LUXURY 2 BEDROOM APARTMENT , Fractional
Vraagprijs € 39.990,- *
There is also a family bathroom area with, shower and bath, two large bedrooms
and a fantastic relaxation area with kitchenette.
Double doors open out onto a balcony offering stunning views across the golf
There are 6 fractions available in this fantastic 2 bedroom apartment at euro 39,900 per fraction.
Why Fractional ownership ?
FRACTIONAL OWNERSHIP EXPLANATION
This is a summary of how the fractional structure is set up with a fractional consultancy.
We use the same fractional company to administer fractional purchases in France, Greece
Fractional ownership is chosen by 90% of our customers as it allows several unconnected
investors to safely combine their resources with a low initial outlay to collectively own in
a luxury property.
This is attractive for the following main key reasons;
a) Traditional holiday property ownership may not be easily affordable.
b) Any costs of ownership are shared.
c) Fractional ownership offers a safe, legal and fair way to collectively buy a holiday
property, share the title deeds, share income that is generated and the time which the
property can be used.
The fractional model for purchasing is outlined below;
The LBG Company? A UK Limited by Guarantee? (LBG) company is created for each property that is being
It has a fixed number of memberships; this can be either 13 or 26 and we refer to these
The day the company is created all the memberships are owned by the Founder
Member. The founder member then sells all of the memberships of the company.
The founder member is the developer of the resort and retains ownership of all the
memberships until they are sold.
LBG companies? members have equal voting rights rather than shares, regardless of
how many fractions they own. An LBG company cannot be changed unless all of the
The LBG Company purchases the title deed of the property.
Fractions can be sold on at any time and owners will directly benefit from any capital
appreciation of the property.
Each member owns membership of a company which owns the bricks and mortar and
the title deed. Members benefit from any increase in the value of their property if they
wish to sell. Members can also rent out their property. Fractions are classed as an asset
and can be passed onto their heirs.
Members/Owners are ?tenants in common equal shares?.
Each member must provide due diligence documentation so that anti-money laundering
checks can be conducted by the fractional company. All members are requested to
supply the same.
Where there are 13 memberships, every owner receives 4 weeks each per annum to use
or lease back to the management company to generate income.
Usage bookings are taken annually each February. Any weeks that have not been
reserved, will automatically be entered into the rental scheme.
Memberships can be sold on at any time and members will directly benefit from the
capital appreciation of the property.
The above can be described as:
a) Fractional Ownership.
b) Co-ownership of the title deed.
c) Share of the freehold title.
Key differences between fractional ownership and timeshare
Fractional ownership - each member owns a membership of a company which owns the
bricks and mortar and owns the title deed. You benefit from any increase in value of your
property when you sell, you benefit from rental income and from all capital appreciation.
Timeshare gives access to a property, the right to use it for a fixed time each annum.
Although you are not the owner of the property, maintenance costs remain applicable.
Summary of Benefits
Own a luxury fully managed holiday property at a fraction of the price.
Only a fraction of the financial commitment.
Only pay for what you would like to use.
Benefit from any capital appreciation.
By inclusion in a Last Will and Testament, fractional purchases are an asset that can
legally be transferred.
A great way of creating a mixed portfolio, purchasing in different styles of properties in
Use, rent and sell ? flexibility to make the very most of your property.
Tax efficient way to buy, own and sell property.
ask the E- prospectus !
Vraagprijs € 39.990,- *
08-09-2019 10:46:38, 99 views* Prijzen onder voorbehoud van typfouten/inleesfouten.