Extensive Land for Residential and Commercial Development in João Pessoa

Details

Land João Pessoa: extensive area, 3.780.000 m², good infrastructural access, high developmental potential

For sale is a unique area, unique in its size and location, that is right in the center of João Pessoa. The total size is 3,787,323.83 m², in a privileged location located in one of the most strategic areas in the capital of Paraíba, with easy access to important roads, allowing for a quick and practical connection between the main satellite cities and five neighborhoods.

This area will include horizontal and vertical residential units, areas for services, schools, businesses in general and also land that will be used for non-polluting industrial construction (without chimneys), logistics warehouses, distribution centers, companies, etc.

We estimate an average of 1,500,000 m² constructed area, where the PSV can exceed 2 billion in the case of subdivisions and gated condominiums.
The project has not yet been approved, but it is already being evaluated and will be presented at city hall next year, as next year the city of João Pessoa will have a new master plan and the project is already being created in accordance with the new city hall requirements.

About the Location:

The strategic location combined with a future infrastructure of automotive collector roads, connecting five neighborhoods, starting from the center
even BR, makes it a smart choice to invest. With the city’s continued growth, this promising region is destined to become a development hub, providing
excellent opportunities for financial return.

A kmz-file is available and can be sent on request.

We at Real Estate Brazil accompany clients during the sales process and provide encompassing consulting services.

Observations:

1. This property is explicitely for sale, not for rental of any kind.
2. It is recommended that potential buyers conduct a visit of the property with a subsequent diligence in order to make an informed decision on whether to proceed with the purchase. It is however expected that the prospective client has the necessary financial means to purchase. It is important to note that Brazilian banks or in general financial institutions do not give, under any circumstances, loans or mortgages to foreigners. Also, it is very rare that European or American banks concede loans or mortgages for purchasing real estate in Brazil. It is thus indispensable to have the proper capital in order to effectuate a purchase.
3. The buyer/investor does not pay any kind of commission to the realtor in Brazil – the commission is strictly the responsability of the seller. However, the buyer is responsible for paying the notary costs as well as the ITBI (Imposto de Transmissão de Bens Imóveis – the property transfer tax) which ranges, depending on the state, between 2 – 3 %.