New 4-bed Leaseback Property in Orlando Florida

Biscayne Villa - Crows Nest Estate

* Large 4 Bed, 3 Bath Villa (1843 Sq ft)
* Exclusive gated community in forest setting close to Orlando
*Heated swimming pool & furniture package included
*Lot premiums of between $10,000 to $27,000USD


Leaseback Offer:

The management company will contract for one year to pay the mortgage, insurance, taxes and all monthly running costs for fourteen homes in Crows Nest Estates. No guarantee on rental yield is offered.


Community Details:

Crows Nest is a 63-home exclusive gated community that lies secluded and secure in a landscaped paradise. The spacious villas will be set amongst a forest of fully grown pine trees, and will be only 5 minutes away from the soon to be completed Posner Shopping Center. The community's location is only 15 minutes from the heart of Disney World, offering huge rental potential to investors.

The plans are large and spacious and each home comes fully furnished including window treatments and all household goods. Swimming pools with heaters are standard and the interior features including extensive use of ceramic tile flooring, rounded corners and paneled cabinets are included too.
Within the community there will be walking trails, a BBQ Area with Gazebo, Kiddies Tot Lot and a Volleyball Court.


Management & Rentals:

All homes will be managed by Classic Florida Management and the community as a whole will be marketed separately from other estates to obtain the highest possible rental rates. The unique location and the upscale nature should attract a solid core of retail renters from both the US, UK and European markets.


Construction Schedule:

Trident D&C LLC will handle the total development of the subdivision and will have all roads and infrastructure in place by February/March of 2006. Vertical construction will begin in April 2006 and at least 15 homes a month will be started. If all goes to plan the site will be fully completed no later then December 2006. Currently the planning and permit stage is about two months ahead of schedule, so October 2006 is the present project completion date.


Reservations and Deposits:

Homes can be taken off the market and price locked in with a reservation agreement and $5,000 deposit. All reservations must go to a Purchase Agreement within 10 business days and a balance of 25% must be paid within 30 days of signing of the Agreement. All funds to be made out to: Crows Nest LLC., and are payable by US cheque, International Money Order or wire transfer.


Financing:

All mortgage financing will require a 25% down-payment. By using a recommended mortgage broker buyers will receive a concession of 3% of the mortgage amount from the developer towards closing costs.

Clients that wish to obtain mortgages or equity draws in the UK will be treated as CASH buyers. Cash Buyers will enter into a draw schedule agreement with the developer; 25% at contract, 25% at permit, 20% at block, 20% at frame, 10% at completion. They will also receive a concession from the developer of 3% of the base price at closing.