development site for sale.Discovery Coast Bahia Brazil

Prime residential beachfront

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Concept visual

Virgin beach area for sale 500,000 meters

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Cocoa Beach resort

Cocoa Beach is a stunning coastal sanctuary

development in a large L-shape, covering a total area

of 168.5 acres with 355 metres of beach front. It is

located on the southern edge of the town of Belmonte,

on Brazil’s Discovery Coast, in the state of Bahia.

The town has a population of around 22,000 and

boasts distinctive colonial architecture and the historic

Belmonte Lighthouse. It is situated on the banks of the

River Jequitinhonha where it meets the Atlantic Ocean

and is edged by the rainforest. Belmonte is a thriving

agricultural town and historically a Cacao nut growing

area. There is a range of existing amenities and

attractions on offer including shops, schools,

restaurants, bars and a hospital. There are some

exciting plans to regenerate parts of the town too and a

new bridge over the river.

Beach front at Cocoa Beach

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The site is L shaped and for reference is known as Beach front area and Rural area, the entry level plots are located in the rural area and the premium plots in the Beach area.

Total area of site 676.598 square meters (167 acres)

355 Linear meters of virgin beach front

Current permission includes

Residential area 479.560 m2 = 70.88%

Commercial centre area 1,500 m2 = 0.22117%

Roads/Avenues 113.040 = 16.707%

Recreation areas 4.482m2 = 06624%

Build area = to 30% of plot plus 50% to first floor

Belmonte town to provide access road to site

Electricity will be bought to the edge of the site by supplier.

Water will be from artesian wells (3required)

Site is within town planning area and therefore has no environmental issues

Site details, plan and current planning design

Beach

Rural

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Prime beach front land now for sale show in red

For sale

For Sale a prime beach front development site with

planning for a residential villa resort.

Current planning granted for 907 villas, subject to

planning revision this could be reduced to include a

5 star hotel and beach club, creating a world class resort

befitting of the unspoilt tropical location.

Creating a year round premium resort for both the

villa owners and the hotel, with a wide range of

Facilities and services.

The close proximity of Belmonte provide the

opportunity of local employees and services.

360 square meter land plots have been sold in the rural

area to the north of the site during the last 12 months

at $82.50US dollars per square meter equal to $29,700

Each plot has planning for a detached villa.Concept visuals

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Site details

The site is a large L shaped area of land ,676,598

square meters with 350 mts of beach front, The

Planning permits are in place with planning granted

for a mix of residential villas and community facilities.

Offered for sale 500,000 square meters with Planning

granted for 457 plots varying in sizes from 360 sq mts

to 1,300 sq mts. Larger plots can be created by joining

plots. Our revised plan shows a hotel and a reduction

of plot numbers to 207 taking the development up-

market in order to meet the market requirement in the

area for an high quality resort. A revised planning

application is required, the local mayor has supported

the new design.

Design and drawings are available.Concept visuals

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Price, terms

Priced to sell this is an opportunity to purchase a

prime freehold development on the beach , with

planning granted, located in possibly the safest and

most exciting Emerging Market in the world .

The Price:

$17 US dollars per square meter, equal to a total of

$ 8,000,000 US Dollars for a quick sale this is almost

half the current valuation of 14 million US .

The developer is happy to retain the rural area and build

the infrastructure to this area, however should the

purchaser wish he will also sell the remaining rural plots

equal to approximately a further 62,000 square meters.

Terms: Deposit on acceptance of a sale with balance

on signing of contract and completion. A level site ready for infrastructure

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Indicative Development Appraisal based on the sale of the villa build to the beach area

• INCOME $

• 207 Large Villas Sold @ $875,000 on average 181,125,000

• LESS --Sales Commission at 8% (14,490,000)

TOTAL 166,635,000

• EXPENDITURE

• Purchase of development 8,000,000

• Infrastructure 7,000,000

• Build Cost 207 Villas ($900 sq m on average size of 350 sq m) 65,205,000

• Contingency 5% 3,610,250

• Professional Fees and Costs for 5 yrs @ $770,000 pa 3,850,000

• Land Tax reducing on a year basis budget for 5 yrs: - 2 375,000

• TOTAL 88,040,250

• PROFIT $ 78,594,750 excludes hotel development and ongoing revenue streams and profit generated through services and rental share programme.

A full cash flow and draw down details are available.

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Location, Belmonte, Bahia, Brazil

Discover tropical living on Brazils Discovery Coast9

Contact details

Diamond Resorts Brazil ltd

Office; +44 (0) 1342 811 999

Mobile; +44 (0) 797 3988 265

E Mail; derek@drbltd.co.uk

Web: www.drbltd.co.uk

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