UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes

Page created by Theodore Johnson
 
CONTINUE READING
UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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
UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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
UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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
UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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
UK HOLIDAY PROPERTY OWNERSHIP - ARIA RESORTS - THE BENEFITS - Aria Resorts Homes
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
You can also read