SAN LAMEER - Pam Golding SAN... · 2013. 1. 30. · Pam Golding Properties (Pty)Ltd creates a...

FRACTIONAL OWNERSHIP

SAN LAMEERSAN LAMEER

www.pamgolding.co.za/fractional

OWN YOUR SHARE OF SAN LAMEERSAN LAMEERSAN LAMEER

SLIDE DESCRIPTION


FRACTIONAL OWNERSHIP CONCEPT

Fractional ownership is the smart and affordable way to own your share of a luxury holiday homein one of our sought after destinations. In essence it is the joint ownership of a luxury propertywith managed hospitality and support services, where you only pay for the share you own.

In a nutshell:

• A private company owns the property and you have the opportunity to become a 13th shareholder inthis company.

• Your share entitles you to 4 weeks usage of the lodge per annum, with a week in every season.• Unused weeks may be rented out with such rental income accruing to you.• Running costs are administered by a Charted Accountancy firm and are shared equally between

the shareholders.• The company in which you acquire the share is run by a board according to company law.• All support services are taken care of on your behalf.


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DESTINATION

San Lameer is one of the most established golf resortswithin South Africa and lies on the subtropical South Coastof Kwazulu Natal. The 18-hole championship golf coursewraps around this conservation haven with its 195 birdspecies, abundant wildlife and indigenous flora. With a twelve-month summer, sixteen hectares of sparkling lake, thewarm Indian Ocean and enough stress relieving amenitiesfor sport and recreation fanatics, San Lameer offerstreasured memories for the discerning traveler. The rusticarchitectural style is uniform throughout the estate andblends in superbly with its forest-like surroundings. San

Lameer offers you access to superb family holidays at one of South Africa’s most recognizedresorts and is well known for its natural beauty and relaxed atmosphere.


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WHAT DOES SAN LAMEER HAVE TO OFFER

What San Lameer has to offer

• Lovely white beach, protected by shark nets and with life guards on duty, stretches for over a kilometer and also features a tidal swimming pool.• Offering the challenging 18-hole San Lameer golf course as well as a mashy course for the whole family• Close proximity to some very well known golf courses including the Wild Coast Country Club and casino• Other facilities include open action cricket, squash and tennis courts, a play park for children, rowing boats, canoeing,fishing, a bowling green and nature trails, San Lameer's natural wonderland extends way beyond your wildest dreams.• The prestigious Mondazur Hotel with restaurant and conferencing facilities, gym, and spa and restaurant• An extremely efficient security system is another feature that distinguishes San Lameer from other holiday complexes. The entire property is surrounded by an electric fence. The entrance gate is carefully monitored and no visitors may be admitted without prior arrangement• San Lameer provides exquisite nature trails and spectacular emerald painted beach-land• Peace of mind in overall security• An investment in your lifestyle


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SAN LAMEERSAN LAMEERTHE PRIVATE RESIDENCE

The exclusive Pam Golding Fractional Ownership Villa offers its owners 2 Bedrooms with spacious entertainmentareas.The Villa focuses on styled simplicity that compliments the surrounding beauty of the natural elements. Interiordecorating profiles reflect an upmarket theme. Internal finishes and décor place emphasis on stimulating all thesenses to create a relaxing atmosphere in an environment of luxury, situated a mere 2 minutes walk to the beach.The Villa includes a surround sound entertainment system, flat screen television and air-conditioning.A golf cart is also included.

The Private Residence

• 2 Bedrooms with 2 bathrooms• Lounge, dining and entertainment area• Entertainment patio with braai• Undercover parking

Extras

• Top of the line with professional interior decorating and quality finishes• Access to all resort amenities• Air-conditioning• The Private Residence is newly renovated and is popular for rental purposes, providing our owners with good rental returns on their investment


AN EXCLUSIVE LIFESTYLE DEVELOPMENT


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SAN LAMEERSAN LAMEERMANAGEMENT

Day-to-day management

• After completion of the project, Pam Golding Fractional Ownership will take responsibility for all the troublesome and mundane tasks of owning a secondary home, so you can just come and enjoyyour vacation.

Our services include the following:• Preparation of the lodge before arrival• Inspections and inventory checks after visits• Domestic cleaning services• Pool and garden services if needed• Insurance• Administration and bill payments• Provide shareholders with statements and reconciliations• Levy collections• Drafting of annual returns• Tax• We arrange rentals at your request if you cannot use your weeks• Facilitation of internal exchanges between shareholders


STANDARD LEVY STRUCTURE

The costs of maintenance, upkeep and management are budgeted in the annual forecast for thecompany. The administration of these bills is done by an appointed Chartered Accountancy Firm.

The typical levies include:• Resort levy• Electricity• Water• Insurance• Content insurance• Gardening• Pool service• Housekeeping• Cleaning material• Accounting fee• Management fee

The average monthly fee per shareholder for this product is on the disclosure page.



FUNDING AND FINANCE

PROCESSPam Golding Properties (Pty)Ltd creates a private company, of which it is the first shareholder. Investorsare then invited to subscribe for these shares at the promoted share price. This company acquires theproperty and appoints a contractor to complete the unit, whereafter our interior designersfurnish the unit.

Each shareholder owns 1/13th share in the company and has an equal vote in the decisions of thecompany. The private company may be converted to a share block company once occupation commences,should the shareholders elect to do so.

FUNDING• Investors are required to deposit 15% of the purchase price on signature.• A further 90% is required relative to the stages of completion of the unit, and in instances of a completed unit, when the share is transferred.



EXAMPLE OF USAGE ROSTER



THE ROLE OF PAM GOLDING FRACTIONAL OWNERSHIP

WE ACT AS THE PROMOTER OF THE SYNDICATION• We find the property• Register the shelf company• Marketing and compiling of the shareholder structure of XYZ• AGM’s• Issuing of share certificates• Share transfers• Managing and maintaining the shareholders agreement

FULL TURNKEY PROJECTWe handle the building process• Transfer of the land• Tender process• Negotiations with subcontractors for the best price• Architects, Engineers and Quality control• Coordinating builders• Interior decorating• Update all shareholders as to the progress on the progress



WHY PAM GOLDING FRACTIONAL OWNERSHIP

• Pam Golding Fractional Ownership is a founding member of SAAFI (South African Association ofFractional Intermediaries) protecting our investors fully.

• Pam Golding Fractional Ownership homes are only available in well known, prized and soughtafter destinations.

• Pam Golding Fractional Ownership properties are carefully selected against a set of stringent criteria to ensure maximum future growth and demand.

• All Pam Golding Fractional Ownership holiday homes are fully furnished by interior designers.• Pam Golding Fractional Ownership manages the sub-contractors to supply all the basic services, accounting, tax, maintenance, housekeeping and so on.• Once you invest in a fraction, you receive a formal share certificate as your proof of ownership.• The usage in Pam Golding Fractional Ownership homes is effectively 4 weeks per annum, allocated as a week in every season. Every year this roster advances with one week.• You choose the weeks best suited for your usage.• A set of house rules regulates the usage of the home.• The fractional owners share the running cost of the property.• We believe that the proven syndication model provides the perfect solution for ideal vacations.



Unleash your SpiritUnleash your Spirit

PLATINUMDESTINATIONS

OVERVIEW

Unleash your spirit and discover the world of fractional ownershipexchange with Platinum Destinations.

Pam Golding Fractional Ownership has affiliated its FractionalOwnership Destinations and Villas throughout South Africa withPlatinum Destinations, the worlds most unique Fraction ExchangeOrganisation. Membership to Platinum Destinations allows membersto structure their ownership in a bespoke fashion that suits theirindividual lifestyle needs whilst enjoying the pinnacle of flexibility andfinancial peace of mind.

BENEFITS

Platinum Destinations offers an array of benefits that are constantly being enhanced to ensure that membersare continually delighted.

• FRACTION EXCHANGEWith in excess of 100 local and international member locations, members can choose a range of excitingholiday destinations to enjoy as often as they wish, subject to availability.• RENTAL RETURNSWith exposure to an active database of over 5000 travel agents and 50 million people internationally, PlatinumDestinations is able to rent out unused time that the member banks.


Unleash your SpiritUnleash your Spirit


EXCHANGE

Once you have decided that you are not using yourcredits this year and/or the year after, simply notify usto deposit your week into our exchange programmeand select the Region or Country that your prefer toexchange into.

Our Fair Exchange Policy will ensure that the creditsallocated to your deposited week is in accordance withthe credits table that was issued to you when youbecame a member.

Credits allocated to each property and week vary basedupon the demand for the property, facilities on-site,amenities, size of the accommodation and the timeperiod of the year.

Similarly, the credits that you will use in an exchangeare based on the same principle.

The credits table appears alongside the description ofeach property.

ACCRUAL

DepositDeposit the current year/s and or next year’s allocatedweek/s.

BalanceThe credits allocated to your deposits are to your credit

Withdraw/ExchangeThe credits used for each week are deducted from yourcredit balance

AccumulateAccumulate your credits for up to 5 years

or

BorrowBorrow from next year’s deposits.

EXCHANGE FEESLocal Exchanges (within South Africa)= R390 perexchange International Exchanges= R1200 perexchange

Please note that certain members do not pay exchangefees in the first year of their membership



FAQ

Q: Why are the credits allocated to me this year different from last year?A: You may have been allocated with a higher demand peak, high or low season week last year. Because yourallocation of weeks differ each year, each member has a fair opportunity to use the time period in the year.Remember that the Total Credits issued to each unit of accommodation never changes. So, all that happensis that the credits allocated to you rotate each year.

Q: I have decided on the destination property that I want to exchange into, What now?A: Complete the exchange enquiry form “I am an existing member and would like to make a Reservation? andemail it to us. We will contact you shortly.

Q: I want to exchange into a property but I do not have sufficient credits. What do I do?A: Simply deposit a future week/s in the current year or the next year into our exchange pool in order to provideyou with a higher credits balance.

Q: When can I deposit my week/s with you to my credit?A: We recommend that you deposit your weeks with us as soon as you receive your allocation for the year/s.

Q: I have changed my mind about using one of my allocated weeks. Can I still deposit the week/s into theexchange pool?A: We need at least 3 (three) months notice ie. Deposit your week with us at least 3 months before the startdate of your allocated week. If for some reason you are unable to do so, please contact us and should wehave another member that needs your week, we will gladly accept it as a deposit to your credit.

Q: I am unsure of the destination that I wish to travel to. Can you help?A: Submit an enquiry and one of our trained professionals will assist you.

Q: Can I take a short break away from home, perhaps a few days or a weekend?A: Certain properties permit daily, weekend or mid-week exchanges. Weekends are the highest in demandin certain locations where you will use 75% of the full weeks credits for a weekend break. Also, during certainPeak periods, only full week exchanges are possible. Contact us and we will assist you.

Q: I want to make advance reservations for the on-site facilities or amenities at the property that I am exchanginginto. Can you assist?A: Contact us and we will assist you

Q: Can you assist me with my travel reservations ie. Flights, car hire, show tickets, etc?A: Yes, contact us and we will find the most competitive yet convenient options for you.


DISCLOSURE DOCUMENT

PROJECT NAME

WEEKS PER SHARE

NUMBER OF SHAREHOLDERS

LODGE SIZE

BEDROOMS

BATHROOMS

POOL

ESTIMATED VALUE OF FURNISHINGS

ESTIMATED 1ST OCCUPATION

ESTIMATED LEVY P/SHAREHOLDER

SAN LAMEER

4 (FOUR)

13

90m

2 BEDROOMS

2 BATHROOM

NO

R200 000

JUNE 2008

R650 P/M


2


CONTACT

Werner Geyser083 254 [email protected]

99 Jip de JagerBellville7530


SAN LAMEER - Pam Golding SAN... · 2013. 1. 30. · Pam Golding Properties (Pty)Ltd creates a...

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