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Land Plots in Santiago, Cape Verde
Location: Cape Verde / Santiago Ref No: 100/4434 Type: Price: € 28,730 ( £ 25,000 ) Bedrooms: 0 Bathrooms: 0 |
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Property Description:
This is an investment placement in the first instance and works as follows:-
We are offering, initially, 55 individual land parcels, all of which have detailed planning consent and you are able to have all the due diligence per plot you like.
We are offering each plot at £71,500.
We require a 35% deposit or £25,000.
The client(s) deposits the required funds into a nominated solicitor's segregated client account showing the ability on behalf of the developer.
The developer will receive a gross interest payment paid monthly on this amount. This will be used for interest servicing of debt and marketing reserve. The developer will not be able to access the capital for any reason.
In return the developer will undertake the following:-
Based on a £25,000 investment:
On 1st September 2009 the developer will pay a return of 17% (50% of net) on the grossed up amount of £25,000 – i.e. £25,000 plus 50% of net = £25,000 + £12,500 = £37,500. This offering begins as at 1st June 2007 and reduces in a straight line at 1.9% recurring over the 28 month period.
There is an admin fee of £175 payable on application – non refundable – to the developer.
On the sale/buyback of the investment there is a closing admin fee of £375 payable to the developer.
Fixed Term and Fixed Return Land Plots:
What Are Fixed Term and Fixed Return Land Plots?
In simplest terms it is a deposit account for a fixed term with a fixed rate of return for that period secured against a plot of land with planning permission.
Why Use Fixed Term and Fixed Return Land Plots As An Investment?
• Investors' money is paid in to Yorkshire Bank Segregated Client Account.
• Investors' money never leaves the UK.
• The developer cannot access the capital for any reason. Capital is secure.
• Increases to the account can be seen on monthly statements passed to the IFA.
How Does It Work
• Clients invest £25,000
• The money is deposited for a fixed term.
• For each plot application there is an admin fee of £175.
• Clients may invest in multiple plots.
• The money is deposited into the Yorkshire Bank Segregated Client Account.
• The money never leaves the UK.
• The money is held in this account for the duration of the term.
• Stage Payments received by the developer are deposited into the account at regular intervals throughout the term. Investors will be able to see the balance of the Segregated Client account grow throughout the fixed term of the investment.
• At the maturity date the client is repaid their original capital plus the associated uplift; as defined by the table below.
• At maturity there is a closing fee of £375 payable to the developer per individual plot.
• This can be paid in advance, paid separately at the end before the funds are released or taken from the uplift.
• The developer receives the interest from the account.
This is an investment placement in the first instance and works as follows:-
We are offering, initially, 55 individual land parcels, all of which have detailed planning consent and you are able to have all the due diligence per plot you like.
We are offering each plot at £71,500.
We require a 35% deposit or £25,000.
The client(s) deposits the required funds into a nominated solicitor's segregated client account showing the ability on behalf of the developer.
The developer will receive a gross interest payment paid monthly on this amount. This will be used for interest servicing of debt and marketing reserve. The developer will not be able to access the capital for any reason.
In return the developer will undertake the following:-
Based on a £25,000 investment:
On 1st September 2009 the developer will pay a return of 17% (50% of net) on the grossed up amount of £25,000 – i.e. £25,000 plus 50% of net = £25,000 + £12,500 = £37,500. This offering begins as at 1st June 2007 and reduces in a straight line at 1.9% recurring over the 28 month period.
There is an admin fee of £175 payable on application – non refundable – to the developer.
On the sale/buyback of the investment there is a closing admin fee of £375 payable to the developer.
Fixed Term and Fixed Return Land Plots:
What Are Fixed Term and Fixed Return Land Plots?
In simplest terms it is a deposit account for a fixed term with a fixed rate of return for that period secured against a plot of land with planning permission.
Why Use Fixed Term and Fixed Return Land Plots As An Investment?
• Investors' money is paid in to Yorkshire Bank Segregated Client Account.
• Investors' money never leaves the UK.
• The developer cannot access the capital for any reason. Capital is secure.
• Increases to the account can be seen on monthly statements passed to the IFA.
How Does It Work
• Clients invest £25,000
• The money is deposited for a fixed term.
• For each plot application there is an admin fee of £175.
• Clients may invest in multiple plots.
• The money is deposited into the Yorkshire Bank Segregated Client Account.
• The money never leaves the UK.
• The money is held in this account for the duration of the term.
• Stage Payments received by the developer are deposited into the account at regular intervals throughout the term. Investors will be able to see the balance of the Segregated Client account grow throughout the fixed term of the investment.
• At the maturity date the client is repaid their original capital plus the associated uplift; as defined by the table below.
• At maturity there is a closing fee of £375 payable to the developer per individual plot.
• This can be paid in advance, paid separately at the end before the funds are released or taken from the uplift.
• The developer receives the interest from the account.
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