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Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
Distressed property seminar UK, Spain, Florida Property
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Distressed property seminar UK, Spain, Florida Property

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Seminar delivered to US investors at a recent conference in Fortaleza Brazil. Presentation focused on benefits of purchasing highly discounted properties in United Kingdom and Spain.

Seminar delivered to US investors at a recent conference in Fortaleza Brazil. Presentation focused on benefits of purchasing highly discounted properties in United Kingdom and Spain.

Published in: Real Estate, Travel, Business
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  • 1. Crisis Investing – Diversify by Purchasing Highly Discounted Spanish & UK Investments Fortaleza, 1st June 2009 SCHEDULE • Torcana Services Provided • Spain: Economic overview, opportunities within the property market • Spain: Detailed project descriptions of Granada & Almeria investments • UK: Economic overview, opportunities within the property market • UK: Detailed project descriptions of our Birmingham development • Questions, Answers & Debate
  • 2. Torcana Turnkey Services Provided Before and During Purchase Process • Review all documentation, ensure you have correct legal representation • Assist with international transfers of deposits and other payments • Project manage the furnishing and letting of your property • Assist with every step of the mortgage application process • Liaise with currency specialists on your behalf After Purchase Process • Ensure accountancy and legal services are made available to you • Help you create a UK bank account • Assist with all matters regarding rental and mortgage payments • To resell or assist with resale of property in the future
  • 3. Investing in Spain
  • 4. Spain – A General Overview 9th largest economy with a GDP of $1.6 trillion and a population of 46 million. Spanish tourist industry is 2nd largest in the world, worth $45 billion, with Barcelona, Andalucia and Madrid the 3 most popular destinations Majority of visitors come from Germany, Great Britain, Scandinavia & Ireland Spanish banks have avoided the severe problems of US & UK banks due to more stringent regulations which effectively prevented them from exposing themselves to the sub prime crisis
  • 5. Spain – A General Overview So how did Spanish banks come to control 100,000s of properties? • Spain had one of largest property booms ever seen • At it’s peak, construction industry responsible for 16% GDP and 12% employment • Property boom well and truly over, with developers struggling to meet loan obligations How an individual investor can access these highly discounted properties?? • Both banks and developers are desperate to protect their reputations (and share prices) • The only large discounts are available off market through a select number of intermediaries • Torcana is one such intermediary and we have signed collaboration agreements with two large Spanish banks
  • 6. DISCOUNTED SPANISH PROPERTIES Granada
  • 7. DISCOUNTED SPANISH PROPERTIES El Jardín Nazarí A beautiful 288 unit project designed to be a resort for personal, holiday, retirement or 2nd home use Terrific on site facilities including 4 swimming pools, spa, gymnasium, saunas, arab themed courtyard and gardens Strategic location with access to beach, ski, golf, sailing, airport & historical sites Best of all, Torcana have secured massive discounts on the few remaining units…
  • 8. DISCOUNTED SPANISH PROPERTIES El Jardín Nazarí More than 80% of units sold 25-36% distressed developer discounts available Apts range from 538 – 1114 sq feet & prices from $123,800 - $236,800 Estimated net yield of 8% Management company and community in place Up to 80% financing available from the Spanish bank controlling the development
  • 9. Investment Sample – Apartment H03 Detail 2 bedroom example Original Sales Price $191,806 (136,052 euro) Nov 2008 Valuation $218,519 (155,000 euro) Current Purchase Price $124,950 (91,788 euro) Closing Costs $14,500 Furniture $8,000 Monthly Income Estimated Rental $12,528 per year Gross Yield 10% Monthly Expenses Community Fee $1662 per year Management Fee $918 per year Annual net cash flow $9,948 Net Rental Yield 8%
  • 10. DISCOUNTED SPANISH PROPERTIES Almeria
  • 11. DISCOUNTED SPANISH PROPERTIES Almeria
  • 12. DISCOUNTED SPANISH PROPERTIES Marina de la Torre Low density project near picturesque Spanish towns, natural beauty & pristine beaches Apartments within walking distance to golf course and beach Facilities include Gym, sauna, swimming pools, terraces & gardens 18 hole golf course on site, with 3 others within 30 minutes 24 beaches & 2 marinas within a 30 minute drive Torcana has secured a great selection of properties at a 30% discount …
  • 13. DISCOUNTED SPANISH PROPERTIES Marina de la Torre Less than 25% of development currently available Selection of highly discounted (up to 30%) 2 & 3 bed apartments for sale Management Company & community already in place Prices range from $235,500 - $319,800 (€173,000 - €235,000) Estimated net rental yields 6.3% Up to 80% financing available from Spanish bank controlling development
  • 14. Investment Sample – Apartment 13 Detail 2 bedroom example Original Sales Price $366,142 (295,900 euro) Current Purchase Price $256,300 (207,130 euro) Closing Costs $27,630 Furniture $9,000 Monthly Income Estimated Rental $18,852 per year Gross Yield 7.4% Monthly Expenses Community Fee $1662 per year Management Fee $918 per year Annual net cash flow $16,272 Net Rental Yield 6.3%
  • 15. The United Kingdom
  • 16. The United Kingdom – Economic Overview Worlds sixth largest economy with a population of 62 million The UK has a diverse economy, strong domestic market, stable government and sophisticated financial systems Service sector makes up 73% of GDP London is the most visited city in the world by a considerable margin A combination of the credit crunch, property downturn, demographic trends and dramatic slowdown in housing starts will all lead to serious supply shortages in major urban areas Torcana knows where these shortages will be most acute and use our contacts in the banking and construction industry to get huge discounts on cash flow positive properties within them
  • 17. The United Kingdom contd. • Areas and Types of Properties Available - First time buyers - 1 – 2 bed properties - Either central or commuter belt • What you should avoid - Offplan Properties - Very large properties - Areas with oversupply - Extremely large developments Financing Options • 70% Variable LTV from 1.99% to 2.19% above BOE base rate • Loan amounts calculated on 5 times net salary • Number of mortgage loans increased in Feb 09 for first time since Feb 07
  • 18. OPPORTUNITIES AVAILABLE AT THIS SEMINAR: Who’s familiar with Birmingham, the UKs 2nd biggest city? (Pop 2.3m) • Located in the heart of England • Centre of leisure, culture, business, education (5 universities) & tourism • 42% of UK’s conference & exhibition trade • Superb transport links • Property prices half that of London
  • 19. OPPORTUNITIES AVAILABLE AT THIS SEMINAR: The Birmingham Flatiron 271 one & two bed apartments in three blocks – 30% remaining 35 units (13%) have been set aside for Torcana investors Incredible 40% discounts on official 2009 RICS valuations Up to 50% below previous sales price Selection of 1 and 2 bed properties ranging from 466 to 860 sq feet Prices range from $108,250 - $201,500 (£71,496 to £133,176) Gross yields of 9.7%, net yields of 6.8% Low interest UK financing available
  • 20. Investment Sample - Apartment 114 Detail 2 bedroom example Previous Purchase Price $249,895 (161,450 GBP) Current Purchase Price $119,950 (77,496 GBP) Closing Costs $11,000 Furniture $9,000 Monthly Income Estimated Rental $11,580 per annum Gross Yield 9.68% Monthly Expenses Management Fee (10%) $1,158 Community Fees $2,385 Annual net cash flow $8,037 Net Rental Yield 6.8%
  • 21. CONCLUSION Thank you very much for listening

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