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We wanted you to see with your own eyes the beauty of Village East. Therefore, Colordarcy have put together a stunning video package for you to review.
The sub-prime mortgage crisis has put stunning Florida property within your financial reach. All the better when those properties come already tenanted. If you could improve the deal further with apartments that simply must sell at highly affordable levels to meet the developer's final loan payment, the package would be perfect.
So, welcome to Village East in Fort Lauderdale. We've secured a handful of these units on this luxury site and now, in keeping with our promise to bring you investment property that pays for itself, you can enjoy apartment living in South Florida from just £80,000. That's less than half the original £215,000 asking price.
Back in 2005-06, these luxury apartments were selling for $340 to $380 per square foot. Current replacement costs range from $240 to $300 per square foot. But our price beats even that. Yes, this is luxury resort living at less than 50% of the peak market price.
Village East is an A1 location. Fort Lauderdale is known as the Venice of Florida, and you'll find Village East at the strategically important SE17th Street, the gateway to the beautiful Ft Lauderdale Beach. Here, access is easy to first-class amenities like beautiful beaches, cultural attractions and Las Olas Boulevard, with its chic boutiques and restaurants.
It's a strong employment area with A-rated schools, close to the Fort Lauderdale-Hollywood International Airport and the world's largest cruise port, Port Everglades.
Here's what you'll enjoy most about investing in Village East:
Apartments come with fully equipped kitchens, walk-in closets, cable or satellite TV, high-speed Internet, vaulted ceilings and a private patio or balcony. In addition, each apartment has an attached garage and there’s also a resort-style pool with grill area, clubhouse and fitness centre for resident’s enjoyment.
| Village East | ||
|---|---|---|
| Unit Details | Apartment 1 Bed / 1 Bath | Apartment 2 Bed / 2 Bath |
| Size | 794 sq ft | 1,054 sq ft |
| Unit Type | The Castillo | The Aragon |
| Purchase Price US | $128,193 / £80,000 | $183,099 / £114,000 |
| Bedrooms / Bathrooms | One / One | Two / Two |
| Purchase Costs | ||
| Management Setup | FREE | FREE |
| Closing Costs (lawyer, title insurance, recording fees, search fees etc) | $2,563 | $3,662 |
| Total Estimated Costs | $2,563 | $3,662 |
| Monthly Rental Income | $1,315 | $1,620 |
| Monthly Running Costs | ||
| Management (Flat Fee) | $100 | $100 |
| Estimated Property Tax | $163 | $213 |
| Community Fees | $241 | $322 |
| Insurance (Inside Community Fees) | $0 | $0 |
| Monthly Net Cash Flow (Cash In Your Pocket) |
$811 | $985 |
| Net Rental Yield |
7.5% | 6.5% |
Remember, your apartment at Village East is already tenanted, so you're making money from day one. And with South Florida property prices having levelled since mid-2009, the only way is up for Village East and your investment portfolio.
Investing at Village East is as easy as 1-2-3. This is all you have to do:
Located within a growth area at the strategically important SE17th Street, the gateway to the beautiful Ft Lauderdale Beach, Village East comes with clear, viable exit strategies for both resale and rental - ensuring investors make money on their investment.
Since new construction has been on hold for the last 3 years demand for quality products like Village East will surge as soon as the economy picks up full steam. Based on these assumptions we project a value increase of your property of 40% to 50% over the next few years.
Village East is one of the most sought after developments in the area and we expect that as soon as the finance markets recover to see further increase in demand for this luxury development.
Village East is a luxury development with stunning on-site amenities that will pay for itself and offer superb long-term investment opportunities. With its high build quality, excellent location, unbeatable price and popularity with the local market, Village East fulfils all of our stringent investment criteria. The best units are selling fast.
So, when's the best time to buy in South Florida? With property at its lowest levels since the 1980s, NOW is the time to invest. Remember, this is resort living complete with all the luxury trappings you would expect, like vaulted ceilings, private patios and satellite TVs. At a price you would not.
For more information, and to receive your FREE “Village East Brochure”, please Call: +44 (0) 207 100 2393 or Email us Today.
Loxley McKenzie
Managing Director
P.S. The US real estate market is in recovery. Wise investors are snapping up the last of the bargains. Act today to secure your investment at Village East.
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