Scottish Golf & Hotel Bond
The Opportunity: Scottish Golf & Hotel Bond provides an opportunity for investors to gain a fixed return of 8% per annum (paid quarterly) until April 2019 secured on the Company’s assets including the Whitekirk Golf & Country Club. The property comprises an existing 18-hole golf course and leisure club which the Company has operated since 2000. In the meantime detailed planning consent has been obtained for the construction of a 100-room hotel, expansion of the existing clubhouse and amendments to the course layout.
Location: The hotel will be just 26 miles east of Edinburgh, one of the UK’s leading tourist destinations (second only the London).Scotland’s Golf Coast includes world renowned courses such as Muirfield, the oldest golf club in history and run by the Honorary Company of Edinburgh Golfers, which has played host to the Open Championship on 16 occasions, as well as Gullane and Royal Musselburgh and is currently poorly served by the existing quality of hotels and lack of hotels rooms (the area has only one large 82 bedroom hotel).
Scottish tourism: Barclays Bank’s Tourism Dynamics Report states that visitors to Scotland are predicted to increase by 40% by 2017, while total tourist expenditure in Scotland is set to rise 28% to nearly £15.4bn by 2017. According to BDO’s Hotel Britain 2015 report, Scotland experienced the UK’s highest annual growth rate in airport passenger numbers with strong growth reported by both Glasgow and Edinburgh. Edinburgh Airport surpassed the ten million mark in 2014 due to the addition of new long haul routes.
The team: The Company’s directors include experienced developers and hotel operators who currently run the stunning Barony Castle hotel www.baronycastle.com
The Scottish Golf & Hotel Bond is arranged by FCA-authorised Real Estate Associates Ltd.
So far this year we have seen a series of reports providing positive news for the Scottish tourism market with obvious benefits for the Scottish Golf & Hotel Bond. I list below limited highlights from a variety of reports to give you some background. Basically Scotland and Edinburgh in particular is doing particularly well with all leading indicators showing positive signs.
Clearly good news for our hotel development just 23 miles from Edinburgh!
Golf Coast plc.
Interest: 8% per annum, payable quarterly in arrears.
Minimum Subscription: £10,000 and then in increments of £1,000.
Repayment: The principal of each Bond will be repayable on 5th April 2019.
Purpose: To provide investment and working capital to the Company principally in respect of the proposed hotel and academy development at Whitekirk Golf & Country Club.
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