Introduction

Description

Morabeza

São Francisco beach, Santiago, Cape Verde

View of site location (for approximate visualisation ONLY)

COMMERCIAL: Hotel, Restaurant, Bars, Fitness Centre/Gym, Shops/Grocery Store, Tennis court, and Public Amenities.

RESIDENTIAL: 14 plots for luxury Villas, approximately 300 apartments.

A beachfront development on São Francisco beach, Santiago, Cape Verde totalling 60,000 m². Situated in the heart of the tourist zone along the northern coast north of the capital, this project will be a low-density (land occupation 20%), high-quality development which will include a 4* hotel with an array of supporting facilities necessary within a self contained holiday resort complex.


This is without doubt one of the best off-plan developments available in Cape Verde at present. This development will offer something for everyone. With beach frontage, hotel support structure and a highly competitive price structure, this is an opportunity for both end buyers and investors to own their bit of investment paradise. The launch of this development is structured to enable buyers to benefit from early stage prices, underpinning an already strong argument for accelerated capital growth with the benefit of first–mover advantage.


Overview
Santiago is the archipelago’s largest and by far most populated island. The capital city of Cape Verde, Praia, is located in Santiago. Praia is the financial, governmental, corporate and commercial centre of Cape Verde. For the tourist, Santiago is packed with historical interest, magnificent scenery which comes into its own in the latter half of the year after the rains, a limited number of high quality white sandy beaches (which makes this development all the more selective as it is one of the best) and several mixed-tone beaches, great food and nightlife and a variety of attractions and adventure – making it an ideal holiday destination. In fact, the government has ear-marked Santiago to become a significant luxury tourism destination, and the limited number of beaches implies that large-scale integrated resorts will sit best in its landscape. Santiago is also destined to become an excellent golfing location, with a number of golf courses in development and planning stages. In terms of urban expansion, the suburb of Palmarejo offers an much sought-after location for expatriate Cape Verdeans as well as tourist long-term rentals.

It’s the beauty of Santiago that really grabs you. Like Santo Antão but with much more potential in terms of investment returns, the interior is formed of two imposing and spectacular craggy mountain ranges which differ markedly to the desert islands of Sal, Boavista and Maio. The interior offers deep verdant valleys and lush plantations filled with banana, sugar cane, papaya, mango, date and coconut palms, plus a surprisingly wide variation of vegetables, hence the Island is known as the bread basket of the archipelago. There is a great contrast between the mild and humid climate of the higher regions and that of some lower regions, which are dry and arid. The island is dotted with picturesque rural villages, while the coastline is a series of fishing communities. Elsewhere, there are gorgeous parks and gardens, such as the region of São Jorge, a botanical garden full of indigenous species surrounded by a forest of eucalyptus trees and nearby possibly the largest baobab tree in the world. The view of these regions from above is truly magnificent. Sightseeing alone can occupy several days, unlike most of the other islands. Hiring a jeep is the best way to try to see as much as possible of Santiago’s diverse landscapes. Santiago’s marine life is plentiful with coral reef teamed with multi-coloured fish. Some of the beaches are a nesting place for turtles.

Development Features

· Beach and sea frontage - when we say frontline we mean frontline
· Step out onto the beach – any closer and you would be in the sea
· Seated sweeping round the beachside hill – maximised panoramic views
· All properties will have elevated sea, beach or country/valley views
· Location is at the best beach within 15 minutes of the capital, Praia, using new ring road, which has already opened
· Hotel, restaurant and sports facilities planned
· Freehold ownership
· 4 bedroom villas, 3 and 2 bed apartments, hotel room ownership

It is estimated that this will be the first fully completed development in this region of the island. The location itself will make this development unique.

It is estimated that this will be the first fully completed development in this region of the island. The location itself will make this development unique.

In close proximity, but approximately 800m further inland, on a completely elevated and quite windy plain, is a large integrated resort which has sold more than 700 units over the last 24 months. A large percentage of those units will not have a sea view and none will be closer than about 800 metres from the beach (on which this development is situated).

• Boasts the capital and most populated city, Praia, with a corresponding level of potential business and tourist visitors, an essential component to the long-term viability of rental potential for the development
• Praia is the financial, governmental, corporate and commercial hub of Cape Verde.
• The most populated island of the archipelago, (over half of Cape Verde’s total population lives here today), indicating a work force that is much more skilled and easier to train than elsewhere
• Santiago is set to become a significant luxury tourism destination.
• The largest island of the archipelago.
• The largest (and one of only two) deep water ports in the country.
• New international airport opened Oct 05 – a vital second airway in to Cape Verde.
• Santiago is experiencing and has at planning stage, a considerable amount of internal and foreign investment.
• Has the best hospital in the archipelago (and probably West Africa) and several private medical and dental clinics.
• Greater potential for price growth, because of lower average property prices than Sal.
• Planned to become a major golfing destination. Two golf resorts in development and others at planning stage.
• The following counties maintain embassies in Praia – Angola, Brazil, the People's Republic of China, Cuba, France, Germany, Portugal, Senegal, Russia, Spain (recently opened) and the United States.
• Santiago historically ‘was’ Cape Verde and has the most history and overall, the broadest selection of attractions.
• Most of the endemic bird species are in Santiago and Santiago has amazing marine life.
• Hosts the largest internationally recognized festival.


Santiago Island Overview

Introduction

Key facts
Population: Around 240,000 (over 50% of the entire CV population)
Density: 242 inhabitants/km
Main town/city: Praia (CV capital and largest city) (pop: around 117,000)
Area: 991 km sq
Length: 75 km (north to south)
Width: 35 km (west to east)
Airport: International
Ferry port: Yes (to São Vicente, São Nicolau, Brava, Fogo, Santo Antão)
Latitude: 15.077 (15°4'40 N)
Longitude: 25.624 (25°37'29" W)
Municipalities: Praia, São Domingos, Santa Catarina, Santa Cruz, São Miguel,
Tarrafal
Highest point: 1,394 m (Pico d'Antónia)
Main industry: Agriculture, fishing and services industry.
Eco aspects: Mountain walks, endangered and rare birds