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Key selling points
- Fixed Term and Fixed return Land Plot
- Option 1 Return in December 2009 50% of the net invested
- OPtion 2 Return in Spetember 2010 61.6% of the net invested.
- Your investment is held in a UK client account
- Guaranteed Return
- The plan is designed as a short term investment.
A great investment option for those clients looking for a fixed term with a fixed return land plot deal.In simplest terms it is a deposit account for a fixed term with a fixed rate of return for that period secured against a plot of land with planning.
Why Use Fixed Term and Fixed Return Land Plots As An Investment?
• Investors’ money is paid in to Yorkshire Bank Segregated Client Account.
• Investors’ money never leaves the UK.
• The developer cannot access the capital for any reason. Capital is secure.
• Increases to the account can be seen on monthly statements passed to the IFA. How Does It Work
• Clients invest £24,000
• The money is deposited for a fixed term.
• For each plot application there is an admin fee of £175.
• Clients may invest in multiple plots.
• The money is deposited into the developers account.
• The money never leaves the UK.
• The money is held in this account for the duration of the term.
• Stage Payments received by the developer are deposited into the account at regular intervals throughout the term. Investors will be able to see the balance of the Segregated Client account grow throughout the fixed term of the investment.
• At the maturity date the client is repaid their original capital plus the associated uplift; as defined by the table below.
• At maturity there is a closing fee of £375 payable to the developer per individual plot.
• This can be paid in advance, paid separately at the end before the funds are released or taken from the uplift.
• The developer receives the interest from the account. Land Plot Sales
This is an investment placement in the first instance and works as follows:- We are offering, 575 individual land parcels, all of which have detailed planning consent and you are able to have all the due diligence per plot you like. We are offering each plot at £68,500. We require a 35% deposit or £24,000. The client(s) deposits the required funds into a nominated solicitor’s segregated client account showing the ability on behalf of the developer. The developer will receive a gross interest payment paid monthly on this amount. This will be used for interest servicing of debt and marketing reserve. The developer will not be able to access the capital for any reason. In return the developer will undertake the following:- Based on a £24,000 investment:
1. On 1st December 2009 the developer will pay a return of 17% (50% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 50% of net = £24,000 + £12,000 = £36,000. This offering begins as at 1st June 2007 and reduces in a straight line at 1.9% recurring over the 31 month period.
2. On 1st September 2010 the developer will pay a return of 21% (61.6% of net) on the grossed up amount of £24,000 – i.e. £24,000 plus 61.6%% of net = £24,000 + £14,784 = £38,784. This offering begins as at 1st June 2007 and reduces in a straight line at 1.6% recurring over the 41 month period. There is an admin fee of £175 payable on application – non refundable – to the developer. On the sale/buyback of the investment there is a closing admin fee of £375 payable to the developer.
History of Fernie Fernie takes its name from William Fernie who, with Colonel James Baker was the driving force behind the coal mines that came to be in the Elk Valley. Starting in 1887, for ten long years they struggled to find the money necessary to build, not only the mines, but also the railway to transport the coal to market. Finally in 1897 they were successful, through they effectively lost control of their company to eastern interests. With the arrival of the Canadian Pacific Railroad in 1898, the production of coal in the Elk Valley began in earnest. Opposite the CPR tracks and to the north of the original settlement, the new town of Fernie was taking shape. Mine workers built more substantial houses, while the business community hired contractors to build estates, retail stores and office buildings. The rapid construction of Fernie generated the development of sawmills, hardware stores, blacksmith shops and other building suppliers.
The first Fernie did not last. In April 1904 fire destroyed Fernie’s commercial district and agin on August 1, 1908, a firestorm visited the city. In less than ninety minutes the entire town, save 37 buildings, were reduced to smouldering ashes. The resulting reconstruction dramatically transformed the city’s townscape. By 1910, Fernie’s businesses and their buildings were firmly re-established. Merchants had expanded their stores and offices to serve a more diverse community of 6,000 people. Most of these brick and stone structures built after the 1908 blaze survive to the present. While these buildings were erected without attempting to complement each other’s appearance, most were designed in the simplified Italianate tradition. Features of this commercial style include flat roofs, arched windows and large comices. Manybuildings in downtown Fernie also have recessed or corner entrances. As you walk by these structures, you may notice these features that identify the era of Fernie’s dramatic reconstruction.
Location and Climate Fernie Alpine Resort is situated immediately south of the city of Fernie corporate limits. Fernie itself is located in the southeast region of the B.C. Rockies on Highway 3, approximately 60 kiometres from both the Alberta and U.S. borders. Fernie is 100 kilometres east of Cranbrook, BC (population 19,000) and 210 kilometres west of Lethbridge, Alberta (population 80,000). Calgary, an approximate three to four hour drive from Fernie, is situated approximately 300 kilometres to the northeast.
The original resort: Ski activities at Fernie including alpine, snow-cat, cross country and telemark skiing as well as snowboarding. The base elevation of the ski hill is 1.070 metres. At the summit, the mountains highest elevation is 1,925 metres. Beginner and intermediate ski trails are each considered to be 30.0% of total trails available, while 40.0% of the trails are each considered to be an expert variety. With five large bowls and a skiable area of 2,500 acres therefore, the onsite terrain which Fernie Apline Resort offers caters to a variety of skier levels. The overall plan for the resort is to continuously undertake developments so to enhance the four season nature of the area. In doing so, phased planning and initiatives are being carried out to expand and upgrade specific ski related infrastructure including added food and beverage facilities, and the creation of a core village concept with commercial and residential accommodation and supporting retail and recreation amenitites, with plans to become a year round resort, attempts are also being made to promote summer related acitivities such as tennis, hiking and biking.
Summer activities are in their infancy of development at the resort. It has only been within the past six to seven years in which sustained marketing efforts were made to encourage summer recreation activities on the mountain. Tourism With respect to tourism in Fernie and surrounding areas there are several attractions including world renowned ski resorts, mineral hot spring pools plus National and Provincial Parks. Due to the proximity of the East Kootenay Region to both Banff and Lake Louise, the majority of tourism activity has traditionally focused on the Alberta side of the rocky mountains. In the past two decades however, research indicates that a growing number of tourists are visiting the East Kootenay area due to equally spectacular scenery, a relatively unspoiled environment, less expensive overnight accommodations, and fewer crowds.
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