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T h e Pa l m s C l u b

O r l a n d o , F l o r i da

Overview

Area/Location

Resort/Community information

Property/Financial information

Gallery

Next Steps

Ta b l e O F C O n T e n T s
Overview...................................................................................................page 3 Area / Location .........................................................................................page 5 Resort / Community Information ...............................................................page 9 Property / Financial Information................................................................page 12 Gallery ......................................................................................................page 19 Next Steps ................................................................................................page 21

them to my contacts and look forward to do more business with them in the future. Thanks again guys!

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

sTyve FrOm new yOrk

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Incredibly. 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.900 .Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps exeCuTive summary An unprecedented combination of high sales volumes and low new build activity has resulted in a critically low availability of condos in Orlando Florida.900. A wide selection of spacious and well appointed one. two and three bed condos are available to purchase from $84. entertainment. studio theme parks and major employers. The landscaping and architectural style is Italian / Tuscan and the on-site amenities are probably the best we have ever seen. dining. Home 3 . Our latest offering in the insatiable Orlando condo market is called The Palms Club. financial stability and the caliber of onsite management sets us apart from the competition. We believe that our refusal to compromise on build quality. Very few firms have matched Torcana´s consistency and quality of service in this market over the past four years. This critical lack of supply ensures that finding high quality units at a competitive price is extremely challenging. location. 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.$104. a beautifully designed and financially stable community located in the epicenter of Orlando´s tourism and economic corridor on Kirkman Avenue.

two pool areas with jacuzzi. The onsite amenities have to be seen to be believed. Lockheed Martin. this is a safe and busy middle class residential area heavily populated by people who live. walk in closets. a themed indoor children´s playroom. Torcana have secured a wide selection of one. air conditioned racquet ball & basketball courts. Built in 1999 to a high standard with hard wearing Spanish tile roofs and incorporating circa 350 units. Home 4 . fitness center. well apportioned floorplans with vaulted ceilings. Valencia College. this community was condo converted and completely refurbished in 2007. The Orlando Convention Center. the majority of which are tenanted and achieving excellent rents. work and study in a multitude of industries. balconies. alarm systems.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps DevelOPmenT summary 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. and International Drive. modern appliances. 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. a huge yoga room and a private bowling alley! With an outstanding location in very close proximity to Universal Studios. sunrooms and ample free parking. lighted tennis courts. They include a beautiful clubhouse. sauna and steam rooms. two and three bedroom condos throughout the community. The properties within The Palms Club have large.

the ratio of house prices to rents is another indicator of a balanced market. there are ratios ranging from 130-150 in the UK.   Home   Please click here to enlarge 5 . Over the long term the average should be 100 and if a market is overpriced.S. According to The Economist.000 U. but as the graphs opposite illustrate. the ratio will be very high. In a further sign that USA property market conditions are improving. a ratio of 84 actually represents historically good value. China and Spain (overpriced) compared to 84 in the USA (underpriced). foreclosures nationally fell by a whopping 24% year-on-year. prices in the USA have both fallen further and stabilised for longer than other major nations. according to CoreLogic’s first national foreclosure report.1 million in 2010. The figures reveal that there were 830. As you can see from the top graph opposite. Not only is the USA the only major economy to have recovered to its long term average.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps a r e a i n F O r m aT i O n Why Invest in the USA? The market crash in 2006-2007 resulted in the dramatic falls in property prices among many industrialised nations. foreclosures nationwide in 2011 compared with 1.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps a r e a i n F O r m aT i O n Why 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. 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: • 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 Home 6 . No other location in the western hemisphere can match Florida´s unique combination of a strategic geographic position. wealthy and resilient economy with a very safe and secure legal system that has been protecting foreign buyers for decades. financial and tourist resources. 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. stateof-the-art infrastructure. there has never been a better opportunity to invest in this market. and concentration of corporate. This is a diverse. entrepreneurial spirit. *With 50 million baby boomers expected to retire in the next 20 years many are going to choose Florida as their retirement destination. strong knowledge base. With real estate prices at historical lows and statistics showing rental rates increasing for several consecutive quarters.

There can be no doubt that the Orlando housing market turned a corner and that demand has been outpacing supply for some time. that’s 1 million a week! It is the most visited city in the USA beating New York. The Mall at Millennia.67-month supply of homes in Orlando. Discovery Cove and Wet & Wild are all within a short drive of The Palms Club. The current inventory equates to a 3. The average sales price of an Orlando property increased 10% between April 2011 and April 2012.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps a r e a i n F O r m aT i O n Why Orlando? Orlando is visited by 50 million people a year. shopping malls and outlet malls. This amazing city has simply too many attractions. Florida Mall.642. Chicago and Las Vegas. a level not seen since the red hot housing market in December 2005. Orlando inventory levels from January 2009 – April 2012 25000   21000   17000   13000   9000   5000   Jul-­‐09   Jul-­‐10   Mar-­‐09   Mar-­‐10   Mar-­‐11   Jul-­‐11   May-­‐09   May-­‐11   May-­‐10   Home Mar-­‐12   Jan-­‐09   Jan-­‐10   Jan-­‐11   Sep-­‐09   Nov-­‐09   Sep-­‐11   Nov-­‐10   Nov-­‐11   Sep-­‐10   Jan-­‐12   7 . Sea World.613 and now rests at 8. The biggest attractions . The number of existing homes available for purchase in Orlando is continuing a steady decline that began in back in January 2009 at 22. Premium Outlets and the Premier Outlets are all very accessible and can be reached within 5-10 minutes. excursions and entertainment parks and facilities to list in this section.Universal Studio’s. Homebuyers have been gradually chipping away at Orlando’s oncetowering inventory. Islands of Adventure. restaurants.

The surrounding area is very well served with restaurants. schools. • Lockheed Martin.000 people directly and many thousands more indirectly. with its massive theme park resort is less than 5 minutes away. • The Orlando Convention Center. shops and restaurants is also within 5 minutes.000 people. This convention center has an economic impact of over $2 billion and creates employment for over 25.200 people.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps l O C aT i O n The Palms Club is located in the epicentre of South Orlando’s economic and tourist corridor on Kirkman Avenue. Universal Studios employs in the region of 15.000 students. a global military systems contractor is 10 minutes away and employs 7. • Universal Studios. home to a huge variety of hotels. Please click here to enlarge map. • The famous International Drive. • Valencia College is located directly across the street. Home 8 . Valencia College is part of the UCF (University of Central Florida) and between the four campuses there is an enrolment of 35. sport and leisure activities. the second largest in the USA is 5 minutes away. It is an outstanding location in very close proximity to Downtown Orlando and the trendy “Restaurant Row” area of Sand Lake Road.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps resOrT ameniTies 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 Home 9 .

$104.900.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps P r i C e s & ava i l a b i l i T y There are 350 units in this community with a wide selection of one.900 . two and three bed condos on offer at an incredible price range of $84. Home 10 . Please click here for a high resolution site plan and a full availability list which is updated daily.

We were very impressed with the extra high ceilings. • Large and well proportioned floorplans • Vaulted ceilings • Alarm systems • Modern appliances and cabinetry • Plush carpeting in the living. balcony storage areas. dining and bedrooms • Ceramic tile flooring in kitchens and bathrooms • Large walk in closets • Air conditioning • Choice of balcony or sunroom • Additional storage areas • Ample free parking Home 11 . walk in wardrobes and the general flow of the properties.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps P r O P e r T y i n F O r m aT i O n The Palms Club properties are spacious. well appointed and meet all the stringent building standards that young communities must adhere to.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps FlOOr Plans Unit # 1-108 Purchase Price Bedrooms / Bathrooms Size Gross monthly rental income Gross rental yield Monthly Running Costs Management @ 10% Estimated Real Estate Taxes HOA Fees Estimated Insurance Monthly net cash flow Estimated net rental yield $84.50 $56 $225 $35 $391 5.1% $78.5% Home 12 .900 1 bed / 1 bath 840 sq ft $785 11.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps FlOOr Plans Unit # 6-207 Purchase Price Bedrooms / Bathrooms Size Gross monthly rental income Gross rental yield Monthly Running Costs Management @ 10% Estimated Real Estate Taxes HOA Fees Estimated Insurance Monthly net cash flow Estimated net rental yield $95.2% Home 13 .018 sq ft $975 12.50 $66 $275 $38 $499 6.2% $97.900 2 bed / 1 bath 1.

900 2 bed / 2 bath 1.00 $75 $313 $38 $510 6.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps FlOOr Plans Unit # 4-102 Purchase Price Bedrooms / Bathrooms Size Gross monthly rental income Gross rental yield Monthly Running Costs Management @ 10% Estimated Real Estate Taxes HOA Fees Estimated Insurance Monthly net cash flow Estimated net rental yield $92.6% Home 14 .159 sq ft $1.4% $104.040 13.

30 $77 $325 $38 $445 5.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps FlOOr Plans Unit # 4-210 Purchase Price Bedrooms / Bathrooms Size Gross monthly rental income Gross rental yield Monthly Running Costs Management @ 10% Estimated Real Estate Taxes HOA Fees Estimated Insurance Monthly net cash flow Estimated net rental yield $92.900 2 bed / 2 bath 1.7% Home 15 .208 sq ft $983 12.7% $98.

2% Home 16 .50 $70 $320 $42 $626 7.175 13.4% $117.900 3 bed / 2 bath 1.191 sq ft $1.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps FlOOr Plans Unit # 12-210 Purchase Price Bedrooms / Bathrooms Size Gross monthly rental income Gross rental yield Monthly Running Costs Management @ 10% Estimated Real Estate Taxes HOA Fees Estimated Insurance Monthly net cash flow Estimated net rental yield $104.

Closing Costs You should budget approximately $2000 to cover legal. Please click here for the latest price & availability list. If it is short term and your contract is with a management company. In October each year an estimate of the current years’ property taxes is published and you can view this estimate on the County Tax Appraisers website. common areas and facilities from the swimming pool down to the security gate and rubbish collection. Home 17 . If it’s a long term rental investment. Insurance The usage of the property determines the type of insurance required. minimum contents cover is required. They are also responsible for the structures of the buildings within the community and insuring all common areas. amenities and average property values within the vicinity. title and agency fees.e. an insurance aspect will be built into their management fees.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps s Ta n Da r D r u n n i n g C O s T s Home Ownership Association (HOA) Each community has a Home Owners Association who is responsible for looking after the community as a whole – i. Property taxes are calculated by the County Tax Appraiser and are based on local services. Real Estate Taxes This is a tax levied on every single building in the United States and is similar in some respects to the Council Tax in Britain.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps l O n g T e r m s T raT e g y Many investment decisions right now are being made solely on the basis of net rental yield and the 5-8% net yields currently available in a community of this calibre are certainly high enough to get most buyers attention. With rigorous due diligence. send their children to school and earn a high income per household.900 $2. However. low HOA fees and a failure to include insurance in the running costs. capital appreciation and managing your tenants well. A Buy and Hold Strategy (5 / 10 / 15 years) The Palms Club Purchase Price Closing Costs (legal/title fees) Annual net rental Income* Year 1 Years 2-5 Years 6-10 Years 11-15 Total Net Income Earned Property Value** Potential Pension Pot*** $4.692 $20.700 $399. there has been a large increase in the numbers of people buying and promoting low quality and poorly managed communities that look great on paper.700 $341.370 $287. the fact remains that the bulk of profits in real estate are made from a combination of buying at the right time. a falling inventory.855 $42. Falling unemployment. these pitfalls can easily be avoided.070 1 Bed Unit $84.000 * assume 3% increase per year on average after HOA.878 $33. a stable rental market and purchase prices at record lows all indicate that this is a great time to purchase.478 $87. Rental yields are in these locations are often inflated by artificially low management fees.966 $5.725 $111.218 $28.266 $254.000 2 Bed Unit $95. insurance & mgt ** let´s modestly assume that house prices are back to 2006 levels by 2026 *** these numbers don´t take into account any equity release that may be possible Home 18 . Failure to adhere to the fundamentals above can be extremely expensive and time consuming.803 $36. Capital appreciation is always most assured in safe and low density locations where the top tier of affluent professionals work.988 $25. As inventory has tightened across Florida. taxes.900 $2. increased economic activity.

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps resOrT PiCTures Home 19 .

Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps PrOPerTy PiCTures Home 20 .

Optional services that our partners can provide include: • Arranging property inspections • Opening a local US bank account • Arranging insurance for your property • Currency transfer service • Obtaining non-resident social security number(s) • US notary services. For this reason. energy and money. Home 21 . these services can offer peace of mind. selecting and paying for the unit is only the first step to ensure that your asset is as profitable and trouble free as possible. Torcana has built strong relations with companies and individuals who are well placed to assist buyers with a range of important sales and aftersales issues in the US real estate market. avoid unnecessary penalties and save huge amounts of time. required for the IRS and saving a trip to the US Embassy • Annual tax returns For non US based buyers in particular.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps summary OF serviCes As any property landlord will know.

a purchase agreement will be sent to you via email which should be signed and faxed back to our affiliate brokerage office.500 . the most popular option for both rentals and resale are the corner waterfront units and they will be snapped up extremely quickly.500 deposit needs to be wired to the relevant Title Company and confirmation of transfer supplied. Call us today* to discuss how you can secure the best available property.000 • In The Palms Club. You can rescind your contract at any stage during this period and receive a full refund of your deposit. You will have a 15 day inspection period to complete a professional home inspection and/or a personal site visit which we will be glad to facilitate. • Closing costs will depend on the unit but generally range from $1. • Once the deposit and contracts are received the property is then officially under reservation. * USA: +1 321 806 1195 / Ireland: +353 1 4433 991 / UK: +44 207 193 4024 Home 22 . • A $2. • After the inspection period has passed and you are satisfied with everything.$2. the official closing will be within 15 to 20 days and the full purchase price must be paid to the Title Company before the agreed Closing Date.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps PurChase PrOCeDure • Once a unit has been selected.

You must pay HOA fees. Instructed to represent both the seller and purchaser. ensuring they pay on time. it can be a highly satisfying and profitable experience. liaising with your tenant. What exactly does a property management company do to earn its fees? Your management company is responsible for arranging lease agreements. What does a title company do? Title companies are independent legal firms who transact every property purchase within the United States. organising any repairs necessary. communicating with you on a regular basis. When done correctly. their role is to ensure that the title is transferred to the new party. real estate taxes. The same overheads apply to practically every property in Florida. Home 23 . How are net yields calculated? This is your net income expressed as a percentage of the purchase price after all overheads are deducted. completely free of all liens and encumbrances and that conditions signed up to within the purchase agreement are adhered to. paying you the balance of your rent. providing income statements and placing new tenants whenever necessary. When and how do I receive rental payments? Funds are generally deposited into your bank account around the 10th of each month.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps F r e q u e n T ly a s k e D q u e s T i O n s After purchasing a family home. the purchase of an investment property is the second most important financial decision in most people’s lives. property management fees and home insurance. Below are short answers to some of the questions we most often receive.

This is not an investment offering. Torcana Ltd USA: +1 321 806 1195 Ireland: +353 1 4433 991 UK: +44 207 193 4024 Skype: torcanaltd investments@torcana. any action. Torcana does not oblige any buyer to use existing property management services and recognizes their right to rent his or her property independently. as to its accuracy or completeness and the content is provided for information purposes only. whether expressed or implied. Home 24 . Torcana Ltd make no representations or warranties. or refraining from taking.torcana. 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. Torcana Ltd shall not be liable. Buyers should always seek appropriate legal. Furthermore. While all reasonable care has been taken in the compilation and publication of this information.com This document contains general information relating to the purchase of property and its contents should not be construed as legal or other professional advice.Overview Area/Location Resort/Community information Property/Financial information Gallery Next Steps C O n Ta C T If you wish to learn more about The Palms Club or indeed discuss any of our other US opportunities please call one of our highly experienced members of staff. All rents listed are current and are based on the existing lease information provided by third parties.com www. tax & financial advice from suitably qualified professionals before taking. We will talk you through the available options and discuss the market as a whole to ensure you are well informed to make the best purchase decisions.