|
Concept
This is an extremely exciting product offering you the investor the chance to invest in land plots on Santiago Island (Cape Verde). The beauty of this investment is that you do not complete on the plot purchase, you just receive a fabulous rate of return as all of the plots come with a guaranteed buy back from the developer. This opportunity may also be an allowable investment within a SIPP (Self Invested Personal Pension plan) depending on the SIPP provider. Independent Financial advice should be sought. If this is your preferred method one of our in-house advisors can discuss this option with you.
How Much Can I Invest?
Each contract is a fixed purchase price of £25,000.
What Returns Are Available?
If you are investing in June 2008 the returns on the two options available are as follows;
Option 1 – Fixed Term - 48.62% (Reducing by 1.38% per month/accrued daily)
Option 2 – Fixed Term – 25.3% (Reducing by 1.1% per month/accrued daily)
For example, if proceeding with option 1 you would invest £25,000 with a net return at maturity of £37,155
When Does It Mature?
Option 1 - 1st May 2011
Option 2 - 1st May 2010
These terms cannot be extended because the land plots already have detailed planning consent in place.
What Is The Risk Factor?
Your monies are deposited into a UK client account with the Yorkshire Bank. All monies within the account are protected by the contract. Investors will receive a UK contract confirming the returns applicable to their investment term plus each month, the development company will produce a statement on request showing the notional accrued interest being paid on your personal investment monies.
Are There Any Other Costs?
Just two; an administration fee of £175 at the beginning of the investment term and another administration fee at the end of the investment term of £375 which are both payable to the development company.
Exit Possibilities
There is an option for early release but the investment plan is designed for a fixed term. The early release fee is £750 plus the value of the return is discounted by 15% to facilitate the time taken to find a new investor.
How Do I Invest?
£1000 is payable to reserve an investment with a simple application form to be completed accompanied by a passport or driving licence photocopy for money laundering purposes. After this, you must ensure the balance payment to start the investment of £24,000 is received into the development company’s segregated client account on or before the end of the month in order to maximise your return.
|
