* 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.

Santa Maria, the main tourist town is located at the south of the island, Espargos its capital is at the centre. With much of the new development happening along the sheltered west coast, there is a steady breeze from the northeast therefore meaning the east side of the island tends to be windier, from January to March.

There are plans for an Ernie Els 36 hole golf course, along with 5 star resorts on the west
coast where long stretches of beaches are protected due to their natural beauty.

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.

You should always check costs with your own legal advisers before committing to a purchase.