property for sale
The Westwood Land Project

US market conditions are presenting the opportunity to acquire lots at only £20,000 within one of South Carolina’s premier golf & country clubs.

The development will be built alongside an existing 18 hole golf course and features a wide array of facilities including indoor and outdoor swimming pools, and fitness facilities, clubhouse, tennis courts, a business centre and more.

The current US market conditions are offering many ‘too good to be true’ opportunities to purchase real estate at low prices or at ‘absolute auction’, Investors need to be aware that many of these properties are not built with high quality construction nor are they situated in the most desirable areas. Westwood however offers buyers only the highest quality from the most reputable of developers and in a premium resort.

A new luxury development of high-end southern style residences situated alongside the existing golf course and club. Located in Myrtle Beach, South Carolina, is one of the United States’ most popular tourist destinations attracting up to 15 million visitors per year.

The development features a beautiful clubhouse and restaurant, a sparkling swimming pool, fitness centre, sundecks and a picnic area. Attractive landscaped areas are linked by meandering sidewalks with full street lighting and extensive plantings.

Essentially, seed capital invested into a forthcoming phase of an ongoing luxury development. With current market conditions, banks are unwilling to lend or are doing so at very unfavourable re-payment terms. The developer wishes to create additional working capital to progress the build in anticipation of a forthcoming economic upturn.

Permission will be granted for the division of the town house and ranch home land into plots for detached and linked detached homes which will seamlessly blend with the existing site features.

The land will be divided into a maximum of 60 Lots and will be made available on a ’first come first served’ basis at a pre-license price of £20,000 per Lot. On the granting of planning permission and commencement of construction, which is anticipated to be towards the end of 2010, investors will then have the choice of four options:-

Option 1:
Re-sale guarantee after 2 years, where the developer commits to repay the investor not only the original £20,000 purchase price, but a minimum additional 10% premium (or to repay the purchase price, plus the capital appreciation - whichever sum is the greater),
Option 2:
Investors have the option to proceed with the purchase of a property, paying only for the cost of construction* thereby retaining the ‘developer’s margin’ for themselves in addition to benefitting from the anticipated market uplift on subsequent re-sale,
Option 3:
To choose a different lot, and ‘trade in’ the existing one (per Option 1, if after 2 years) with a price adjustment either way,
Option 4:
After 2 years, the developer reserves the option to himself re-purchase the Lot at the market value current at the time (or offer the original purchase price plus a 10% premium, - whichever sum is the greater).