pinnacle point beach & golf resort - pam golding point.pdf · • a secure investment in an...

FRACTIONAL OWNERSHIP

PINNACLE POINTBEACH & GOLF RESORT

PINNACLE POINTBEACH & GOLF RESORT

www.pamgolding.co.za/fractional

OWN YOUR SHARE OFPINNACLE POINT BEACH & GOLF RESORT

PINNACLE POINTBEACH & GOLF

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FRACTIONAL OWNERSHIP CONCEPT

Fractional ownership is the smart and affordable way to own your share of a luxury holiday homein one of our sought after destinations. In essence it is the joint ownership of a luxury propertywith managed hospitality and support services, where you only pay for the share you own.

In a nutshell:

• A private company owns the property and you have the opportunity to become a 13th shareholder inthis company.

• Your share entitles you to 4 weeks usage of the lodge per annum, 1 week per season.• Unused weeks may be rented out with such rental income accruing to you.• Running costs are administered by a Charted Accountancy firm and are shared equally between

the shareholders.• The company in which you acquire the share is run by a board according to company law.• All support services are taken care of on your behalf.


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DESTINATION

Pinnacle Point Beach and Golf Resort is the perfect gateway tothe garden route and is set on magnificent coastline, taking prideof place amongst exclusive neighbouring golf courses such asFancourt, Pezula, Simola, Plettenberg Bay and George Golf Club.It is easily accessible with George Airport being a mere 20 minutesdrive from the estate making it a popular holiday destinationfor all.

Uniquely defined by two intimate, secluded beaches along fourkilometres of spectacular coastline, Pinnacle Point is located onfour hundred hectares of prime land, of which one hundred hectaresis nature reserve. The resort is home to indigenous wildlife, birdlife

and 264 varieties of fynbos – a nature lover's delight. All of this is strategically integrated with an 18-holechampionship golf course designed by renowned Peter Matkovich, with breathtaking cliff side holes. Theclubhouse is located to capture the 270 degree breathtaking sea views. Other amenities include sportfacilities, a wellness centre,hiking trails and equestrian facilities. There is also a casino and hotel just a stonesthrow away.


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WHAT DOES PINNACLE POINT HAVE TO OFFER

What Pinnacle Point has to offer

• Enjoy world class golfing on the18-hole Peter Matkovich designed Golf Course, ranked in thetop ten new golf courses of the World 2006

• Access to the clubhouse and a host of other facilities including the Casino• Access to the beach and its scenic beauty firsthand• Spend time on one of the most breathtaking coast lines of South Africa• Proximity to world renowned golf courses such as Fancourt, Pezula, Simola and Goose Valley• Splendidly opulent surroundings• A secure investment in an ever increasing asset class• Peace of mind in overall security and an investment in your lifestyle


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THE PRIVATE RESIDENCE

The Golf Lodge

• 2 Bedrooms with 2 bathrooms• Spacious centralized living area with dining and entertainment area• The exquisite internal finishes and décor place emphasis on stimulating all the senses in an environment of luxury• External entertainment areas are positioned to utilise the most of its beautiful natural surroundings

Extras

• R200 000 worth of furniture - top of the line with professional interior decorating and quality finishes.• A 2 seater golf cart


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AN EXCLUSIVE LIFESTYLE DEVELOPMENT


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MANAGEMENT

Day-to-day management

• After completion of the project, Pam Golding Fractional Ownership will take responsibility for all the troublesome and mundane tasks of owning a secondary home, so you can just come and enjoy

your vacation.Our services include the following:• Preparation of the lodge before arrival• Inspections and inventory checks after visits• Domestic cleaningservices• Pool and garden services if needed• Insurance• Administration and bill payments• Provide shareholders with statements and reconciliations• Levy collections• Drafting of annual returns• Tax• We arrange rentals at your request if you cannot use your weeks• Facilitation of internal exchanges between shareholders


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STANDARD LEVY STRUCTURE

The costs of maintenance, upkeep and management are budgeted in the annual forecast for thecompany. The administration of these bills is done by an appointed Chartered Accountancy Firm.

The typical levies include:• Resort levy• Electricity• Water• Insurance• Content insurance• Gardening• Pool service• Housekeeping• Cleaning material• Accounting fee• PGFO butler fee

The average monthly fee per shareholder for this product is on the disclosure page.


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FUNDING AND FINANCE

PROCESSPam Golding Properties (Pty)Ltd creates a private company, of which it is the first shareholder. Investorsare then invited to subscribe for these shares at the promoted share price. This company acquires theproperty and appoints a contractor to complete the unit, whereafter our interior designersfurnish the unit.

Each shareholder owns 1/13th share in the company and has an equal vote in the decisions of thecompany. The private company may be converted to a share block company once occupation commences,should the shareholders elect to do so.

FUNDING• Investors are required to deposit 15% of the purchase price on signature.• A further 85% is required relative to the stages of completion of the unit, and in instances of a completed unit, when the share is transferred.


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EXAMPLE OF USAGE ROSTER


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THE ROLE OF PAM GOLDING FRACTIONAL OWNERSHIP

WE ACT AS THE PROMOTER OF THE SYNDICATION• We find the property• Register the shelf company• Marketing and compiling of the shareholder structure of XYZ• AGM’s• Issuing of share certificates• Share transfers• Managing and maintaining the shareholders agreement

FULL TURNKEY PROJECTWe handle the building process• Transfer of the land• Tender process• Negotiations with subcontractors for the best price• Architects, Engineers and Quality control• Coordinating builders• Interior decorating• Update all shareholders as to the progress on the progress


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WHY PAM GOLDING FRACTIONAL OWNERSHIP

• Pam Golding Fractional Ownership is a founding member of SAAFI (South African Association ofFractional Intermediaries) protecting our investors fully.

• Pam Golding Fractional Ownership homes are only available in well known, prized and soughtafter destinations.

• Pam Golding Fractional Ownership properties are carefully selected against a set of stringent criteria to ensure maximum future growth and demand.

• All Pam Golding Fractional Ownership holiday homes are fully furnished by interior designers.• Pam Golding Fractional Ownership manages the sub-contractors to supply all the basic services, accounting, tax, maintenance, housekeeping and so on.• Once you invest in a fraction, you receive a formal share certificate as your proof of ownership.• The usage in Pam Golding Fractional Ownership homes is effectively 4 weeks per annum, allocated as a week in every season. Every year this roster advances with one week.• You choose the weeks best suited for your usage.• A set of house rules regulates the usage of the home.• The fractional owners share the running cost of the property.• We believe that the proven syndication model provides the perfect solution for ideal vacations.


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DISCLOSURE DOCUMENT

PROJECT NAME

WEEKS PER SHARE

NUMBER OF SHAREHOLDERS

LODGE SIZE

BEDROOMS

BATHROOMS

ESTIMATED VALUE OF FURNISHINGS

ESTIMATED 1ST OCCUPATION

ESTIMATED LEVY P/SHAREHOLDER

PINNACLE POINT

4 (FOUR)

13

130m

2 BEDROOMS

2 EN SUITE

R250 000

JULY 2008

R650 P/M


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CONTACT

99 Jip de JagerThe Vineyards Office EstateBellville75300861 106 651

[email protected]

www.pamgolding.co.za/fractionals


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