Fractional Ownership News

First fractional real estate in Mozambique dive and sail hotspot

Wilson's Wharf has launched fractional ownership of what it describes as the first ever waterfront units offered for sale on the world’s third largest natural bay, Pemba Bay, in Mozambique. The site, famous for its diving, sailing and fishing is 40 kilometres from the World Heritage Quirimbas National Park in Northern Mozambique, which comprises 32 islands spread over a 300 square kilometre area.

The developer is selling four-week fractions, which the buyer can use themselves, lend to family and friends, rent themselves or place in the Wilson's Wharf rental pool.

“As there are 11 peak weeks per annum, there are only two years out of 13 that each syndicate member will not get a peak week. Because the calendar allocation rotates, it is fair for every member, each enjoying an equal allocation. A timetable is available to identify the 4 weeks allocated per annum to each syndicate. The weeks are identified based on a timeshare calendar, driven by the Gauteng Government school holidays. This calendar is always available at least 12 months in advance to facilitate good planning. The Wilson’s Wharf Syndication offering is benchmarked on the Legacy Hotels and Resorts International model,” says the company.

The following are included in a fractionalised watefront unit:
• Waterfront Apartment : 2 bedroom, 1 bathroom (main-en-suite) house of 100 m² + balconies of 21 m² (The bedrooms will be furnished to sleep 2 persons each, with a sleeper couch in the living room = 6 people)
• Use of a Yacht – 36ft – 40ft Catamaran of late model similar to Maxim 380 or Leopard 38, accommodating 8 adults, with all cruising equipment and Skipper if required. (Skipper subject to additional payment)
• Air conditioning in all bedrooms and living rooms of unit
• Fully furnished and equipped with appliances, cutlery and crockery
• Standby generator for emergencies
• Bedding including two sets of linen, bath towels, swimming towels, dishcloths

wilsonswharf.com/fractional_ownership.htm#fra

13/07/10

Got a Fractional news story? Contact Us.

Your comments

Please enter a valid email address, name and two word security code to post a comment. Your email address will not be published and will be respected by our privacy policy.

If you can't read the word, click here
Enter the security code shown above:
Your Name:
Your E-Mail:
Your Country:
Your Post Code/Zip Code: