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The Development Details
Cornwall, England
Prices Start From £ 39,000
We are pleased to offer our first fractional ownership opportunity in the UK - superbly renovated barns which comprise of two separate detached barn conversions situated in the heart of Cornwall. One twelfth fractions in the substantial 5 bedroom main residence are currently available at £99,000 and offer 40% non status finance with no age restrictions or credit checks. The interest rate for borrowing is 6%. The sister property, with its three bedrooms, spacious gardens and stunning views is currently available at the very low price of just £39,000 per fraction and offers an 8% rental guarantee for 2 years (in return for foregoing 2 weeks of your personal usage) and no management, maintenance or service costs to pay for 5 years. The Investment
The Lifestyle
Holiday Home Escape from the hectic daily routine to your tranquil and luxurious home-away-from-home, nestled amongst the spectacular countryside, dramatic coastlines and sandy beaches of the Cornish landscape. Spend your days seeing the sites, enjoying the beaches and visiting the many attractions before you relax in front of your roaring fire in the evening, enjoying a bottle of wine in your lavishly appointed lounge. Rentals If you choose not to stay in your property for any (or all) of your annual time allocation, rental clients will be secured on your behalf generating you direct income. Tregrenna Barn main residence is anticipated to achieve rental rates of £2,500 per week and Tregrenna View is anticipated to achieve £950 per week during peak season. With over five million tourists visiting Cornwall annually, demand for rental accommodation is strong and luxurious, spacious, self-catering properties such as the Tregrenna Barns command premium prices. Environmental awareness and carbon friendly initiatives in the UK are projected to increase dramatically over the next decade. As a result of this, Cornwall is likely to experience a tourism boom in the upcoming years. Fractional Ownership
Fractional ownership is an amazing opportunity where several unconnected buyers can safely combine their resources to collectively own a property. This innovative ownership formula provides complete investment, legal and tax benefits of property ownership which are passed through to you, or your heirs, and may be sold at anytime. The fractional opportunity also offers the reassurance of less initial outlay for a property that you are likely to only use for a maximum of one month a year. Also, as you are only buying a part-share of the property, you can afford to purchase a more lavish and opulent property than you could fund outright. For investors looking to spread their funds into as many different properties and markets as possible, as well as for those seeking a luxury home-away-from-home, this is the perfect option. Fractional Ownership vs Timeshare It is important to remember that fractional ownership is not timeshare. With timeshare you are purchasing the right to stay in ‘your’ property for given time periods over a number of years (effectively a re-saleable, prepaid booking). With fractional ownership, however, you actually own a share in your property. What this means is that when you are ready to sell your fraction, you own the title deeds to a physical asset, bricks and mortar, that you can sell on with the realistic opportunity of making a profit. The Rotation System Your time in your property is allocated by a carefully constructed chart, by which each investor’s residency will rotate by 2 weeks annually. The system ensures that every year, each investor will enjoy two weeks residency of their property during high season and a further two weeks during low season. Download the brochure by clicking the link below for futher details including information on property management, rentals & the purchasing procedure. Please Click here for further information. ** This development is now sold **
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