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2 bedroom apartment for sale

USA - The Grove Resort and Spa, Orlando, Florida

USD $254,900

like this property?

Call: 03339 391055

Key features:

  • 110-acre, 878-unit short term rental community
  • 4-diamond, full-service resort opening February 2017
  • Professional hotel management by Benchmark Hospitality
  • 10% developer leaseback
  • Market leading amenity package
  • 5-minute drive to Disney. See the Fireworks from your room!
  • All fully furnished 2 & 3 bedroom suites with full kitchen
  • Intercity express train connecting Miami to Orlando, traveling time: 3hrs, Debuts Summer 2017

Full description:

ORLANDO'S NEWEST VACATION HOME RESORT LESS THAN 5 MINUTES FROM WALT DISNEY WORLD®ORLANDO'S NEWEST VACATION HOME RESORT LESS THAN 5 MINUTES FROM WALT DISNEY WORLD®
A retreat for those who seek to escape the ordinary and are looking to experience a reality infused with magic and wonder, The Grove Resort & Spa is a home away from home while on vacation.
872 residences of two and three bedrooms surround Lake Austin's 18 majestic acres and boast a full offering of resort style amenities including a luxurious lobby, bars, lagoon pool, lazy river, surf simulation pool, full-service restaurant, spa and much more! Owners have the opportunity to stay at their residence while on vacation and the option to place it into a rental program, professionally managed by Benchmark Hospitality, one of the nation's leading hotel management companies.

110-acre, 878-unit short term rental community
4-diamond, full-service resort opening February 2017
Professional hotel management by Benchmark Hospitality
10% developer leaseback
Market leading amenity package
5-minute drive to Disney. See the Fireworks from your room!
All fully furnished 2 & 3 bedroom suites with full kitchen
Intercity express train connecting Miami to Orlando, traveling time: 3hrs, Debuts Summer 2017

Phase I: 184 spacious 2 & 3 bedroom condominiums
Fully Furnished Units: includes all furniture, kitchenware, TV's, bedding, linens, window treatments, artwork and more

10% Developer Leaseback Program
Developer will pay 10% of the purchase price for 2 years towards rental cash flow.
Owner pays only property taxes and insurance

Standard Rental Program
55% revenue split to owner
Nightly rates $200-$360

Next Steps to Guarantee Phase 1 - Pre-Opening Pricing:
$5,000 deposit - risk free 15-day rescission period
Balance of 25% total down payment within 30-days
Closing scheduled for November 2016
Financing is available - pre-approved lenders

TERM
• 2 years from closing date
RENT
• 10% of purchase price annually divided over 12 month period
REFURBISHMENT RESERVE
• 4% of monthly rent deposited into reserve account by company separately
from the monthly rent payment
HOA DUES
• Paid by company during term of lease
OWNER USAGE
• Owner can use unit up to 14 nights per year at no cost to the owner with the exception of housekeeping fees
• No owner usage will be allowed during the following blackout dates: March 15th through one week after Easter, June 20th through July 31st, and December 15th through January 7th
PAYMENT TERMS
• Direct deposited into owner's bank account around the 20th of each month for the immediately preceding month
INSURANCE
• Owner is responsible for the cost of dwelling, contents and $500,000 liability insurance coverages

More information from this agent

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Orlando (International), 16.4 miles
  • Melbourne (International), 59.7 miles
  • Tampa (International), 61 miles
  • Daytona Beach (Domestic), 71.8 miles
  • St Petersburg-Clearwater (International), 72.2 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Chestertons Overseas Limited, London

4th Floor, 2 Park Street, Mayfair, London
03339 391055  Local call rate
About Chestertons Overseas Limited, London

Chestertons dedicated International department combines up to the moment sales and marketing consultancy with expert local market knowledge through our expanding international network.

Based in London, the International department manages the sales and marketing of some of the finest property around the World. From small, medium and large multi-phase development projects, luxury resorts and villas, to townhouses, chalets, bastides, country homes and castles.

Our overseas office network stretches across 5 continents with operations in France, Spain, Gibraltar, Italy, Malta, Russia, the Caribbean, Singapore, Australia and the Middle East.

If you are looking for the right property or the best advice, Chestertons has the local, national and international know-how to guide you through an ever more complex international real estate market.

The history of Chestertons can be traced back over 200 years. Charles Chesterton first established the family firm in Kensington, Central London in 1805. Just under forty years later, Charles Francis Humbert established his business in north London.

Over the years the firm has developed and grown.

Today, Chestertons is a respected firm of progressive international property consultants with a UK network of over 60 offices covering the following core areas:

„« Residential Sales
„« Residential Lettings
„« International Sales
„« Commercial Agency
„« Professional Services
„« Land
„« Estate Management
„« Block Management
„« New Homes
„« Surveying
„« Property Management
„« Valuation
„« Rating
„« Corporate Services


Disclaimer

This is a property advertisement provided and maintained by Chestertons Overseas Limited, London (reference 37367_CSI160737) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Chestertons Overseas Limited, London

4th Floor, 2 Park Street, Mayfair, London
or call 03339 391055
Calling from outside the UK? 0044 20 7201 2071

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