Portuguese holding company sells development land of 243 hectares (600 acres). Flat topography 1,600 linear meters of beachfront situated on the Discovery Coast, South littoral of the state of Bahia. Water and Power are in place, three new houses and plenty of coconut trees and Atlantic forest vegetation. The property is totally walled, except at the beachfront.
An hour's drive from the international airport in Porto Seguro (66km) and 3km from the nearest town, Belmonte. The land is in an expansion zone for tourism, Urban Extension, set after the studies for the preparation of Municipal PDDU of Belmonte with the possibility of building different types of projects, including eco-resorts, private condominiums, mixed-use developments, etc.
Eligible property for subdividing into smallest plots to develop exclusive and luxurious private beach front condos, boutique hotel, lifestyle resort. Due to the size and characteristics of the property, it could be used in many ways, whatever the buyer's interest.
There are no types of liens or encumbrances over the property or on the holding shares (titles) of the company. This sale includes: the sale of the Portuguese holding (Luso-Brasil SGPS, SA) company and the sale of the Brazilian holding company (Lusobrasil Empreendimentos, Ltda) and the property with all existing infrastructure and environmental studies completed.
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