UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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UK HOLIDAY PROPERTY OWNERSHIP ARIA RESORTS - THE BENEFITS • Uk holiday property asset purchase • Property sold with independent RICS valuation • Properties all built to ICW or NHBC standards • 999 year lease • Fully mortgagable • Choices of 3 or 5 year investment term • Handsfree investment - Aria Resorts do all of the work • Guaranteed annual return of 7% per annum HEADON WARREN Isle of Wight
ARIA RESORTS WELCOME TO ARIA This brochure has been created to provide an overview of the Aria Resorts asset purchase and the associated investment opportunity. Redefining the British holiday experience Aria Resorts is a fast-growing holiday resort brand with 14 holiday destinations in the UK ranging from holiday resorts in Cornwall, the Isle of Wight, Dorset, Yorkshire and Scotland; plus, an award-winning luxury hotel in Devon. Aria Resorts is currently the fastest growing UK holiday company. It has already achieved a status of the fifth largest operator in its sector. Privately owned and private equity backed, the company has launched an ambitious programme of acquisition in the UK holiday sector. As at May 2019 the company has 14 resorts across the UK, which are benefiting from a major multi-million-pound investment programme, designed to create new vibrant hospitality and leisure facilities, with a stunning range of accommodation options. Alongside this strong holiday lettings offering, is the continued growth into the holiday home ownership sector, with a wide mix of property options available from lifestyle choices through to lifestyle investment options to innovative investment portfolio products. Aria Resorts is seeking to innovate and disrupt this industry with a clear focus on the guest experience, and the delivery of new and innovative products and services at its resorts. Fast, committed and boundary free, Aria is a game-changer for British holidays and mini-breaks. • The fastest growing UK holiday company • Owned by a leading, privately-held, alternative investment firm: Angelo Gordon, who have been investing in businesses worldwide since 1988 and have a current investment portfolio worth $30 billion. • Operated in partnership with BMOR a privately-owned development, investment management and real estate advisory company, based in Marylebone, London and T&B Capital a specialist independent private equity company based in Mayfair, London. • 14 highly sought after locations • Aspiration to add additional resorts to the Aria portfolio in the next two years. • Investing in an ongoing programme of resort developments and improvements. $ 27b under management. 13b UK investments £1.3b + GDV residential development since 2007 Private equity, finance, strategy, operations
ARIA RESORTS BEAUTIFUL LOCATIONS The perfect escape An impressive range of luxury holiday home properties in some of the most beautiful regions of the UK CORNWALL NEWQUAY BAY RESORT WIDEMOUTH FIELDS Luxury static holidays homes and lodges Perfect for exploring the North Cornwall set in a peaceful valley set just 2 miles and Devon coasts with a friendly and from the vibrant town of Newquay, enjoy personal atmosphere and stunning the best of both worlds. countryside views. OWNED PROPERTIES ONLY BUDE HOLIDAY RESORT RETALLACK RESORT & SPA A new development perched on the A Cornish gem with beautiful South West Coast Path in a peaceful accommodation and fantastic on resort location. A short stroll along cliffs brings facilities - be it a relaxing spa or you to the award-winning town centre. adrenaline pumping watersports. NEWPERRAN New luxury static holiday homes and lodges with sweeping countryside and coastal views. Close to famous Poldark locations and long sandy beaches. GLENDEVON COUNTRY PARK DORSET DEVON SWANAGE BAY VIEW GARA ROCK MOFFAT MANOR Located on the South Coast with An easy-going clifftop hotel with panoramic views across the Jurassic apartments and cottages featuring coastline, a great base for exploring breathtaking coastal views. Facilities OWNED PROPERTIES ONLY include pools and spa. ISLE OF WIGHT THE BAY FILEY ST HELENS COASTAL RESORT THE BAY COLWELL A brand new development with luxury A secluded collection of holiday cottages lodges and caravans, set at the eastern- located a stone’s throw from the beach. most point on the sunny Isle of Wight. THE LAKES ROOKLEY PRIORY BAY Waterside cottages, lake houses or A grand stately home nestled in a WIDEMOUTH FIELDS caravans in the heart of the Isle of Wight. 60-acre estate with beach access. RETALLACK RESORT & SPA BUDE HOLIDAY RESORT Rookley offers everything you need for a NEWQUAY BAY RESORT family holiday. SWANAGE BAY VIEW NEWPERRAN YORKSHIRE GARA ROCK THE BAY FILEY The Bay Filey holiday village is situated on the stunning Yorkshire coastline, above the British Beach of the Year. PRIORY BAY SCOTLAND ISLE OF WIGHT THE BAY COLWELL ST HELENS COASTAL RESORT MOFFAT MANOR GLENDEVON COUNTRY PARK Luxury static holiday homes and lodges A development of stunning THE LAKES ROOKLEY in blissful woodland scenery. Explore the lodges from Prestige Homeseeker with private loch, a real haven for wildlife. its heather covered mountains and views across the glen. OWNED PROPERTIES ONLY
ARIA RESORTS WHY ARIA? • Hands free fully managed investment • Properties available for resale on the open market • Properties sold with 999 year lease and independent RICS valuation • Fully mortgageable • Presence in most sought-after holiday destinations UK TOURISM & STAYCATION ECONOMY • Tourism market size £137b forecast growth 87.5% to £257b by 2025 (Deloitte ONS) • International tourist spend grew buy 7.9% in 2016 (World Travel & Tourism Council) • Last year domestic trips grew 5.6%, offshore trips grew by 2.5% (World Travel & Tourism Council) • 40% of UK adults expect to make multiple domestic trips in 2019 (Voucher Codes) • (36%) of Brits will opt for staycations over foreign travel in 2019 as a result of the uncertainty caused by Brexit (Voucher Codes) • Over half the population (56%) fear holidays will be more expensive as a result of Brexit (Sykes) • (47%) of Brits believe Brexit will make trips abroad more difficult (Sykes) SECURE INVESTMENT OPPORTUNITY Aria Resorts investment product is underpinned by the purchase of property assets from one of our growing portfolio of resorts in the United Kingdom. All of our properties have been created and exist purely to function as Holiday Property Lets (HPL) for consumers who wish to holiday in them. There are a variety of sizes and standards of properties available for purchase across the Aria Resorts locations. All of our propertoes are built to full NHBC (National House Building Council) standard and carry all of the relevant certifications. The prices of the properties are determined by a RICS valuation and they range from £125,000 to £600,000. Full details of our holiday property range can be provided on request. • Net annual return of 7% • Guaranteed marketing agreement 3 or 5 years. • Followed by a variable annualreturn expected to be 7% per annum • Ground rent, maintenance, cleaning and advertising all covered • Furnished holiday let special tax rules • Exit through sale of asset privately or through Aria Resorts
ARIA RESORTS FURNISHED HOLIDAY LETS Benefit from favourable tax regulations A furnished holiday let or FHL is a furnished property that is let for short periods. To qualify they have to meet certain criteria, all of which are met through the Aria Resorts managed letting service and investment product. If you let properties that qualify as Furnished Holiday Lets, subject to certain criteria, you can claim in areas such as: • Capital Gains Tax Relief for Traders • Business Asset Rollover Relief • Entrepreneurs’ Relief • Relief for gifts of business assets and relief for loans to traders You are also entitled to plant and machinery capital allowances for items such as furniture, equipment and fixtures as the profits count as earnings for pension purposes. A correctly supported claim for capital allowances can mean that a FHL will pay no tax on its rental profits for potentially 4- 8 years. We advise you to approach a specialist tax advisor to ensure you can make the most of your investment purchase. “Holiday lets in the UK are becoming increasingly popular, with many areas offering good yields for landlords considering a move away from residential buy-to-let” WHICH.CO.UK - June2018 THE PROBLEM WITH RESIDENTIAL BUY TO LET The residential buy-to-let market has experienced a major downturn in recent years, largely due to tax implications for landlords, prompting investors to seek alternative options. Landlords are now taxed on their revenue, rather than on the profit after mortgage costs and the introduction of an extra 3 per cent stamp duty charge for property that is not the owner’s main home is another deterrent. A further change introduced in 2016 prevents landlords from being able to reduce the income tax they pay on rental earnings by 10 per cent for ‘wear and tear’ to their property. Now, only the cost of replacing furniture or building work can be deducted. Add to this the slow-down in the growth of house prices amid the uncertainty over Brexit and the reasons for the decline of the residential buy-to let market becomes clear. “Buy-to-let landlords have been hit with a range of tax measures, which taken together could seriously dent their profits.” YOURMONEY.COM - Feb 2017
ARIA RESORTS THE UK HOLIDAY INDUSTRY IS GROWING! Ride the wave of tourism success The UK holiday property market has performed very strongly in recent years and the growth looks set to continue. Research by Mintel found that the good summer weather over the past few years has seen an increase of 4.7% in domestic holidays. This has equated to a 6.2% increase in tourism expenditure. The value of Sterling has dropped by up to 20% since the Brexit vote. Brits get less value by going abroad and are seeing the obvious monetary advantages of holidaying in the UK. Shorter breaks with less travel time are now more popular. Accommodation operators Holiday Cottages reported a 74% increase in short break stays. According to Visit Britain, inbound tourism grewby 1.7% in 2019 with spending increasing by 9.1% to £25.0bn. Forecasts for 2020 predict visitor growth of 2.9% and spend by 6.6% +5.5% increase in the total number of holiday lets available. It’s estimated that there are now approximately 165,000 HPL in the UK
GUARANTEED MARKETING AGREEMENT Our guaranteed marketing agreement means that the property will be fully managed by Aria Resorts. Under the terms and conditions of the agreement, we will take care of... • The annual ground rent payment • The appropriate insurance for a holiday buy-to-let property • Full lettings inventory • Maintenance and cleaning • Advertising to win holiday making guests TERMS OF PAYMENT The net annual return that is payable to the Investor, for either the 3 or the 5 year term option, is 7%. This figure is paid quarterly. At the end of the chosen term, the Investor has the option of switching to a variable annual return. This return is expected to be a minimum of 7% per annum. IF YOU ARE INTERESTED... Arrange an exploratory meeting to further discuss the Aria Resorts investment proposition, please contact us using the details below: chris.clare@ariaresorts.co.uk l Chris Clare : 0207 491 2423 ARIARESORTSHOMES.CO.UK
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