Garden Level Townhouse For Sale

Business description

The economic opportunities have never been better for savvy investors to own a townhouse in the English City that Gen. Oglethorpe founded in 1733 on the banks of the Savannah River in coastal Georgia. Since that time, southeastern USA’s coastal Savannah has been known as Georgia’s First City or The Hostess City to her many fans and returning guests year after year.

Our upscale garden level town house is part of an extraordinary historic district antebellum home that was built in 1858 and renovated several years ago as a nine unit condominium complex. This elegant home sits on what many consider the most “Beautiful Street in America” right beside the Tisch Mansion, one of numerous vacation homes scattered throughout the world of the Billionaire Investor Tisch Family.

This is an excellent opportunity to let some of the 7 million+ annual tourists do most of the financial lifting for your holiday home in Savannah’s 2.5 square mile landmark historic district. Savannah’s historic district is a popular destination city that has attracted history loving resort seeking domestic and international tourists for many years to coastal Savannah sitting astride the South Carolina/Georgia State Line. Located just 15 minutes away by vehicle from Savannah/Hilton Head International Airport, Savannah provides easy access to foreign investors looking over their American Holdings in this "Top 10" North American City Destination according to Travel and Leisure Magazine.

http://www.travelandleisure.com/worldsbest/2008/results.cfm?cat=citiesusca

My wife and I own this property at 208 East Jones Street and have been renting it out as a self catering accommodation to the tune of $35,000 per year annually in our robust tourism based niche market. We own several other properties in the Landmark Historic District and market our investment properties along with 125 other townhouses, suites, and condominiums at our Savannah Getaways website.

http://www.savannahgetaways.net

We have been successfully providing elegant accommodations for the past decade at affordable nightly rates in our dominant niche market position. To get a better idea of this 1031 real estate exchange property that is now scheduled to be sold so that the proceeds can be reinvested in other real estate, come inside and take the talking tour of our upscale garden level suite:

http://www.savannahgetaways.net/detail.cfm?ID=186

Check out the condo docs to get a sense of the largest garden level property in the 208 East Jones Street Complex and what absentee property ownership would entail with our other ex-pats living elsewhere and owning property in one of America’s most robust economies – ranked 14th nationally.

http://208eastjones.com/

While it is prudent to be concerned about the world economy, (we certainly are) there are still contrarian investment values to be had in the travel industry married to self catered accommodations - the growth market in the world travel business as we speak. Vacation Rental/Self Catering Holiday Home properties accounted for $98 Billion world wide in the International Travel Industry, the only segment of that industry that is growing at a near 20% rate per year. These type investment holdings are being purchased by hotel chains rather than building new hotels as rapidly as entire condo hotel complexes are being snapped up in a targeted resort destinations. Savannah has experienced in anything a mild drop in tourism – our local travel economy is alive and well and there is not a feeding frenzy/price war of plummeting nightly lodging rates like is being experienced in some other overbuilt markets. Can’t overbuild 2.5 square miles with this type holiday rental inventory!

In the American Vacation Rental/Self Catering Accommodation Market place, the power of buying location, location, location is essential in a finite space in a great American Destination beneath the market value – Coastal Savannah Georgia has you covered in spades! Let’s partner up in America, buy my townhouse and I will make it cash flow for you on a case by case basis after kicking up other undervalued self catering rabbits in this niche market and running them your way! There has never been a better time to run a test market in Sultry Savannah, the Pearl of Coastal Georgia.

So contact me at home in upcountry America and see if we can put together a mutually beneficial package for each other in lowcountry coastal Georgia.

Property information

Real Estate:

Real Property Included

Location:

This Garden Level town house is located in a prime location in Savannah's Landmark Historic District with easy waling access to all the points of interest that people travel to coastal Savannah, Georgia as you can see on the historic district map.

Other information

Expansion potential:

Expansion in this specific market are excellent via purchasing other historic district properties. Call or e-mail for in depth analysis. We have led the way in creating this business plan in this lucrative niche market over the past ten years and will consult on how beet to implement at no additional charge post real estate/business transaction.

Competition / Market:

Competition for providing lodging for the 7 million international and domstic travelers that come to Savannah annually is brisk among hotels, historic inns, bed and breakfast accommodations, and some other vacation rental properties on the one hand. On the other hand there is plenty of business to go around, the rates hold in both the low season and the high season. Overbuilding accommodation options within the landmark historic district is not a reality due to the finite nature of this 2.5 square mile 40' high historic bluff over looking River Street and the Savannah River. Other vacation rental property owners are fundamentally comprised of amateur absentee vacation rentals which is another reason this townhouse could be marketed exclusvely or in a supplemental fashion in addition to or rather than using our reservation service. E-mail for more in depth analysis about competition, strategies, etc.

Support & training:

None. When you purchase the townhouse, you get the full reservation/property management turn key service from us for an additional 30% commission on every transaction. Or you can market this property exclusively yourself post consultation with our marketing package.

Reasons for selling:

We sell one of our personal properties every two years or so consistent with our retirement plan and reinvest the proceeds in a United States tax protected 1031 real estate exchange plan. Market conditions are such we are offering this financial opportunity abroad as European currencies are in effect purchasing our historic district properties at a deep discount versus domestic purchasers, our previous target for this type real estate investment.

Trading hours:

9:00 AM - 9:00 PM week days, 2:00 PM - 9:00 PM - Saturday, Sunday

Financing available:

Purachaser arranges own financing or we can put you in touch with Savannah based lending institutions.

Furniture / Fixtures value:

$10,000 (included in the asking price)

Website:

www.savannahgetaways.net/detail.cfm?ID=186