Fractional Ownership at Birchbrae
Have you have ever dreamt of owning a retreat in the Scottish Highlands but don’t want the hassle and expense of owning something you can only use a few weeks in a year? If so, Fractional Ownership at Birchbrae may be for you.
Why Fractional Ownership? Fractional Ownership within the property sector is booming at present. Simply because so many people would like holiday homes, but don't want the hassle and expense of owning real estate they can only use a few weeks at a time. However, they do want the value, equity and other benefits associated with holiday home ownership. This is where fractional ownership comes in. Like timeshare, you are entitled to stay for an agreed period every year. But unlike timeshare, you own a freehold share in the property which can be sold, willed, transferred or placed in a trust.
How does it work? Buying one ‘fraction’ gives the buyer legal ownership of 1/13 of the equity and entitles the owner to use or let out the lodge for 4 weeks per year (half fractions maybe available). Each lodge will have 13 owners each owning approximately 8%. The remaining 4 weeks is owned by the management company and is used for maintenance purposes.
What are the benefits? More and more people are realising that the best solution for owning a second property is Fractional Ownership – the benefits are endless…
- Nobody makes use of a second property or holiday home all year round. Fractional Ownership offers you the perfect solution - only pay for what you use.
- It offers more affordable ownership as running costs are shared.
- You can invest in more than one property in different locations at the same cost as one single property.
- Conventional property investment would cost 13 times more.
- Minimal capital outlay whilst enjoying maximum benefit.
- You don’t have the sole burden and cost involved in maintaining and managing the property, as this is shared between all owners and taken care of by a management company.
- You can earn rental income for your own sole benefit if weeks not used.
- You can exchange your time slot to suit your individual needs and requirements.
- Limited security concerns as result of maximum usage and higher occupancy.
- You can sell your share in the property at the current property market value at any time.
- You invest in property with capital growth.
- Own your holiday destination as opposed to renting it.
Owning your own holiday home gives you the perfect opportunity to relax, unwind and escape the pressures of modern living. This is the perfect way to enjoy a new lifestyle, with a choice of luxury lodges for sale in one of the most beautiful locations in Scotland. Owners at Birchbrae will enjoy memberships of the Ben Nevis Hotel Leisure Club, Isle of Glencoe Leisure Club and also Fort William Golf Course without charge.
How much does it cost? Full details of pricing will be released at a later date but at the time of writing we expect half fractions to sell for approximately £10,000. We are in discussion with finance providers and hope to offer a full financing package for your purchase.
Can we view the lodges? Yes, please contact us at any time to arrange a viewing. Potential purchasers are encouraged to book a short stay before they commit themselves. This cost will be refunded if you decide to purchase a fraction.
What next? We are now in the preliminary design stage of this exciting new concept. Each lodge will be totally refurbished inside and out, using modern contemporary fixtures and fittings. The lodges will be designed to minimise their carbon footprint and we will explore the potential of sustainable technologies such as heat pumps, energy efficient lighting and the most efficient insulation materials to ensure that you do your bit to save the world but also guaranteeing the lowest possible energy bills for the future.
We are planning to commence Phase 1 fit out of the lodges in autumn 2010 with the first completions in early 2011. Further details will be released as soon as they are available but to ensure that you are kept informed of developments please use the ‘contact us’ form and we will email you with updates.