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Land Plot in California, United States

Plots from $28,500

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Vista Santa Fe,
California,
United States

9441 Square Foot(sqft) Land Plot from £18,500

Below market value building plots
Full, irrevocable planning permission for residential property development
Fraction of peak market prices
Low cash, freehold asset

Summary

Below market value building plots
Full, irrevocable planning permission for residential property development
Fraction of peak market prices
Low cash, freehold asset
Guaranteed income
Minimum lot size of 9,441 square feet

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Description

The land at Vista Santa Fe was repossessed by a Californian regional bank last year, after each of the 64 plots making up the site had received full planning permission for development as homes.
The Californian regional bank has now agreed to sell this land to an independent intermediary company, Vista Santa Fe Repossessions Limited, which in turn is offering to sell on the land in 64 subdivisions to retail buyers under what will represent, for them, a unique opportunity. Usually such opportunities only become available to large property developers and investors buying multi-acre sites and multiple plots together.
Given the willingness of three developers to pay you for an option to buy back your plot at 140% of the price you now pay, we believe this opportunity represents one of much lower risk than other land deals available. Top

Location

Located just 20 minutes drive north of Palm Springs International Airport, the community of Desert Hot Springs, part of the Palm Springs area of the Southern Californian Coachella Valley, is an attractive investment proposition.
Sandwiched between The Mt San Jacinto State Wilderness and The Joshua Tree National Parks Desert Hot Springs has natual bariers as well planning restrictions to keep development within city limits, this will also help to avert possible over supply . Top

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Property

Current market conditions, such as tightening credit availability and more stringent lending criteria have created unprecedented buying opportunities for those investors with the required liquidity. The advantages of land ownership include tangibility, finite resource and high return investment. Top

Amenities