FRACTIONAL OWNERSHIP
OWN YOUR SHARE OF
SLIDE DESCRIPTION FRACTIONAL OWNERSHIP CONCEPT Fractional ownership is the smart and affordable way to own your share of a luxury holiday home in one of our sought after destinations. In essence it is the joint ownership of a luxury property with 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 in this 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.
SLIDE DESCRIPTION DESTINATION San Lameer is one of the most established golf resorts within South Africa and lies on the subtropical South Coast of Kwazulu Natal. The 18-hole championship golf course wraps around this conservation haven with its 195 bird species, abundant wildlife and indigenous flora. With a twelvemonth summer, sixteen hectares of sparkling lake, the warm Indian Ocean and enough stress relieving amenities for sport and recreation fanatics, San Lameer offers treasured memories for the discerning traveler. The rustic architectural style is uniform throughout the estate and blends in superbly with its forest-like surroundings. San Lameer offers you access to superb family holidays at one of South Africa s most recognized resorts and is well known for its natural beauty and relaxed atmosphere.
SLIDE DESCRIPTION WHAT DOES 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
SLIDE DESCRIPTION THE PRIVATE RESIDENCE The exclusive Pam Golding Fractional Ownership Villa offers its owners 2 Bedrooms with spacious entertainment areas.the Villa focuses on styled simplicity that compliments the surrounding beauty of the natural elements. Interior decorating profiles reflect an upmarket theme. Internal finishes and décor place emphasis on stimulating all the senses 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
AN EXCLUSIVE LIFESTYLE DEVELOPMENT
AN EXCLUSIVE LIFESTYLE DEVELOPMENT
AN EXCLUSIVE LIFESTYLE DEVELOPMENT
AN EXCLUSIVE LIFESTYLE DEVELOPMENT
SLIDE DESCRIPTION MANAGEMENT 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 enjoy your 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 the company. 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 PROCESS Pam Golding Properties (Pty)Ltd creates a private company, of which it is the first shareholder. Investors are then invited to subscribe for these shares at the promoted share price. This company acquires the property and appoints a contractor to complete the unit, whereafter our interior designers furnish the unit. Each shareholder owns 1/13th share in the company and has an equal vote in the decisions of the company. 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 PROJECT We 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 of Fractional Intermediaries) protecting our investors fully. Pam Golding Fractional Ownership homes are only available in well known, prized and sought after 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.
OVERVIEW Unleash your spirit and discover the world of fractional ownership exchange with Platinum Destinations. Pam Golding Fractional Ownership has affiliated its Fractional Ownership Destinations and Villas throughout South Africa with Platinum Destinations, the worlds most unique Fraction Exchange Organisation. Membership to Platinum Destinations allows members to structure their ownership in a bespoke fashion that suits their individual lifestyle needs whilst enjoying the pinnacle of flexibility and financial peace of mind. PLATINUM DESTINATIONS BENEFITS Platinum Destinations offers an array of benefits that are constantly being enhanced to ensure that members are continually delighted. FRACTION EXCHANGE With in excess of 100 local and international member locations, members can choose a range of exciting holiday destinations to enjoy as often as they wish, subject to availability. RENTAL RETURNS With exposure to an active database of over 5000 travel agents and 50 million people internationally, Platinum Destinations is able to rent out unused time that the member banks. Unleash your Spirit
EXCHANGE Once you have decided that you are not using your credits this year and/or the year after, simply notify us to deposit your week into our exchange programme and select the Region or Country that your prefer to exchange into. Our Fair Exchange Policy will ensure that the credits allocated to your deposited week is in accordance with the credits table that was issued to you when you became a member. Credits allocated to each property and week vary based upon the demand for the property, facilities on-site, amenities, size of the accommodation and the time period of the year. Similarly, the credits that you will use in an exchange are based on the same principle. The credits table appears alongside the description of each property. ACCRUAL Deposit Deposit the current year/s and or next year s allocated week/s. Balance The credits allocated to your deposits are to your credit Withdraw/Exchange The credits used for each week are deducted from your credit balance Accumulate Accumulate your credits for up to 5 years or Borrow Borrow from next year s deposits. EXCHANGE FEES Local Exchanges (within South Africa)= R390 per exchange International Exchanges= R1200 per exchange Please note that certain members do not pay exchange fees in the first year of their membership PLATINUM DESTINATIONS Unleash your Spirit
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 your allocation 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 happens is that the credits allocated to you rotate each year. PLATINUM DESTINATIONS 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? and email 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 provide you 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 the exchange pool? A: We need at least 3 (three) months notice ie. Deposit your week with us at least 3 months before the start date of your allocated week. If for some reason you are unable to do so, please contact us and should we have 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 demand in certain locations where you will use 75% of the full weeks credits for a weekend break. Also, during certain Peak 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 exchanging into. 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 4 (FOUR) 13 90m 2 2 BEDROOMS 2 BATHROOM NO R200 000 JUNE 2008 R650 P/M
CONTACT Werner Geyser 083 254 6774 werner.geyser@pamgolding.co.za 99 Jip de Jager Bellville 7530