Category: Real Estate: Condo, Apartment for SALE
Location: Chiang Mai, Chiang Mai
Posted by: Tracy
Phone: [Only for registered users]
Posted on: Jul 26th 2018 (expires in -1 days )
Price: THB 1,000
Dan About Thailand Link:
Note: The classified Ad price specified is the minimum amount of investment (£1000) required in the current Investment Property/Properties (IP) to become a new syndicate member. The actual amount over and above the minimum a new investor member wishes or is able to invest in an IP is basically up to them!
4-6% Return on Investment Per Annum, Equity Share Value Growth and Membership IP Personal Usage Benefit Discounts
See potential average rental income earnings table below.
Members can get access to part or all of their investment in an IP after a period of 2 years by selling it to other members at current value
- Retaining a share (minimum 1%) in an IP or in each IP you have invested in enables you to retain syndicate membership, thus able to invest in future IP's
- By retaining a minimum of 1% in an IP you will continue to receive rental income for the retained share.
There is no share availability in IP1 to IP6 and are now fully owned by combinations of existing investor members.
There is approximately 35% availability in IP7 2 bed with pool 15m up the corridor, 8 mins to beach and marina and 100% available in IP8 & IP9. Be timely if you wish to secure a share of IP7
See down below the verifiable statements made by syndicate members on what they think about the syndicate and its operating model.
New Members Welcome!! Only 3 / 4 membership places remaining under current syndicate policy! So why not inquire today, you might just like what you discover. The syndicate now has 8 members (2 females & 6 males, 1 pending) having added three new members in the last 9 months and is aiming to increase its membership to 12 in 2019. Interested potential new investor members will be able to connect with existing members prior to membership registration (signing of the Syndicate Membership Agreement - SMA) and transfer of any initial investment funds. A recent new member (TMS07) just prior to her registration after reviewing syndicate documentation and liaising with existing members said in her own words "I'm happy with everything". She has now already invested in shares in IP5, IP6 and has committed to invest in IP7. Our latest new member TMS08 has already invested in IP5, IP6 and IP7, having taken a 25% share in IP6. Note: that there are no membership subscription fees and the Syndicate Manager, himself an investing member takes no salary or income whatsoever from the syndicate member investment funds! All monies invested by members go directly in to IP purchases on behalf of the investing membership. We operate a purchasing model which enables us to keep all costs down to a minimum.
Wouldn't you like to be part of an exciting mutually beneficial syndicate ad/venture whilst building a personal portfolio of FREEHOLD ownership shares in Spanish Costa property and realise steady equity growth and rental income returns proportional to the % share you have in a/each Investment Property (IP)? And also enjoy 50% discounted IP personal usage benefits. Then join The Med Syndicate and become one of the team. (www.themedsyndicate.com). Contact details are also at the foot of this description.
So why are investors large and small taking up Med Syndicate membership?
Because they see the opportunity as one or more of the following:-
- a savings scheme due to poor interest rates in the UK
- a cost effective holiday options (different IP's in different locations)
- a medium to long term investment
- an investment where every penny submitted is exactly what is invested
- an income generator with the option to reinvest that income in subsequent IP's
- as part of a larger portfolio to spread risk
- a bit of a gamble that might just reap rewards
- a new exciting project they can watch grow and benefit from
- a project whereby one can spread the risk across many IP’s (Performance Balancing)
- a project with free membership and no investment fees
- syndicate exists solely for the benefit of the membership
- syndicate members are a team supporting each other to achieve a shared Goal
- a new and interesting IP purchasing model which caters for all investors & sellers
- a positive property market at the base of a projected steady 10 year growth curve
New Investing Member Free % Bonus Share Incentive:
(Only applies to new members and for a limited time only - minimum new member initial investment is £1000 per IP and the maximum is a 49% share of an IP)
1. Investing in over 9% of an IP Apartment qualifies you for a 0.5% free share of the current IP/s for new investing members!! So if you joined the syndicate and initially invested in a 9.5% ownership share of an apartment you would have a 10% share of that IP Apartment!!
2. Investing in over 19.9% of an IP Apartment qualifies you for a 1.0% free share of the current IP/s for new investing members!! So if you joined the syndicate and initially invested in a 19.9%+ ownership share of an apartment you would have +1% bonus share in that IP Apartment. So if you took a 20% investment share in an IP your ownership share would be 21%
3. Investing in over 28.4% of an IP Apartment qualifies you for a 1.5% free share of the current IP/s for new investing members!! So if you joined the syndicate and initially invested in a 28.5% ownership share of an apartment you would have +1.5% bonus share in that IP Apartment. So if you took a 28.5% investment share in an IP your ownership share would be 30%
4. Investing in over 39.9% of an IP Apartment qualifies you for a 2% free bonus share of the current IP/s for new investing members!! So if y joined the syndicate and initially invested in a 39.9%+ ownership share of an IP apartment you would have +2% bonus share in that IP Apartment. So if you took a 40% investment share in an IP your ownership share would be 42%.
Current IP's with ownership shares available:
Note: There are no ownership shares available in IP's1 to 6 which are already owned by existing members. Apart from IP3 & IP4 which are plots of mountain view land very close to Pinoso. The syndicate will be adding a Villa & Pool to IP3 and shortly planning permission will be applied for. Any investment into IP3 Planning and/or Development will be factored over the 3 phases, Land acquisition (already completed with the initial investment of 5 members), Planning Permission/Build License and Development/Construction. Similarly IP4 will have a chalet/mobile home added to the land. Both will become good rentals.
IP7 2 bed apartment with pool 15m up the corridor - £2800 will get you a 5% share, £5600 will get you a 10% share, £11200 will get you a 20% share, £16800 will get you a 30% share. Only up to 42% remaining available in IP7 2 bed as of this item listing date.
Images and videos will be supplied of the IP's you would be investing in.
IP8 1, 2 or 3 bed apartment or town house 7-8 full shares available - 2019. 100% available as of this item listing date.
Smaller shares are available subject to a minimum initial investment of £1000 per IP which one can add to over the period of long completion.
What is Fractional or Shared Ownership?
Own FREEHOLD Spanish Property on the Med 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 (syndicate members) by pooling investment funds. Unlike timeshare, you and the people you jointly purchase the IP with are the legal owners of the property. And your % share is reflected in the amount you choose to invest in an IP. 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 by a group of friends and professional associates in June 2015 with plans to run initially for 10 years, at which time a vote will be taken by the membership 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. After which time there would be a further vote taken. There are many potential small investors who are not able to purchase a property in the med sun of their own outright but can now do so jointly with other like-minded small investors via the Med Syndicate. A simple low cost example of an IP purchase would be as follows:-
An IP Apartment purchase with all in costs including legals and taxes = £50000
5 members opt to invest in the IP
1 member invests £20000 which results in a 40% share of the apartment
2 members Invest £10000 each which results in a 20% share each of the apartment
1 member invests £8000 which results in a 16% share of the apartment
1 member invests £2000 which results in a 4% share of the apartment
Rental income returns are proportional to the % share a member has of an IP apartment.
So, if the rental income earned in one year was £5000 the member with a 20% share would be entitled to £1250 of the rental income generated. Whilst they watch their share of equity grow in value and particularly now because the Spanish Property Market is at the base of a projected steady 10+ year growth curve!
Members can choose to sell any shares they have in an IP after a period of 2 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.
The typical cost of 1 full share in an IP is between £6000-£10000. The minimum investment required to take up membership is £1000 per IP which would be an investment in the current IP/s. Multiple shares are available in an IP up to a maximum share of 49.5%. Half of a full share and smaller shares may also be available upon request subject in an to a minimum of £1000 per new member. Members are able to top up their investments periodically (month by month, quarter by quarter etc) if this better supports their investment funds mustering process. e.g. in sums of £2000, £1000, £500 or £300 etc. Whatever the new member can muster to add to their investment. And one of the purchasing models we use (long completions) support this funding model. All funds invested/transferred are fully receipted!
The Med Syndicate now has 8 members (2 Female & 6 Male) with 1 pending, the latest member as of September 2019 is a retired Company Director. The syndicate is looking to expand its membership initially to a maximum of 12 as per syndicate policy to give the syndicate more purchasing power so it is able to acquire more and better IP's sooner, thus realise greater equity growth and rental income returns sooner.
All funds sourced for the next IP by investor members go directly into the purchase pot for that IP. There are no fees or any salary paid to anyone in or outside of the syndicate associated with the acquisition of IP's! I the Syndicate Manager & Founder and investor member run the syndicate in the interest of the membership in helping all to mutually benefit from our ad/venture. It's interesting and challenging to see where we can take the syndicate and I enjoy bringing benefit to others and it also keeps me busy!
The syndicate currently has 8 members and their verifiable statements below convey what they think about The Med Syndicate (new investors will be able to verify these testaments with members prior to membership registration):-
Syndicate Manager - Retired Chartered Engineer - based in Northampton & Torrevieja Spain – 'The syndicate has introduced a new (low running cost, every member penny invested goes into acquisitions) IP purchasing model to the Mediterranean which is starting to get the attention of some sellers, agents & other syndicate conveyance contacts. The syndicate model is proving mutually beneficial to all sides (depending on their circumstances and requirements) and particularly to its investor members who wouldn’t ordinarily be able to own their own IP's outright but can now own shares of and realize rental income from those IP’s Not all investors are wealthy and by pooling members investment funds enables the mutually beneficial development of a shared ownership and rental income IP portfolio for members that they can watch grow whilst enjoying additional membership benefits along the way. That which is a dream for so many is now a possibility not so far from their grasp! A share of a dream which generates income with personal usage benefits is an exciting prospect for many, but... You need to be in it to win it!'
A simple perspective: If you were friendly with 10 neighbours on your street and they all had a dream of a place in the sun but none were able to purchase an IP in the sun outright to enjoy and benefit from, yet each of them had savings of £5K upwards sat in the bank earning low interest. The share of that dream could be had by all if they could only syndicate! Which is better? It remains a dream for all or all have a share of the dream and the benefits.
Alarms Systems Engineer - based in Northampton – ‘Med Syndicate works for me, enabling me to invest small amounts just now which I can increase later. The low minimum of £1000 investment in an investment property is a great idea for the smaller investor and for those who want to just get on board so as to not miss out on other benefits. Like the idea that one can add to ones investment in a property as long as there is a share remaining. There are no joining subscription or investment fees and the syndicate is run solely for the benefit of the membership. It also enables one to source funds as and when ones income comes in! Just great. One can also choose to re-invest ones rental income earnings into other investment properties which is a nice option to have. Without the Med Syndicate I would never have been able to get on the Med property share ladder for years, if ever. Excited about the syndicates future and intend to invest what I can when I can. Go for it!!’
Entrepreneur/Property Investor - based in Tunbridge Wells –'Recognizing and utilizing the power of a group of people as opposed to the individual, the Med Syndicate gives anyone the opportunity to invest in the Spanish property market, a viable alternative to a lot of the other options currently available.'
Network & IT Communications Business Owner - based in Cheshire - 'Investing in the Med Syndicate for me was a way of participating in a group venture of like minded people with an endgame of realizing a more satisfactory return on capital than mainstream UK routes, through consensus investing and shared financial commitment we are building up a steady portfolio in a market that is continually predicted to grow and grow.'
Medical Business Owner - based in Northampton -'Investing in the Med Syndicate was very suitable for myself as I was looking for low risk medium to long term returns. The syndicate offered me the opportunity to spread risk over several property types in different locations. Grouping together with like-minded property investors proved to be a very logical way to generate longer term income without the downside of investing alone.
Service Manager - based in Norfolk - 'I wanted a portfolio of investments for my children’s future, getting on board the Med Syndicate property train, gives investors a way to grow a portfolio of quality properties they may not have achieved on their own. The syndicate is run by supporting each other to achieve a mutual investment goal. In today’s low interested rate world, it’s a great way to earn a higher return for your money with a group of friends.'
Administrator - based in Leicestershire - 'I have always had a passion for property development and now I’m on board the Med Syndicate, I’m on the Med property ladder, investing in properties varying in size and locations, in the sun! In the beginning I was skeptical, but I thought if a family member or a close friend came to me with this idea, I would jump at this shared ownership opportunity. I couldn’t possibly build up a portfolio like this alone. I also thought what a great way to earn a higher return on my money, and for me, far more interesting than investing in stocks and shares. It’s far more personal. I can see the IP’s, see stages of the renovation or completion process, and be involved with helping choose what’s required to make the IP’s ready for renting out. I can even choose to have a holiday in one of them if I want to'.
Retired Director - based in Derbyshire - ‘The Med Syndicate fits my requirements on many levels as it allows the potential of a decent return on investment plus a percentage of rental income without having to be totally hands on. In these times of poor interest rates it’s a definite win win in my book’.
And here is a most recent verifiable comment from an outside investor: 'I think you are doing a good project and are a genuine group of people'
The property market in Spain is now recovering and is at the base of a projected steady 10 year+ growth curve following 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 Torrevieja in Jan 2016 for 55000 euros for only half the price the apartment was in 2007 (110,000 euros). The same apartment next door was on the market for 117,000 in 2007 also. See attached IP1 Valuation at the time of purchase.
All inquiries are welcome and potential new members are introduced to existing syndicate members prior to registration and transfer of initial investment share funds as a means of establishing confidence in the syndicate’s operations to date. Contact details of existing members will be supplied to anyone who is serious about becoming an investing syndicate member.
The IP's acquired to date by syndicate members are as follows:-
IP1 is a 3 bed apartment only 500m to the beach located in Torrevieja some 5 mins walk into town and close to all amenities.
- It is owned by 4 syndicate members and currently under long term rental
IP2 is a 1 bed Andalucian finca/cottage located in a hillside town near Granada.
- It is owned by 5 syndicate members
IP3 is a 5000+ sqm plot of build rights land close to Pinoso and only 45km from Alicante. The intention is to add a Villa and pool to the land sometime in the future.
- It is owned by 5 syndicate members.
IP4 is a 2000+ sqm plot of land which slightly borders IP3 and close to Pinoso and only 45km from Alicante. The inteion is to add a mobile home/chalet to the land sometime in the future.
- It is owned by 5 syndicate members.
IP5 is a 3 bed open plan apartment over looking a plaza in Rojales approx. 4 miles to the beach. Properties rent well here and for longer term. This will be popular with potential tenants/renters.
- It is owned by 8 syndicate members.
IP6 is a 1 bed apartment with a good balcony which overlooks the pool some 20m away. It is located in Torrevieja next to the Park of Nations and is only 8 mins walk to the beach and 6 mins walk into town. This will be a good rental income generator.
- It will be owned once completion is finalised by approx. 6-7 syndicate members.
IP7 is a 2 bed apartment with a pool 15m up the corridor. It is also located in Torrevieja next to the Park of Nations and is only 8 mins walk to the beach and 6 mins walk into town. This will be a good rental income generator.
- It will be owned once completion is finalised by approx. 6-8 syndicate members.
IP7 is a 2 bed 60sqm Torrevieja apartment with a pool some 15m up the corridor. The apartment is also located across the road from the popular Park of Nations (the building almost next door to IP6) and is only 8 mins walk to the beach and marina, and 6 mins into town. We are purchasing this apartment for less than the apartments overall purchase costs of June 2006. IP7 will have 6 to 8 sharing members of varying % ownership.
'According to Place in the Sun Torrevieja is the No. 1 Spot in Spain for buyers!' Copy Link to browser: https://www.aplaceinthesun.com/articles/2019/01/top-10-best-places-to-buy-a-property-abroad-in-2019?eid=AQ9121752944825720829410766353514
Member Use of IP's
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 as specified in section 17 of the SMA. 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%. Again this is specified in section 17 of the SMA.
There are 2 kinds of shares which members acquire in an IP
1. Direct Investment Shares (DIS) – investment funds provided directly from the member for a share/s in an IP
2. Rental Income Re-investment Shares (RIRS) – investment funds which come from a member earned rental income
A member can choose to reinvest their rental income earned (less expenses) as Rental Income Re-investment Shares (RIRS) in subsequent IP/IPs or take their rental income annually.
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 in an IP) 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 independently 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.
Note: Smaller investments subject to a minimum of £1000 are also welcome which as referred to earlier can be topped up later subject to remaining share availability up until an IP goes operational.
Please don't hesitate to CONTACT Tracy (a Mr) the syndicate manager for further information via [email protected] or tel: 07792629441 or +34629462786.
Also visit our website canvas: www.themedsyndicate.com Note: A fully functional website will soon be developed which will promote the IP acquisitions pipeline and permit online membership registration and receipt of new member investment funds etc, as well as advertise the syndicates portfolio of IP's for rent with calendar, booking and payment system. It will also be able to capture guest and investor member reviews and provide other useful sources of information.
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. You might be exited and encouraged by the opportunities our syndicate is exploiting!
We look forward to hearing from you. Don't be shy and let this opportunity pass you by. At least inquire more before deciding to dismiss our venture as being not for you.
The syndicate manager is a retired Chartered Engineer with much experience in real estate portfolio development.
We regard the Med Syndicate and its members as a team supporting each other to achieve a mutually beneficial goal which is "The Successful Development of a Syndicate Membership Investment Property Portfolio Generating Equity Growth & Rental Income Returns for Members"
Post Membership Registration Sourcing of Investment Funds Payment Options:-
Bank Transfer UK or Spain
Details will be supplied when required and are included in the SMA.