Feb 14 2012
With Its Own Personal Beach, Thirteen Bars And Trattorias, 3 Pools And An In Depth Sports Club, Dubrovnik Sun Gardens Is Favored By Both Leisure And Business Travellers Alike.
The Registry Collection and iO Adria Limited today confirmed the affiliation of Dubrovnik Sun Gardens to the world’s leading fractional exchange network.
Dubrovnik Sun Gardens is located on Croatia’s Adriatic coast near the village of Oraac, 20 minutes from Old City Dubrovnik.
The resort features The Spa by OCCO, which latterly won the prestigious Spa Traveller Awards for ‘Best Global New Spa’.
With its own personal beach, 13 bars and restaurants, 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 at least 9 hundred delegates. A 201-room contemporary Radisson Blu hotel is also featured on the resort complex.
It’s the whole-ownership part of Dubrovnik Sun Gardens that has affiliated to The Registry Collection. This development comprises 207 residences boasting garden perspectives and coastal vistas, provoked by internationally-recognised interior designers Hirsch Bedner & Associates and fitted out with modern appliances and generous indoor and outside living spaces.
The 1st twenty-five units have now been released for sale, from one to three bedroom in size and at costs starting from 170,000 (£149,000) to 555,000 (£488,000).
Mortgages of nearly sixty percent LTV are available with Erste Bank on a 15-year term at a fixed 6.6 percent rate which, coupled with peak season occupancy rates of 95 percent and rental returns of 4 percent, are probably going to make purchases as popular with speculators as those having dreams about a holiday home in the sunshine.
Now in its 3rd year of operation, Dubrovnik Sun Gardens is quickly 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 Southern Europe at the Overseas Property Pro Awards. Judges on an independent panel of sector figures claimed : “Nobody could argue with the considered planning and total commitment of the developer team concerned in Dubrovnik Sun Gardens.
Dubrovnik Sun Gardens 2 Dubrovnik Sun Gardens signs to The Registry Collection”This really is a well-presented, top quality operation a real flagship development for Croatia. It should do well, and the team behind the scheme obviously knows exactly what it must do to get there.
“This is an excellent case study in the proper way to refresh a sizeable development with verve and quality.”
The vision for Dubrovik Sun Gardens comprises a three-phase development that may bring another five-star, 130 key hotel, and 200 entire possession dwellings 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, recounted : “It was a straightforward decision to work with The Registry Collection.
“One of the most common beef to the purchase of ‘seasonal’ resort real estate is that potential purchasers can infrequently have challenges justifying the serious amount of capital for a purchase they use for only a few weeks a year.
“We see this more and more in today’s economic environment and know from first hand experience, potential purchasers considering investing at Dubrovnik Sun Gardens have asked members of our salesforce whether they can exchange their asset during the year.
“We chose The Registry Collection for this very reason, as we seriously think 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 luxury asset portfolio that’s The Registry Collection, we suspect that this partnership is a key strategic decision and one that will assist us in our sales efforts.”
Matt Holmes, acting head of business development for The Registry Collection in Europe, expounded : “We’re very pleased to welcome Dubrovnik Sun Gardens into The Registry Collection network.
“It is an impressive resort in a fabulous location and will definitely be a tremendous addition to our collection of the very best holiday spots. The resort’s fantastic location in an increasingly popular destination which will get more favored when Croatia joins the EU in July 2013 and excellent on-site comforts are sure to be a big hit with our members”,writes tagza.com.
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