Property Shops in Northampton
Monday to Sunday: 24 hours
Would you like to build a personal portfolio of shares in Spanish property and realise proportional rental income from them? Then join The Med Syndicate. (www.themedsyndicate.com). Contact details are also at the foot of this description.
New Investing Member Free % Share Incentive:
(Only applies to new members - minimum new member investment is £1000 and the maximum if 49% of an IP)
Investing in over 9% of an IP Apartment qualifies you for a 0.5% free share of the current IP for new investing members!! So if you joined the syndicate and invested in a 9.5% apartment share you would have a 10% share of that IP Apartment!!
Investing in over 19% of an IP Apartment qualifies you for a 1.0% free share of the current IP for new investing members!! So if you joined the syndicate and invested in a 19.0% apartment share you would have a 20% share of that IP Apartment!!
Investing in over 28% of an IP Apartment qualifies you for a 1.5% free share of the current IP for new investing members!! So if you joined the syndicate and invested in a 28.5% apartment share you would have a 30% share of that IP Apartment!!
Fractional or Shared Ownership
Own FREEHOLD Property at a Fraction of the Cost
Now you can own your own investment properties (IP's) in Spain at a fraction of the cost. Fractional ownership allows you to buy a share in a property with fellow investors. Unlike timeshare you and the people you share with are the legal owners. Shared or fractional ownership of property abroad is becoming increasingly popular for UK and European buyers. A share in an IP grants you a percentage ownership of that property in co ownership with other investing syndicate members. All legally documented and protected.
The Med Syndicate was established in June 2015 and plans to run initially for 10 years at which time a vote will be taken by its members on whether to liquidate its accumulated assets (Investment properties) and pay members their share of the proceeds or extend its life for a further 5 years.
Members can choose to sell any shares they have in an IP after a period of 3 years if they so wish. Obviously the longer the member holds onto the share the greater the benefit later and the greater the rental income received over the period of ownership.
Typical cost of 1 full share in an IP is between £6000-£10000. The minimum investment required to take up membership is £1000 which would be an investment in the current IP. Multiple shares are available. Half of a full share and smaller shares may also be available upon request subject to a minimum of £1000 per new member. Members are able to add to their investments periodically if this better supports their fund mustering process. e.g. in sums of £1000, £500 or £300 etc. Whatever the new member can muster to add to their investment. All funds invested/transferred are fully receipted!!
The Med Syndicate now has 6 members with 1 pending and is looking to expand its membership to a maximum of 12 as per syndicate policy to give the syndicate more purchasing power so as to be able to acquire more and better IP's sooner.
Its current membership comprises of a
Retired Chartered Engineer
Alarms Systems Engineer
Network and IT Communications Business Owner
Medical Business Owner
The property market in Spain is now recovering and is now a the base of a projected 10 year growth curve after the Spanish real estate market crash in 2007/2008. Prices are now 30-40% less than they were in 2007 and in some cases 50%. So much growth potential in the pipeline. The Med Syndicate purchased IP1 3 bed apartment (500m to beach) in Jan 2016 for 55000 euros for only half the price the apartment was in 2007 (110,000 euros). See attached IP Valuation at time of purchase.
All inquiries are welcomed and new members are introduced to existing syndicate members prior to registration and transfer of investment share funds as a means of establishing confidence in the syndicates operations to date. Contact details of existing members will be supplied to anyone who is serious about becoming a investing syndicate member.
The syndicate has so far purchased 6 IP's on behalf of its members and is now in the process of identifying IP7.
IP6 will have approx. 4-5 shares and there is still two shares available to new investing members who are welcome to join us and take shares along with current members in the ongoing pipeline of IPs'
IP6 is a 1 bed 46sqm apartment with nice balcony overlooking the pool which is some 20m away located in the buildings central courtyard. So ideal for watching over the kids. We are purchasing this apartment for much less than the apartment was purchased for in February 2003 including all costs. So a bargain which will prove to be a good rental income generator. The reason we are getting this at such a good price is a) the market crash of 2008 and b) because the owner recently lost her hubby so she just wants to off load the place quickly.
IP7 will likely have approx. 7 shares.
Syndicate members and immediate family are permitted to use syndicate property for personal reasons i.e. short vacations (1-4wks) when they are not under rental assuming they are fit for habitation and furnished. Any exceptions to the rule will be considered on a case by case basis. The rental due for these short periods will be subject to a 50% discount. The property must be left clean and tidy after use. If a member wants to rent a property full time then they would receive a rental discount equivalent to the % share they have in the property+10%.
There are 2 kinds of shares which members acquire in an IP
Direct Investment Shares (DIS) – investment funds provided directly from the member for a share/s in an IP
Rental Income Re-investment Shares (RIRS) – investment funds which come from a members earned rental income
Any rental income earned (less expenses) by a member shareholder is re-invested as Rental Income Re-investment Shares (RIRS) for the member for the first 2 years in subsequent IP/IPs a) to ensure that each member at least has a small share in the next IP/IPs, b) to help with funds provision for subsequent IPs and c) to give time for the property to become operational. After 2 years the investing shareholder member can choose to take their share of the rental income or continue to re-invest it in subsequent IP's which provides a) a greater shareholding and b) a greater return later.
Membership and Registration is via a Syndicate Membership Agreement (SMA) which specifies syndicate policies and the way the syndicate operates as well as protects the rights of all concerned.
Investing members are issued with an IP Equity Share Statement (which stipulates the % shareholding of each investing member) and a set of Equity Share Certificates for each IP they invest in. All members investing in an IP receive a copy of the IP Equity Share Statement (signed, sealed and witnessed) and copies of all the certificates of all investing members for an IP. Along with all the figures associated with an IP investment and purchase. (Including a DIS and RIRS shares breakdown). So each IP investing member can clearly see the full shareholding breakdown of an IP.
Please don't hesitate to CONTACT Tracy the syndicate manager for further information via firstname.lastname@example.org or tel: 07792629441 or +34629462786.
Also visit our website canvas: www.themedsyndicate.com
Documentary evidence of the syndicates operations is available for scrutiny.
Questions or requests for further information are welcomed. Feel free to drop me a line.
We look forward to hearing from you.
The syndicate manager is a retired Chartered Engineer with much experience in real estate portfolio development.
Sourcing of Investment Funds Payment Options:-
or Bank Transfer UK or Spain
Details will be supplied when required.Enter a brief description of your business
To become and investing syndicate member one has to invest a minimum of £1000 in the current Investment Property (currently IP6 1 Bed Apartment with balcony and pool) some 8 mins from the beach and 6 mins from town. A new member can add to their investment in IP6...IP7...IP8 and so on as their investment pot/pocket permits right up until IP completion. Some IP's are acquired on a long completion so any new member may have 6 to 12 months to increase their % share in an IP. Some members source funds in one go and others quarterly.
All member investments made and % shareholdings in an IP are fully receipted with certification and equity share statements issued upon IP completion. Each investing member in a particular IP receives a copy of all the share certificates and the IP equity share statement which clearly depicts which member has what % share of the IP.
This is done via an introduction to existing members and the subsequent signing of a Syndicate Membership Agreement (SMA) which is countersigned and sealed upon receipt.
NN3 9TG & Torrevieja Spain
There are currently no reviews for this company
All fields are required. Your review will appear immediately.