1 & 2 bedroom apartments - Las Vegas, United States

Property reference

The Clock Tower

Property particulars

Prices from
GBP 247,000

Bedrooms:	1 to 2	Tenure:	Freehold
Bathrooms:	1 to 2	Property age:	Off Plan/ under construction

Property description

This is your opportunity to invest in one of the worlds most dynamic cities. Known the world over for its sizzling night life, world-class shopping & dining, and opulent resorts, Las Vegas is the most lucrative property investment option on the market today. It is consistently rated amongst the elite in growth and expansion in the USA.

The Clock Tower at Spanish Hills is positioned at the heart of one of the most affluent areas in Las Vegas. It offers wide-open floor plans up to nearly 2,000 square feet, providing plentiful room to spread out. Pound for pound, this is an untouchable value compared with prices per square foot you�ve seen elsewhere.

The UK Pound is enjoying historic strength, trading at a high of over two $US Dollars during 2007 � the highest it has been in 26 years. The favourable exchange rate makes for an opportune time to purchase property in the US. The time has never been better to take advantage of the historic purchasing strength of the �UK Pound.

Mortgage paid for 3 years !

The developer has agreed to pay the mortgage of your Clock Tower apartment for three years from settlement along with all management fees. You can therefore collect three years of capital growth without paying a single dollar. In fact you can will collect five years capital growth if you include the two years off plan. This is an outstanding opportunity!

Pay only 2% until 2010!

A key opportunity for our UK, US, NZ and Australian investors is securing an apartment with a Deposit Bond instead of a 20% cash deposit. This method allows clients to invest in an off- plan development, locking in today�s prices and paying only 2% until settlement of the property (in this case 2010). It allows clients to free up their monies that would have otherwise been used as a cash deposit. Please read below for more information on Deposit Bond investing.....

Price Range:
$491,985 - $745,665USD (�247,000 - �374,000)

Point of Difference!

The Clock Tower at Spanish Hills brings all of the exciting amenities of a developed urban core into one convenient, liveable neighbourhood. The location is key for this development; near the heart of this vibrant city. This style of property will attract professional higher-income tenants.

Key Investment features:

� Deposit Bond Investors - The cost of the deposit bond will be around 2% of the unit price therefore entry costs are minimal. Don�t forget you pay only 2% to exchange and nothing else until 2010
� Cash Deposit Investors � 20% cash deposit is required to exchange with nothing else to pay until 2010
� Mortgage and management fees will be paid by the developer for 3 years. Meaning you have a hassle free investment until 2013
� Capital growth focused investment that you will not have to subsidize
� Mixed use community with excellent facilities. Everything you need is within a few minutes walk
� Comparable mixed use developments are priced much higher
� Capital Gains Tax in Nevada is only 15% if you hold your unit for at least 12 months
� No personal income tax
� No corporate income tax
� No VAT
� Freehold units

Why invest in Las Vegas?

� Booming tourism industry � over 39 million visitor per year
� Population Growth - over 6,000 new residents each month with a new resident arriving every 6 minutes
� Nevada is predicted to be the fastest growing state in the US for the next 25 years and Las Vegas the fastest growing city in the US
� Between 1985 and 1995 the Las Vegas population grew by 97.6% and is forecast to double to 4 million by 2030
� Job growth & diversification � no longer reliant on the gaming industry
� Lack of available land - By 2010 all available land will be developed and the Bureau for Land Management will not be releasing anymore
� Job growth is 4 times the national average - 16,500 jobs created last year in the gaming industry and 13,600 professional and business jobs created last year
� $25 billion being invested in new hotels and casinos over the next 4 years

What was once a tiny watering hole in the middle of an inhospitable desert, Las Vegas has bloomed into a welcoming oasis and one of the fastest-growing cities on the planet. It is truly the �Entertainment Capital of the World.�

This metropolitan area has one of the strongest economies in the USA. Where people once came to Las Vegas purely for gambling and lavish cabaret, they now also come for business conventions, along with the climate, amenities and communities being created within the city limits, with their vibrant mix of small businesses, boutiques, fine restaurants and bijou stores.

A number of unique factors have come together in Las Vegas, from a historically steady boom in population to a limited supply of land. These factors continue to push Las Vegas property values up � and to the forefront of the clever investor�s portfolio.

Deposit Bond Investing!!

A Deposit Bond is a substitute for the cash down payment or deposit required when purchasing a property.

By using a Deposit Bond instead of cash, the amount of the deposit is retained by the purchaser until settlement. There is no need for the purchaser to withdraw the cash required from other investments or out of equity in other property assets.

Rather than paying the deposit amount required in cash, you only pay a small premium for the Deposit Bond, which the seller or developer accepts in lieu of cash.

When you use a Deposit Bond you satisfy the vendor�s deposit requirements by the issue of what is essentially a deposit guarantee.

Deposit Bonds can be issued from 3 months to as long as 3 years, which means you can keep your money working for you right up until closing, when you will be required to pay the property's full purchase price....

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