Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 1
  • Sal Island
Price £55,694
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Property Description

Llana Beach Hotel will once again fuse the sun seekers of the world with those looking for pure investment returns in property. Located on the island of Sal in Cape Verde, Llana Beach Hotel will benefit from all the local area has to offer, from the stunning pearlescent beaches of ponta preta which this development fronts to the quaint town of Santa Maria, just 2 km from this exciting new resort.

As The Resort Group’s third development on the island of Sal, Llana will also get to benefit from facilities spread across all three 5 star developments run by the renowned Hotel and Resort operators, Sol Melia.

Llana Beach Hotel is a development of 601 hotel suites in total, with a choice of Deluxe suites, Garden Duplex suites, Beachfront Suites, Swim-up suites.

There really will be something for everyone at this 5* development.

Facilities for the Llana Beach Hotel will include:

Unmatched swimming pool area throughout the Hotel grounds
Top class Melia Yhi Spa for the ultimate relaxation experience
Family areas including ‘kids pools’
A vast array of restaurants and bars
A sophisticated nightclub
Fully equipped conference centre
State of the art gymnasium
Pool bars spread throughout the grounds
Beautiful beach bar to watch the sunset!

THE OPPORTUNITY:

Llana Beach Hotel offers purchasers the chance to own overseas property in a fantastic emerging location, whilst benefiting from the high rental returns that come with a top hotel operator.

Nestled on the West Coast of Sal in Cape Verde, Llana Beach Hotel is in the perfect location to capitalise on this island’s sterling reputation as one of the best investment locations anywhere in the world. The island benefits from 360 days of sunshine per year on average and sits on the same latitude as Barbados.

Sal in Cape Verde has already experienced very strong growth over the past few years with a tourism market that is booming and very high occupancy rates in hotels and resorts across the island. Lonely Planet recently voted Cape Verde as the number 3 must visit destination for 2011!

Llana Beach hotel does not just offer a high returning investment opportunity; it offers a secure investment opportunity. The developers of the hotel have already completed one development on Sal – Tortuga Beach Resort and they are in the process of building their second development – Dunas Beach Resort, right now!

PRICES:

The prices for each suite are outlined below:

Deluxe suite – €139,950 - €169,950 or 50/50 ownership (€69,975 - €84,975)

Deluxe swim-up - €179,950 - €184,950 or 50/50 ownership (€89,975 - €92,475)

Premium suite - €189,950 - €199,950or 50/50 ownership (€94,975 - €99,975)

Premium swim-up - €209,950or 50/50 ownership (€104,975)

Premium beachfront ground floor - €214,950or 50/50 ownership (€107,475)

Premium beachfront top floor - €209,950or 50/50 ownership (€104,975)

Duplex 1 bed - €184,950 - €214,950or 50/50 ownership (€92,475 - €107,475)

Duplex 2 bed - €249,950or 50/50 ownership (€124,975)

FINANCIAL EXAMPLE:

Payment option 1 – Deluxe Suite - €139,950

€2,000 reservation fee,
45% deposit @ €1.2 - £1 = £52,481.25
3% interest paid for 3 years - £4,723.31
55% completion balance @ spot rate* = £69,975
Total net purchasing price £117,732.94
Net owner income @ 70% occupancy - €12,253 pa – 9.36% yield
Net owner income @ 80% occupancy - €14,260 pa – 10.89% yield
Net owner income @ 90% occupancy - €16,268 pa – 12.42% yield

*Spot Rate today is £1 - €1.1

RETURN ON INVESTMENT:

Please see below for a link to investment tables showing the possible returns available for 3 types of suite.

Llana Beach Hotel ROI Pic

EASY OWNERSHIP:

There are three easy ownership options available for Llana Beach Hotel, each designed with the purchaser I mind:

Option 1 - 45%

Reservation Fee €2,000
Deposit 45%*
On Completion 55% balance to pay

Option 2 - 65%

Reservation Fee €2,000
Deposit 65%*
On Completion 5% Discount
30% balance to pay

Option 3 - 85%

Reservation Fee €2,000
Deposit 85%*
On Completion 15% Discount
No balance to pay!

*Each purchase will be entitled to a favourable exchange rate of €1.2 - £1 on the first 45% of their purchase (a saving of £4,723 off even the smallest unit)

*3% interest is also paid on the first 45% of the purchase price until completion, or for a period of 3 years.

SIPP PURCHASES:

Llana Beach Hotel will be a perfect addition to any Self Invested Personal Pension (SIPP). Llana is a fully SIPP approved product and due to the expected growth of Cape Verde and Sal in particular over the coming years; this outstanding investment could transform any under performing pension to provide you with the comfortable retirement you have always dreamt of.

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