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Property for sale information

 
Sullivan Square , Las Vegas, USA  
Reference nr: JM922412
Description:

One of the most exciting investment opportunities available in the US, Sullivan Square is a mixed-use urban development in Southwest Las Vegas located just 10 minutes from the strip and McCarran International airport. The project is designed to offer community living to an eclectic mix of owner occupiers/renters through the huge variety of product types and arrives to the market at a time when impressive rental yields are being achieved and attractive capital appreciation is expected.

Inspired by the timeless designs of Louis Sullivan, whose work at the turn of the century influenced architecture in every major city worldwide, Sullivan Square is designed to provide residents comfortable living amidst the ample conveniences and services like those found in neighborhoods of major metropolitan cities such as Chicago, San Francisco and Toronto.

Why invest in Sullivan Square?

• Take advantage of the Weak US$
• In 2006, Las Vegas averaged 7000 new residents per month
• 5 major new casinos being delivered between 2007-10 each one requiring 15,000 new staff
• Each delivery of a casino has in the past led to a real estate spike
• Only 6 years of developable land remaining
• Strong rental market with yields increasing at an average 4.7% per annum
• 5% deposit on exchange, 95% on completion*
• Multiple exit strategies

Las Vegas is currently the fastest growing city in the US. The population has increased 27.6% over the past 5 years and with the entertainment and financial sectors planning further expansion, this trend is going to continue, creating a high demand for quality rental and ownership property.

"We expect this metro area to remain one of the country's fastest growing, as strong demographic Fundamentals and a World renowned gaming and convention business drive growth in the economy".

Extract from a Deutsche Bank report November 2006.


Studio, one, two and three bedroom apartments and penthouses start from €212,000
Prices subject to currency fluctuation, all contracts take place in US dollars

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 212,000
Features:
City
Submission Date:
02-01-2008
Advertiser Details:


Name:
Joanne Murphy

Company:
Future Properties

Phone:
(0)1 669 4652
Fax:

Mobile:

 
Property Photo Gallery

 

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Calculators

 
Property price: €212,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations