From our offices near Windsor, Berkshire in the UK and Santa Maria, Cape Verde we offer friendly, expert advice on all aspects of property and land purchase on these lovely islands. We have the largest portfolio of properties available in Cape Verde, including small apartments to large frontline villas, both off plan and key ready.

We can help arrange inspection trips and have an office in central Santa Maria in Sal with excellent, experienced staff who can show clients the various developments in Sal and can arrange meetings with our partners on the other islands in Cape Verde to view the various properties on sale.

We have formed partnerships with the best and most well respected developers on the islands and have an extensive portfolio of properties, both off plan and resale, and can provide a professional service from start to finish.

For the large developers and investors we have special arrangements and can help them with land or partnership deals in developments in the millions of euros.

This is an emerging market with massive investment potential and we are here to give comprehensive, professional advice and help make it easy for investors, both large and small, to find the right property or land for them.

We can also offer a snagging service and also excellent quality furniture packs at discount prices.

We are the Cape Verde Specialists.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Cape Verde Property Investments Ltd, Berkshire (reference DWR0007AF) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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