N o t t i n g H i l lO r l a n d o

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Overview...................................................................................................page 3

Area/Location ...........................................................................................page 5

Resort/Community Information .................................................................page 8

Property/Financial Information..................................................................page 9

Gallery ......................................................................................................page 14

Next Steps ................................................................................................page 16

T A B L E O F C O N T E N T S

I highly recommend Torcana as it made the purchasing process

for us in a different country a very positive one. Everything was

fully explained and they walked us through the process in a step

by step manner.

D E R E K F R O M C A N A D A

“ “

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With the inventory of available condos in Orlando now critically low, finding high quality units at a competitive price is both more difficult and more important than ever. The reason is simple - these properties tend to have stable tenants and a large pool of local buyers.

We are therefore thrilled to be in a position to promote a selection of spacious 1 bedroom condos in the stunning “Notting Hill” community located in Lake Mary Boulevard, North Orlando. Lake Mary is well known for its excellent schools and universities, prominent businesses, restaurants, shopping, golf courses, pristine waterways and state-of-the-art sports facilities.

The biannual rankings of CNN/Money Magazine in 2008 ranked Lake Mary as the 4th best town in America and number 1 in Florida to live. The crime rate is one of the lowest in Florida and the area boasts one of the highest average household incomes in Orlando at $84,000 per annum.

We have been in negotiations with the developer for some time. Prices have been negotiated down and start at an incredible $77,000 – a 70% discount on peak sales prices.

The stellar location of Notting Hill combined with spacious, competitively priced and immaculately maintained facilities combine to make it one of the most impressive communities we have sourced to date.

We have no hesitation in recommending this project to our clients – all of our detailed due diligence stacks up and we are confident this project will provide the medium to long term success our investors demand.

E X E C U T I V E S U M M A R Y

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Built in 2000 and remodeled in 2006, Notting Hill is a private gated paradise with spectacular lake views and 452 spacious homes. The community is surrounded by bike trails, oak trees, open conversation areas and Lake Mary Boulevard. Numerous shops and restaurants are within a short walking distance.

When we first visited this community we were immediately struck by its stunning “curb appeal”. It quite clearly stands out as a superior location in wish to buy and rent and is surrounded on all sides by million dollar homes. The lush, sweeping driveway from Lake Mary Boulevard up to the 1,100 sq ft community clubhouse has a southern charm usually reserved for the very wealthy.

Residents enjoy the use of a beautiful colonial style clubhouse equipped with a billiard room and bar. Amenities include two swimming pools, jacuzzi and cabana area, modern fitness center with aerobic and yoga rooms, tennis courts and children´s play area.

Our upgraded units feature stainless steel appliances, new cherry cabinetry in the kitchens and bathrooms, granite countertops, designer lightning, crown molding and ceiling fans as standard.

Overall, this is an extremely well maintained community which has a strong and well funded Home Ownership Association (HOA).

Torcana has secured exclusivity on just 21 units, which vary in price from $77,000 - $85,000 with net yields between 6-8%.

D E V E L O P M E N T S U M M A R Y

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Many of the wealthy and professional residents of Orlando live in the affluent and historical areas located north of the city. Lake Mary/Heathrow in particular is highly regarded for its excellent schools and universities, prominent businesses and abundant restaurants and eateries.

Additionally, high end shopping, superb golf courses, pristine waterways, state parks, wildlife and state-of-the-art sports facilities are all well served locally.

The historic downtown area is home to brick lined pedestrian streets, sidewalk cafes, elegant store-fronts and large nineteenth-century Victorian homes. The beautiful “riverwalk” along Lake Monroe is surrounded by untouched natural landscapes with its towering oaks and flanked by charming historical villages. It has everything you love about Orlando without the tourist traffic and headaches.

Despite many challenges related to the economy and a distressed real estate market, Lake Mary/Heathrow has never lost its focus of promoting a sense of community where people can live, work and play in a safe and friendly environment. North Orlando is still one of the fastest growing areas in Central Florida.

Everything we look for during our due diligence phase is in abundance in Notting Hill. Rather than simply being close to good employers and schools, it is located adjacent to some of the best schools in the state (Heathrow Elementary, Markham Woods, Lake Mary High school) and some of the largest companies in the world (IBM, Lockheed Martin, General Electric).

To secure units in the $77,000 - $85,000 range in an area like this represents a very rare opportunity.

A R E A I N F O R M A T I O N

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Located just 15 minutes from Orlando and a mere 300 meters from the exit to the I4, the area hosts an abundance of employment, excellent schools and easy access to the rest of Central Florida.

It is directly opposite International Parkway and Heathrow International Business Center – home to hundreds of companies including AAA Headquarters, Symantec, Mitsubishi, Siemens, AT&T and multiple USAF facilities.

All of the hotels, restaurants, luxury housing and shopping facilities you would expect to serve this high end professional clientele are right on your doorstep.

For a young, educated, white collar workers and their families (our target rental market) this location is the place to live and work in North Orlando. The local real estate market in Lake Mary has always enjoyed high demand from primary home buyers – vital for any buyer seeking a safe exit strategy in years to come.

This perfect mix of low crime, access to global business, world class shopping, and provision of superior educational opportunities has played a big part in making Lake Mary the fourth best place to live in the USA and the best place to live in Florida (a CNN Money Magazine Survey 2008).

These are exactly the reasons why we are sure it will also be of great interest to our knowledgeable and savvy investors.

L O C A T I O N

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R E S O R T A M E N I T I E S

• Large community clubhouse

• Billiard room, bar & study

• Two swimming pools

• Jacuzzi and cabana area

• Modern fitness center

• Aerobic and yogo rooms

• Lighted tennis courts

• Children s play area

• BBQ and picnic area

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There are 452 units in total in this community with just 21 for sale at an incredible starting price of $77,000 per unit

Please click here for a high resolution site plan and a full availability list which is updated daily

S I T E P L A N & AVA I L A B I L I T Y

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P R O P E R T Y I N F O R M A T I O NUpgraded Units• Stainless steel appliances

• New cherry cabinetry in kitchens and bathrooms

• Granite counter tops

• Ceramic tile bathrooms

• Designer lighting

• Crown molding

• Ceiling fans

• Digital cable

• Walk in closets

• Self cleaning oven

• Spacious pantry

• Vaulted ceilings

• Wood burning fireplaces

Standard Units• White kitchen appliances

• Formica kitchen countertops

• White cabinetry

• Tiled bathroom floors and backsplashes

• Ceiling fans

• Digital cable

• Walk in closets

• Self cleaning oven

• Spacious pantry

• Vaulted ceilings

• Wood burning fireplaces

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F L O O R P L A N S

Unit # 06-113

Purchase Price $77,000

Bedrooms / Bathrooms 1 bed / 1 bathSize 846 sq ftGross monthly income $844

Gross rental yield 13.2%

Monthly Running CostsManagement $84.40Real Estate Taxes $188.81HOA Fees $43.83Condo Insurance $34.00

Monthly net income $492.96

Net annual income 7.7%

The Ashford 1 Bed / 1 Bath

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F L O O R P L A N S

Unit # 10-213

Purchase Price $85,000

Bedrooms / Bathrooms 1 bed / 1 bathSize 829 sq ftGross monthly income $800

Gross rental yield 11.3%

Monthly Running CostsManagement $80.00Real Estate Taxes $185.02HOA Fees $43.25Condo Insurance $34.00

Monthly net income $457.73

Net annual income 6.5%

The Bedford 1 Bed / 1 Bath

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F L O O R P L A N S

Unit # 01-317

Purchase Price $85,000

Bedrooms / Bathrooms 1 bed / 1 bathSize 952 sq ftGross monthly income $835

Gross rental yield 11.8%

Monthly Running CostsManagement $83.50Real Estate Taxes $212.47HOA Fees $48.92Condo Insurance $34.00

Monthly net income $456.11

Net annual income 6.4%

The Victoria 1 Bed / 1 Bath

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L O N G T E R M S T R A T E G YKey considerations when purchasing a propertyMany investment decisions right now are being made solely on the basis of net rental yield, and the 6-8% net yields available in a project of this quality are certainly high enough to get most buyers attention.

The fact remains that the bulk of profits in real estate are made from a combination of buying at the right time, capital appreciation and managing your tenants well.

Falling unemployment, increased economic activity, a falling inventory, a stable rental market and purchase prices at record lows all indicate that this is a great time to purchase.

Capital appreciation is always most assured in safe and low density locations where the top tier of affluent professionals work, send their children to school and earn a high income per household.

Failing to appoint a competent management company is one of the most expensive mistakes we have seen investors make in Florida over the past 5 years. Far too many promoters recommend second rate firms who undercut more professional and efficient competitors. While a 7% fee on gross rents might sound a lot better than 10%, the additional vacancies and other tenancy issues that may arise will be very time consuming and could cost you a small fortune.

A Buy and Hold StrategyNotting Hill 1 Bed Unit

Purchase Price $77,000Closing Costs (legal/title fees) $1,800

Annual net rental Income*

Year 1 $5,880Years 2-5 $25,337Years 6-10 $36,190Years 11-15 $41,950

Total Net Income Earned $109,357Property Value** $231,000

Potential Pension Pot*** $340,357

* assume 3% increase per year on average after HOA, taxes, insurance & mgt** let´s (very) modestly assume that house prices are back to 2006 levels by 2026*** these numbers don´t take into account the substantial equity release that will be possible

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R E S O R T P I C T U R E S

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P R O P E R T Y P I C T U R E S

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Torcana’s experienced staff will guide you through the purchase process, liaising with the developer and title company, reviewing legal documentation and explaining the process every step of the way. We ensure a smooth and fast purchase is achieved.

For investors new to the US market, Torcana offers a wide range of optional after sales services to ensure a secure, hands-on and hassle free purchase process. Optional services offered include:

• Property inspections

• Opening a local US bank account

• Arranging insurance for your property

• Currency transfer service

• Obtaining non-resident social security number(s)

• US notary services, required for the IRS and saving a trip to the US Embassy

• Annual tax returns

For non experienced US investors this can offer peace of mind and save huge amounts of time, energy and money. Please refer to our service pack or speak to your Torcana account manager for further details.

S U M M A R Y O F S E R V I C E S

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• Check availability list with your account manager and select appropriate unit(s)

• Once selected a $2,500 deposit should be wired to the title company and confirmation of transfer supplied

• Clients seeking our optional extra services package (see page 15) need to sign a short Torcana consultancy agreement and pay the required fee

• Closing documents will be produced within 30 days

• Client must close and pay full purchase price (less deposit) within 30 days

• Closing costs will depend on the unit but will range from $1,200 - $2,800

P U R C H A S E P R O C E D U R E

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After purchasing a family home, the purchase of an investment property is the second most important financial decision in most people’s lives. When done correctly, it can be a highly satisfying and profitable experience. Below are short answers to some of the questions we most often receive.

How are net yields calculated?This is your net income expressed as a percentage of the purchase price after all overheads are deducted. The same overheads apply to practically every property in Florida. You must pay HOA fees, real estate taxes, property management fees and home insurance.

What are HOA fees?The Home Ownership Association is responsible for looking after the community as a whole – i.e. common areas and facilities such as the swimming pool, security personnel, pest control and rubbish collection. They are also responsible for the structures of the buildings within the community and insuring all common areas. Every property owner in each community pays HOA fees.

What are property taxes?Property taxes are calculated by the County Tax Appraiser and are based on local services, amenities and average property values within the vicinity. In October each year an estimate of the current years’ property taxes is published and you can view this estimate on the County Tax Appraisers website.

What exactly does a property management company do to earn its fees?Your management company is responsible for arranging lease agreements, liaising with your tenant, ensuring they pay on time, organising any repairs necessary, communicating with you on a regular basis, paying you the balance of your rent, providing income statements and placing new tenants whenever necessary.

When and how do I receive rental payments?Funds will be deposited directly into your bank account around the 10th of each month.

Is finance available? For investors, these are cash only deals. This is one of the few communities in Jacksonvile where finance is available for owner occupiers and US citizens purchasing as a second home. That means it´ll be one of the first to present an equity release opportunity to investors in the near future.

Can I use the property for lifestyle/holiday use in the future?Yes, many clients plan on doing this. However, if you are considering a few weeks use per year, you should consider renting your investment property 12 months every year and using the profits to rent somewhere else during your short visits.

More detailed explanations on these and other issues can be found by clicking here.

F R E Q U E N T L Y A S K E D Q U E S T I O N S

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If you wish to learn more about Notting Hill or indeed discuss any of our other US investments please call one of our highly experienced members of staff. Torcana will guide you through the investment options and the market as a whole to ensure you are well informed to make the best investment decisions.

Torcana Ltd

USA: +1 321 806 1195

Ireland: +353 1 4433 991

UK: +44 207 193 4024

Skype: torcanaltd

investments@torcana.com

www.torcana.com

C O N T A C T

This document 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 current and are based on the existing lease information provided by third parties. Torcana does not oblige any buyer to use existing property management services and recognizes their right to rent his or her property independently. Furthermore, 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.