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Prime location, coastal land plots in the sought after area of Rotonda Lakes, Englewood.
Investors are offered land plots at a significant discount to original prices. Land plots all have freehold title and are sold through reputable Title and Escrow Companies. 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 our build upgrade) for instant equity and rental returns.
- Plot prices from US$24,000
- Finance from US$13,000 down
- Up to 56% discount on original prices
- Plot sizes 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
To maximise this investment opportunity, we recommend building a 3-bedroom single-family home on your plot earning instant equity 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. Prices for three-bedroom properties have increased 17.5% in the year to December 2016 and rental rates by 16.8%.
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. This combined with the many employment opportunities in the area also makes it a top relocation destination.
The area is situated 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 nearest international airport is Sarasota International 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.
This investment has been designed to specifically cater to the extreme undersupply of property in the Englewood area.
The area is experiencing a major shortage of properties. Fuelled by a growing population, the area is attracting new residents drawn by the dual attractions of job opportunities and a popular retirement destination. 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, Sarasota was rated as the best place to find a job in Florida in 2016 by WalletHub, followed by Tampa in 6th place.
Englewood offers good amenities in a small-town environment making it 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.
In the year to December 2016, prices for three-bedroom properties in Englewood rose by 17.5%. Rental prices are equally buoyant with the median rental rate in Englewood up 16.8% in the same period.
Inventory levels continue to be low and the need for new builds is strong in the area, fuelled by demand from retirees and buoyant employment creation. The New Single Family Market Overview Q3 2016, published by RCLCO (and the latest available), reported that Southwest Florida was enjoying the best market for new homes since 2007. In Q3, sales of new single family homes rose by 30 per cent while year-to-date sales went up by 52 per cent.
According to the Homes Solutions Q3 report, their research on population growth in the region estimates that Southwest Florida needs nearly 13,900 new homes a year to cater for its new inhabitants, and that single-family homes will dominate the market in 2017.
3RD LARGEST STATE
Overtook New York in 2015
GULF COAST LOCATION
PRICES UP 17.5%
RENTAL RATES UP 16.8%
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