73 hectares(730,000m2)of prime beachfront land for sale in Sao Miguel do Gostoso/Rio Grando do Norte.The property is on the main road,10kms south of the famous beach resort and can be utilized as a landbanking investment/hotel resort project,subdivision into lots/wind farm/cultivation etc.
The Norwegian owners are offering this huge land parcel for R$2,500,000 reals which works out at less than 3 reals per m2.The lowest price for comparable beachfront land areas in this resort is 20reals per m2 (20times more expensive)
There is a brand-new beachfront condominium developmment that was launched just 200mts from this land,last year and sales have been very brisk on the residential lots.The buyers are mostly Brazilian and 300m2 lots are selling for 40-60,000reals each.
This land parcel could yield more than 500 plots with a potential for over 27 million reals in sales revenue.
The land is fully titled and can be developed.It forms part of a coconut plantation,has direct road access,210 mts of oceanfrontage and stretches back over 4000mts(4kms)with a large lakeside at the end of
the parcel.
Sao Miguel do Gostoso; THE place to invest on the beach right now!
Sao Miguel do Gostoso is fast becoming the most sought after tourist destination north of Natal city for both european and brazilian tourists.The resort has a vibrant mix of small restaurants and over 20 hotels to cater to both package holiday makers and high-end visitors.The town lies approx 90kms from the new international airport with easy road access up the highway.
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