Embed Size (px)
DESCRIPTION
Village at Town Center offers a range of 1 to 3 bedroom condos. Prices from only $54,900. Net Yields 10% currently being achieved.70% below it's peak selling price.
Citation preview
The Village at Town CenterOrlando, USAFrom $54,900
InvestmentProspectus
Property frontiers
The Village at Town CenterIt has been an exhaustive search to find a property of this quality in Orlando that allows the flexibility of long term rentals as well as vacation use. The Village at Town Center has enabled us to bring an exciting lifestyle opportunity with sound investment fundamentals in an area which we consider to offer the best value real estate in the world at the moment.
Property Frontiers has exclusive access to this product at incredibly discounted prices, with 1 bedroom condominiums available from $54,900, these units are around 70% below their peak values and 50% below their replacement build costs.
The unique feature of The Village at Town Center is the flexibility of the investment. Clients looking to invest can use their purchase for buy-to-let purposes with current Net Yields of 7 - 10% currently being achieved from existing tenants on long term leases.
For those looking to take advantage of the lucrative short term and vacation market, a very conservative rental rate and occupancy would deliver net yields of 12%.
Finally, for those that are looking for that second home in the sun and want to be close to all that Orlando has to offer The Village at Town Center is literally on the doorstep of the epicentre of the global tourism market. Recently refurbished, it is presented in immaculate condition with a full compliment of amenities including swimming pool, club house, state of the art health and fitness centre, volleyball, basketball and tennis courts.
Florida is undoubtedly offering the best value real estate investments in the world. This may seem like an outrageously bold statement, but in order to support it all you need to do is look at what is currently being sold across the global market:
Carlisle, UK - 2 bedroom apartment - $160,000
Tirana, Albania – 2 bedroom apartment - $125,500
Belgrade, Serbia – 2 bedroom apartment - $169,000
Orlando, Florida – 2 bedroom apartment - $67,000
Value is not merely a question of what a property costs, it is an assessment based upon what a property is worth. The multi- faceted nature of the Florida economy and the global appeal for tourism anchor Florida as a highly valuable place to own property.
There has never been a better time to invest in property in Florida as current values are 50% of replacement cost offering once in a lifetime value.
There is movement in America to open up finance for condominiums again which would undoubtedly result in a spike in values so we urge you to get involved now and reap the rewards.
Christopher ChaddProject Manager
Christopher ChaddProject Manager
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 3
A unique investment in Orlando….
To discuss this limited investment opportunity with one of our consultants please contact us on now +44 (0) 1865 202 700
The Village at Town Centre is a luxury condominium community located just minutes from Orlando’s World famous attractions and featuring a wide range of resort facilities. The Village at Town Centre is zoned for both long term and vacation rentals which therefore offers a unique range of investment strategies;
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 4
Exceptional value and growth potential...!
Purchase Price $67,800
Assuming a return to near 2006 prices
Value: $225,530 Profit $157,630
Assuming a recovery to build cost.
Value: $140,797 Profit $72,897
Assuming a recovery at a rate which would reach build cost over
eight years.. Value: $99,412 Profit $31,512
The crash in US property has created some exceptional investment opportunities. We believe The Village at Town Center is one of the best available. There is now substantial evidence that property prices in Orlando have bottomed out and that a return to realistic value is literally in the short to medium term. Currently prices are 50% below replacement cost and 70% below peak value.
Reducing SupplyCompared to last year, the December inventory level is 30.97% lower than it was in December 2008.
A lack of new build activity over the past 2 years means that available housing stock in the Orlando area is rapidly running out.
The Evidence...
Prices RisingThe median price of all existing homes combined sold in December increased 1.63 percent to $125,000 from the $123,000 recorded in November 2009.
Brokers forecast sustantial price rises througout 2010 with prices approaching replacement costs within the short to medium term.
Increasing DemandOver the last 6 months sales activity has doubled compared with the same period in 2008,
Pending sales finished out 2009 a whopping 150.02% above 2008.
The sales of condos in the Orlando area increased by 163.87 percent in December when compared to December of last year.
The Village at Town Center represents a fantastic buy to let investment. With tenants already in place you can look forward to an absolutely turn key and hassle free, fully managed investment. With current occupany running at 91%, you can be safe in the knowledge that going forward your property is likely to continue providing you with fantastic returns on your investment. Looking at a number of key factors, a condominium in VTC makes perfect sense.
Economic Growth in Orlando is on the up. �
Lot of jobs and employment �
opportunities.
The Village at Town Center is in an �
excellent location which appeals to both holiday makers and local workers.
The quality of facilities makes for an �
exceptional quality of life, which is highly appealing to young professionals in Orlando.
As a result The Village at Town Center is �
one of the easiest to let communities in Orlando.
It is currently 91% occupied. �
Tenants are already in place with many �
holding 1 years agreements left on their contracts.
The Evidence• This abundance of theme parks and resorts continues to make Orlando a ever popular tourist destination. Over $30 billion is spent by visitors each year. Tourism accounts for nearly 414,000 jobs in the tri-county area (31% of total employment in the Orlando three-Country Area).
• According to the U.S. Commerce Department, GDP growth for Q3 2009 was 3.5%.
• Constantly ranked amongst one of the best markets in the US for business and job growth Orlando is a melting pot of creative talent and innovation.
• Two thirds of Metro Orlando’s workforce are under the age of 44, and nearly a third has obtained a college degree. This young, diverse and educated workforce creates a labour pool that is highly adaptable.
• With one of the most diverse and varied real estate markets in the US, Orlando remains a big pull for companies growing or looking to relocate. This is coupled with a high-tech infrastructure and a burgeoning $13.4 billion tech industry that employs close to 53,000 people.
• Orlando is home to the University of Central Florida, which with over 50,000 students remains the 3rd largest university in the United States.
• With over 4,000 square miles, Metro Orlando offers a wide variety of lifestyle options, a climate that boasts year round sunshine and close proximity to beaches, parks, lakes, outdoor recreation and world-class shopping amenities.
“7 % - 10% Net Yields are currently being
achieved from existing tenants on long term
leases.”
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 5
Buy-to-let
Enjoy this stunning property for part of the year and rent to holiday makers for the reminder in order to get the best of both worlds.
Outstanding Resort Facilities
Private Gated Entrance �
Lushly Landscaped Grounds and Walking �
Areas Spectacular Clubhouse �
Fully-equipped Executive Business Centre �
Private Conference Room �
Car Care Centre �
Floodlit Tennis Court �
Sand Volleyball Court �
Basketball Court �
Playground �
Swimming Pool �
State-of-the-art Health and Fitness �
Centre
The Greater Orlando area is full of attractions for all ages. Famed worldwide, as the land of Mickey Mouse, multifaceted Orlando thrives with dozens of powerhouse attractions a short drive away from the Village At Town Center.
Walt Disney World Resort �
SeaWorld Adventure Park �
Universal Studios Theme Park �
Kennedy Space Centre �
International Drive �
150 Golf Courses �
-
The Evidence• Orlando is the epicentre of the global tourism market. Located in the heart of the Sunshine State of Florida, the area saw an estimated 18.5 million people visit during the third quarter of 2009. The area is home to some of the top tourist attractions in the world including Universal Studios, Seaworld, Aquatica, Discovery Cove and of course Walt Disney World.
• This abundance of theme parks and resorts continues to make Orlando a ever popular tourist destination.
• In 2008 Metro Orlando received over 48 million visitors, with 45.5 million of these arriving domestically.
• Greater Orlando Aviation Authority figures show that passenger traffic is approaching pre recession levels.
• Metro Orlando Occupancy for 2009 remained high at over 60%, whilst the average daily rate is $93.50.
• Total International Visitor Forecast for 2010 is set to be 3.1 million people up 1.1% on last year, according to IHS Global Insight.
• With nearly 50 million visitors a year, Orlando has one of the most advanced and well connected infrastructure systems in the world. Home to 3 international airports including Orlando International Airport the fourth largest origin and destination airport in the US.
At a very conservative occupancy and rental rates The Village at Town Center is forecast to deliver 12%
plus net yields.
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 6
Vacation Rentals
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 7
Village at Town Center
Amenities
Private Gated Entrance �
Lushly Landscaped Grounds and Walking Areas �
Spectacular Clubhouse �
Fully-equipped Executive Business Centre �
Private Conference Room �
Car Care Centre �
Floodlit Tennis Court �
Sand Volleyball Court �
Basketball Court �
Playground �
Swimming Pool �
State-of-the-art Health and Fitness Centre �
Condominiums
Spacious, open floor plans �
Dual master suites for the utmost in privacy �
Separate breakfast area in most floor plans �
Soaring nine-foot ceilings �
Stunning oversized windows �
Spacious closets including walk-in and linen �
closetsFull-size washer and dryer in all units �
Spacious decks and private balconies �
Designer kitchens with pass-through bar �
including frost-free refrigerator with icemaker, self-cleaning range, dishwasher, disposal and microwaveFire protection system �
Utility room with extra storage space �
High speed internet available �
Separate formal dining area with window �
Storage units in select units �
Garages Available �
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 9
Location
The Greater Orlando area is full of attractions for all ages. Famed worldwide, as the land of Mickey Mouse, multifaceted Orlando thrives with dozens of powerhouse attractions a short drive away from the Village At Town Center.
Walt Disney World Resort �
Epcot Centre �
Magic Kingdom Park �
Disney’s Animal Kingdom Theme Park �
Disney’s Wide World of Sports Complex �
Champions Gate �
SeaWorld Adventure Park �
Universal Studios Theme Park �
Disney-MGM Studios �
Kennedy Space Centre �
Reunion �
150 Golf Courses �
Village at Town Center is located at:200 Village Blvd., Davenport, Fl 33896 -
VTC is located within or near some of the world’s greatest and most popular entertainment spots, such as:
SEAWORLD ORLANDOIn 2007, SeaWorld Orlando hosted approximately 5.8 million guests, ranking it the seventh-most visited amusement park in the United States. The Busch Entertainment Corporation is the family entertainment division of the Anheuser-Busch Companies. They own Sea World, Discovery Cove and Orlando’s newest water park, Aquatica. The subsidiary relocated its headquarters from St. Louis, Missouri to Orlando, Florida in January of 2008. Aquatica is a brand new water park located near VTC. The park, which opened to guests on March 1, 2008, is a companion to SeaWorld Orlando and is located across International Drive from the main theme park.
WALT DISNEY WORLD RESORTWalt Disney World Resort is the most visited and largest recreational resort in the world, containing four theme parks, two water parks, twenty three themed hotels, and numerous shopping, dining, entertainment and recreation venues. Owned and operated by the Walt Disney Parks and Resorts segment of The Walt Disney Company, it is located approximately two miles from VTC.
DOWNTOWN DISNEYDowntown Disney is an outdoor shopping, dining, and entertainment complex located at the Walt Disney World Resort in Lake Buena Vista, Florida. Downtown Disney is open to the public and requires no admission fee, offers entirely free parking and transportation to all Disney resorts. The large outdoor complex is divided into three areas; notable tenants include Cirque du Soleil La Nouba, which is in permanent residence in a specially-made arena at Downtown Disney’s West Side. Other entertainment venues consist of Disney Quest Indoor Interactive Theme Park, the House of Blues, Planet Hollywood, Virgin Megastore, the Lego Imagination Centre, World of Disney, AMC Pleasure Island 24, and Rainforest Cafe.
UNIVERSAL ORLANDO RESORTUniversal Orlando consists of two theme parks (Universal Studios Florida and Universal’s Islands of Adventure), Universal City Walk (a night-time entertainment destination), and three Loews Hotels. This is where the new “Wizarding World of Harry Potter” is based
UNIVERSAL CITYWALK
Universal CityWalk includes the 20 screen AMC Universal Cineplex, numerous restaurants, shops, and clubs. It is also home to Margaritaville, NBA City Cafe, Nascar Cafe, Hard Rock and Hard Rock Live, and Emerill’s. The clubs at CityWalk include Latin Quarter, The Groove, Pat O’Brien’s, Rising Star, Bob Marley’s, Red Coconut, and Cigarz.
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 10
Attractions
ORLANDO PREMIUM OUTLETSOrlando Premium Outlets is just a few miles from the property, and undergoing substantial expansion.The expanded Orlando Premium Outlets Mall will be a factory outlet retail centre with a total of 880,000 square feet of floor area, on a total of 65.2 acres, consisting of three phases. Phase 1 is the existing 480,000 square foot centre. Phase 2 was completed in November 2008, and added 120,000 square feet to the existing development. Phase 3 will consist of an additional 280,000 square feet and is projected to be completed by 2011. The total projected development is approximately 880,000 square feet.
This outlet centre offers shoppers the atmosphere of a beautiful outdoor shopping mall filled with landscaping and natural lighting. Billed as Orlando’s only upscale outlet, it is by far the best choice for a great shopping experience in Orlando. It has 110 tenants including Disney and Universal outlets, Coach, Donna Karan, Kenneth Cole, Nike, Polo Ralph Lauren Factory Store, Timberland, and Tommy Hilfiger, Fendi, and Hugo Boss. Set just between S.R. 535 and I-Drive, it’s an easy drive from VTC.
LAKE BUENA VISTA FACTORY STORESWithin minutes of VTC is Lake Buena Vista Factory Stores - an Orlando outlet shopping experience offering factory direct, premium quality merchandise at savings of up to 75% daily. Designer & Name Brands: Aeropostale, Bass, Carter’s, Character Outlet featuring Disney merchandise for less; Converse Shoes, Dressbarn, Eddie Bauer Outlet, Fossil, Gap Outlet, Haggar, Hard Rock Cafe Outlet Store, Izod, KB Toy Outlet, Liz Claiborne Outlet, Nike Factory Store, Nine West Outlet, Old Navy, OshKosh, Reebok, Samsonite, Tommy Hilfiger, VanHeusen, Wilsons Leather Outlet and many more. Lake Buena Vista Factory Stores offer shoppers a quiet and relaxed village setting with convenient store front parking, Centre Food Court, Internet Café and the World of Coffee for specialty coffees, desserts and a wide selection of favourite food items.
PRIME OUTLETPrime Outlet is the largest outlet shopping destination
in the Southeast, featuring 175 name brands and designer clothing under one roof. Shoppers can find incredible savings from Neiman Marcus LAST CALL and Saks Fifth Avenue Off 5th,Nike Factory Store and Victoria’s Secret Outlet and the newly opened phase ushered in nearly 70 new brands in Spring 2008.
REGENCY VILLAGE SHOPPING CENTRE
The 191,080-square-foot Regency Village Shopping Centre, located at International Drive and Vineland Road, is convenient to VTC. Anchored by a 54,000-square-foot Publix, 137,080 square feet of space is occupied by multiple retail and commercial tenants, including Outback Steakhouse, Ruby Tuesday, McDonalds, Walgreens, Landry’s Seafood House and Lone Star Steakhouse.
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 11
Shopping
Excellent Location �
Great Facilities �
Spacious Apartments �
Incredibly Low Price �
Excellent Yields �
Personal Use �
Worked Investment Example
Yorkshire - 2 Bedroom Condominium - 2 Bed 996 Total Sq.Ft
Price $67,900
Rent $10,200
Net Yield Year 1 12%
Net Term Yield 8.4%
Capital Value at a rate of recovery to build cost over 8 Years $99,412
ROI (5 Years) 55%
Capital Value at a rate of recovery to build cost over 5 Years $140,797
ROI (5 Years) 65%
Capital Value to near 2006 prices. $225,530
ROI (5 Years) 240%
To reserve your first choice of these unique apartments
please contact us on now +44 (0) 1865 202 700
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 12
Investment Example
Property Frontiers’ aim is to push forward the boundaries of international property investment to encompass the markets and developments that offer the highest investment potential.
Our promise to you is that from Mongolia to Honduras, from city centres to luxury beach resorts, the investment properties we source offer some of the highest capital appreciation and rental yields available.
We assess hundreds of investment projects across the globe each month. Vigorous analysis is conducted on each development to determine how potentially profitable it is, before detailed due diligence is conducted on the legality and security of the investment.
We believe Property Frontiers is unique in this level of research and diligence and we pride ourselves in the service offered to our clients.
We believe that Property Frontiers are unique in the level of research, diligence and service we offer our investors. Below is a snap-shot of the support you will receive when purchasing through Property Frontiers:
Market ResearchEach potential global investment market has undergone careful analysis by our in-house research department. After extensive research into the economic performance and growth prospects of the country, our specialist sourcing teams select the best developments available and create a detailed Investment Prospectus presenting you with the key facts, and an honest opinion of the investment opportunity.
Investment AdviceOur investment advisors can then help you through the numerous options available. Your consultant will help you assess the best investment market and property for you, then guide you through the buying process. We’re with you every step of the way, from choosing which unit to buy, through to the reservation and purchase processes, and mortgage options, via Frontiers Financial Services.
After SalesWe also ensure you establish ongoing relationships with the developer, your legal representatives, and letting management firms linked to the development.
Ray Withers and David CoxProperty Frontiers’ Directors
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 13
Property Frontiers Service
Important InformationThe information in this document (including but not limited to, photographs, illustrations, plans, dimensions, descriptions, tables, projections and prices) are for guidance only. While every effort has been made to offer current and accurate information, errors can occur. Property Frontiers makes no warranties or representations as to the accuracy, correctness, reliability or otherwise with respect to such information, and assumes no liability or responsibility for any errors or omissions in the content contained in this document. Within this document you may find links or references to third party material and third party web sites. Property Frontiers accepts no liability in respect of the contents of such material or sites. Property Frontiers should not be taken to be endorsing, publishing, permitting or authorising such materials or sites. Property Frontiers is not a party to, or responsible for, any transaction concerning goods or services available from such third party materials or web sites. Property Frontiers will revise the information; services and resources contained in this document from time to time and reserves the right to make such changes without any obligation to notify past, current or prospective visitors to this document.
The content relating to the past and/or current performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. Prices quoted may be based on a conversion rate when the document was created and may vary. This is not a regulated investment for the purpose of the UK FSMA (2000) however as a founding member Property Frontiers Ltd adhere to and follow the Code of Conduct of the Association of International Property Professionals (AIPP).
The information contained in this document should not be construed as financial, tax, legal or any other professional advice or service. You are advised to consult a financial and/or legal professional advisor from suitably regulated sources.
Except where noted otherwise, all material in this document is Copyright © 2008 Property Frontiers. All rights reserved. Without the prior written consent of Property Frontiers, no permission is granted to copy, distribute, modify, post or frame any text, graphics, or logos.
Property frontiers
Property Frontiers+44 (0) 1865 [email protected]
Page 14
Small Print
