Harlequin investor slides[1]
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Transcript of Harlequin investor slides[1]
Caribbean
Investment Property
WHY HARLEQUIN?
• Up to 50% below market value• 10% rental guarantee for two years• Then net yield IRO 20% - 30%• Furniture / Refurbishment included• Exchanging contract included • 30 days free usage*• 100% Finance available subject to status
*Not including SIPP purchases
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World Class Facilities• Beach club• Restaurants• Commercial centre• Private planes• Golf (Las Canas, Buccament, Marquis)• Marina (Las Canas, Buccament, Marquis)• Sports academy• Spa island sanctuary• West End Productions
Spa• Exclusive island sanctuary spa and restaurant• Private Pools & sunken outdoor baths• Beautifully landscaped gardens• Oriental style luxury outdoor rain shower• Indoor & outdoor treatment rooms offering:• Massages, beauty treatments and holistic therapies, yoga, Pilates, Reiki and meditation
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Sport Academies• Celebrity matches• Professional clinics• Sports covered
TennisCricketGolfFootballBaseballBasketball
Track Record
Buccament Bay
The Merricks
Launched 2004
Prices up 400% in first 3 years
Launched 2006
Prices up 100%Computer Generated Images
55 hotels
Occupancy up to 96%
Hotel Brand
Globalia Corporation•Oasis•Air Europa•3 Travel Agencies
•Incl. Travelplan
• Harlequin Hotels & Resorts are a credible developer – Established since 2001
• UK based family owned company• All funds spent on development • Contracts – English Law• No debts on any land worldwide• £2 Billion in Assets
Security
Why the Caribbean?
Luxury Market
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DemandUK Property Buying Searches Worldwide Rental Searches
Bulgaria 491,000 39,000
Hungary 19,000 35,000
Montenegro 20,268 4,680
CARIBBEAN 18,000 78,000,000
5 Partner Approach
• Investor Partners• Agent Network• Harlequin Hotels & Resorts• Blue Chip Investment Partners
– Oasis, Gary Player, Pat Cash...• Local Government & Community
Buccament BaySt. Vincent & The
Grenadines
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St Vincent & The Grenadines Rental ComparablesYears 3+ 50/50 Net Room Rate Share
Resort
Raffles – Canouan Island
Palm Island Resort
Young Island Resort
Cotton House – Mustique
Price per Night
£250-300
£350-£455
£220-380
£340-£1,950
• Buccament Bay BeachResort & Spa
• 1 Bed Apartment• £350/night as per comparable• £350 x 365 x 70% = £89,425• 50/50 room rate share = £44,712.50• Original Purchase Price = £230,000
Net Rental Yield = 19.4% p.a.
Based on conservative 70% occupancy rate for 4* resortsBUTSurrounding islands of Barbados and Dominican Republic have 85% & 87% occupancy rates respectively AND this is a 5* Resort
The MerricksBeach Resort
BarbadosComputer Generated Image
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Barbados Rental Comparables
Resort
The Crane 4*
Sandy Lane 5*
The Fairmont 4*
Barbados Hilton 4*
Turtle Beach 4*
Price per Night
£400
£750
£400
£530
£473
70% Occupancy Rate
• Merricks Beach Resort and Spa• 1 Bed Apartment• £400/night as per comparable• £400 x 365 x 70% = £102,200• 50/50 room rate share = £51,100• Original Purchase Price = £265,000
Net Rental Yield = 19.3% p.a.
(based on conservative 70% occupancy)
Years 3+ 50/50 Net Room Rate Share
The Crane The Merricks
Studio N/A £225,000
1 Bed apartment £408,000 £272,500
2 Bed apartment £685,000 £285,000
Furniture US$37,000 FOR 1 bedUS$47,000 FOR 2 bed
Annual land tax US$700 for 1 bed N/AUS$1200 for 2 bed
Annual Insurance US$1700
Monthly cost US$387 for 1 bed T.B.A.maintenance fee US$624 for 2 bed
Electricity charges N/A
Any other charges N/A
Cost Comparables with The Crane Beach Resort
Cleaning charged weekly during your
stay
Charged on length of your stay
Included in purchase
Included in maintenanceTheMerricks
The Crane The Merricks
Studio N/A £225,000
1 Bed apartment £408,000 £272,500
2 Bed apartment £685,000 £285,000
Furniture US$37,000 FOR 1 bedUS$47,000 FOR 2 bed
Annual land tax US$700 for 1 bed N/AUS$1200 for 2 bed
Annual Insurance US$1700
arables with The Crane Beach Resort
Included in purchase
Included in maintenance
St Lucia
• Most established market• Highest rentals in the Caribbean• Up to 70% below anticipated value at
completion• Prelaunch price – up to 25% increase 1st
August
UK enquiries Worldwide Rentals
St Lucia 4,236 3,240,000
St Lucia’s first master resort
• Super yacht Marina• Gary Player golf course• Pat Cash tennis academy• World class equestrian center
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Landings Marquis Estate
1 bed £330,000 1 bed £145,0002 beds £365,000 – £450,000 2 bed £170,0003 beds £522,000 – £845,000 2 bed VILLA £330,000
Bay Walk2 bed £308,000 - £450,0003 bed £441,000 - £496,000
Raffles1 bed £550,0002 bed £807,000
Apartment Comparables
Cap Estate Marquis Estate
3 bed £847,000 3 bed £405,0004 beds £1,047,000 4 bed £430,000
Margiot Bay5 bed £1,450,0004 bed £1,250,000 4 bed £430,000
Villas on the Green (Golf)2 bed £262,000 2 bed £330,0003 bed £650,000 3 bed £405,000
Villa Comparables
Studio apartment Based on £300pn x 85% occupancy = £ 46,537
Profit after mortgage £39,062*Two bedroom apartment
Based on £450pn x 85% occupancy = £69,806Profit after mortgage £58,756*
Three bedroom villaBased on £800pn x 85% occupancy = £ 124,100
Profit after mortgage £97,775*
Projected Gross Income
* Based upon assumed 100% mortgage at interest rate of 6.5%pa
Studio apartment on £115,000 unit therefore need £7,475 pa hotel needs to take £40 pn*
Two bedroom apartmenton £170,000 unit therefore need £11,050 pa hotel needs to take £60 pn*
Three bedroom villaon £405,000 unit therefore need £26,325 pa hotel needs to take £144 pn*
Break even point
•Based upon 100% occupancy excluding monthly mangement fee and assumed 100% mortgage at interest rate of 6.5%pa
•
Investment Options
• Studio £135,000• One bedroom apartment £145,000• Two bedroom apartment £170,000
Up to 25% PRICE INCREASE 1st AUGUST
Coffee Break
Business Model
Why Harlequin?
• Investment Model Outline
Let’s Run Some Scenarios
Microsoft Office Excel 97-2003 Worksheet
100% Finance*Ian Cook – Foster Denovo
*Subject to status
Questions
&
Answers
Step 1 – Complete Reservation Form - Invest £1000 reservation deposit
Step 2 – Complete finance forms to assist obtaining finance
Step 3 – Complete finance, sign contracts and exchange on your property
Step 4 – Watch your investment grow, wait for the 2 year rental guarantee on completion and enjoy the 50/50 net room rate share income stream from Year 3
How to Invest
Food For Thought
“If you don't act now while it's fresh in your mind, it will probably join the list of things you were always going to do but never quite got around to. Chances are you'll also miss some opportunities.”-Paul Clitheroe
Paul Clitheroe Biography : Financial Commentator
Famous for : publishing several personal finance and investing books, writing money advice columns for popular newspapers and magazines in Australia, and for hosting the "Money" television program.
Clitheroe details : Born - Australia / Lives - Australia