HighGround Property Investment Presents
‘Arriving here is like falling off the end of the world onto a pillow of unadulterated style.’
• 750 miles of unspoilt coastline
• Rich in heritage and Culture
• 3 National Parks
• 80% of UK visitors to Wales went for a holiday
• M7 Real Estate buying £millions of real estate in South Wales due to price increases
over last 6 months
WALES
• Known as the ‘Garden of Wales’
• Many quaint fishing villages, including Tenby
• Historic castles to explore
• Miles of coastline with sand dunes
• Dylan Thomas’ boathouse (can be seen from The Corran)
CARMARTHENSHIRE & LAUGHARNE
• Boutique Hotel
• 28 suites, fine dining, spa, pool and gym
• Voted in Top 100 Hotels in the World twice by Sunday Times
• Current owners dedicated to growing hotel offering,
making it the destination in the region.
• Phase 1 scheduled for completion early 2014, with
phases 2 and 3 starting 2014.
THE CORRAN RESORT & SPA
• Entirely refurbished in 2013
• Addition of 5 new luxury suites
• New car park and access road
• Helicopter pads for VIP access
• Planning for additional function space, “The Pavillion”
• Planning for spa extension
• Planning for “Orangery and Bar Extension”
THE CORRAN RESORT & SPA PHASE 1
• 500 capacity
• Permanent Structure
• Self contained with bar, kitchen, cloaks, offices
• Ideal for large weddings
• Perfect for corporate events
• Only venue in area of this capacity
PHASE 1 The Pavillion
• Larger gymnasium
• Sauna and steam room
• Additional Treatment Rooms
• Fitness / Communal Area
• Juice Bar / Lounge area
PHASE 1 Spa Extension
• Brasserie style eatery with
pizza clay ovens
• Additional bar and restaurant
capacity
• Modular space
PHASE 1 Orangery
• Renovation of East House
• 28 Rooms
• Family and Group orientated
• Equine Facility
• Outdoor activities such as quad biking and horse riding
• Corporate team event location
THE CORRAN RESORT & SPA PHASE 2
PHASE 2
• Renovation of Malt House
• 28 Rooms
• State of the art recording studio
• Media and live broadcasting venue
• Live venue incorporated into building design
• Wendy House Productions agreement in place
THE CORRAN RESORT & SPA PHASE 3
• Jerry Meehan, owner of Wendy House is heavily involved with many of today’s leading
music acts, including Robbie Williams
• Wendy House has recorded with some of the World’s most famous acts, including
Adele, Stevie Wonder, Jessie J, Kylie Minogue, One Direction, Bryan Ferry & many more
• Rationale for building studio in Laugharne – residential studio, secluded from media
intrusion, inspiring surroundings
• High End, leading edge equipment list
WENDY HOUSE PRODUCTIONS
• Music, Literary and Cultural Festival marking DT100 celebrations
• To be hosted July 2014 at The Corran
• In partnership with Live Nation and Wendy House
• 30,000 attendees over 3 days
• Fully supported by WAG and CCBC
• Putting Laugharne and The Corran on the international map.
THE CORRAN FESTIVAL
JUSTIN MARSHALL
Head of Promotions
SIR CHRIS EVANS
Consulting Partner
SHANE WILLIAMS
Brand Ambassador
• Occupancy targets for current year
• ‘Secret Escapes’ online promotions resulted in 1,600 room bookings
• Over 85 weddings booked in the last year alone
• Future wedding promotions scheduled with hitched.com
• New spa manager recruited from Park Plaza, tasked with turning spa into self
contained business.
• UK Arts Directory Film Festival and Singer Songwriter Competition hosts for 2014
THE CORRAN OPERATION
OCCUPANCY
• Hotel unencumbered
• Buyer contracts directly with freeholder, Kayboo Ltd
• Fixed returns are underwritten by freeholder, Kayboo Ltd
• Ownership based on a 999 year lease
• Room Rate £225 per night year round (increasing by 5% per annum)
• Phase 2 needs only 45% occupancy to pay returns
• Hotel averages 60% occupancy
THE CORRAN OPERATION
• 13th Fractions of suites at £33,000 per fraction
• 26th Fractions of suites at £17,000 per fraction
• 9% Fixed Returns for 5 years (from day 1 of purchase)
• 10% Fixed Returns for next 10 years
• 100% Assured Exit Option anytime between years 3 – 14
• 150% Assured Exit Option in year 15
• No additional purchase costs
• On-going fee only £180 per annum for 13th Fraction and £90 per annum for 26th Fraction
• £125 per night discounted usage
THE OPPORTUNITY
CASH FLOW CHART
• A group of unconnected buyers can collectively own a property
• Full ownership of the fraction (deeded)
• You can buy any multiple of the fractions
• Less outlay / allows investors to diversify
• Same % returns as a full AND use of all the same facilities
• Can be passed down to heirs
• As each owner is unconnected, owners can all buy and sell independently of eachother
(or take the buyback)
FRACTIONAL OWNERSHIP
• The company is set up and administrated by the Fractional Ownership Consultancy (FOC)
• A UK Limited by guarantee company is created that owns the property
• Company is non-trading – Max liability of £1
• The Company has 13 or 26 members
• Annual accounts costs - £180 per annum 13th, £90 per annum 26th
• Each buyer will have to complete a basic due diligence check
HOW FRACTIONAL OWNERSHIP WORKS
• Cash
• SIPP / SSAS
• Equity Release
WAYS TO FUND A PURCHASE
• UK’s largest Equity Release Company
• Age between 55 – 90
• Borrow between 20 – 55% of the property value
• Repayments never need to be paid back
• Great way to fund investment for passive income / top-up pension and settle
existing debts at the same time
• No obligation consultation for your clients
EQUITY RELEASE
• £500 / £1000 reservation fee
• No reservation required for SIPP/SSAS
• Balance of funds transferred within 14 days of receipt of contract along with Due
Diligence Questionaire
• Rental income is paid in quarterly arrears
• Fixed Payments Dates: JANUARY, APRIL, JULY, OCTOBER
PURCHASE PROCEDURE
• Existing Hotel – Fully sold and paying investor returns
• 15 Month track record of paying in excess of £1,000,000 of returns
• Phase 2 is a renovation and not ‘off plan’
• Contractual fixed returns throughout 15 year term
• Optional, contractual exits after 3rd year
• Viewing trips from £99 per room
SUMMARY
• ‘ One of the World’s 100 Best Hotels’ – The Sunday Times
• ‘Sophistication and understated chic’ – Daily Telegraph
• ‘The most glorious rural setting’ – Telegraph Luxury
• ‘One of the best hotels in Britain’ – GQ Magazine
• ‘Arriving here is like falling off the end of the world onto
a pillow of unadulterated style’ – The Observer
• ‘The ultimate in chic luxury’ – Travel Glamour
WHAT THE NEWSPAPERS SAY
‘Your place is utterly, utterly lovely’
Rufus Hound
THANK Y U
Visit us at http://www.highgroundproperty.co.uk Blog : http://news.highgroundproperty.co.ukEmail: [email protected] us: +44 (0) 800 612 6602 / +44 (0) 7942 818 606
