With Its Own Non-Public Beach, Thirteen Bars And Restaurants, Three Pools And An Intensive Sports Club, Dubrovnik Sun Gardens Is Favored By Both Leisure And Business Visitors Alike.
The Registry Collection and iO Adria Limited confirmed today the connection of Dubrovnik Sun Gardens to the world’s number one fractional exchange network.
Dubrovnik Sun Gardens is located on Croatia’s Adriatic coast close to the town of Oraac, 20 minutes from Old City Dubrovnik.
The resort features The Spa by OCCO, which recently won the celebrated Spa Visitor Awards for ‘Best World New Spa’.
With its own non-public beach, 13 bars and bistros, three pools and an intensive sports club, Dubrovnik Sun Gardens is favored by both leisure and business visitors alike.
The resort also offers some of the largest and most flexible meeting spaces in Croatia, with capacity for as much as nine hundred representatives. A 201-room contemporary Radisson Blu hotel is also featured on the resort complicated.
It is the whole-ownership component of Dubrovnik Sun Gardens which has associated to The Registry Collection. This development comprises 207 places boasting garden views and coastal vistas, inspired by internationally-recognised interior designers Hirsch Bedner & Associates and equipped with modern appliances and generous indoor and outdoor living spaces.
The 1st 25 units have now been released for sale, from 1 to 3 bedroom in size and at prices starting from 170,000 (£149,000) to 555,000 (£488,000).
Mortgages of nearly 60 % LTV are available with Erste Bank on a 15-year term at a fixed 6.6 % rate which, coupled with top season occupancy rates of 95 per cent and rental returns of four %, are likely to make purchases as favored by speculators as those dreaming about a holiday home in the sunshine.
Now in its 3rd year of operation, Dubrovnik Sun Gardens is fast becoming recognised as one of Croatia’s premier resorts and outperforming the Dubrovnik five-star market.
Late last year the resort was crowned Best Developer in South Europe at the Foreign Property Professional Awards. Judges on an independent panel of sector figures claimed : “Nobody might argue with the careful planning and total commitment of the developer team involved in Dubrovnik Sun Gardens.
Dubrovnik Sun Gardens two Dubrovnik Sun Gardens signs to The Registry Collection”This truly is a well-presented, top quality operation a true flagship development for Croatia. It should do well, and the team behind the scheme obviously knows exactly what it has to do to get there.
“This is an excellent real-world example in the proper way to refresh a large-scale development with verve and quality.”
The vision for Dubrovik Sun Gardens comprises a three-phase development that will bring another five-star, 130 key hotel, and 2 hundred entire ownership houses to the complex. As members of The Registry Collection owners can exchange to more than 180 luxury properties around the world.
Julian Houchin, Commercial Director for iO Adria Limited, said : “It was an easy call to work with The Registry Collection.
“One of the most common challenges to the purchase of ‘seasonal’ resort property is that prospective customers can often have challenges justifying the significant quantity of capital for a purchase they use for just a couple of weeks a year.
“We see this more and more in the present day’s economic environment and know from direct experience, potential buyers considering investing at Dubrovnik Sun Gardens have asked members of our sales team whether or not they can exchange their asset during the year.
“We chose The Registry Collection for this very reason, as we seriously believe that backers today have an interest in leveraging their asset to get a bit more out of their investment.
“Given the quality and diverse nature of Dubrovnik Sun Gardens and the luxurious asset portfolio that is The Registry Collection, we believe that this partnership is a key strategic call and one that can help us in our sales efforts.”
Matt Holmes, acting head of business development for The Registry Collection in Europe, said : “We’re extremely thrilled to welcome Dubrovnik Sun Gardens into The Registry Collection network.
“It is a majestic resort in an excellent location and should be an amazing addition to our collection of the very best vacation destinations. The resort’s amazing location in a seriously popular destination which should get more favored when Croatia joins the ECU in July 2013 and glorious on-site comforts are sure to be a major hit with our members”,writes tagza.com.
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