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WHY FLORIDA - WHY NOW?
For those investors paying attention to the international media, you are without question aware of the stabilisation and resurgence of the US property market.
Condo apartment prices in South Florida have recently hit 5-year highs and over the course of the last few months alone we have seen sales volumes rise by 30%, along with median sales prices increasing an incredible 23%*.
If you have followed our organisation over the last four years, you will know that our primary focus has always been (and continues to be) on providing distressed rental apartments at significantly discounted levels.
Using our experience and knowledge of the Florida market, our sourcing and acquisitions team cherry pick only those opportunities that offer strong annual rental returns, whilst still being found in desirable, well located areas. We then leverage our buying power to negotiate the best possible prices for our clients as part of a hassle free, packaged investment program. Everything from product sourcing, rental management, bank accounts, title transfer and due diligence all contribute to delivering the best investment products for our clients.
With opportunities across Orlando, Tampa, Miami and Fort Myers, our current portfolio follows this philosophy and continues to outperform in the marketplace. All of our communities are gated and typically offer upmarket facilities such as pools, tennis courts and fitness centres onsite.
With the US property market already heating up, we believe the window of opportunity to be very short, with now being the time to invest in this ever popular, global tourist destination. *Details correct as of February 2013.
+44 (0)161 772 1370
“
I bought two properties in the USA through Knight Knox. Both properties closed without a hitch and are giving a great yield!
Ms. N. McEvoy
“
www.knightknox.com
+44 (0)161 772 1370
WHERE DO WE SELL? Orlando - With a multitude of world-famous attractions including Sea World, Walt Disney WorldŽ Resort and Universal Studios right on the doorstep, its small wonder that Orlando is one of the most popular destinations in Florida. Tampa - Situated on Florida’s beautiful West Coast, the City of Tampa is a thriving business hub. As the region expands, property prices are expected to rise; ensuring investors are excited about buying into this vibrant community. Sarasota - A small community town with a big city attitude, Sarasota is a cultural haven with museums, art galleries and antique shops, all clamouring for attention against the high-end retail outlets and salons that are now increasingly in demand. Miami - Playground to the rich and famous, Miami is an international hotspot for investors wanting high-end luxury residences in one of the most cosmopolitan cities in the U.S. Naples - Nestled along the Gulf of Mexico, Naples is home to breathtaking sunsets, championship golf courses, high-end retail outlets and pure white sand beaches, all of which combine to ensure residents are at the forefront of luxury living. Fort Myers - The third fastest-growing market in Florida with some of the most sumptuous condos and apartments in the world, buyers will be hard-pressed to find a more lucrative area in which to invest in their future.
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INVESTMENT EXAMPLE
VILLAS AT LA CITA | ATLANTIC COAST INTERNAL
FLOOR PLAN
* Disclaimer - Images representative of typical investment and may not resemble your unit.
UNIT LOCATION
+44 (0)161 772 1370
EXTERNAL
EXAMPLE INVESTMENT RETURNS Example Investment Figures* Size
2 bed, 1 bath
Price
$50,900
Rent
$650
Community Costs (HOA)
$133.57
Taxes (paid year 1)
$43
Management (paid year 1)
$65
NET return on investment
$4,896
NET Rental Yield
9.6% *Closing costs are less than 3% of purchase price *$2,500 arrangement cost paid on reservation
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KKI Experts’ Opinion This community is the only one to land on my desk over the last two years that offers genuine 9-10% NET rental yields whilst still being under the all important $50-$60,000 price point for cash buyers. The community is located only 20 minutes drive from all of the Orlando Theme Parks whilst being situated next to a championship golf course and within walking distance of the Florida Atlantic Coastline. The community has recieved very positive reviews online and all of our units here are rented fully to tenants on 12-month rental agreements. We also have a very experienced rental manager operating on this community, ensuring hassle free, long-term returns for investors.
MATTHEW LAVIN With the Florida market already demonstrating positive signs of recovery, we have found
International Business Development Manager Knight Knox International
that investor appetite on these types of investments is now stronger than ever and with fewer and fewer deals being available at any one time, it is becoming increasingly difficult to secure quality property at a discounted price. This property is one of our highest returning investment options across our entire portfolio and offers what I believe to be the best balance of price, location and returns.
“ www.knightknox.com
REASONS TO INVEST
+44 (0)161 772 1370
Lifestyle • • •
Secure, gated communities Hotel-style facilities including; fitness centre, clubhouse, swimming pool, tennis courts etc* Close to beaches, golf courses, luxury dining and theme parks *Facilities dependent on residence chosen
Secure Ownership and Purchase Process • • •
Clear freehold title deeds Straight-forward purchase process Low-hassle investment
Timing • • •
Average 70% discount below peak prices Lucrative NET rental yields (assured for the first year) Quality properties in prime real estate areas
The Complete Knight Knox International Service Buying property abroad doesn’t need to be stressful or complicated, which is why we offer you a full range of services to make your purchase run as smoothly as possible. We can assist you with: • • • • • •
Bank accounts Currency transfers Legal assistance Rental management Title transfers Full UK and USA support throughout the process
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Rental Management
After Sales
Knight Knox International operate a licensed Florida property management company, specialising in single family homes, townhouses and condominiums for rent in all areas of Florida. We offer a complete range of services for all of your real estate investment needs. Below are just a few of the services that we offer.
Our dedicated team in the UK and Florida are on hand via email and telephone throughout the sale and beyond, to assist you wherever possible to ensure that your purchase runs smoothly and effectively.
• • • • • • • • • • • •
Licensed community association managers Free rental analysis Eviction protection and processes Leasing consultants, available 7 days a week Proven marketing plan Yard signs (where allowed) Annual property review reports for owners Attorney prepared leases Direct deposit Monthly statements End of year statements and 1099 reporting statement Licensed and insured vendors Tenant screening on every adult application to include:
• • • • • • •
Eviction search Criminal background check Residential verification References Employment verification Credit history Check writing ability and social security fraud alerts
Qualifiying the right tenant through the right procedure makes a difference!
+44 (0)161 772 1370
Title Transfer Knight Knox International works alongside one of America’s top legal firms, with over 160 years‘ experience in all aspects of US law. Clients purchasing real estate through Knight Knox International can buy safely and efficiently across a typical 30-day completion process.
Currency Transfer We can tailor to all your currency needs to ensure that any overseas transfers are cost efficient and straight forward.
Bank Accounts We operate a simple and effective way to open a US bank account and this can be carried out alongside the purchase process.
Our Services
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$5000 wired to the Knight Knox International head office
Email a copy of your passport to Knight Knox International
A sales agent will confirm receipt of all funds and paperwork and send you a confirmation email back
The unit you have reserved will be taken off general availability and reserved under your name
Purchase agreement will be sent to you within 3-4 days after reservation
All contracts are required to be signed and returned to Knight Knox International (email or fax)
The title company sends you an email directly, to agree on a date of closing and to prepare the settlement statements
The title company will send the settlement statements and closing documents to you via first class post. You will then need to sign and return these documents
The balance is paid across to the title company in the USA, to complete the purchase
The management company informs you of the current lease agreement and day-to-day rental of the unit
The sales agent confirms receipt of balance and instructs settlement statements to be sent in the post, along with title deeds
Title deeds and settlement statements received within 4 weeks, from the date of purchase
Purchase Process
+44 (0)161 772 1370
STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 STAGE 6 $5000 (In total to reserve)
Email a copy of your passport to Knight Knox International
A sales agent will confirm receipt of all funds and paperwork and send you a confirmation email back
The unit you have reserved will be taken off general availability and reserved under your name
Contracts will be sent to you within 3-4 days after reservation
All contracts are required to be signed and returned to Knight Knox International
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Our Current Florida Listings Rotunda Heights, Gulf Coast, Florida - 60% Below peak price - Build now, build later or buy for Investment - Foreign ownership permitted - Closing costs paid
PRICES FROM, $19,900
Winter Park, Orlando - 10% NET rental returns - HOA and taxes paid for one year - 2 and 3 condos available - Private members club on-site
PRICES FROM, $35,189
Villas At La Cita, Florida - 10% NET rental returns - Located right on the Atlantic Coastline - 1, 2 and 3 bedroom apartments available - Pool, Gym and Clubhouse on site
PRICES FROM, $42,900
Park Lake, Brandon, Gulf Coast - 10.5% NET rental returns - Apartments rented on 12-month contracts - 1 bedroom apartments available - 10 acres of waterfront
PRICES FROM, $56,995
Tradewinds, Orlando - 80% lower than peak prices - 1 bed, 2 bathroom apartments - Superb buy-to-let and future growth potential - Priced at less than it cost to build
+44 (0)161 772 1370
PRICES FROM, $64,900
Cobblestone at Eagle Harbour, Jacksonville PRICES FROM, $71,900
- 7% NET rental returns - Hassle-free, long-term investment - 1, 2 and 3 bed apartments - State-of-the-art fitness centre
Daniels Gardens, Fort Myers - Tenanted apartment producing $750 per month - HOA and taxes paid for 1 year - 2 bedroom apartment located in Fort Myers - Within minutes of Southwest International Airport
PRICES FROM, $73,900
Residences at Villa Medici, Orlando - Central Orlando location - Choose from tenanted or vacent properties - Upgraded studios, 1 and 2 bed condos - 5 minutes from Universal Studios
PRICES FROM, $73,900
Equestrian Parc, Tampa - 9% NET rental returns - Limited number of units - 2 bedroom apartments - Close to all Tampa attractions
PRICES FROM, $85,900
Richmond Place, Tampa - 10% NET yields with tenants in place - Range of 1 and 2 bed apartments - Tenants in place on 12 month leases - High spec development in the heart of Tampa
PRICES FROM, $89,900
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Our Current Florida Listings Crescent Place, Altamonte Springs - 10.5% NET rental returns - Luxury club house - 1 bedroom apartments available - Private gym
PRICES FROM, $98,900
The Palms Club, Orlando - High spec Orlando investment - Prices 60% lower than peak - Range of 1 to 3 bed units available - 3 pools with spas
PRICES FROM, $86,900
Visconti Apartments, Orlando - Stunningly renovated apartments - Two resort-style, terraced lakeside pools - 1, 2 and 4 bed apartments - Priced 60% lower than peak
PRICES FROM, $94,500
Mirabella Apartments, Orlando - Solid rental returns for cash investor - Prices 60% below peak of market - 1 bedroom apartments - Located within minutes of all Orlando theme parks
PRICES FROM, $94,500
New Smyrna Golf Residences, Florida - Short and long term rentals - Golf green fees included - High spec luxury townhouses - 2 and 3 bedroom houses
+44 (0)161 772 1370
PRICES FROM, $124,900
Palm Point Condominiums, Palm Beach - Ocean view east coast condos - Completed and ready now! - 1, 2 and 3 beds available - Entertainment-sized living rooms
PRICES FROM, $175,000
Mariposa Townhomes, Naples - Situated in a prime Naples location - 3 and 4 bedroom luxury townhouses - Sold between $450-$550,000 in peak - Close to luxury shopping, dining and golf
PRICES FROM, $190,000
Ocean Tower, Miami - 6% 3 year rental guarantee - 50% non-status finance - Studio apartments - No running costs for 3 years
PRICES FROM, $275,000
Brickell Village, Miami - Spectacular bay and city views! - Completed with tenants in place - 1 and 2 bedroom apartments - 15 minutes from Miami International Airport
PRICES FROM, $305,000
Pelorus, Miami Beach - Prime Miami beach location - Stunning bay and sea views - 1,2 and 3 bedroom - 24hr concierge and valet parking
PRICES FROM, $350,000
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About: Knight Knox International
+44 (0)161 772 1370
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We are a long-standing company (a Ltd company since 2004) with an excellent reputation
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We have a large experienced team of over 27 staff, with a collective property experience of more than 200 years
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We have exclusive market-leading products that are hand-picked proven investments that sell in volume
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We cater to all types of clients, from firsttime buyers to large investors, helping build property portfolios and establishing good income returns
We are one of very few companies to experience ‘full market cycles’
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We have a global partner network of overseas agents and on-the-ground specialists
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We sell property in over 50 countries worldwide and have local expertise on the ground in every location
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Most of all, our clients buy with us again and again because we are honest, experienced, professional and market the best opportunitiesmarket the best opportunities
Testimonial
“My husband and I have bought many properties now through Knight Knox International . . . We have a decent portfolio and will no doubt buy more properties with them over the coming years!” Mr and Mrs Lowe, Hong Kong “It is very refreshing to find a company who keep you informed when they say they will. They know where my interests lie and have always made me aware of opportunities that suit my investment needs” Mr G. Brown, UK
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Knight Knox International Ltd Web: www.knightknox.com Email: info@knightknox.com Tel: 0161 772 1370