The project is funded by 50 investors who will become the owners of the building.
The company financed by the new owners then will make the refurbishment happen to covert the whole building into 3 apartments (2x two-bedrooms apartments with a private Jacuzzi and 1x four en-suite bedrooms with a rooftop solarium with panoramic Jacuzzi.
The acquisition and its refurbishment is intended for creating 3 apartments in Otranto for the rental market.
Otranto is an important tourist seaside town in south Italy, Puglia.
Very popular among Italians and international tourists for its sandy coast and historical cathedral and castle within the old city.
Otranto is a very demanding destination for holiday homes and luxury stays.
Therefore we have plan up an exciting opportunity though crowdfunding for everyone to invest a fixed share of the project or its multiple to have the double advantages of owing a property in Otranto and have the opportunity to stay in anytime.
1. FIRST 3 YEARS FROM DECEMBER 2023 5% RETURNS GARANTEED
2. THE RENTAL REVENUE FOLLOWING 2026 IS DIVIDED BY 60% TO OWNERS AND 40% TO MANAGEMENT COMPANY
3. STAY-IN OPTION BY BOOKING YOUR STAY AT EXCLUSIVE DISCOUNT PRICES RESERVED TO OWNERS OR OPT-OUT STAY-IN AND GET REVENUE BASED ON YOUR SHARE YOU OWN
As main interest of the investment is make profitable income, the second most convenient opportunity for investors is to give the chance of staying in their property selecting the booking dates (subject to availability) and pay an exclusive discounted price as one of the owners.
If you are not using the property at all the revenue % that the property makes is calculated according the shares you own by deducting taxes and maintenance charges which will be significantly lower than owning a 100% property.
EARLY BIRD SHARE PRICE - Pay one share of £ 35.000
TOTAL SHARES AVAILABLE : 50