Fractional ownership in London

Fractional ownership in London

A successful investment option for frequent travellers

 

There’s a new investment option available for those who love London and need to stay in the city for work or leisure purposes.

Buying a home in the English capital entails a costly financial investment and implies the inevitable complications and costs involved in running a second home from afar. Staying in a hotel allows avoiding these problems, but makes even the most frequent visitors feel like they’re never at home. From now on it will be possible to opt for an intermediate solution: by choosing fractional ownership, home buyers will be able to match their ownership time to their actual usage time.

Frequent travellers to London can opt for the 47 Park Street residential club membership and buy a “fraction” of an apartment to use it for at least 21 nights per year. The impeccably-appointed one- and two-bedroom apartments are run like a five-star hotel; therefore, members can enjoy the comforts offered by a luxury hotel while feeling at home.

The Marriot 47 Park Street club was built in 1927 as a private residence for the 1st Baron Milford. It is located at the very heart of Mayfair, within walking distance of Oxford Street and Hyde Park. It has been converted into 49 private, spacious and stylish residences.

The initial prices of a 40-year membership range from 111 thousand to 260 thousand pounds depending on the size of the apartment. The final objective of the 47 Park Street Membership is to make residents feel truly at home while being far from home; indeed, those who travel a lot need spacious and cosy living areas and to find a familiar atmosphere. For these reason, they can leave their personal belongings that will be placed in the residence before their arrival. They will find their family photographs on the side table and their clothes in their wardrobes.

Most members come from Asia, the Middle East, Europe and the United States of America. Only one fifth of the residents are British.

Members who don’t manage to use their apartment for 21 days can lease out their residence to use it as a hotel room or exchange it with a stay in one of the 3,000 hotels and resorts belonging to Marriot Group in 66 different countries. Usually, there’s the opposite problem: the majority of clients want to spend more time in Park Street; consequently, they are given the possibility to buy additional days at a very low cost.

Fractional purchases are becoming very popular and represent a successful investment option. Differently from timesharing it allows purchasing a fraction of the property and not only the right to use it for a certain period of time; therefore, it is easier to re-sell one’s share of ownership or to benefit from the property value increase.

Read also:

-          The revolution of house swapping

-          Home buyers and tenants look for properties with their own washers and dryers

-          Scotland: Real estate market trend in Edinburgh and Leith

Related Insights

  •  
    Fractional ownership in London

    Fractional ownership in London A successful investment option for frequent travellers   There’s a new investment option available for those who love London and need to stay in the city for work or leisure purposes. Buying a home in the English capital entails a costly financial investmen ...

Real Estate Listings

Cod. 43141

For sale 1 Bedroom, England, London, Lewisham, 26 molesworth street

340,490.63USD
For sale
1 Bedroom

3.44 m²
A stylish and modern studio apartment with a rear river view found on the first floor of this recently refurbished building very close to the town cen...
Cod. 38530

For sale Business, England, London, Islington, 95 seven sisters road

7,566.46USD
For sale
Business

4 m²
Commercial activity for sale in The junction market (95 seven sisters road). The business has been open since last October and for personal reasons we...
Cod. 35711

For sale 3 Bedrooms, England, London, London City, 147 Weavers way

566,223.30USD
For sale
3 Bedrooms

50 m²
Weavers Way: a very quiet and safe place, in the heart of Camden and only moments from King Cross and St. Pancras stations, from the tube station, th...
Cod. 33082

For sale Bar/Restaurant/Nightclub, England, London, Islington, 50 Cressida Road

32,157.45USD
For sale
Bar/Restaurant/Nightclub

43 m²
A1 class small cafe in the heart of Archway is up for a quick sale due to personal reasons. A lovely little start up business up and running and fu...
Cod. 27085

For sale 2 Bedrooms, England, London, London City, Broadmead

239,249.92USD
For sale
2 Bedrooms

50 m²
Duplex apartment in a detached house with independent entry, has two levels and estimate 50 square meters. Entry is on living room, kitchen, interna...
Cod. 25883

For sale Farm, England, London, Kinsington, tysons

319,072.00USD
For sale
Farm

11000 m²
Cottage, furnished, 11000 meters with fruit trees, beautiful views, very quiet, good weather in the Canary Islands
Cod. 23606

For sale Bar/Restaurant/Nightclub, England, London, London City, Camden Road

23,795.20USD
For sale
Bar/Restaurant/Nightclub

187 m²
We sell license for a seafood restaurant in London England, Camden Town area. All licenses and permits required by the common rule. Local 187m ², reno...
Cod. 18397

For sale Bar/Restaurant/Nightclub, England, London, Kennington, 63 Sancroft street

74,403.51USD
For sale
Bar/Restaurant/Nightclub

1000 m²
Well established Pub lease in central London (Kennington) for sale. The pub is partly tied, has late night license, two separated area downsatirs, gar...
UNAVAILABLE
Cod. 13986

For sale 3 Bedrooms, England, London, Islington, Archway at the base of Highgate Hill

648,960.00USD
For sale
3 Bedrooms

80 m²
Apartment in London. Professor of Anglo-Italian intends to sell or consider trade with apartment in the city 'Italian.
UNAVAILABLE
2005-2024 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB