The Registry Collection and iO Adria Limited today announced the association of Dubrovnik Sun Gardens to the world’s number one fractional exchange network.
Dubrovnik Sun Gardens is found on Croatia’s Adriatic coast close to the village of Oraac, twenty minutes from Old City Dubrovnik.
The resort features The Spa by OCCO, which lately won the celebrated Spa Visitor Awards for ‘Best Global New Spa’.
With its own private beach, thirteen bars and restaurants, 3 pools and an in depth sports club, Dubrovnik Sun Gardens is favored by both leisure and business visitors alike.
The resort also offers some of the largest and most flexible meeting spaces in Croatia, with capacity for up to nine hundred representatives. A 201-room recent Radisson Blu hotel is also featured on the resort complicated.
It is the whole-ownership part of Dubrovnik Sun Gardens which has associated to The Registry Collection. This development comprises 207 places boasting garden views and coastal vistas, provoked by internationally-recognised interior designers Hirsch Bedner & Associates and outfitted with modern appliances and generous indoor and out of doors living spaces.
The 1st 25 units have now been released for sale, from one to three bedroom in size and at costs ranging from 170,000 (£149,000) to 555,000 (£488,000).
Mortgages of nearly sixty per cent LTV are available with Erste Bank on a 15-year term at a fixed 6.6 per cent rate which, coupled with peak season occupancy rates of 95 per cent and rental returns of 4 per cent, are probably going to make purchases as well-liked by speculators as those dreaming about a holiday home in the sunshine.
Now in its third year of operation, Dubrovnik Sun Gardens is quickly becoming recognised as one of Croatia’s first class resorts and outperforming the Dubrovnik five-star market.
Late last year the resort was crowned Best Developer in South Europe at the Foreign Property Professional Awards. Judges on an independent panel of industry experts expounded : “Nobody could argue with the careful planning and total commitment of the developer team involved in Dubrovnik Sun Gardens.
Dubrovnik Sun Gardens two Dubrovnik Sun Gardens signs to The Registry Collection”This actually is a well-presented, fine quality operation a true flagship development for Croatia. It should do well, and the team behind the scheme clearly knows precisely what it needs to do to get there.
“This is a wonderful real-world example in the proper way to refresh a big development with verve and quality.”
The vision for Dubrovik Sun Gardens comprises a three-phase development that may bring another five-star, 130 key hotel, and 200 whole possession dwellings to the complex. As members of The Registry Collection owners can exchange to above 180 luxury properties around the planet.
Julian Houchin, Commercial Director for iO Adria Limited, said : “It was a simple decision to work with The Registry Collection.
“One of the commonest beef to the purchase of ‘seasonal’ resort real-estate is that potential buyers can infrequently have challenges justifying the serious quantity of capital for a purchase they use for only a few weeks a year.
“We see this more and more in today’s economic environment and know from personal experience, potential purchasers considering investing at Dubrovnik Sun Gardens have asked members of our salesforce whether or not they can exchange their asset during the year.
“We chose The Registry Collection for this very reason, as we seriously think that backers today have an interest in leveraging their asset to get a bit more out of their investment.
“Given the quality and diversified nature of Dubrovnik Sun Gardens and the luxurious asset portfolio that is The Registry Collection, we suspect this partnership is a key strategic decision and one that will help us in our sales efforts.”
Matt Holmes, acting head of business development for The Registry Collection in Europe, expounded : “We’re extremely pleased to welcome Dubrovnik Sun Gardens into The Registry Collection network.
“It is an impressive resort in a fabulous location and should be a tremendous addition to our collection of the absolute best holiday spots. The resort’s fantastic location in a seriously popular destination which will get more popular when Croatia joins the ECU in July 2013 and excellent on-site comforts are sure to be a major hit with our members”,writes tagza.com.