Fractional Summit, Europe’s largest fractional real estate conference, will be held at The London Marriott Grosvenor Square on Feb 18-19 and you can book some time to discuss the benefits of Firstlight The K Club with the project’s marketing director, Catherine Monaghan.
Investment-savvy buyers are already sending in their questions to Firstlight The K Club so we thought we’d share some of Catherine’s answers with you:
Q. Why is fractional or shared ownership the ideal property investment for me in 2010?
Catherine Monaghan: Shared ownership revolved around the concept of owning title-based ownership of a property. At Firstlight The K Club, residents are offered so much more:
* You can align the capital you’ve invested with the use of the home. In other words, why buy a home for 52 weeks if you only intend use it for four?
* Access and own properties at prices that may not normally be available to you
* Preserve the value of your capital in the property title
* Because of the lower entry price of shared ownership you can hold a real estate product that is more liquid than the equivalent whole property
* Shared ownership at Firstlight The K Club gives you all the benefits of your own luxury home, plus full family membership of The K Club with all the resort has to offer.
* Owners have an undivided title deed allowing resale to a wide audience – and inclusive of all the benefits.
* Exchange weeks at the K Club to travel and stay at over 45 hand-picked premier resorts around the world, including Fancourt in South Africa and Four Seasons Residence Club in Phoenix, Arizona.
Q. Are the properties built?
CM: Shared ownership has never been offered at the K Club until now and the spacious, extremely well-furnished properties at Firstlight The K Club are ready to move into.
The properties range in size from two-bedroom [1,215sqft] apartments to four-bedroom frontline golf [3,800sqft] detached houses. The sizes and variety make them ideal for one or two occupants as well as families.
Q. What can I expect from life at the K Club?
CM: The K Club offers an exciting lifestyle opportunity where owners experience unrivalled levels of luxury and service in Ireland’s leading golf and spa resort.
* Firstlight The K Club offers full family private residence club membership, so a husband, wife and their children (up to 18 years) are residential members of the K Club. This entitles them to full use of the two championship golf courses, the excellent K Spa with its 8 treatment rooms, 15m indoor heated swimming pool, gym, sauna, steam-room and Jacuzzis.
* As a country club, the K Club focuses strongly on outdoor pursuits and owners can enjoy activities such as lake and river fishing (fly and course), clay target-shooting, archery, falconry, and horse riding.
As parents ourselves, we know the importance of children in our lives – if they are happy we’re happy – and with this in mind the resort offers a safe environment for children to play and a real welcome at every turn. An entertaining kids’ club is available all year-round as well as indoor and outdoor play areas, and junior swimming and golf lessons.
Q. Can you offer finance to buy a titled interest at Firstlight The K Club?
CM: Finance would normally be secured by way of equity release against another asset held. Currently there are no non-recourse lending options to buy a titled interest at Firstlight The K Club. However, we are working with a number of lending institutions to develop a finance opportunity and hope to have more news on this topic in the near future!
Q. Why do Firstlight The K Club apartments and homes appeal to businesses?
CM: Corporate ownership is definitely an option as the properties lend themselves extremely well to entertaining, while membership to golf for directors (or their family), plus preferential green fees for your clients are a big benefit of purchase.
* Each spacious bedroom comes with its own en-suite shower room and multiple reception rooms are a theme throughout the properties.
* Companies purchasing a one-eighth interest in shared ownership property at the K Club now have an undivided title deed on the property.
* As such shared ownership gives you an asset which can sit on your balance sheet.
* Annual service charges can be written down against tax. This would apply to UK and Irish firms, however, anyone considering a purchase should seek independent taxation advice.
Interested investor or property agent? Come along to Fractional Summit on Feb 19th at 10.15am to hear Catherine Monaghan, marketing director at Firstlight The K Club.
Book your one-to-one chat with Catherine. Appointments on Thursday or Friday, 18th & 19th February. Email to guarantee your slot: c.monaghan@firstlightkclub.com or send a question to Catherine Monaghan to discuss further.
Firstlight The K Club: +353 1 610 7111
www.firstlightkclub.com
No comments:
Post a Comment