This investment offers prime location, coastal land plots in the sought-after area of Rotonda Lakes, Englewood in Florida.
Investors are presented with an opportunity to purchase land plots at a significant discount to original prices. Land plots all have freehold title and are sold through reputable Title and Escrow Companies. The plots are in a variety of sizes, locations and elevations. Full infrastructure is in place with electric, sewer and water utility installation already paid for.
You can maximize your investment building a single-family home (see the section New Build Upgrade) for instant equity and rental returns.
To maximise this investment opportunity, we recommend building a 3-bedroom single-family home on your plot and let it long term to earn annual rental income. There is high local demand for 3-bedroom family homes in this area and supply is short.
BRIC Group has put together an all-inclusive package that enables you to buy a plot and have a house built on it within 25 weeks. This package includes all planning permission applications and approvals, site preparations and build costs.
The single-family home model comprises a spacious living room/diner with an American open-plan kitchen, stylish tray ceiling insets and tile flooring. All three bedrooms have carpets. Two bedrooms share a bathroom whilst the master bedroom has an ensuite bathroom. A large two car garage and separate washing/drying area can be accessed from the fully fitted kitchen. There are many additional features available such as a private swimming pool and terracotta tile roof.
We work with a reputable construction company experienced in the local area who know the plots well and have in-depth knowledge of all the planning and building regulations of the area.
Englewood is a beautiful beachfront town situated on the Gulf of Mexico in Southwest Florida on the border of Sarasota County and Charlotte County, The area has a population of almost 15,000 (2010 census) that is growing rapidly. With an average year-round temperature of 25ºC and stunning coastal panoramas, the area has long attracted thousands of tourists each year. The climate, tranquility and scenery also appeal to retirees. Charlotte County has been rated as the second best place to retire in Florida. These factors combined with the many employment opportunities in the area make Englewood a top relocation destination.
Charlotte County boasts 219 miles of exquisite coastline and nearly 13 miles of Gulf coast beaches. The town is served by three airports: Sarasota International Airport, Southwest Florida International Airport and Punta Gorda Airport. Over 600 technology companies are located in the area and it is home to a huge healthcare industry. Adding to its popularity, the area has one of the lowest crime rates in the state of Florida.
Englewood offers good amenities in a small-town environment. It is popular with relocating families and ‘snowbirds’ residents from the colder northern states in the US and Canada who holiday in the town during the winter.
The area is experiencing a major shortage of properties. Fueled by a growing population, the area is attracting new residents drawn by the dual attractions of job opportunities and a popular retirement destination. The population in Southwest Florida is currently growing at the rate of 1.4% a year and both Charlotte County and Sarasota have experienced hikes in their number of inhabitants. Their unemployment rates are also some of the lowest in the state.
These two factors put pressure on both the resale and rental markets. Both markets have seen prices being pushed upwards and drastically low levels of supply. Single-family homes are in particularly strong demand.
Sarasota County has also ranked as the fastest growing for luxury property in the US, according to the Luxury Home Index published by realtor.com. According to the Index, good-value property prices in Sarasota have sparked interest among buyers from outside Florida. “Luxury prices in the Sunshine State are rising quickly as buyers from places like New York, Boston, and Chicago get wind that there is a better bang for their buck available down South,” said the Index.
New home inventory levels are also low and the need for new builds is strong in the area, fueled by demand from retirees and buoyant employment creation. According to a regional construction company Homes Solutions, population growth in the region means that Southwest Florida needs nearly 13,900 new homes a year to cater for its new inhabitants.
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