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Property ID# 6258016
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$143,431
2 Bed 2 Bath
Las Vegas, NV
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Property ID #6258016
Local Currency£88,000 British Pound (GBP)
List Date11/06/2009
CountyClark
Description

These Las Vegas Condos are a fantastic investment, on The Strip, 65% off 2006 prices, up to 12% yield and tenanted until 2010. We have a 14 day window in which to sell these units so you must act quickly.


Las Vegas is on Sale


We have great pleasure in offering you this fabulous investment opportunity directly on the famous strip in Las Vegas, Nevada. Key Facts:

Over 65% less than 2006 pricesUp to 12% Rental Yield (10% Net)Over 92% Occupancy Over Last 24 Months Price per sq ft $105 - $115, compared to $325-$375 in 2006 Prices Start at $139,000 (£88,000) All units tenanted until 2010


Please Note: we have only been given a 14 day window to sell the remaining units on this site


Why Las Vegas?


Since the first quarter of 2008, Las Vegas has been at the top of our list in the USA. The fundamentals indicate that Las Vegas has the biggest potential to benefit most from a market turnaround. See below:

Booming tourism industry - over 39 million visitors per year Over 25 million people live within 500 milesOver 5000 new residents per monthLack of land - by 2013 all available land will be developed as the city is landlockedJob growth is 4 times the national average Condo supply - this has shrunk from a 24 month supply to a low of 2.5 monthsAs well as the above over $25 billion is planned to be invested in new hotels and casinos within the next 4 years.


Property Overview


These condominiums are just minutes away from the heart of The Strip and brings the best of the urban lifestyle to Las Vegas. The community covers 20 acres and features over 700 elegant apartments in nine four-story buildings.  The community's hub is a contemporary 10,000 sq. ft. glass clubhouse. The clubhouse includes a business centre and separate conference room, a screening room with state-of-the-art projection system, and a lounge with a full kitchen and bar which are available to reserve for private parties.  The 24-hour fitness facility has commercial grade equipment with personal entertainment centres at each workout station, a separate room featuring free weights, sauna, massage rooms and separate men's and women's locker rooms are available. As well as a gym, the development benefits from two swimming pools. A tennis court and a basketball court are also available.The community is pet friendly and features a dog run. There is a full time concierge, 24/7 security and there is free Wi-Fi in the park, pool and clubhouse areas.


Contact us


We offer an administration service which is designed to assist an overseas investor enter the US market in confidence. You will have access to a lawyer for your conveyancing, a mortgage broker for your finance and an accountant for your yearly tax returns. We assist in every step of the buying and holding process of US property.


For more information on this fantastic investment opportunity please click the enquiry link and we will then email you further information and instructions on how to reserve an apartment.

 
Next Steps
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Amenities
Residential Property
Apartment
Condo
65% off 2006 prices
Rental yield up to 12%
Tenanted until 2010
These Condos are on The Strip
Units from £88,000
Over 92% occupancy over the last 24 months
Investment Characteristics:
Below Market Value
Capital Growth
High Yield
Distressed Seller
 



 
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