Real Estate Investor Magazine South Africa September 2016 | Page 51

“I think it’s a safe, long term investment in a stable
environment, with relatively low barriers to entry.
Prices are affordable and transfer costs are only 3% of
the purchase price.”
One of Florida’s most exciting new developments
is Bayside in St Petersburg. Located directly on the
Gulf of Mexico, it is set within 88 acres of landscaped
waterfront parks alongside Tampa Bay and boasts a
yacht club, three resort-style swimming pools, gym
and tennis courts. Bayside is within easy reach of the
shops, bars and restaurants of downtown ‘St Pete’ and
a short drive from the white powder beaches of St
Pete’s and Clearwater.
Benoit Properties is offering one-bed apartments
from $99,900, each one with direct views over the
water, making them ideal for investment or future
personal use.
Yields come in at around 6-7% net, with Benoit’s
property management arm taking care of the day-today affairs.
Another option is Melbourne on the Atlantic coast,
which was ranked in the US top 15 fastest recovering
real estate markets and voted the seventh best place
to live in America. Benoit has apartments in Cypress
Cove, a gated community which has seen a significant
investment, starting from $84,900. Cypress Cove is
located just ten minutes from downtown Melbourne,
close to major employers and with excellent public
schools.
Matt Lavin adds: “Despite the weaker outlook
for developed countries, the US remains the world’s
largest economy with a stable political system. Our
investors are typically looking five to ten years ahead.
They see US property market as a secure place to
park capital for long-term income and growth. The
added value for South African investors presented
by a stronger rand is an added bonus and presents an
unmissable opportunity.”

Benoit Properties
Established in 2005, Benoit Properties provides selected buyto-let properties to clients worldwide through its dedicated
offices in the UK and USA. Benoit simplifies the task of property
acquisition providing everything from property sourcing and
consultation, right through to completion and effective ongoing
rental management of your assets. Since its inception, it has
facilitated over $300 million worth of real estate transactions
and has helped thousands of clients acquire property safely,
smoothly and successfully. For further information see www.
benoitproperties.com.

RESOURCES
Benoit Properties
www.reimag.co.za

SEPTEMBER 2016 SA Real Estate Investor

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