16 Jul 2009 2:08 PM:
Hi all its Vikki buying on Fairways
At last, ss requested here’s some info from the notes I made when I met Margaret Corley from Royal Peninsula last month. Apologies to Margaret in advance if I misrepresent anything she said. She regularly reads this forum so I’m sure she'll put me straight!
The fees are currently standing at 1100 Euros per year for management fees and about 1000 Euros per year for community fees, (of course all depending on what we decide as a community how much money to spend and what on.)
The plan is to have a RP reception in the retail units underneath Fairways where owners/renters can pick up keys, sort laundry, book stuff etc. Also in these units will be a mini market and perhaps a coffee shop.
The clubhouse is due to open in August and will be available for meals, drinks and has full facilities for golfers including being able to drive your buggy to the door.
There have been approaches made to restaurants, supermarkets and businesses in El Chapparal (this is the village next to the motorway where you come off the ring road at junction 116). The idea would be to set up some kind of liaison for welcome meals/ Spanish evenings and to build up a relationship with local businesses who will benefit from the two way traffic.
The travel companies mentioned were
1 Signature
2 Swiss Israeli (don’t think this is the full name. I didn’t make a note, sorry!)
3 Hotel Club
4 Barrhead
5 Iberian Options
The Swiss Israeli firm is in talks to provide some extra services at the sites. No details yet.
All the snagging will be done by RP on our behalf if we sign up to a rental contract. Margaret suggests that the first 3 months of ownership be treated as a period when details are getting ironed out and that we shouldn’t expect any revenue to be generated in this time. I think that makes sense!
Booking will be allocated on a rota system, taking into account specific requests (for views or positions or floor levels etc) from renters. The idea is that the system will be fluid and flexible. On the variable rental scheme, there will not be a requirement to ‘hand over’ specific weeks in advance to RP or to notify them 12 months in advance about when it wont be available because we will be using it. Rather they will contact us with prospective bookings and price levels for our apartment which we can either accept or decline or try to negotiate. If we are declining the booking (say because we want to go ourselves at that time) the booking will move to the next available apt on the list. They are looking to book out the 2 beds at a premium of 750pw.
Some positive relationships are being forged at the Ski village. The proposal is for a shuttle bus from the site to the ski village and you will be able to buy your ski passes while on the bus. There is a plan for organising lunch/dinner packages and discounts at restaurants in the mountains. Relationships have also been made with the kids club/crèche that already exists there and the ski school.
The furniture package will be different for Fairways as it has a different aspect than Medina 23. No details yet.
The community at Medina 23 is already up and running and Gaspar is the interim president whilst the community gets established.
There will not be a phone in the apartments. There is ongoing discussion about WIFI and what level of Sky/cable might be installed and the feeling is that is it necessary to put this into the club house for the benefit of English speaking guests.
Owners will get discounted green and buggy fees on the golf course, currently being negotiated. Owners wanting to rent another apartment in addition to their own, can expect up to a 30-40% discount on the standard fees charged per week.
As for insurance I don’t know many details but I am assured that Medina 23 has a 2.8 million Euro indemnity policy on it. All hols booked will be through ABTA and ATOL companies. I know this protects the holidaymakers but don’t know if it protects us in any way! Buildings and contents insurance arranged through RP for the purpose of rental will come to about 300 Euros per year.
These are all the notes I made. I hope they provide people with some extra info. Apologies if I’ve noted anything down wrong.
Margaret/Sharon I would be grateful for your comments and if there is anything you can add to this.
Community thread:
Court probes Granada golf complex
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