Own a share in a holiday cottage in the lovely Cornish seaside town of St Ives.
The historic fishing port of St Ives is renowned for its cobbled streets, jumble of cottages together with its pretty working harbour. Over the years the town has become a prestigious holiday destination due to its charm and character not to mention its wide choice of sandy beaches which have recently become award winning blue flag beaches. The area has long been a mecca for artists and sculptors and potters with former residents being the late Barbara Hepworth, Bernard Leach and John Miller all of whom gained inspiration from the regions magical and sometimes mysterious ambience. For this reason too the area is regarded as the jewel in the crown and regarded as one of the countries foremost holiday destinations.
SITUATION: St Ives offers a mystical light and ambience that has become well known within the art industry with many famous artists taking full effect of this. The historic fishing port has become one of the UK’s foremost holidaying destinations due to its mild climate and award winning beaches. The town itself has now a cosmopolitan feel about it due to the diversity of highly regarded restaurants and galleries. With its mix and maze of winding cobbled streets St Ives now offers a vibrant local community. Truly a jewel in the Cornish crown this delightful Cornish town offers direct links into the home counties via the railway services and Newquay airport.
The total purchase cost will be approx ?250,000.
The actual property will be decided by those who have expressed an interest once enough interest has been expressed to make the fractional ownership scheme viable.
The fractional ownership 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 pro-rata based on the size of their fraction.
Time allocation will vary depending on the share-size that interested partners decide on. Treat the following as a guide:
Share size from ?5,000 to ?20,000. For each whole share of ?5,000 you will receive 1 week each year, the date of that week to be decided by lottery. For the remainder of your share the above rules will aplly.
Share size ?25,000 or above (maximum share size ?75,000). For each whole share of ?25,000 you will be able to choose weeks at the property 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, fractional property, fractional real estate, fractional UK
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