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Key selling points
- 5 minute drive from airport
- Unobstructed view to the Atlantic Ocean & Murdeira Bay
- Direct access to beaches
- Open air walkways and jogging tracks
- 5 year warranty on concrete structures
- 1 year warranty on all proven defects material & workmanship
This latest exclusive development follows the award winning Vila Verde Santa Maria development, which has proved to be an outstanding success. Both developments have been sympathetically designed by eminent architect Nuno Leonidas in keeping with Cape Verde’s Portuguese history.
These spacious developments have been carefully planned to have a village feel and atmosphere. Vila Verde Porto Sal, will enjoy a front line location on 2km of coastline at Murdeira Bay marine reserve, with the majority of property having sea views. Vila Verde Porto Sal offers high quality and high specification property by an experienced and established Cape Verdean developer.
TECNICIL, is the largest and most established developer in the Cape Verde islands with a rapidly expanding reputation for quality and integrity. They have the ability to deliver investment priced homes with outstanding build quality, to an increasingly demanding market.
SERVICES & FEATURES CCTV security for each entrance and for public spaces; Resort security personnel; Building and pool maintenance; Garbage collection and disposal; Gardening; Cleaning; Internet and cable TV; Country club membership; Public transportation; Taxi service;
ADDITIONAL RESORT FACILITIES Restaurants and snack-bars; Pubs and bars; Shops; Supermarket; Petrol station and car washing; Fitness and beauty parlours; Kindergarten;
OPTIONAL PACKAGES Furniture; House ware and linens; Air conditioning units; Solar water heating systems; Home security systems.
GUARANTEES Five year warranty on concrete structures; One year warranty on all proven defects on material or workmanship; Suppliers warranty on equipment;
PAYMENT TERMS The standard payment terms are as follows: 30% of the unit price with the signature of the Promissory Contract; 20% of the unit price with the start of construction; 50% upon completion and deed
DISCOUNTS Discounts on Vila Verde listed prices are based on payment terms. Bulk buyers or investors (over 10 units) will benefit of discounts.
PROCEDURES Clients are given the following options to make a purchase: To make a reservation of a property unit the client should pay €3,000 fee; The Promissory Contract of Purchase and Sale (Promissory Contract) has to be signed within 28 days from the date of Reservation; The client has to pay the first instalment (minimum of 30%) with the signature of the Promissory Contract;
ADVANCE PAYMENT BANK OR INSURANCE GUARANTEE Bank or insurance guarantee will be issued on the following terms: The guarantee will cover 50% of the payments made by the client until the start of construction (included); A general Comfort Letter will be provided by the guarantor confirming the commitment to issue the guarantee immediately after the advance payment has been made and received; The specific date of expiry will be stated in the guarantee; The beneficiary of the guarantee will be the client;
RESORT MANAGEMENT Vila Verde Resort and property units will be managed by a property management company, which will take care of all components of the resort and, within the terms agreed with each owner, will manage the rental plan;
LEASE BACK Clients will be given an annual rental return of 5% for 5 years under the following terms: The property unit has to be available to the Management Company 365 days per year; The payment of the rental return will be semesterly; The property unit should be furnished according to the management company directives;
SUBROGATION OF RIGHTS (off-plan re-sale or assignment contract) There will be no restrictions to assign the contract to a third party. The assignment contract shall be approved by TECNICIL.
OWNERSHIP All Vila Verde property units are freehold.
CONSTRUCTION AND DELIVERY Construction of Phase 1 will start in November 2007; A typical construction period will be 24 months for each phase; Construction phases are defined by the Developer.
FURNITURE Clients will be given at least 2 options to choose furniture packs; The price of the pack should be paid 50% with the order confirmation and 50% with the delivery.
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