Offers potential for strong return on investment
Provides investors with ownership of signature properties worldwide
Investors gain four weeks rent-free access to exclusive luxury properties annually
Properties identified in some of the worlds most prestigious locations
Rocksure Property Limited (“Rocksure”) has launched an aspirational new investment vehicle, The Rocksure Property Alpha Fund, which provides investors with the opportunity to own a share in six exclusive properties located in some of the most glamorous locations in the world.
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The “A House for All Seasons” (www.ahouseforallseasons.com) portfolio will consist of six exclusive properties, worth an average of £800,000 each. The innovation behind this portfolio is that through a commitment of £159,000, investors gain access to the properties for four weeks every year over the Funds eight year lifecycle as well as benefiting, as owners, from gains accrued through the properties appreciation, which will be returned to investors at then end of the Funds life. The Investors can choose where and when the wish to spend their four rent free weeks.
The six locations that have been identified are: Buzios in Brazil; Phuket in Thailand; Marrakech in Morocco; The Algarve coast in Portugal; Breckenridge, Colorado and New York City. This range of locations ensures that all tastes are catered for and provides investors with a variety of holiday options, from the year-round sunshine of Thailand and Morocco to the world-class skiing and snowboarding terrain of Colorado.
Each of the properties is bought outright by the Fund, and with no gearing to affect costs it is estimated that at least 84% of subscription funds will go directly into purchasing the properties. Running costs of all the properties are covered from two sources, an annual management and maintenance contribution paid to the Fund by each unit holder (£1,500 in 2007/8) and the net proceeds of renting a proportion of the available weeks.
The principal appeal of this portfolio is that, for a relatively small stake, investors will gain ownership of assets that they may not have previously considered possible, whilst also gaining access to the properties for four weeks of the year, providing a holiday home around the world – quite literally, for all seasons.
The properties will all have four or five bedrooms and bathrooms, with spacious living and dining rooms. They will also offer study or playroom areas and generous outdoor areas with terraces and swimming pools. According to location, they may also offer pool tables, hot-tubs or other amenities, such as table tennis tables, hammams or hot-tubs in addition to the state-of-the-art home entertainment systems that are installed as standard. All the properties will be looked after by a full-time cook/housekeeper.
Circa £3 Million has already been raised by the Fund, which is having its first closing in the next few weeks. Rocksure intends to have the fund fully invested within six months of the first close. The fund will have a life of eight years (one year for the acquisition and disposal of the properties) after which the properties will be sold and capital and appreciation will be returned to shareholders. Strutt & Parker Real Estate Financial Services (“SPREFS”) which is FSA authorised and regulated will be promoting the Fund in the UK.
Commenting on the launch of the Fund, David Rogers, of Rocksure, said:
“A House for All Season offers investors a rare opportunity to invest in a portfolio of exclusive luxury properties around the globe through a low cost route, which, because of capital constraints, may otherwise not be available to them.”
For further information:
Rocksure
Tel: +44 (0) 1993 824 527
David Rogers and Desmond Patrick-Smith www.rocksureproperty.com
SPREFS
Tel: +44 (0) 20 73185100
Philip Ingman
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