Own a fraction in a holiday apartment in the lovely Cornish seaside town of Falmouth. The picture above shows the view over Falmouth harbor from a typical apartment in the town.
The total purchase cost will be approx GBP 250,000.
The actual apartment will be decided by the members of the fractional scheme once enough interest has been expressed to make the fractional purchase viable.
The fractional scheme will run for 5 complete years. At the end of this period the property will be sold and the value will be payed back to the fraction owners based on the size of their share.
Time allocation will be on the following basis.
Share size from GBP5,000 to GBP24,900. For each whole share of GBP5,000 you will receive 1 week each year, the date of that week to be decided by lottery.
Share size GBP25,000 or above (maximum share size GBP75,000). For each whole share of GBP25,000 you will be able to choose weeks at the apartment from blocks as follows: 1 week from high season (typically school holidays), 2 weeks from mid season (Late Spring, Summer outside schoool holidays and early Autumn), and 3 weeks form the rest of the year. The initial order in which you get to choose your weeks will be decided by lottery, thereafter the order will rotate.
To register interest or as a question please email neil@thefractionaltimes.com
Tags: fractional ownership deals, fractional real estate, UK
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