T h e Pa l m s C l u bO r l a n d o , F l o r i da

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Overview...................................................................................................page 3

Area / Location .........................................................................................page 5

Resort / Community Information ...............................................................page 9

Property / Financial Information................................................................page 12

Gallery ......................................................................................................page 19

Next Steps ................................................................................................page 21

T a b l e O F C O n T e n T s

I would like to thank everybody at Torcana that helped me with my first property

purchase. Everything was clear and the process was easy to follow. I would refer

them to my contacts and look forward to do more business with them in the future.

Thanks again guys!

s T y v e F r O m n e w y O r k

“ “

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An unprecedented combination of high sales volumes and low new build activity has resulted in a critically low availability of condos in Orlando Florida. Incredibly, there are now less than 1000 condos listed for sale in a major city which receives over 50 million visitors per year. The number located in safe middle class neighborhoods is lower still. This critical lack of supply ensures that finding high quality units at a competitive price is extremely challenging.

Very few firms have matched Torcana´s consistency and quality of service in this market over the past four years. We believe that our refusal to compromise on build quality, location, financial stability and the caliber of onsite management sets us apart from the competition.

Our latest offering in the insatiable Orlando condo market is called The Palms Club, a beautifully designed and financially stable community located in the epicenter of Orlando´s tourism and economic corridor on Kirkman Avenue.

A wide selection of spacious and well appointed one, two and three bed condos are available to purchase from $84,900 - $104,900. The landscaping and architectural style is Italian / Tuscan and the on-site amenities are probably the best we have ever seen.

Torcana owns a condo in this neighborhood and we are very familiar with the local rental demand and all the other advantages conferred by its location alongside Orlando´s world famous shopping, dining, entertainment, studio theme parks and major employers.

e x e C u T i v e s u m m a r y

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The Palms Club is a beautifully designed community on Kirkman Avenue which benefits from a high visibility on one of the busiest streets in South Orlando. Built in 1999 to a high standard with hard wearing Spanish tile roofs and incorporating circa 350 units, this community was condo converted and completely refurbished in 2007.

The properties within The Palms Club have large, well apportioned floorplans with vaulted ceilings, alarm systems, walk in closets, modern appliances, balconies, sunrooms and ample free parking.

The onsite amenities have to be seen to be believed. They include a beautiful clubhouse, fitness center, two pool areas with jacuzzi, sauna and steam rooms, lighted tennis courts, a themed indoor children´s playroom, air conditioned racquet ball & basketball courts, a huge yoga room and a private bowling alley!

With an outstanding location in very close proximity to Universal Studios, Lockheed Martin, The Orlando Convention Center, Valencia College, and International Drive; this is a safe and busy middle class residential area heavily populated by people who live, work and study in a multitude of industries.

Torcana have secured a wide selection of one, two and three bedroom condos throughout the community, the majority of which are tenanted and achieving excellent rents. The long term security and viability of The Palms Club is secured with an extremely well maintained community with a strong and well funded Home Ownership Association (HOA) and a healthy budget surplus.

D e v e l O P m e n T s u m m a r y

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a r e a i n F O r m a T i O nWhy Invest in the USA?The market crash in 2006-2007 resulted in the dramatic falls in property prices among many industrialised nations, but as the graphs opposite illustrate, prices in the USA have both fallen further and stabilised for longer than other major nations.

According to The Economist, the ratio of house prices to rents is another indicator of a balanced market. Over the long term the average should be 100 and if a market is overpriced, the ratio will be very high.

As you can see from the top graph opposite, there are ratios ranging from 130-150 in the UK, China and Spain (overpriced) compared to 84 in the USA (underpriced). Not only is the USA the only major economy to have recovered to its long term average, a ratio of 84 actually represents historically good value.

In a further sign that USA property market conditions are improving, foreclosures nationally fell by a whopping 24% year-on-year, according to CoreLogic’s first national foreclosure report.

The figures reveal that there were 830,000 U.S. foreclosures nationwide in 2011 compared with 1.1 million in 2010.

 

 

Please click here to enlarge

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a r e a i n F O r m a T i O nWhy purchase in Florida? Florida is the 4th most populous state in the country and has been the 3rd fastest growing population in the USA over the last 20 years.

No other location in the western hemisphere can match Florida´s unique combination of a strategic geographic position, strong knowledge base, state-of-the-art infrastructure, entrepreneurial spirit, and concentration of corporate, financial and tourist resources.

This is a diverse, wealthy and resilient economy with a very safe and secure legal system that has been protecting foreign buyers for decades.

With real estate prices at historical lows and statistics showing rental rates increasing for several consecutive quarters, there has never been a better opportunity to invest in this market.

In our view, the properties with the best rental and capital appreciation potential will be in the neighborhoods near great schools where middle class professionals rent and buy their homes.

*With 50 million baby boomers expected to retire in the next 20 years many are going to choose Florida as their retirement destination.

• Beautiful weather

• Low cost of living

• Lots of space

• No state income and no estate taxes

• Some of best medical facilities in the world

• Some of the best schools and universities in the world

Wave after wave of both young professionals and retiring baby boomers* have been and will continue to relocate to Florida in their millions. The reasons are simple and very difficult to replicate:

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a r e a i n F O r m a T i O nWhy Orlando? Orlando is visited by 50 million people a year, that’s 1 million a week! It is the most visited city in the USA beating New York, Chicago and Las Vegas. This amazing city has simply too many attractions, restaurants, shopping malls and outlet malls, excursions and entertainment parks and facilities to list in this section. The biggest attractions - Universal Studio’s, Islands of Adventure, Sea World, Discovery Cove and Wet & Wild are all within a short drive of The Palms Club. The Mall at Millennia, Florida Mall, Premium Outlets and the Premier Outlets are all very accessible and can be reached within 5-10 minutes.

Homebuyers have been gradually chipping away at Orlando’s once-towering inventory. The number of existing homes available for purchase in Orlando is continuing a steady decline that began in back in January 2009 at 22,613 and now rests at 8,642. The current inventory equates to a 3.67-month supply of homes in Orlando, a level not seen since the red hot housing market in December 2005.

The average sales price of an Orlando property increased 10% between April 2011 and April 2012. There can be no doubt that the Orlando housing market turned a corner and that demand has been outpacing supply for some time.

Orlando inventory levels from January 2009 – April 2012

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9000  

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25000  

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The Palms Club is located in the epicentre of South Orlando’s economic and tourist corridor on Kirkman Avenue. It is an outstanding location in very close proximity to Downtown Orlando and the trendy “Restaurant Row” area of Sand Lake Road. The surrounding area is very well served with restaurants, schools, sport and leisure activities.

• Universal Studios, with its massive theme park resort is less than 5 minutes away. Universal Studios employs in the region of 15,000 people directly and many thousands more indirectly.

• Lockheed Martin, a global military systems contractor is 10 minutes away and employs 7,200 people.

• Valencia College is located directly across the street. Valencia College is part of the UCF (University of Central Florida) and between the four campuses there is an enrolment of 35,000 students.

• The Orlando Convention Center, the second largest in the USA is 5 minutes away. This convention center has an economic impact of over $2 billion and creates employment for over 25,000 people.

• The famous International Drive, home to a huge variety of hotels, shops and restaurants is also within 5 minutes.

l O C a T i O n

Please click here to enlarge map.

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r e s O r T a m e n i T i e s

The Palms Club is a beautifully designed community on Kirkman Avenue with an architectural style that is “Italian / Tuscan” with a Floridian influence.

• Gated with 24 hour mobile security

• Beautiful clubhouse with residents lounge and catering facility

• Two pool areas with Jacuzzis

• Sauna and steam room

• Lighted tennis courts

• Indoor children´s play area

• Specially designed dog park

• Indoor air conditioned racquet ball courts

• Huge yoga room

• Air conditioned basketball courts

• Wonderfully equipped fitness center

• Business center with professional meeting rooms

• A private bowling alley

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If you would like to download our full 24 page brochure, which includes:

• Price & availability list

• Floorplan & siteplan

• Running costs

Then please visit http://info.torcana.com/palms-club-orlando-florida for more information.

Torcana Ltd

USA: +1 321 806 1195

Ireland: +353 1 4433 991

UK: +44 207 193 4024

Skype: torcanaltd

n e x T s T e P s

This document contains general information relating to the purchase of property and its contents should not be construed as legal or other professional advice. This is not an investment offering. While all reasonable care has been taken in the compilation and publication of this information, Torcana Ltd make no representations or warranties, whether expressed or implied, as to its accuracy or completeness and the content is provided for information purposes only. All rents listed are current and are based on the existing lease information provided by third parties. Torcana does not oblige any buyer to use existing property management services and recognizes their right to rent his or her property independently. Furthermore, Torcana Ltd shall not be liable, directly or indirectly, to the user or any other third party for any damage resulting from the use of the information contained or implied in this document. Buyers should always seek appropriate legal, tax & financial advice from suitably qualified professionals before taking, or refraining from taking, any action.

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