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Description
Florida is
one of the
worlds
favourite
holiday
destinations
with excellent
investment and
rental
opportunties.
Over 60 million
people visit
the sunshine
state each year
and at it's
heart lies
Orlando, the
ideal place to
spend memorable
holidays with
friends and
family. A
multitude of
theme parks,
attractions,sporting
and leisure
activities, and
an extensive
choice of
superb golf
courses
guarantee your
enjoyment. In
addition to the
wonderfully
warm and sunny
climate,
Florida has
areas of
natural beauty,
and the
shopping is
some of the
best in
America. The
fabulous
beaches on both
the Atlantic
and Gulf
coasts, washed
by blue waters
and fringed
with tropical
palm trees, are
within easy
reach of
Orlando.
Regal Lakes
is located
opposite Orange
Lake Golf &
Country Club,
less than 5
minutes from
Disneyworld and
within close
proximity of
numerous
restaurants,
bars, shops and
evening
entertainment.
ÝRegal
Lakes will
beÝan
exclusive gated
resort
community of
some 624
Ý2,3,and
4 bedroom fully
furnished
Mediterranean
Style town
homes. The
development
will also
incorporate a
multi-million
dollar, 12,000
Sq Ft Clubhouse
with 24 hour
check in /
check out
facilities,
Restaurant,
Bar, Spa,
Health &
Fitness center
along with an
extensive
heated pool
complex with
lazy river,
water-slide,waterfall
features and
sunbathing
terraces.
Regal
Lakes offers
clients the
followingÝ
range
ofÝ
(town home)
accommodation:-
*
The
CordobaÝ-
2 bedroom, 2.5
bathroom
property @
1,445 sq ft
(air-conditioned
area) from
$359,990
(price includes
all
furnishings)
*
The
Granada
- 3 bedroom,
2.5 bathroom
property @
1,473 sq ft
(air-conditioned
area) from
$369,990
(Price includes
all
furnishings)
*
The
Malaga
- 4 bedroom, 3
bathroom
property @
1,501 sq ft
(air-conditioned
area) from
$379,990
(Price includes
all
furnishings)
*
The
Toledo
- 4 bedroom,
3.5 bathroom
property @
1,791 sq ft
(air-conditioned
area) from
$409,990
(price includes
all
furnsihings)
The
Town Home
specification
includes:-
*
A
comprehensive
furnishing
package
*
Central
Air-Conditioning
* A fully
equipped luxury
kitchen with
all electrical
appliances
* Carpets
and Ceramic
Floor tiles
Payment
Plan
*
Reservation
fee (valid for
30 days) -
$2,000
(if paid
on-site in the
USA) or
£1,000
(if paid in the
UK)
*
20%Ý -
Signature of
Contract
(maximum 4
weeks from
reservation
deposit)
*
80%Ý-
ÝFinal
Completion
(Available
through a
mortgage)
Note:Ý
If payment is
made without a
mortgage, stage
payments will
apply
throughout the
construction of
the home.
(details
available on
request)
Rental
Options
Option
1 - A Seven
Month
Guaranteed
Rental Plan
(Comboplan)
This option
provides owners
with a
guaranteed
income for 7
months (April
1st - October
31st). It also
givesÝ
owners the
opportuntiy to
use / rent the
propertyÝ
themselvesÝ
from November
to March. This
optionÝ
would also
allow the
developer to
generate
additional
rentals (if
required)Ýduring
the Nov - March
period,
although this
is not
guaranteed and
would be
subject to
demand.Ý
OFFER
- Option 1 will
be guaranteed
forÝ3
years to anyone
who reserves a
property by the
31st May
06Ý-
(PHASE 2
ONLY)
Option
2 - Flexible
Letting
PlanÝ
This is a
plan where
bookings may be
made by the
owner
orÝ the
developer - An
ideal situation
for owners who
require use of
their own
property in the
holiday season
or to make it
available at
various times
throughout the
year for
friends /
relatives etc.
- It is
basically a
situation where
both the owner
andÝdeveloper
liaise together
and agree how
many weeks
would be
available for
letting (and
when) during
the course of
the year. The
amount of weeks
let would then
determine the
amount of
income received
- There is
obviously no
guarantee of
income with
this plan.
Option
3 - Guaranteed
Leaseback
PlanÝ
This will be
aÝguaranteed
fixed monthly
income over a
12 month period
(1 year) -
Ideal for
owners who need
regular
payments to
cover monthly
outgoings.
Owners may not
use the
property during
the lease
period but may
rent a similar
style property.
Income figures
would depend on
the size of the
property
purchased but
would be less
(for obvious
reasons) that
the income or
potential
incomeÝreceived
in Options 1
and 2.
Running
Costs
Running
costs will vary
depending on
the size
ofÝ home
purchased, but
as a guide you
would be
looking
atÝapprox.
$8,220
-
$8,940
per
annum.Ý
A full
breakdown of
these costs are
available on
request.
Note:
The above
figures do not
include
insurance or
property tax
which
areÝ(normally)
paid on an
annual
basis.
Closing
Costs
As a guide I
suggest you
allow a figure
ofÝ
around 4% for
closing costs /
legal fees over
the purchase
price.
Total
Project should
be complete by
late
2009
Make
an
enquiry
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Property guide
