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How To Land A 233% Profit On US Property
March 28, 2009Article by Ray Withers
London (28 March 2009) – Buy land. They aren’t making any more of the stuff, was the famous advice US silent movie actor and entrepreneur Will Rogers gave to someone asking him what might make a good investment.
That sentiment is as good now as it was in the early part of the last century – especially with the chance of making an enormous 233% profit on South Carolina investment property.
Despite the ups and downs of the property market, over time land pretty much outperforms many other investments.
So it follows, if you are looking to invest in the US now, that land is an investment worth considering.
Fairway Residence, is a new, gated resort community exclusively set in the heart of the established Island Green Country Club, Myrtle Beach South Carolina.
It offers investors the opportunity to secure a building plot in one of South Carolina’s premier addresses, at a pre-launch price of £21,000 per plot, exclusively through Property Frontiers.
Fairway Residences offer a peaceful retreat from the stresses of everyday life, with superb amenities representing one of today’s finest opportunities to buy into the American Dream.
The plots offer the opportunity to either land bank or to construct a luxury home and take advantage of the uplift associated with property development.
The development offers tranquil surroundings, as well as access to world class golf and some of America’s finest seaside living. Unlike many land development opportunities the infrastructure and luxury facilities are already in place, these include:
- An elegantly refurbished southern style clubhouse,
- Indoor and outdoor swimming pools, tennis courts,
- A fitness centre
- Fully equipped business centre.
Comparables on the same development are selling for $89,000 – (£63,000) with a huge 233% potential uplift over five years.
“The key difference between this proposal and most other land investment opportunities, is that the land already has outline planning permission, and is expected to have full permission within the next 3-5 years, by which point the value of the plots could be in excess of $100,000,” said Property Frontiers sourcing manager Ben Jefferis.
“However, if for some unforeseen circumstance your plot has not received full planning within that period, your deposit will be secured against an existing lot for a single family home in common with full planning already in place.
“Investors have a number of exit strategies to choose from. Alternatively, should you wish to hold the plot for the long term and build; Property Frontiers will co-develop the land and offer you a number of construction options. Obviously the biggest uplift will be seen from adding value through full planning and development over the next 3-5 years.”
For more information contact Property Frontiers on +44 (0) 1865 202700.