Would you like to buy an apartment in Colombia but are you concerned about using it just a couple of times a year?
What if instead you can own an exclusive property, paying only a fraction of the cost and splitting the maintenance costs with other buyers?
Now any person who requires visiting Bogotá quite frequently for various reasons, such business, vacation or simply to visit their relatives in Colombia, will have the opportunity to be the owner of a luxury apartment under the 'fractional ownership property ' model, allowing them to enjoy an apartment with the specifications of a hotel and having the ability to generate profit from the occupation of the property, when it is not in use.
Studio 59 is an innovative project in Colombia, which is marketed under the fractional ownership property scheme and offers the opportunity of owning real estate, with the possibility of using it or assigns it to be managed by a hotel company and so receive the same utility through it.
LOCATION
Located at Chapinero Alto one of the areas of potential valuation, a few blocks from the financial sector in the 59th street with Carrera 4th, at the northeast of the capital of Colombia.
This unique building will have 31 "Apartiques" Apartments Boutique, exclusive and modern of 50 m2 (20 units) and 60 m2 (11 units) with hotel management services.
With an estimated investment from 70 million pesos, about $ 35,000 dollars, it entitles you to have a unique furnished apartment for 56 nights in perpetuity, with the "apartment boutique" concept backed up by a deed.
Each apartment is divided into 6 fractions, which can split the costs of administration and services. Each fraction allows 8 weeks or 56 days of use per year.
The fractions are delivered to a management company in charge of assigning the weeks of use based on a rotating priority system
If you may want to acquire a property of these specifications, you should have to pay an average of 420 million pesos for the apartment, about $ 210,000 dollars, regardless of maintenance costs, taxes and public services.
ADVANTAGES
- An innovative and unique project in Colombia
- Affordable price for higher quality
- The choice to buy as much fractions as needed
- You don't have to take care of property management
- Automatic Membership to The Registry Collection ®
BENEFITS FOR EXECUTIVES AND ENTREPRENEURS
Significantly reduces travel and hotel costs, as it will have a truly unique place to live and where to reach without having to incur in hotel costs.
You can always get a personal place, ready and organized as needed.
Home Services as: restaurant - bar, spa, private Locker, storage, concierge service 24 hours will make you feel care and comfortable like in a hotel but at your home.
Besides, you may make exchanges with other exclusive properties around the world as a member of The Registry Collection TM
BENEFITS FOR INVESTORS
Growing hotel occupancy (currently in Bogota is at 71%)
The valuation of an exclusive sector like Chapinero Alto, currently between 10% to12% versus Bogota's average 6% .
Profitability estimated between 14% and 19% annual
You can put your property to produce through efficient management that will maintain the apartment occupied
HOW IT WORKS
The buyer of the fractional ownership should decide and communicate once a year (between August and October), how he will be use the fractions:
-Usufruct
-Income
-Mixed: rent and usufruct
Reservations for use of weeks, have to be done properly and in advance minimum (1 week at least) and are assigned by rotating priority system
The fractional property owner, if desired, may set and send the draft reserve of his time with 1 year in advance
ABOUT THE REGISTRY COLLECTION
The Registry Collection TM is an exclusive Luxury Exchange network worldwide, own by RCI network.
The Registry Collection, offers a world of options and experience the ultimate luxury holiday surrounded in the most exclusive destinations and world renowned
The Registry Collection, offers the best holiday experiences in luxurious developments
Just imagine the vacation you've always dreamed and turn them into reality with The Registry Collection TM.Relax while enjoying the sun in a tropical paradise, or live a magnificent mountain adventure, immerse yourself in the culture of a fascinating historical city and enjoy the most beautiful colors and scents of nature. Let your imagination be pampered and surrounded by the greatest luxury and comfort
Beyond magnificent destination options, The Registry Collection program provides valuable resources for maximum enjoyment of lifestyle you are accustomed to, through its suppliers' "Collection Partners". They provide the highest quality and personalized service of a concierge 24 hours a day, seven days a week, which will assist you in arranging your travel, planning events, for personal purchases and much more
With The Registry Collection TM, you have access to more than just a piece of paradise. You, have everything!
PRICES
We are in off plan stage so you can take advantage of our early prices. Prices in studio 59 fractional ownership start from an average of USD$36,000 to USD$42,000. Construction is planning to initiate in the last quarter of 2010 and will be completed in about 14 months. During construction prices will increase, and that will be for sure that commercial price in the area will be much higher than the current price.
Prices and availabilities can vary without previous notice. Also bear in mind that prices are set up in Colombian Pesos, and will be converted in any given currency at the exchange rate of the time of purchase
ESCROW MANAGER DURING CONSTRUCTION
We know HOW important is for your confidence to know who is going to manage your money during construction of the project
We will work with Santander Investment Trust Colombia SA which is company member of Banco Santander International group in Colombia who has a s well: - Banco Santander - Santander Investment Securities
Santander Investment Trust Colombia SA handle both the stage of custody as the Resource Management to ensure the proper assignment of resources
For information about prices and availability, please fill out the contact form below
