|
|
PROPERTY INFORMATION
BEAUTIFUL LAND FOR SALE, GREENVILLE SOUTH CAROLINA
Leaseback Income Opportunity
|
|
Property Information:
This property is located 20-25 minutes from downtown Greenville, SC and just 5-10 minutes from shopping. This is a beautiful tract of land that has amazing views of the Reedy River, rolling hills, small streams and ponds, many wildlife animals- especially deer. This property is perfect for absolutely anything; however, it has previously been used as a hunting club. Whether you're looking for a personal estate, developing/building homes or even a golf course, this land is a must see. 1.7 miles of river frontage.
We are offering the property for sale at $16k per acre or roughly $7,040,000. Additionally, we have a company that is willing to lease the property for either 12% of the purchase price for 3 years or 10% of purchase for 5 years. The company willing to lease the property will not interfere with any development plans for the property and will not hold up any sale of the property. We are investing money with this company and they are only leasing the property to add value to the deal and create a cash flow for the buyer. The income from the property allows for much creativity. For example, the buyer could sell the property immediately for $2k per acre less than what they paid for it, this would mean being out of pocket for $880,000. Using the 10% lease, it would take 15 months to make back the $880,000 or 12.5 months using the 12%. The remainder of the lease would still be paid to our buyer. With just 2 years left in either scenario, this would mean a much greater return on the cash.
|
|
