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Investment

Suites in Villa K are now on sale. Suites in Villa L are not yet being marketed.

Please see investment options below with relevant return forecast

NB. The purchase prices shown below represent each 26th share.

To own the freehold suite outright, simply multiply the figures below by 26. EG. £136,500 for a large freehold 4/5-star 2 bedroom hotel suite which you can use for a large part of the year leaving our hotel to maintain it for you and earn 8% rental income. Alternatively, at the start of each year, you could opt-out of rental/maintenance and use your suite throughout the year or negotiate a combination of the two.

£5,250 2 bed luxury suite

£7,350 3 bed luxury suite

£17,850 villa


 

How your investment will work:

NB. Owners of entire suites, including share owners of suites in Villa L, can choose to opt-in and opt-out at the start of each year of the rental agreement choosing either to go for income and low season use or no income and full season use..

Once your suite build is complete, assuming you have opted to remain within the rental agreement, it will become part of the resort, marketed and managed by the NGI holiday group.

When opted-in to the rental programme, a targeted dividend will be payable to you of approximately 8% per year. This will be provided from revenue taken in the peak 6 months of the holiday season.

You may holiday at the resort at any time in the other 6 months of the year and there is ample room for you to bring guests*.

Higher season use for those opted-in to the rental programme

Although the contracted period is Nov through April, if at times you cannot visit during the low season, the company has a policy of being flexible wherever possible and the hotel will try to accommodate you during the higher season.

You can either buy a freehold suite outright, or share the ownership of your particular suite with friends or other investors. Prices are pro-rata. You also do not necessarily have to stay in your particular suite whenever you visit as you have use of the whole resort.

High season use. Share owners can opt-out of the rental programme

High-season use. You can now opt-out of the hotel using your hotel suite. Each year, owners will have the right to remain opted-in or to choose to opt-out of the rental & maintenance programme which commits the high season period of the owner's shares to the hotel for them to use in order to finance the owner's rental income and annual maintenance. By choosing to opt-out at the beginning of each year, owners retain the full use of their weeks throughout the year but will have to pay the annual maintenance charge for that year. This opt-in-opt-out facility for share owners applies only to the 3 suites in Villa L which is due for completion in 2011. Outright owners of any suites have the option to opt-in or out.

How to opt-out

If, say by March in any year, you know you will want to use your high season week(s), simply notify the NGI hotel group using the facility will will have set up for you to opt-out of the rental programme for that year. You will automatically be opted-in the following year.

Selling-on/resales

You can choose to sell your suite early, which we will gladly do for you.

At the present rate of sales, we expect most shares to be sold by Summer 2012.

A client just asked "as with all investment and property, the value is no good to us on paper if it cannot be sold."

So, how do we intend to sell the resales?

As with all such products, little profit is made during the initial phase. Most profits are made later as prices become higher and relative marketing costs fall due to increasing numbers of sales coming from referrals.

However, just at the point when demand is at its peak and selling involves no more effort than taking an order, we will have run out of new product. Naturally therefore, our ongoing product will become the resales. We are planning for this moment and intend to move the focus of our business to resales.

Our website will contain details of available resales and we will process the transactions.

Additionally, the suites will be continuously marketed to other investors and tourists staying at the resort so there will be no shortage of interest.

Owners within other developments not in unique exclusive locations such as Oludeniz, or within a hotel, as so few are, have to offer their resales through estate agents. Our clients, on the other hand, will have a committed and dynamic resales business specific to their properties.  We cannot envisage anything more positive.

Once the resort is complete, and should you elect to so do, we envisage the suites can be sold at a significant increase in value from the off plan investment price available now.

Reservations can be made with a £2,000 reservation fee followed by the remaining balance within 30 days. Flexible payments terms may be available on request.

* Depending on occupancy levels at the time.

what happens next

Why does a reservation deposit have to be paid in advance of the contract?

When a purchaser reserves an overseas property, in order to be certain of securing their choice of property and crucially, to lock-out other buyers and fix prices, it is part of normal procedure to place reservation deposits ahead of contract signing as such contracts can only be drafted following a reservation. A contract then passes through the legal process and this takes time. For your peace of mind, a reservation deposit protection facility applies.

Once your reservation deposit is paid, we will ask you for full details of whose name(s) are to be on the contract then draft and send you 2 copies of your contract via post. A copy will also be emailed to your designated UK or Turkish solicitor. Both copies will need to be signed, keeping one copy for your records and returning the other in the pre paid envelope provided along with a legible colour copy of your passport(s). The normal property registration and transfer process then ensues. 

 Contact: Tel 020 8920 5260 sales@propertiesabroad.com

 

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