Estate for sale in Caucaia of 45 m²

Unique opportunity in Cumbuco.

Sale of a hotel under construction with 24 apartments of approximately 45 m² on the oceanfront and close to the city center.

We present to you this magnificent hotel under construction, located on one of the most coveted beaches in Brazil, Cumbuco Beach.

The hotel under construction has 6 floors with a rooftop which offers the most spectacular view of Cumbuco!

Because as the urban plan has recently changed, it will be the one and only hotel by the sea with such an elevated view.

The construction is in perfect legal state of execution and has all the licenses and permits to finalize the work.

This is a perfect investment for those seeking the ultimate in beachfront luxury in one of the most coveted cities on the Brazilian Northeast coast.

Presentation of the hotel:

Location: Cumbuco, Ceará, Brazil.

Close to the best hotels and the trendiest beaches and restaurants of the moment.

Exclusive rooftop: this hotel stands out for its rooftop, the highest in Cumbuco, offering an unrivaled panoramic view of the beach and the ocean.

Number of apartments: 24 apartments, carefully designed to offer maximum comfort and elegance to guests.

Prime location, frontline seaside with direct access to the beach, allowing guests to enjoy the golden sands and crystal clear waters.

Construction status: In progress

Permits and Licenses: All permits and licenses required to operate the hotel have already been obtained.

Exceptional Location: Cumbuco Beach is renowned for its natural beauty and exciting water activities, making it a popular tourist destination.

Design and architecture: With modern design and high-end amenities, this hotel will be a luxurious refuge for discerning guests.

Price per apartment: 417,000 Réais or 83,400 Euros.

Investment plan

* To obtain the amounts in Euros taking into consideration transfer fees, exchange fees + taxes, you must divide by 5.

Price of the hotel under construction + costs: 4,000,000 reais.
Number of apartments: 24.

Amount of work + decoration: 6,000,000 reais.
Total amount acquisition + works = 10,000,000 reais or 2,000,000 Euros

Cost price per apartment:
(10,000,000 / 24) = 417,000 reais.

Market price of an apartment by the sea in Cumbuco in this type of establishment: 12,000 reais / m²

Asset value per apartment: 45 *12 = 540,000 Reais.

Asset gain on purchase: 540,000-417,000 = 123,000 Reais.

Average rental price of an apartment per night 700 reais.

VGLA (General rental value over the year) taking into consideration an occupancy rate of 150 nights, i.e. a very conservative occupancy rate of 41%.

(150 * 700) = 105,000 REAIS – 20% Management Fee = 84,000 REAIS.

Tax: 10%

Net result: 75,600 Reais

Annual profitability per apartment

75,600 / 417,000 reais = 18%.