Properties close to Disney World offered at 28% of former sales prices
Torcana have announced the availability of 22 stunning, two bedroom, two bathroom condos at “Tuscana” a magnificent $100m resort located just four miles from Disney World in the famous Champions Gate area of Orlando, Florida.
Managing Director, Colin Murphy of Torcana, property specialists in Florida says,” We have finally found a resort complex close to Disney that is upscale, stylish, well managed and offers great value for money. Tuscana Resort resembles the charm and sophistication of a small Italian Tuscan village in terms of layout and accommodation with pristine facilities including 30 seat cinema, beach style swimming pool with cabanas, 24 hour clubhouse, bar, restaurant and business centre. It is located at the highly desirable, Champions Gate, home to stunning 5* hotels and resorts with world class golf and fine dining. This is a location and price point that will be very hard to beat.”
The properties being offered by Torcana at Tuscana Resort are just 28% of their former sales price. With tenants and full after sales service in place all units are priced at approx £61,750 ($99,900) down from a peak of a staggering $360,000 (approx £224,799) in 2007. Rental yields vary between 4-7% net of all overheads and management fees.
Property owners can choose between retaining the property solely for “friends and family”, renting it out full time, or a mixture of both.
Orlando is visited by 50 million people a year and is the most visited city in the USA, so is a highly sought after rental region.
Concluded Colin, “Knowing that you are investing wisely is important so these facts will help. The inventory of available properties is now at 2006 levels and is dropping consistently. The number of monthly completed contracts is higher than during the boom years and for the first time in many years Orlando does not feature anywhere in the top 20 cities in the USA for new foreclosure filings. With more than 55 million Americans retiring in the next 20 years many will choose the low taxes and high quality of life of the Sunshine State.”
Tuscana Resort, Orlando, Florida
Location – Ten minutes from Disney World beside some of the most exclusive resorts in Florida. A selection of 22 of the best available 2 bed 2 bathroom condos. These fully furnished 2 bed units measure 1017 sq ft and can accommodate 6 people. This is a hugely popular vacation resort with over 85% occupancy
Features – 13ft ceilings, marble/granite worktops, high quality furniture & fully equipped kitchen
Facilities – Pool with cabanas, gym, clubhouse, restaurant, bar, movie theatre, acuzzi, spa
Rental Yields – Vary between 4-7% net of all overheads and management fees
Price – Just $99,900 (€70,500 / £61,750) down from a peak of $360,000 (£224,799) in 2007
