Discounted Condominium Homes for Sale in Orlando, Florida

Fully Tenanted Condominium Properties in Orlando, Florida

Venetian Place is the master piece in our developers portfolio of developments. Consisting of one, two and three bedroom luxury properties all situated around a beautifully landscaped lake which residents are able to use. Venetian Place epitomises everything that is quality about Orlando with luxury fittings, private parking, world class health club and a real feel of exclusivity. All this from just USD 56,000/£33,500.

Located only 20 minutes from Disney, this really is the ideal opportunity to buy a holiday home in a location that for so long was unaffordable. Or why not take advantage of our instant income programme. Enjoy life and investing right in the heart of Orlando, FL.

The majority of these units are fully tenanted and if you are buying for investment purposes, we can hand-pick a high yielding unit for you. Many of the tenants work at Orlando International Airport wich is only a 3 minute drive away and with 13,000 staff working there every day, there is a huge long-term rental market in this region.

The properties are heavily discounted (over 60%) based on the last known sales figures from early 2009. And as these properties are NOT bank repossessions or short-sales, they can be exchanged / purchased easily and quickly direct from the developer and owner.

Internal Features

• Beautiful Solariums
• Vaulted Ceilings
• Ceramic Tile Kitchens and Foyers
• Designer Kitchens and Baths
• Full-Size Washer/Dryer
• Ceiling Fans and Central Heating and Air
• Textured Walls
In addition to this, ALL CLOSING COSTS ARE PAID BY THE DEVELOPER INCLUDING FREE LEGAL ADVICE

PRICING AND RENTALS

Due to the buying power of our network these prices cannot be achieved on an individual basis. We have secured all 101 units currently available and are now offering these to our pre registered investor clients.
All of our selected units currently have professional tenants in place producing various rental incomes ranging from 8.5% -12.5%. Tenants are all in the “young professional” category.
Whatever your reasons for buying you will find a financial package to suit you. Even if you want to buy a dream home in Florida, simply select a unit with the shortest rental contract, generate profit from this immediately and take possession in time for next summer. Clients looking for pure investments will be offered contract renewals through our property management partners.
The pricing of all units within Venetian Place is incredibly low. The prices today and the last closed prices on this project give you a comfortable 60% discount.

We have a full inventory list which is available upon request which details the actual occupancy details and prices giving an overall net yield. For further details on the specific unit types and floor plans, please contact us.

Location

Orlando, Florida, USA

Construction Schedule

This is a completed property, ready to rent or move in. Upon title transfer, any existing tenancy agreements will be transferred to the name of the buyer and managed as normal by the on-site property management company.

Facilities And Maintenance

Community Features

• Waterfront Views
• Resort-Style Swimming Pools and Spa
• Beach Volleyball Court
• Lighted Tennis Courts
• World-Class Health Club
• Indoor Racquetball Courts
• Media Area with Big Screen TV

Maintenance Fees (HOA) vary depending on the property type and range from $122 to $242 per month.

Payment Terms

The procedure is as follows:

• Reservation form filled in
• £2,000 Reservation Fee paid
• LOI form filled in and sent to the Escrow Lawyer
• 30% Deposit sent to the Lawyers Escrow account
• Contract sent to the buyer, signed and returned
• 14 day “Cooling-Off” period as required by Florida Law
• 70% final payment sent to the Lawyers Escrow account
• Title is transferred and the deeds are sent to the buyer

Property Management

The developer already manages the long term tenants and properties in all of their developments. Their office base is in Venetian Place and all of the properties are managed to a very high standard

Tenants are already in place, and when new tenants are found, to replace the existing tenants, they take one months rent from the tenant as a management fee.

About the Immediate Vicinity

Disney theme parks: South west of Venetian Place – 8 to 20 miles away.
Kennedy Space Centre: East of Venetian Place - 38 miles away.
Airports:
Orlando International Airport - 2 miles directly south.
Orlando Executive Airport - 3.5 miles directly north.
Uni’s:
Full Sail University - 6.5 miles north
University of Central Florida (UCF) - 9.5 miles north east
Tourism:
Gatorland - 11 miles south west
McCoy Air Force Base - 5 miles directly south
Stadiums:
UCF Arena - 9.5 miles north east
Citrus Bowl - 6.5 miles north west

WHY INVEST IN FLORIDA?

Fact: There is nowhere else in the world where you can buy a luxury tenanted property at less then the build cost.
Fact: In certain areas of Florida, namely Orlando, we give you the opportunity to buy a property at lower than the prices in the 1970’s. In our opinion, there is no better place in the world to buy equity in the current climate.
Fact: Housing prices in Greater Orlando went up 34% in one year, from an average of $182,000 in August 2004 to $245,000 in August 2005, and eventually to a record $255,000 in February 2007. The average price then fell to $211,000 in April 2008. Even if the expertsare correct and prices have lost a further 50% in 2009in the most affected communities, the average house price today would be $105,000 which is still $35,000 more than our most expensive three bed two bath luxury tenanted property.
Fact: In Orlando, we can walk you into an investment property that is generating more than twice the amount of interest that you are currently receiving from you cash in the bank, with guaranteed equity and a five year exit strategy from day one.
Fact: Out of the 80 Million retiring baby boomers in the US, 42% plan on retiring in the South East with Florida being the number one destination which will create a surge in property prices due to the increased demand.
Fact: There is a huge demand for affordable housing in the state of Florida, however, a lack in lending has created a surge in rentals and a decline in home sales which is why we can offer you the opportunity to take advantage NOW before the market changes and your tenants start buying again and what better place to buy than the property they have been living in for the past three years! (Remember, unlike the UK, properties are mainly rented unfurnished and tenants see your property as their home and not just a house that they’ve rented!)
Fact: Most of the properties that we are selling in Orlando are FHA approved offering you a guaranteed exit strategy after only three years. To find out more about FHA call 08456 21 33 33 or click here http://www.hud.gov/buying/loans.cfm
Fact: We only sell tenanted properties that are let to young professionals and blue collar workers on long AST’s who live and work in Orlando. Orlando has one of the strongest economies in Florida; Metro Orlando has a rapidly growing $13.4 billion technology industry employing 53,000 people, and is a nationally recognised cluster of innovation in digital media, agritechnology, aviation, aerospace, and software. More than 150 international companies, representing approximately 20 countries, have facilities in Metro Orlando. A vital part of the Orlando area economy is involved in the tourist industry, with the city being known for its wide range of its attractions including Walt Disney World Resort, Universal Orlando Resort, and Sea World Orlando. Over 50 million visitors came to the Orlando region every year. The convention industry is also critical to the region’s economy. All of this gives great comfort to the ongoing safety of your investment.

All in all Orlando certainly ticks all of the boxes for a safe, high yielding investment opportunity with a clear exit strategy.