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Florida Land Investment

Investment Overview

THE INVESTMENT
NEW BUILD UPGRADE
ABOUT FLORIDA
STRATEGIC LOCATION
MARKET OPPORTUNITY
THE INVESTMENT

This investment offers prime location, coastal land plots in the sought after area of Rotonda Lakes, Englewood.

Investors are presented with an opportunity to purchase land plots at a significant discount to original prices. Land plots all have freehold title and are sold through reputable Title and Escrow Companies. The plots are in a variety of sizes, locations and elevations. Full infrastructure is in place with electric, sewer and water utility installation already paid for.

You can maximize your investment building a single family home (see the section New Build Upgrade) for instant equity and rental returns.

  • Plot prices start from US$26,500
  • Finance available from US$15,500 down
  • Up to 56% discount on original prices
  • Plot sizes between 7,560 sq ft – 17,400 sq ft
  • Freehold title
  • Build for up to 9.98% instant equity
  • Rent for up to 9.30% rental yields p.a.
  • Sought after residential community
NEW BUILD UPGRADE

To maximise this investment opportunity, we recommend building a 3-bedroom single-family home on your plot to earn instant equity on completion and annual rental income.

BRIC Group has put together an all-inclusive package that enables you to buy a plot and have a house built on it within 25 weeks. This package includes all planning permission applications and approvals, site preparations and build costs. There are two single family home models to choose from both comprising three bedrooms, two bathrooms and a double garage.

There is huge demand for 3-bedroom family homes in this area. Prices for 3-bedroom properties have increased 65% over the last 5 years (Sept 2013 – Sept 2018) and rental rates by 40%.

ABOUT FLORIDA

In terms of population, Florida ranks as the third largest state in the USA and has 20.98 million inhabitants. GDP growth in Florida is one of the highest in the country – in October 2018, the state was on track for 3.8% annual growth – as is job creation. The state created 2.8% more jobs in the year to July, 0.9% more than the USA as a whole.

With no state income tax, Florida is also one of the most business-friendly places in the country and regularly ranks high in business ratings. Several Fortune 500 companies are based in the state, representing a wide range of industries including pharmaceuticals, technology, aeronautical, communications and space.

Florida is a favourite tourist destination and has some of the best-known attractions in the world. They include the natural wonders of the Everglades and Florida Keys as well as theme parks such as Walt Disney World and Universal Orlando Resort. Since 2000, Florida has broken its own record for visitor figures every year. The latest figures (Q1 2018) show that the state received 33.2 million tourists, the highest ever for the January-March period as well as 7.4% more than in Q1 2017.

STRATEGIC LOCATION

Englewood is a beautiful beachfront town situated on the Gulf of Mexico with a population of almost 15,000 (2010 census) that is growing rapidly. With an average year-round temperature of 25ºC and stunning coastal panoramas, the area has long attracted thousands of tourists each year. The climate, tranquility and scenery also appeal to retirees. In April 2018, US News ranked Charlotte County as the second best place to retire in Florida. These factors combined with the many employment opportunities in the area make Englewood a top relocation destination.

The area is situated in Southwest Florida on the border of Sarasota County and Charlotte County, the latter boasts 219 miles of exquisite coastline and nearly 13 miles of Gulf coast beaches. The town is served by three airports: Sarasota International Airport, Southwest Florida International Airport and Punta Gorda Airport. Over 600 technology companies are located in the area and it is home to a huge healthcare industry. Adding to its popularity, the area has one of the lowest crime rates in the state of Florida.

MARKET OPPORTUNITY

This investment has been designed to specifically cater to the extreme undersupply of property in the Englewood area.

Population & Employment Growth

The area is experiencing a major shortage of properties. Fueled by a growing population, the area is attracting new residents drawn by the dual attractions of job opportunities and a popular retirement destination. The population in Southwest Florida is currently growing at the rate of 1.4% a year and both Charlotte County and Sarasota have experienced hikes in their number of inhabitants; between 2010 and 2015, their populations increased by 8.2% and 6.9% respectively.

In terms of employment opportunities, Southwest Florida has a high job creation rate. Unemployment stood at 3.8% in June 2018, down from 4.3% a year earlier.

Property Market

Englewood offers good amenities in a small-town environment. It is popular with relocating families and ‘snowbirds’ residents from the colder northern states in the US and Canada who holiday in the town during the winter. These two factors put pressure on both the resale and rental markets, which in turn pushes house prices upwards.

Property Prices

In Sarasota County, single-family homes prices went up by 4% in the year to August 2018 to reach US$290,000 and inventory levels dropped to just 4.1 months’ supply. In Charlotte County, prices rose by 5.3% in the year to a median of US$218,000. Those in Englewood went up 7.7% in the year to June when the median price for a property was US$249,000. A leading property portal forecasts 8.3% rise in property prices in the 12 months to June 2019.

In May 2018, Sarasota County ranked as the fastest growing for luxury property in the US, according to the Luxury Home Index published by realtor.com. According to the Index, good-value property prices in Sarasota have sparked interest among buyers from outside Florida. “Luxury prices in the Sunshine State are rising quickly as buyers from places like New York, Boston, and Chicago get wind that there is a better bang for their buck available down South,” said the Index.

Rental

In July 2018, rentcafe.com recorded an average monthly rate of US$1,130 for all rentals in Englewood, a 19% rise in a year. Rates are, however, considerably higher for single-family homes in the Rotonda West area. The realtor.com portal advertised 38 3-bedroom, 2-bathroom rentals on the market in July with an average monthly rate of US$2,830. This rate rose still further to US$3,357 a month among 14 properties with over 2,000 square feet of floor space.

New Homes

Inventory levels continue to be low and the need for new builds is strong in the area, fueled by demand from retirees and buoyant employment creation. Southwest Florida saw a steep increase in permits for single-family homes in the year to July 2018 when they increased by 19% in the region. Permits went up by 63% in Charlotte County.

According to a regional construction company Homes Solutions, population growth in the region means that Southwest Florida needs nearly 13,900 new homes a year to cater for its new inhabitants.

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