* 5 star beach front resort
* 1 mile from planned Ernie Els golf complex
* 5% per annum leaseback guarantee (3 yrs)
* Excellent "pre-release" investment opportunity

** PRICES TO INCREASE BY 10% AT END OF SEPTEMBER 2007 **

Anticipated completion (Phase) March 2009

Introduction:

5 star hotel & beach resort at Ponta Preta Beach, close to Santa Maria on the Island of Sal. One bed apartments & 2/3 bedroom townhouses available with guaranteed leaseback of 5% for three years. Fantastic investment opportunity from just £60,000 (€89,000).

LEASEBACK - 5% FOR 3 YEARS

The developer is offering a 5% leaseback for 3 years following completion of these units. No contract has been provided as yet for this guarantee and whilst we have no reason to believe that this guarantee is in doubt, experience has taught us to approach such offers with caution. We are currently lobbying the developer to ask them to consider making the guarantee form part of the initial promissory contract. We will advise you further as soon as we hear something positive in this respect.

Notwithstanding the lack of a contract for the guaranteed rental, we do not feel that this inhibits the attractiveness of this opportunity to any great extent given the excellent location, quality and price of the units.

Cape Verde Beach Resort will be managed by a well known brand name, therefore creating a ready made rental management and leaseback opportunity.

The developer will be building up to 500 apartments and town houses which will be released in phases.

The development will have swimming pools, bars, restaurants and shops as well as the luxury hotel.

The site itself runs right onto the beach; to the south there is a protected zone and to the north a site for a further 5 star resort.

Just 5 minutes away are the planned Ernie Els golf courses and a water park. With unspoilt beaches and a position close to the town and new golf course, this will be a popular site and one of the best plots available in the South of Sal.

PAYMENT PLAN:

Reservation fee - (refundable if planning and land title documentation are not confirmed) £2,650, which includes £150 arrangement fee.

40% first stage promissory contract,
30% outer shell,
20% roof
10% completion

The £2,500 (reservation fee less arrangement fee) is deducted from the 40% stage.

10% discount on the prices is available for any client paying 70% at the first stage.

APPROXIMATE COSTS OF PURCHASE

An estimate of the costs (in addition to the published purchase price) of purchasing in Cape Verde including all taxes, legal costs and notary fees is between 6 - 8% of the purchase price.