Last month we told you why Cape Verde has become such a popular destination with adventurous property buyers. If the pristine beaches, turquoise sea and year-round sunshine have inspired you to buy there, you’ll want to know about the archipelago’s most impressive new development: White Sands Hotel & Spa on Boa Vista.
Boa Vista
Boa Vista, Cape Verde’s most easterly island, simply means “beautiful view”. And you’ll understand why when you set foot on its 55 kilometres of coastline, where rocky coves punctuate white-sand bays. Away from the fabulous beaches, the island’s pretty capital, Sal Rei, and desert interior make Boa Vista an intriguing and increasingly popular destination.
Ready to hit the beach in Boa Vista?
White Sands Hotel & Spa
White Sands Hotel & Spa is the latest development from The Resort Group and the first on Boa Vista. They have four luxury beachfront resorts already in operation on the island of Sal. These are the Meliá Tortuga Beach Resort, Meliá Dunas Beach Resort & Spa and Sal’s first adult-only hotels, TUI Sensimar Cabo Verde and Meliá Llana Beach Resort & Spa.
White Sands Hotel & Spa is the latest development from The Resort Group PLC and the first on Boa Vista.
Managed by the world’s largest resort hotelier, Meliá Hotels International, under their prestigious 5-star Meliá banner, this luxury resort will provide a deluxe guest experience. Adult only and family sections will guarantee a high-quality, tailored service. A diverse range of facilities will ensure guests of all ages enjoy pure relaxation and superior service. From fine dining restaurants, a sumptuous champagne bar, chic beach bars and luxury swimming pool, to children’s pools, a baby pool, adventure playground and a kids club, there’s something for everyone.
Types of property
So what will you pay? The White Sands Hotel & Spa resort will offer investors a range of accommodation:
White Sands Hotel & Spa
Premium Suite
Price: €180,050
Floor: third
Build area: 35m2
Terrace area: 5m2
Premium Garden Suite
Price: €174,800
Floor: ground
Build area: 35m2
Terrace area: 5m2
Garden area: 20m2
Premium Plus Suite
Price: €180,050
Floor: ground
Build area: 37m2
Terrace area: 6m2
Garden area: 22m2
Deluxe Garden Suite
Price: €191,450
Floor: ground
Build area: 36m2
Terrace area: 5m2
Garden area: 20m2
Duplex Suite
Price: €243,050
Floor: first
Build area: 57m2
Terrace area: 10m2
Investing in property
The Resort Group PLC’s innovative model for property investment, including ongoing work to boost tourism, delivers assured returns. As an investor you are able to capitalise on thriving tourism in the region, which ensures strong capital growth and appealing rental conditions.
Purchasing a luxurious 5-star property at the White Sands Hotel & Spa presents a number of enticing ownership benefits.
Purchasing a luxurious 5-star property at the White Sands Hotel & Spa presents a number of enticing ownership benefits. All suites are sold on a freehold basis, individually registered under a separate legal title. This ensures you own the title to your property, enabling you to decide how it’s managed and how you will use it as an investment.
You might choose to keep your luxurious holiday home in the sun to yourself, to use whenever you choose. Or you might decide to rent it out when you’re not there, presenting two options:
• The Hotel Management Scheme: this offers hassle-free management, combined with consistent rental returns. Everything is taken care of on your behalf and you will receive a share of the rental revenue. Plus you’ll be entitled to holiday in your property for up to 5 weeks each year.
• Independent rental: you can either self-manage your property independently by renting to family or friends, or list it via an independent rental company. This option allows you to use the property for longer than the five-week personal usage period.
Fixed returns
Anyone looking to purchase at the White Sands resort, or one of The Resort Group PLC’s other 5-star Cape Verde developments, could take advantage of fixed rental returns during the resorts first three years. By doing so investors will guaranteed 5% in the first year, 6% in the second year and 7% in the third. After which they will become part of the Hotel Management Scheme.
Capital growth
As well as rental income, investors will be hoping to sell their property for more than they paid for it. What expectation can they have of that? Several factors suggest that property will increase in value strongly – at least as fast as any other major tourist destination. Most importantly, demand is rising. Tourist arrivals are forecast to increase by a minimum of 5.8% per year until 2027. But supply of the most high-quality beachfront is strictly limited.
At the Meliá Dunas Beach Resort & Spa, according to RICS valuation standards, average capital growth was between 5.7% for villas and 8.3% for one-bedroom apartments for five years for buyers who bought off-plan.
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