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Residential development for sale in Salvador
Offered for sale, a prime positioned lot of land with full planning permission in Salvador da Bahia. | | | | |
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Real estate for sale or rent | 
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| Property Type: Plots/Land |
Property Site: City / Village |
| Country: BRAZIL |
City: Salvador |
| Zip Code: |
Region: Bahia |
| Address: |
Vacation Property (for rent): No |
| Construction Year: |
Surface Area: 4500 Sq.m |
| Bedrooms: 0 |
Bathrooms: 0 |
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Very special Italian region ; the Italian Riviera is one of the most wonderful places to buy real estate : there are
hills and sea, so you can livein the hills and go to sea when you like .
Key selling points:
* Prime position
* Full planning permition granted
* Privileged sight including a lifetime sea view
* Closeness one of the city's major landmarks: Iguatemi Shopping centre.
* Land value £1million
* Seller looking for a 75 JV
* £3million gross profit easily achievable.
Salvador:
Salvador da Bahia is a city on the northeast coast of Brazil and the capital of the North-eastern Brazilian state of Bahia. Salvador is also known as Brazil's capital of happiness due to its easygoing population and countless popular outdoor parties, including its street carnival. The first colonial capital of Brazil, the city is one of the oldest in the country and in the New World.
The PIB (Produto Interno Bruto) Internal Gross Revenue of Bahia is one of these important factors to be analysed. In the years 2003/2004, the State growth index was 12, 8, twice bigger than the national average. Moreover, in this same period of time, the State of Bahia reached the 6th position in the country economy, presenting 5 of National Gross Revenue and the biggest economy of the Northeast, being responsible for 40 of the Internal Income of the whole region.
Iguatemi is one of the most modern neighbourhoods of the city and one of the main drives for the local economy.
The location:
The plot is located next to ACM Avenue and endowed with privileged line of sight to the ocean, which guarantees a lifetime sea view. It is also close to the avenue Tancredo Neves, one of the main arteries of the city, characterized currently as the new financial centre, headquarters of great companies and other commercial buildings of the city.
The land, neighbour of City TV City and next to TIM, has two separate roads and easy access for the main avenue in the city. Within close proximity we can find many supermarkets, shops, bus terminal and the Iguatemi Shopping and the newest Mall in the city.
Latitude 12°59'5.78"S Longitude 38°28'15.97"W
The investment:
The land has an irregular format, downhill topography and total area of 4.500,00 m².
Due to its characteristics, residential or multi-purpose building(s) would be most suitable usage.
In accordance with a previous consultation (2003) the total permitted construction is 1.5 times the total land area (4,535.60).
The London-based Brazilian seller is ideally looking for a JV where the investor purchases 75 of the company shares, but would consider an outright sale.
A conservative feasibility study shows that the partners can share £3million of gross profit.
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| Furnished: |
No |
Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
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Garden: |
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Parking: |
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