PROPERTY specialists Christies Estates is once again expanding its operations into new far-flung lucrative markets and in the USA, Orlando is proving to be anything but a Mickey Mouse investment.
With the growth of international travel, the world is getting smaller and with Christies' expertise, it is easier to access international markets. Currently in Britain and Europe, Irish investors are among the biggest and bestloved gamblers in the property club. Orlando has grown in popularity with investors, particularly in the past few years when the value of the dollar waned against the euro.
In Orlando, 'condominium' living is the current 'in style' property rage. Park Central is one such offering. It's ideally located just south of 'downtown' and a few minutes east of the Mall at Millennia (unfathomable amounts of designer stores) and right beside the �ber-stylish Blue Martini night spot.
The recreational amenities on this complex are awe inspiring; a state-of-the-art multilevel fitness centre that boasts a racquetball court, spinning room with five plasma TVs, zen-inspired yoga, aerobics room, sauna, full-sized indoor basketball court, five resortstyle swimming pools, two illuminated tennis courts, private day spa and private cinema.
And of course, there's also ample parking and a manned entry gate.
Inside the properties there are large master suites with walk-in wardrobes and fully equipped kitchens with modern appliances like ice makers and electric waste disposal.
Some of the units even have solariums, large patios and lofts and are prewired for surround sound.
Based on approval of a 75% USA mortgage, a further Euro34,000 cash investment could secure a 669sq ft condominium at Belmont Park Central.
This investment will yield approximately 5% gross return during the first two years on original purchase price, which is approximately Euro115,000.
Prices range all the way up to Euro204,538, depending on size and specification of the property.
There will also be management costs (between one and 15% annual rental income), home owner's association fee, and annual real estate tax.
Christies Estate Tel: 01-667 0099; email:
sales@christiesestates. com
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