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Charlotte, North Carolina
Beautiful condo community in Lake Wylie, an affluent suburb of Charlotte, North Carolina.
Charlotte has a diverse economy, high quality of life and fast growing population.
Close to international airport and range of shopping, dining and recreational activities.
Range of 1 and 2 bed condos providing 8%+ net yields.
Very spacious properties with new roofs, new carpets and private balconies.
Below market rate prices of $51,900 - $58,900 exclusive to Torcana clients.
Amenities include pool, clubhouse, tennis, playground and fitness center.
Fully tenanted with well established on-site management in place.
Executive Summary
priced from $51,900- $58,900
With a metropolitan population of 1.8 million, Charlotte offers all of the advantages and amenities of a major city. It is one of the fastest growing urban areas in the USA, with the city and metropolitan populations both increasing by a staggering 80% since 1990.
Charlotte-Douglas International Airport is one of the largest in the world with almost 20 million passengers annually providing nonstop daily services to 170 different cities, including international services to Dublin, London, Paris, Toronto and Mexico.
Charlotte boasts a highly diversified economy with 273 Fortune 500 companies and 9 Fortune 500 headquarters (including the Bank of America HQ). The international business community is extensive with almost 1000 foreign-owned companies in the metro area.
Charlotte has an acclaimed higher education sector with 37 colleges and universities in the region serving over 218,000 students.
With temperatures very rarely below freezing, residents enjoy year-round use of the city’s 16,500 acres of parks, 35 miles of greenways and 36 public and private golf courses.
Charlotte is famous both for its cultural (theater, opera & museums) and its outdoor (kayaking, fishing, hiking, horse riding & golf) activities. It is a highly desirable place to work, play and raise a family.
Facts & figures on Charlottes population & economy: Download
Detailed overview of Charlottes history, culture and business strengths: Download
Charlotte Quick Facts
Charlotte boasts
273 Fortune
500Companies
Hamilton’s Bay is a beautiful condominium community located in Lake Wylie, SC, an affluent peninsula situated along the dividing line between North & South Carolina.
Torcana have secured an exclusive range of spacious 1 and 2 bedroom condos with prices ranging from $51,900 to $58,900 and net rental returns of 8%+. Tenants on long term leases are in place in every unit and a well established management company is on site.
Hamilton´s Bay CommunityBuilt between 1987-1990, this is a low density community with a total of 216 units spread across three storey buildings. New roofs were recently installed on all buildings and the community amenities include a swimming pool, basketball & tennis courts, fitness center & playground and picnic area.
The property interiors are fully fitted and spacious with many containing new carpets. Standard features on all properties include air conditioning, private balconies, kitchen appliances and walk in closets
The Hamilton´s Bay community is just 17 miles (20 minutes) from downtown Charlotte, an exceptional and fast growing city with a high quality of life, low cost of living and extremely diversified economy. The international airport and a range of shopping, dining and recreational activities are all just a short drive away.
Recreation is an integral part of the Lake Wylie lifestyle and the location is very popular with growing families and active retirees. With great schools and 325 miles of shoreline, the area surrounding Hamilton´s Bay is ideal for boating, fishing, water skiing and sailing.
Lake Wylie South Carolina U.S.A.
Median household income $78,819 $44,924 $50,935Median home price $269,800 $116,500 $152,300Cost of living (% of national avg) 121% 95% 100%
Property Features
Air Conditioning
Cable TV
New carpets
Ceiling Fan
Disability Access
Dishwasher
Extra Storage
Fireplace
Private Patios/Balconies
Roofs recently replaced
Walk In Closets
Washer Dryer Hookup
Amenities
Swimming Pool with Grills / Children’s Pool
Basketball Court
Tennis Court
Fitness Center
Playground
Picnic Area
Complimentary Parking
On-Site Management
24 Hr. Emergency Maintenance
Amenities & Property Features
Popular with families and
active retirees
A variety of 1 and 2 bedroom condos are available for purchase, all priced below market value and with net returns in the 8%+ range. Below you will find a concise summary of each unit type, with additional links to the full availability list and floor plans.
Financial Breakdown1 bed / 1 bath 753-788 sq ft
2 bed / 2 bath 985-1105 sq ft
Purchase Price $51,900 $58,900
Annual Gross Income $7,740 $8,520
Annual Net Income $4,274 $4,837
Net Rental Return 8.2% 8.2%
5 Year Capital Growth (2 bed 2 bath) 3% per year 4% per year 5% per year
Purchase Price 2013 $58,900 $58,900 $58,900
Sales Price 2018 $68,281 $71,661 $75,173
Accumulated Rental Income $26,015 $26,015 $26,015
Projected Total Value $94,296 $97,676 $101,188
Recent Hamilton Bay Listings $69,900 $89,000
Additional Information: Please click here to view current availability, high resolution site plan and individual floor plans.
Please click here to view recent comparables.
Net returns over
8%
Please click here to view the location with Google Maps.
LocationNestled on the northwest shore of 12,455-acre Lake Wylie, the Hamilton´s Bay community is ideally situated just 17 miles (20 minutes) from downtown Charlotte, one of America´s fastest growing commercial and financial centers and less than 20 minutes from Charlotte Douglas International Airport.
Lake Wylie is a very affluent suburb; popular with both growing families and active retirees. A
Lake Wylie
North Carolina
South Carolina
Once a unit has been selected, a purchase agreement will be sent to
you via email which should be signed and faxed back to our affiliate brokerage office.
A $2,500 deposit needs to be wired to the relevant Attorney / Title
Company and confirmation of transfer supplied
Once the deposit and contracts are received the property is then
officially under reservation. You will have a 15 day inspection period to complete a professional home inspection and/or a personal site visit which we will be glad to facilitate. You can rescind your contract at any stage during this period and receive a full refund of your deposit.
Purchase ProcessAfter the inspection period has passed and you are satisfied with
everything, the official closing will be within 15 to 20 days and the full purchase price must be paid to the Attorney / Title Company before the agreed Closing Date.
Closing costs will depend on the unit but generally range from
$1000 - $1300.
Additional ancillary services including property inspections,
property insurance, property management, currency transfer and tax returns are all available from Torcana´s recommended partners.
1 4
5
6
2
3
STAGE 1Select unit
and pay $2500 deposit
STAGE 2A 15 day
due diligence period begins
STAGE 3Balance of
purchase price & closing costs
paid within 30 days
What does a title company / attorney do?Their role is to ensure that the title is transferred to the new buyer completely free of all liens and encumbrances (debts) and that conditions signed up to within the purchase agreement are adhered to.
What does a home ownership association do?The Home Owners Associations (HOA) is responsible for maintaining the common areas and amenities within a condo community. They are also responsible for the structures of the buildings within the community, insuring all common areas and rubbish collection.
Is there a management company already in place?Yes, the same on-site company has been managing all tenants in this community for many years. Their fees are very reasonable and they provide 24 hour emergency maintenance services.
Your management company is responsible for liaising with your tenant, ensuring they pay on time, organizing any repairs necessary, communicating with you on a regular basis, paying you the balance of your rent, providing income statements and placing new tenants.
When is my rental income paid?Funds are generally deposited in your nominated bank account before the 10th of every month.
Can I sell my unit at any time? Yes, there are no restrictions on reselling once you have taken ownership.
Frequently Asked Questions
TestimonialsI have always been impressed with Torcana as they are truly professional and knowledgeable about the products they are offering.
Randy from California
I am very happy with my condo purchase and feel I am in expert and trustworthy hands.
Clare from England
I would highly recommend Torcana - they made purchasing in a foreign country a very positive experience for us.
Derek from Canada
If you are excited by this opportunity and have enjoyed reading our brochure, please click here to immediately register your interest. We will call you back as soon as possible.
View Availability List
Torcana Ltd
USA: +1 321 806 1195
Ireland: +353 1 4433 991
UK: +44 207 193 4024
Skype: torcanaltd
www.torcana.com
This page contains general information relating to the purchase of property and its contents should not be construed as legal or other professional advice. This is not an investment offering. While all reasonable care has been taken in the compilation and publication of this information, Torcana Ltd make no representations or warranties, whether expressed or implied, as to its accuracy or completeness and the content is provided for information purposes only. All rents listed are based on information provided by third parties. Information is deemed reliable but not guaranteed. All pricing and availability and terms are subject to change without notice. Torcana Ltd shall not be liable, directly or indirectly, to the user or any other third party for any damage resulting from the use of the information contained or implied in this document. Buyers should always seek appropriate legal, tax & financial advice from suitably qualified professionals before taking, or refraining from taking, any action.
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