Flaxby Country Resort, City of York, United Kingdom

The Flaxby Country Resort, scheduled for completion in 2011, will join an exclusive list of luxury destination hotels in the UK. Imagine a hotel with the grandeur of Gleneagles and the guest experience of The Grove located in 283 acres of Yorkshire countryside. The 27-hole Troon Golf course, the Lee Westwood Academy the Elemis Spa and the range of restaurants bars and boutiques will make the Flaxby a destination of choice for local people and international visitors. The developer is offering a chance to invest in a piece of this exceptional project and benefit from the massive potential as well as from guaranteed returns and secured deposits.

Location

Located simply seconds off the A1 The Flaxby is perfectly located as a conference venue, a weekend retreat or a haven for the tired traveler.

The Golden Triangle

The area between the affluent areas of North Leeds, Harrogate and York is known locally as The Golden Triangle. Falling in the middle of this triangle gives The Flaxby close proximity to Leeds, the commercial hub of Yorkshire, with the airport only 12 miles away. Leeds offers extensive shopping including Harvey Nichols. Historic York is among the most visited destinations in the UK and offers a wealth of experiences from shopping to history. The spa town of Harrogate is well known for its quaint tearooms, wonderful architecture and international conferences making it a perfect backdrop for The Flaxby. Harrogate's little sister (pictured above) is the delightful town of Knaresborough, only a few miles from the resort.

The Investment Detail:

6% Minimum Return Guaranteed for 10 years

Projected returns from year 4 of 11%

12 days personal use per year

First 3 years return paid into Escrow on completion

Payment Structure

£2500 plus vat reservation fee to secure room of choice

20% plus vat exchange deposit (less reservation fee)

10% plus vat on completion. (all vat is reclaimed for you)

Finance

70% non-status developer finance available (please ask for more details)

 Self Invested Personal Pension

The Flaxby has been confirmed as an acceptable SIPP asset by Hornbuckle Mitchell.

SAMPLE INVESTMENT OVERVIEW

Unit Price: £199,950 plus vat (double room)

Exchange deposit (20%): £39,990 plus vat

Completion input (10%): £19,995 plus vat

70% balance on completion:

Mortgage available

Mortgage Rate (70% LTV): 2.5% above UK base rate

Cost based on UKBR 1.5%: £5599 per annum

Guaranteed return: 6% minimum for 10 years

= £11,997 per annum

First 3 years held in Escrow

Return:

50% of room income not less than

6% for first 10 years

Annuals Costs per annum:

£1500 management fee

£250 ground rent

Personal usage: Up to 52 days per year (£25 admin charge per night)

Interest on deposit: 6% per annum paid on completion towards balance due

Stamp Duty: £2,299.43 payable at completion

 Zurich Insured Deposit:

The developer has gone to great lengths to make this a secure investment providing each client with a Zurich Standard 10 policy for their deposit value.