Arriving here is like falling off of the face of the earth into a pillow of unadulterated style. Wales has 750 miles of unspoiled coastline, 3 National Parks and is rich in heritage and culture. This is your chance to invest in and enjoy an amazing property with a boutique hotel, huge pavilion and private recording studio.
4. ‘Arriving here is like falling off the end of the world
onto a pillow of unadulterated style.’
5. • 750 miles of unspoilt coastline
• Rich in heritage and Culture
• 3 National Parks
• 80% of UK visitors to Wales went for a holiday
• M7 Real Estate buying £millions of real estate in South Wales due to price increases over last 6
months
WALES
6. • Known as the ‘Garden of Wales’
• Many quaint fishing villages, including Tenby
• Historic castles to explore
• Miles of coastline with sand dunes
• Dylan Thomas’ boathouse (can be seen from The Corran)
CARMARTHENSHIRE & LAUGHARNE
7. • Boutique Hotel
• 21 suites, fine dining, spa, pool and gym
• Voted in Top 100 Hotels in the World twice by Sunday Times
• Current owners dedicated to growing hotel offering,
making it the destination in the region.
• Phase 1 extension scheduled for completion mid 2014, with
phases 2 and 3 starting 2014.
THE CORRAN RESORT & SPA
8. • Entirely refurbished in 2013
• Addition of 4 new luxury suites
• New car park and access road
• Helicopter pads for VIP access
• Planning for additional function space, “The Pavilion”
• Planning for spa extension
• Planning for “Orangery and Bar Extension”
THE CORRAN RESORT & SPA PHASE 1
9. • Full Planning Permission Granted
• 500 capacity
• Permanent High-End Structure
• Self contained with bar, kitchen, cloaks, offices
• Ideal for large weddings
• Perfect for corporate events
• Only venue in area of this capacity
PHASE 1 The Pavilion
10. PHASE 1 The Pavilion
• Due for completion Summer 2014
14. • Brasserie style eatery with
pizza clay ovens
• Additional bar and restaurant
capacity
• Modular space
PHASE 1 Orangery
15. • Full PlanningApproval
• Renovation of East House
• 28 Rooms
• Family and Group orientated
• Equine Facility
• Outdoor activities such as quad biking and horse riding
• Corporate team event location
THE CORRAN RESORT & SPA PHASE 2
17. • Renovation of Malt House
• 28 Rooms
• State of the art recording studio
• Media and live broadcasting venue
• Live venue incorporated into building design
• Wendy House Productions agreement in place
THE CORRAN RESORT & SPA PHASE 3
18. • Jerry Meehan, owner of Wendy House is heavily involved with many of today’s leading music acts,
including Robbie Williams
• Wendy House has recorded with some of the World’s most famous acts, includingAdele, Stevie
Wonder, Jessie J, Kylie Minogue, One Direction, Bryan Ferry & many more
• Rationale for building studio in Laugharne – residential studio, secluded from media intrusion,
inspiring surroundings
• High End, leading edge equipment list
WENDY HOUSE PRODUCTIONS
19.
20.
21. • Occupancy targets for current year
• ‘Secret Escapes’ online promotions resulted in 2,000 room bookings
• Over 85 weddings booked in the last year alone
• Wedding venue now promoted through hitched.com
• New spa manager recruited from Park Plaza, tasked with turning spa into self contained
business.
• New assistant manager recruited from 5 star hotel resort, tasked with delivering 5-star
customer service at The Corran
THE CORRAN OPERATION
22. • Andrew King joins as CEO for The Corran Resort & Spa
• Has held roles in many prestigious London hotels including The Cadogan Hotel in
Knightsbridge, The Dorchester and The Clifton
• Worked extensively throughout South EastAsia and the Middle East having managed hotels
in Sri Lanka, Kuala Lumpur and Oman.
• Previously employed as GM at Sharrow Bay Hotel in Cumbria for 8 years
• Noted for retaining Michelin Star for 12 years
• Noted for retaining 2AARosettes and 3AARed Star Status
NEW RESORT CEO
23. • Hotel unencumbered
• Buyer contracts directly with freeholder, Kayboo Ltd
• Fixed returns are underwritten by freeholder, Kayboo Ltd
• Ownership based on a 999 year lease
• Room Rate £225 per night year round (increasing by 5% per annum)
• Phase 2 needs only 45% occupancy to pay returns
• Hotel averages 60% occupancy
THE CORRAN OPERATION
25. • 13th Fractions of suites at £33,000 per fraction
• 26th Fractions of suites at £17,000 per fraction
• 9% Fixed Returns for 5 years (from day 1 of purchase)
• 10% Fixed Returns for next 10 years
• 100%Assured Exit Option anytime between years 3 – 14
• 150%Assured Exit Option in year 15
• No additional purchase costs
• On-going fee only £180 per annum for 13th Fraction and £90 per annum for 26th Fraction
• £125 per night discounted usage
THE OPPORTUNITY
27. • Agroup of unconnectedbuyers can collectively own a property
• Full ownership of the fraction (deeded)
• You can buy any multiple of the fractions
• Less outlay / allows investors to diversify
• Same % returns as a fullAND use of all the same facilities
• Can be passed down to heirs
• As each owner is unconnected, owners can all buy and sell independently of each other
(or take the resale)
FRACTIONAL OWNERSHIP
28. • The company is set up and administrated by the Fractional Ownership Consultancy (FOC)
• AUK Limited by guarantee company is created that owns the property
• Company is non-trading – Max liability of £1
• The Company has 13 or 26 members
• Annual accounts costs - £180 per annum 13th, £90 per annum 26th
• Each buyer will have to complete a basic due diligence check
HOW FRACTIONAL OWNERSHIP WORKS
30. • £500 / £1000 reservation fee
• No reservation required for SIPP/SSAS
• Balance of funds transferred within 14 days of receipt of contract along with Due Diligence
Questionnaire
• Rental income is paid in quarterly arrears
• Fixed Payments Dates: JANUARY,APRIL, JULY, OCTOBER
PURCHASE PROCEDURE
31. • Existing Hotel – Fully sold and paying investor returns
• 18 Month track record of paying in excess of £1,000,000 of returns
• Phase 2 is a renovation and not ‘off plan’
• Contractual fixed returns throughout 15 year term
• Optional, contractual exits after 3rd year
• Viewing trips from £99 per room
SUMMARY
32. • ‘ One of the World’s 100 Best Hotels’ – The Sunday Times
• ‘Sophistication and understated chic’ – Daily Telegraph
• ‘The most glorious rural setting’ – Telegraph Luxury
• ‘One of the best hotels in Britain’ – GQ Magazine
• ‘Arriving here is like falling off the end of the world onto
a pillow of unadulterated style’ – The Observer
• ‘The ultimate in chic luxury’ – Travel Glamour
WHAT THE NEWSPAPERS SAY