REF-IPI: Cosmopolitan Residencial, Rio Grande do Norte, Brazil

The Investment
?Low risk investment due to the sustainable growth of the Brazilian residential property market
?Estimated capital growth of 20% per annum
?Estimated rental yields of 10% per annum
?Simple and secure buying process
?Units are 100% freehold
?Located in one of the most promising emerging markets, and in the popular Tirol neighbourhood of Natal city centre
?Property valuations in the neighbourhood have increased from an average of 500 BRL per m2 in 2003 to 2,500 BRL per m2 in 2007
?A developing middle-class and increased access to finance has pushed prices up
?The domestic mortgage market is expected to increase 600% by 2014
?With a high demand, fast growing middle-class economy and already over 1 million inhabitants, a clear primary market from amongst Natals locals is already in place for this type of investment
?City Centre Location
?Emerging Market

Development Description
This modern landmark development is located in the Tirol neighbourhood of Natal city.

The Facilities
? Allocated underground parking
? Swimming pool
? Barbecue area
? Gym
? Wifi
? Panoramic lift

The Units
? 29 floors
? 5 apartments per floor
? 2 bed apartments
? 1 bed penthouse apartments
? 290 units in total
? 3 types of apartments in the development:
? 168 'Type A' 55m2 apartments (84 in the North Tower and 84 in the South tower)
? 116 'Type B' 53m2 apartments (58 in the North Tower and 58 in the South tower)
? 6 'Type C' 109m2 penthouses (3 in the North Tower and 3 in the South tower)
? Individual terraces
? Breathtaking sea views available

The Rental Potential
The development offers sound rental potential within one of the most exclusive neighbourhoods of Natal city.
Due to increased buying power amongst the population of Brazil, this local area is experiencing an extreme shortage of housing units.
? The area's well-developed infrastructure allows the highest possible rental yields
? There is a high demand for 2 bedroom apartments from the local Brazilian market

LONG TERM
? Up to 10% gross income on the value of the property
? Until recently only fully furnished hotel rooms were available, making the rental market a new concept
? 3 month contracts are the norm

SHORT TERM
? 30 weeks occupancy per annum is a realistic target
? Option used by many locals with business commitments in the cities
? Also used by foreign and national holidaymakers
? Length of stay can be extended up to 2 months
? Higher yields can be obtained, although occupancy rates are often lower
? Allows owners time to spend in their property for their own holidays
This rental information has been provided by Brazil Overseas Property, an independent company who has successfully been managing property rentals in Brazil

PRICES:
2 bedroom Apartments from 187,150 BRL (approx. Euro 62,771) / 53sqm
1 bedroom Penthouses from 222,677 BRL (approx. Euro 74,687) / 53sqm

The Exit Strategies
The Cosmopolitan Residencial development offers an ideal long or short term investment opportunity
? Strong resale potential to the local market who are now able to finance purchases for up to 20 years
? The local area offers a healthy buy-to-let market, with a steady supply of long and short term tenants, and realistic rental returns of around 10% per annum
? Banco Santander claims there is a shortage of 8 million housing units for Brazil's fast-expanding middle-class

The Security
? The building license has been issued
? The proposed draft of the Private Purchase Contract has been examined and certified to conform with all necessary legal requirements
? Company registration documents have been verified
? Land title confirmation has been obtained

The Developer
? The developer is a Spanish funded company, formed to create lifestyle projects in the Natal area of north eastern Brazil. The developer works in partnership with a company that already has 11 years experience creating residential buildings in the Tirol neighbourhood of Natal, and they have received awards for high quality standards of delivery.

Potential Capital Appreciation
Per annum 20.00% - Conservative estimate from the developer
Potential Rental Income
Per annum 10.00% - Conservative estimate from the developer

Development Timetable
Construction Start: 1st Quarter 2009
Construction End: 1st Quarter 2011

Location Details
The project is located in the Tirol neighbourhood of Natal, the most exclusive neighbourhood in the city. It enjoys a privileged location, being separated from the beach by a nature reserve
? Tirol has the highest real estate valuations in the entire city
? Demand for housing units in Tirol outstrips current supply
? Land prices per m2 in Tirol have increased from an average 500 BRL in 2003 to 2,500 BRL in 2007
? Tirol boasts the best schools, medical centres, cinemas, banks and restaurants
? Close to the main shopping centre
? Direct access to the ?Park of the Dunes? a natural reserve of Atlantic Forest

By Air
The nearest airport to the Cosmopolitan Residencial development is the Augusto Severo International Airport, located 18km from the centre of Natal city. Flights to Natal are operated by the following airlines:
? TAP Portugal: London, Berlin, Amsterdam, Porto, Lisbon, Malaga, Gran Canaria, Barcelona, Frankfurt
? TAM: Madrid, Paris, New York
? Gol Transportes Aereos: London
? British Airways: flights from Heathrow to Sao Paolo, where a connection to Natal can be made with BRA Airlines

By Road
A good road network leads to Natal. The main highways connecting the city to other main Brazilian cities include the BR101, BR406, BR226 and the BR304. The distances from Natal to other major cities are as follows:
? Joao Pessoa: 150 km
? Recife: 250 km
? Fortaleza: 430 km
? Maceio: 430 km
? Salvador: 870 km
? Brasilia: 1,770 km
? Rio de Janeiro: 2,100 km
? Sao Paolo: 2,340 km

Local climate
Natal has a tropical climate with warm weather throughout the year. The area has a near absence of extreme temperatures and, being located close to the coast, it enjoys a refreshing, light ocean breezes
? January experiences the highest temperatures, with an average of 32ºC
? July experiences the coolest temperatures, with an average of 27ºC
? Pleasant Trade Winds arrive from the ocean

PLEASE CONTACT OUR OVERSEAS DEPARTMENT ON 01-6771188 FOR FURTHER DETAILS.

Features:

- Fully licensed and bonded Estate Agents (S1229A). Authorised by the Financial Regulator - A004235/06
- Low Risk Investment
- Wide selection of properties available
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