A Buy to let scheme that abolishes Holiday PARK SITE fees

InvestINLazydays, the UK based property developer, has launched a ‘buy-to-let holiday home’ scheme which allows you to buy a freehold site in a holiday park and rent it out for a profit. InvestINLazydays has already successfully developed and sold sites in Spain, Scotland and England.

From November, investors will be able to acquire Freehold Title sites on one of our developments located in Minster-on-Sea, Kent. Prices range from £24,000 for standard holiday site to more than £75,000 for a Holiday Lodge sited on a sea view plot.

With the InvestINLazydays scheme, you invest in a holiday site you can use for eight months a year or it is let to a guest by a multi-year license at variable rates. Current year’s licence rates start at £2,000 per year. Alternatively, you can buy a site improved with a holiday home, lodge or caravan. Owners charge guests at rates starting at £275 a week. Each site is a commonhold freehold title.

Investors in Lazy Days will earn an income of 7.5% a year after charges, which range from £165 to £215 a year. These returns compare favourably with the yield you would get from a typical buy-to-let property, and comes without the hassle of managing your own house. Investors receive income payment directly from InvestINLazydays or through property managers.

The success of the scheme hinges on the owners or manager’s ability to run the holiday park plot efficiently and obtain a high occupancy level. We have a demonstrable ability to achieve these returns as the 7.5% incomes at Lazy Days are based on existing sites which are currently rented out with multi-year licenses.

InvestINLazydays’s first holiday park, Lazy Days, opened in 2001 and quickly established itself as an oasis for quiet adult orientated owners and now innovative investors.

Investors buying for their own leisure activities gain over the conventional holiday park in that there are no annual site fees to pay; simply a contribution to the owners association for upkeep of the common areas estimated at £160 for the 2006 year. As freehold owners, investors also are not obliged to pay the holiday park any commissions when they resell themselves or through any agent of their choice (usually a minimum of 10%).

The resale value of commercial properties will depend on the income-generating potential of the site, which is in itself a hedge against inflation. However there is no limit to how much that is likely to rise, as a niche product, in the Islands holiday park market.

Conventional mortgage financing can be used or Lazy Days can arrange finance at competitive rates.

If you need a bolthole from London or just relief from the pressures of life, then this scheme may be just what you need. If you plan the investment for your self invested pension plan (SIPP) you may also enjoy the benefit of personal use but you will have to pay a ‘market rate’ rent but for commercial investment property there may be a huge tax relief of up to 40%.

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Name: Matthew
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Ad Ref: 32561