The crash in the US property market has created an unprecedented opportunity to secure luxury, high end property at a fraction of peak selling prices. The window of opportunity is small. In most states, property prices have finally bottomed out and the market is starting to show signs of recovery. Nowhere is this more apparent than in the state of Florida.
Florida is widely regarded as the leading hotspot in the US for bargain hunters. In some areas, property prices are a staggering 66% below their peak selling prices, less than their actual build costs.
What makes the market the most interesting is the demand. Over 80 million visited Florida last year alone and the demand for both short and long term rentals is unrivalled. Many developments run on 100% occupancy with long waiting lists in place.
Aspen Woolf would like to present a time sensitive opportunity to purchase a limited number of heavily discounted bank owned stock with tenants already in place.
Village Condominium is a private gated resort complex located in Orlando, close to Disney and all nearby tourist attractions. Constructed in 2001, it is presented in immaculate condition with a full complement of amenities including swimming pool, club house, state of the art health and fitness centre, volleyball, basketball and tennis courts. We currently own and manage this property and intend to market the individual units to the UK investment market at discounted prices, with 1 bedroom condominiums available at $54,900, these units are around 70% below their peak values and 50% below their replacement build costs. Most units have tenants already in place generating approximately 10% Net Yields. Furthermore, the unique feature about Village Condominium is the ability to have a mixture of short term and long term lets. Investors are able to purchase a unit with tenants in place and decide upon their letting strategy from that point forward.
Located in the heart of Davenport, Florida, a short journey away from Walt Disney World and the rest of Orlando’s incredible tourism industry. Village Condominium is a gated condominium community with fantastic amenities and facilities, with an exclusive selection of 1, 2 and 3 bedroom units. 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 minutes away from Village Condominium.