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22.01.2008
UAE investors can take share in golf's most exclusive property Owners head for Dubai to offer fractional ownership of majestic home at historic Old Course, St Andrews
Spectacular investment opportunity - The Residence, 9 The Links, St Andrews, sits beside the famous 18th green at the historic Old Course. UAE investors are being given the chance to acquire shared ownership of a unique home described as "the most exclusive and exceptional property in the golfing world." Owners of The Residence, 9 The Links, St Andrews, Scotland, will travel to Dubai next week to meet investors interested in buying fractional ownership of the freehold for the five-bedroom town house, beside the world’s most famous golf course. Sitting just a few steps from the hallowed turf of the Old Course at St Andrews, the property has been hailed as "The Royal Box of Golf" because of its magnificent views over the 18th green and first fairway. Toby Pocock, Managing Director of London-based Fraction International Ltd., specialists in luxury fractional real estate, said: "Shared or fractional ownership is the fastest growing form of second home ownership in the luxury sector. It enables co-owners to share the cost and maintenance of a property while experiencing superior levels of service and management." Pocock is arranging for the private owners of The Residence (www.theresidence-standrews.com) to meet potential investors in Dubai during the week of the 2008 Desert Classic, which starts on 31st January at the Emirates Golf Club. Up to 12 investors have the opportunity to buy shared ownership at £775,000 each. "This is a unique, and probably once in a lifetime, opportunity to own a share in the most historic and charismatic real estate anywhere in world golf," he said. "While fractional ownership is a relatively new concept in many other parts of the world, I have no doubt that given its location, its heritage, and its facilities, The Residence will have instant appeal at the luxury end of the market." The property has been beautifully restored and extended with 3000 sq ft of living space, an exquisite interior, and uninterrupted, breathtaking views of the Royal & Ancient Golf Club, West Sands Beach, and the historic Swilken Bridge from its balcony and bay windows. "It will be of particular appeal to prospective buyers with an interest in golf," said Pocock. "The property is targeted unashamedly at the very top end of the second home market and buyers used to the very best will not be disappointed." As well as equity in the property, owners will have use of The Residence for four weeks a year, two in high season, two in low season, while investors can buy more than one share if they wish. To ensure fair play, during The Open Golf Championships at St. Andrews, the world’s leading golf tournament, The Residence will be transformed into a private clubhouse for all its owners and their guests.
- Tony Lewis / Ahmad Huzayen-, Total Communications Dubai - also photo
Author: maggy (admin2)
Last modified: Tuesday, 22.01.2008 - 01:56 More reports from this category all copyright automobilsport.com.
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