Firstly, this is NOT to be confused with 'Time-Share'. It's not even a new ownership method. It has been around since partnerships began buying real estate. There is a difference to the normal ‘Mum and Dad’ buying scenario though, and that is the participating parties buy ‘percentages’ of the whole. ‘Mum and Dad’ buy normally as ‘joint tenants’, whereas a fractional ownership is generally a ‘tenants in common’ principle, although it doesn’t absolutely have to be. It just depends on the participating parties’ exit strategies.
We can accommodate private investors, companies or trust structures, like any other normal real estate purchase entity.
An example of it at work would be if John Smith, Fred Jones and Billy Brown were partners in a law practice. Rather than each investing in a house for $750,000, they could join forces for a combined purchase of one beach house for $1,000,000 with an outcome of a bigger home or in a better location on the Island. Their percentages could be either equally or otherwise fractionally divided and this decision could be based on the projected usages they would be making of the home for their respective families, friends or colleagues. Each set of school holidays could allow a different party to enjoy use of their beach home and also allow a period available for our holiday letting department to offer it to the holiday rental market. The return generated from holiday letting may well be sufficient to cover outgoings relating to your joint investment, thereby helping the partners offset some costs.
It really is a win-win scenario. We would be very happy to explain this in greater detail to you when you contact us.
So get your mates, business partners, family and relatives, or whoever else you would feel comfortable in joining in with, and share in the joy of owning a property on the last Whitsunday Island ever likely to be offered for residential ownership. Oh and just one other thing, now is a great time to do this!
In a land of unrivalled pristine beauty, one can also expect unrivalled pristine service. Professional service. Full service. The official Keswick Island website www.keswickisland.com.au was your starting point to obtaining our services along the road to ownership of your new ‘slice of paradise’. It told you about the island, the developers (Keswick Developments Pty Ltd), how to get here and what you can do once you have landed. Now you have found us at KIRE too, let us help you even further.
Keswick Island Real Estate Pty Ltd (KIRE) is your official Keswick Island agency. For your own protection and satisfaction, Keswick Developments suggest you only deal with a representative from KIRE when either purchasing or selling your Keswick Island real estate. This is all we do and we know it best, working directly with the Developer, hence you will always receive the most up to date information and listings currently available.
We encourage you to fully explore the KIRE website, let us know a bit about you and your thoughts, and commence communications with our friendly team who are dedicated to assisting you to buy or sell on Keswick Island. You can either use the Contact page or just go direct to Charlie Tenggren on (+61) (0)414 732 266 or charliet@kire.com.au and we will be back in touch ASAP.
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Once you are here visiting us on Keswick Island and appreciating all it has to offer that is important in an island lifestyle, we reckon you won’t look back anymore and find yourself saying ‘one day...’
