Details
Address:T1025 - BarraType:CommercialStyle:Lot / LandLot Type:RectangularLot Size:5,900 sq. ft.72ftx82ft"550 m2, 22 x 25 meters"
Description
This lot allows for the construction of an 8 story building with a total constructed area slightly above 2.000 m2 / 21,500 Sq.Ft. The estimated net return of building and selling apartments would be between 35% and 40%.
The lot is located in one of the most attractive suburbs to Balneário Camboriú, with easy access to the city, the highway and the beautiful region of Interpraias. While this suburb is an old fishing village, it is gradually transforming and a new gated community was recently launched. The municipality program for the suburb is extensive, continuing the transformation of the neighborhood.
Despite the current upgrade of the suburb, the proposed project would address the mid income class in Brazil that grew with 10% points the last 5 years. It has been anticipated that this consumers group will be in the focus for construction companies the coming decade.
The readymade apartments can either be sold off on the market, or rented out on long term basis. The rental market in Balneário Camboriú is growing strongly, along with increasing property prices. The new university in the region, which will be inaugurated in a couple of year’s time, will further increase the demand for property rental. The net rate of return from rental activities is expected to be more than 5% per year of the total cost to build this property.
Balneário Camboriú is not only the leading resort area in Santa Catarina, but its population is also growing with almost 5% per year, not counting all property owners that spend several months per year in the city. The connection between the movement and the vacation period is gradually disappearing, and the city now attracts visitors the year around.
The municipality of Balneário Camboriú offers one of the best public services in Brazil, a well developed infrastructure, a safe environment, a charming city center with an immense commerce, a large variety of leisure options, several beaches, and a beautiful nature.
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| ▪Lot suitable for the construction of an 8 story building | ▪Promising return on investment |
| ▪Located in a strongly developing neighborhood with a favorable position | |
"Lot for 8 story apartment building"
Enexco Ltda.
Bo Andersson
Listings
