Joint ownership venture spans SA

With fractional ownership rapidly gaining popularity in South Africa as a flexible, cost-effective and hassle-free way of investing in leisure homes, an exclusive portfolio of multi-destination, high-end fractional ownership options in partnership have been launched by an SA property group.

"With both Pam Golding Properties and StoneBridge Leisure Group having been at the forefront of the fractional ownership industry since the concept was first introduced in South Africa, we are once again able to bring to the marketplace a unique high-end lifestyle product which affords the diversity of multiple, luxury destinations in South Africa's prime locations and a dream lifestyle – all with sound capital growth, formalised hospitality management and a national and international exchange component. Each of the options has its own unique appeal and is located within a highly sought after, ideally situated prime property," comments Dr Andrew Golding, CE of the PGP group.

Now marketed by PGP Vacation In Property (VIP), investment in any of the luxury properties in StoneBridge Leisure Clubs provides members with access to the entire bouquet of brand new products which currently include: the Cape Royale situated in vibrant Green Point, Cape Town; The Emperor in the heart of Sandton, Johannesburg; Kruger Park Lodge - just 12km from the Kruger National Park; and Misty Creek Mountain Estate & Spa situated in the Long Tom Pass between Lydenberg and Sabie in Mpumalanga. As StoneBridge is affiliated to The Registry Collection, members also automatically have access to some of the world's finest luxury leisure destinations around the world.

Jose Ventura, MD of Pam Golding VIP, says by acquiring shares in any of the prime products within the StoneBridge portfolio, members may make use of any of the destinations within the club.

"This is unique and means that we cater for a wide variety of different lifestyle requirements, with buyers able to experience the range of luxury lifestyles that South Africa provides. In the first phase we are marketing 299 fractions with an entry level price of R322 000 and with an average price of R370 000 for title and 28 days per annum in perpetuity. The options are totally flexible, enabling a member to make use of each of the four destinations, or an executive or corporate member may wish to utilise four units at the same venue for conferencing or leisure purposes.

"The future of luxury lifestyle ownership lies in stress-free fractional ownership. We already have high interest from both corporates and individuals with families wanting to invest in lifestyle quality time, as well as from expatriates living abroad. This is a growing club and StoneBridge is already looking to expand with several new projects currently in the pipeline – Letsatsi Game Farm development near Smithfield in the Free State and the Blythedale Coastal Resort on the KwaZulu-Natal north coast" says Ventura.

Joop Demes, MD of Golding Hotel Investments, stresses that high-end fractional ownership is not to be confused with property syndications. "There are clear and distinct differences between the two. Over and above price and denomination, high-end fractional ownership is a fully hospitality managed club with international and South African exchange options – components which are generally not found with property syndication. Owners not only partially own the property, they will also never have to become involved in the day to day running and management of the properties. Once they purchase a high-end fractional ownership property, they can simply sit back and relax, and enjoy their assets at multiple locations in South Africa – or enjoy a similar property abroad," he says.

As members will be buying off plan, in the period prior to transfer they will have access to an interim access benefit package offered by StoneBridge in conjunction with The Registry Collection and which will be valid for 12 months after taking transfer of the unit. The interim package includes one week's international complimentary access in a luxury resort, Hotel Express Gold card which offers 50 percent discount in top local and international hotels, and six 50 percent discount long weekends at five different upmarket game farms in South Africa.

Comments Mike Barr, MD of StoneBridge Leisure Group: "From time of arrival at any of the destinations everything is taken care of, including 24-hour check-in facility, access to golf club membership privileges, health spa facilities, game viewing and all other amenities associated with the luxurious nature of these destinations. In addition, in order to complement the luxury lifestyle component, StoneBridge Leisure Extreme offers a range of luxury assets on a fractional ownership basis, whether it be a luxury sports yacht, helicopter, aeroplane or exotic sports car."

Image: Within walking distance of the V&A Waterfront in Cape Town, Cape Royale - The Residence, comprises luxury apartments, 24-hour reception and concierge services, world-class spa, gym and relaxation centre, outdoor pool and sundeck and a high-tech security system.

For more information contact 073 499 1254 or send an email.

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