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Each villa will be registered in a Limitada Company in Moçambique (i.e – One Coral Da Casa, Two Coral da Casa).
The owner/buyer will own 100% of the shares in the registered company and all the relative documents are signed in the presence of a notary in Maputo.
Prices (South African Rands)
Note: Based on introductory pre-launch pricing. Subject to change.
- 2 Bedroom Villa from R3 600 000.00
- 3 Bedroom Villa from R4 200 000.00
- 4 Bedroom Villa from R4 800 000.00
Fractional ownership originated in the U.S.A. in the 1980's, initially in the private jet market. It was soon extended into luxury yachts, and shortly thereafter into the leisure property market. Fractional ownership has been the fastest growing sector in the property markets in both the U.S.A. and Europe in the last 3 years. It is a shared view of the local industry leaders that Fractional ownership will be the fastest growing sector of the S.A. property market in the next 3 years.
Why the phenomenal growth?
With property prices having achieved massive growth in the last 5 years, owning a second home for holiday usage has become unaffordable for many. Furthermore, many affluent investors who could afford a holiday home, are realising that it is not financially prudent to invest the type of funds required both upfront, and for ongoing expenses, for an asset that is only used for a few weeks a year!
Benefits of Fractional Ownership
- Nobody makes use of a holiday home for more than a few weeks a year. Fractional ownership offers you the perfect solution - only pay for what you use.
- It offers more affordable ownership in exclusive leisure destinations as costs are shared.
- For the price of 1 holiday home, you could invest into a whole portfolio of Fractional properties, giving you more holiday choices, as well as diversifying your property portfolio.
- Leisure destinations, because of demand, increase in value much faster than your average residential properties.
- You don't have the sole burden and heavy ongoing costs involved in maintaining and managing the property, as the costs are shared between all shareholders, and the maintenance and management is taken care of for you.
- Limited security concerns as a result of maximum usage and higher occupancy, and secure estates/developments.
- You can earn rental income by renting out your non utilised weeks.
- You can exchange all or part of your annual usage into hundreds of luxury affiliated resorts worldwide.
- You can sell your share in the property at any stage.
- You have a share in property which is a capital growth investment.
What is Fractional ownership?
Fractional ownership (Managed property syndication) is a method of co-owning a single asset by more than one individual or entity - a group of investors. It is a legal entity through which a number of investors become shareholders (owners) of a luxury leisure asset(ie. holiday home). The costs and usage of the property is shared amongst the shareholders in relation to the percentage shareholding. The shareholders are the owners of the property, and therefore control all aspects of the property through a private company. The company allows shareholders time periods to enjoy personal usage of the property by means of a shareholders agreement eg. the most common structure is 13 shareholders( 8%) offering each shareholder 4 weeks usage per annum.
This investment method offers the most favourable and optimal combination of leisure lifestyle, investment, and property ownership, by offering a share in an appreciating asset at a fraction of the cost - without the burden of management and maintenance.
Is it similar to Time share?
The only similarity is that more than one party is involved in the property, and usage is determined by a usage agreement. However the advantages of Fractional ownership over timeshare are distinct and far more superior.
- Timeshare buys you time; Fractional ownership buys you an appreciating asset.
- Timeshare generally decreases in value, while Fractional shares increase as the property value increases.
- With timeshare especially the points clubs, availability is a serious concern, as demand is higher than supply.
What do i get?
You receive a % share in a leisure property and appreciating asset.
- In an exclusive holiday destination
- That increases in value more than the average residential property
- That gives you a real right in the property and control thereof
- That gives you a usage right as per the usage roster
- That is a fully tradable right with a share certificate
Choose your time.
We understand the leisure market, and recognises the fact that investors have different needs when it comes to taking their well deserved holiday breaks. Our experience in the market has proved that many potential Fractional investors have not bought because the "rotational" system adopted by most promoters does not suit their holiday requirements. Examples are school going families who can only holiday in school holiday time, and business owners who close their businesses over the Christmas and New Year period. With the rotational systems they cannot choose when they holiday - usage is governed by a rotational usage right.
We have consequently created what is called a "flexible fractional" model whereby investors can buy what suits their individual holiday needs!
The calendar comprises 10 peak weeks and the remaining 42 flexi-weeks.
- Easter Week
- April Holiday Week
- 1st July Holiday Week
- 2nd July Holiday Week
- 3rd July Holiday Week
- Spring Break Week
- 1st December Holiday Week
- Week Before Christmas
- Christmas Week
- New Year Week
An investor simply purchases the exact weeks that suit his/her requirements. If a peak week is purchased that week is yours every year. With the flexi-weeks you are not buying a fixed week, you have 42 weeks to choose from each year on a book and go basis!
This evolutionary flexible model will truly accelerate the demand for Fractional ownership of leisure property!
Prices (South African Rands)
Note: Based on introductory pre-launch pricing. Subject to change.
- 2 Bedroom Villa from R138 000.00 (from 2 week usage per annum)
- 4 Bedroom Villa from R180 000.00 (from 2 week usage per annum) - Villa Nr. 10, 21, 22
FINANCE OPTIONS
Under special circumstances and requirements, finance can be arranged either through South African or Mozambican financial institutions, subject to terms and conditions.