Monday 24 July 2017

BET ON NEVADA : Lose your heart, not your shirt in Las Vegas

Sullivan Square is less than 10 minutes from the main strip and international airport
Sullivan Square is less than 10 minutes from the main strip and international airport
With huge visitor traffic, Las Vegas has one of the strongest rental markets in the United States

LAS Vegas may be famed for its high stakes gambling, but there's nothing risky about its property market.

In Rhinestone Central, capital growth is always on the cards, and with 7,600 people relocating here each month, it's no wonder the city has one of the strongest rental markets in the States.

Located in Clark County Nevada, since 1931 the economy of Las Vegas has flourished on the hotel and casino business.

Its population has doubled since 1990 and with almost 40m visitors annually the demand for quality accommodation has never been greater with current rental figures running at around $2.50 per sq ft per month.

With this in mind, the good burghers of Savills Hamilton Osborne King have procured a royal property flush at Sullivan Square, Las Vegas.

Located just off Highway 215, Sullivan Square is less than 10 minutes from the main strip and international airport. Completion is estimated for 2009 allowing for potential capital appreciation over the construction period.

With an exchange rate running at €1 - $1.35, now is the time for forward-thinking investors to cherry-pick this market.

Sullivan Square is a 16.5-acre mixed-use development with 1,300 high spec residential units in a mix of architectural styles.

A management/rental company will be on hand to manage rents and general property maintenance.

A €3,000 reservation deposit is all it takes to stake your claim with 10pc on contract and 90pc on completion. No worries, your shirt is safe here.

More information from the International Department of Savills HOK on 01 618 1300 or visit www.savills.ie or lasvegas@savills.ie

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