Property For Sale in the North East

The Location

The 5 Star Flaxby Country Club is set in the heart of the affluent Golden Triangle of York, Harrogate and Leeds. Located in the tranquil haven of North Yorkshire’s undulating countryside it is the perfect retreat to relax, play sport or explore the wealth of local attractions.

Being only minutes from the A1(M) it is surprisingly accessible from all over the UK and with Leeds International Airport only 15 miles away it is open for visitors from further a field.


The Hotel

The Flaxby Country Club is set to become an iconic landmark of the North East. The brief was simple, to create the finest hotel and country club and the last word in the travel leisure industry and the service levels of Park Lane hotels. That is precisely what has been created.

Offering unparalleled levels of luxury and state of the art facilities for those fortunate enough to stay there. Nestled in 283 acres of beautiful countryside The Flaxby is a haven of luxury and surely set to be a household name of the future.

303 luxury rooms and suites

27 hole golf course

3 restaurants

2 bars

4 helipads

Luxury golf club house

Spa

State of the art conference facilities

450 car parking spaces

24 hour driving range

Nature trail through the 283 acre site

Completion Spring 2011



The Finer Details

The Flaxby will offer everything you could expect from a luxury hotel and more.

A range of rooms from deluxe doubles to 1250 sq ft Presidential Suites.

Gate house for advanced check-in.

Reception with priority check-in desk.

Concierge Desk.

Lobby Bar and Coffee Shop.

À La Carte / Bistro / Breakfast Restaurant.

Private Dining with medieval style banquet

dining facilities for up to 30.

Hotel Bar with 250 capacity.

Children’s nursery with qualified staff.

Children's chill-out area for older children.

Late residents bar.

Sports Bar.

Cigar Room/Library.

Hotel operated retail unit.

Boutique retail outlets (high end fashion/jewellery).

Indoor swimming pool with luxury changing facilities.

Private suites including hot tubs, saunas etc. available by the hour.

Squash Courts.

Spa Complex (Champneys, E'Spa or equivalent)

Health Club with state of the art equipment.

Conference facilities catering for all events from weddings to small meetings.

Limousine transfers available.

4 Helipads.

27 hole golf course with tournament standard club house and facilities.

The Investment

The Flaxby is offering you the opportunity to invest in its future success and is offering the chance to buy rooms in the development. The concept of buying hotel rooms as an investment originated in the USA and has recently enjoyed unprecedented success in London.

Instead of buying a traditional buy to let property in the UK or abroad buying a hotel room proves both profitable and a hassle free investment. The Flaxby is offering a guaranteed 7.5% return from your investment for 8 years after which you will receive 50% of the revenue generated less, of course, some running costs. Furthermore The Flaxby will guarantee to either buy back or re-sell your room at any time if you need to release your equity.

Owning a hotel room differs from a traditional property investment in many ways, all of
which add up to create a much easier investment. There are no void periods like
you would find in some rental properties, there are no maintenance issues, and for
the first 8 years there are no costs at all so you receive the full 7.5% return.


Payment Plan:

Price (Junior Suite - 450 sq ft): £133,000

Reservation: £1500

Exchange: 20%

Completion: Balance

Mortgages are available up to 85% of the purchase price of the property on completion.

The developer is offering free legal fees up to £1000 on selected properties

Key Benefits

- Low Entry Cost (20% Deposit)

- 85% Mortgages Available on completion (subject to status)

- 8 Year Guaranteed return of 7.5% per annum

- Excellent capital appreciation

- 50% of net room rental (year 9 onwards)

- Fully furnished

- Receive rental income without tax deduction as rooms as SIPPS compliable (subject to status)

- No maintenance costs

- No agency fees

- No service charge for 8 years

- No local council/municipality fees

- Priority owners membership


THE FLAXBY OWNERS PRIORITY CARD

Each of the 303 room owners at Country Club will receive a Flaxby Owners Card which will entitle them to both fiscal and preferential incentives including the following:

- Complimentary Room upgrade (subject to availability)

- Up to 10% discounts on spa treatments

- Up to 10% discount on Golf Activities

- Incentives at Restaurants

- Priority access to The Flaxby Champagne Bar in York

- Invitations to owners’ specific events

- Access to the owners’ lounge

- Exclusive offers from our partners

- An invitation to the official opening celebrations

Frequently Asked Questions

Q. How does the Guaranteed buy back work?

A. There is a call option in the lease which allows you as the client to sell the property back to us for the purchase price at any time during the 8 year guarantee should you need to cash in your investment.

Q. How does the guaranteed return work?

A. This works as a lease back by the hotel management company that will pay 7.5% of the contract price per annum. This will be paid monthly into an allocated bank account in 12 equal instalments per year.

Q. Can I use my room in the hotel?

A. No this is an investment and the leaseback hands the property back to the hotel management company for 8 years. However you are welcome to stay as a guest and as an owner you will qualify for a Platinum Priority card
which will offer discounts and offers on hotel rates, spa facilities etc.

Q. What happens after the 8 year guarantee?

A. After the 8 years the property reverts to a more standard lease where you are able to offer the room for sale on the open market. In terms of the return you would receive 50% of the rate that your room generates.

Q. What financing options are available to us?

A. As with any purchase this is something that should be investigated yourself as everyone’s circumstances are different. However a variety of options including commercial mortgages, remortgaging of existing property and cash are possible alternatives. We can direct you to professionals on all of these matters.

Q. Is my deposit secure prior to completion?

A. Your exchange deposit is secured as part of the Premier Guarantee Certificate that also provides a 10 year warranty.

Q. Who do I use as a solicitor?

A. You are welcome to use your own solicitor but we will be appointing a panel to choose from who are familiar with the project. Graham and Rosen Solicitors an experienced firm in the hotel investment #eld we have agreed to appoint them as our recommended solicitor for the purchasers at The Flaxby. As part of our purchase package

The Skelwith Group are paying the £1000 fee charged by Graham and Rosen for their services. The appointed legal representative within the firm is Sheena Taylor who confirmed “The legal documents have been thoroughly vetted by us on behalf of prospective investors, who are buying a guaranteed return backed by a registered title to their hotel room”. Sheena can be contact on 01482 622737 or via email on skt@graham-rosen.co.uk .Sheena has worked with two other large developments of a similar nature and is happy to discuss the legal elements with you.

Q. Are there any VAT implications on the purchases?

A. Yes all prices are subject to VAT but this VAT is reclaimable on completion. Skelwith Leisure will meet the cost and organise for each purchaser to be registered for VAT if they are not already and then reclaim the vat for them using the Skelwith accountants. Therefore for example on a room priced at £100,000 (as an example) the actual price would be £100,000 plus VAT which is £117,500 - However £17,500 will be reclaimed at completion. As the VAT is a temporary payment all calculations will be made based on the net figure. I.e The 10% deposit would be on the £100,000 and the 7.5% will also be based on the £100,000.