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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