[andyintheworld]

I have some off-plan properties which are apart hotel units which I thought about offering on a fractional ownership basis.

They are designed as 1 standalone unit divided into 2 studio apartments. they are very well located - absolutely beautiful beach and there is a big rental market there.

Two similar aparthotels next door are full a lot of the time but there are a lot of planning restrictions so its doubtful many more will be built.

They are in the Caribbean - I visited to check how far along they were with construction and it looks very nice so far. Completion is scheduled for February 09.
I just had the same reservations about the British market not being interested in shared ownership.

Since there are two units I was just going to sell them as 50% shares. I spoke to the developer and he was happy enough to go ahead as in essence you would have your own studio. There are no credit facilities - hence the idea to reduce the price by having two owners, purchasing through a company and owning 50% each. They would need to decide who owns which studio, although they are both identical.

Does anyone think this is marketable in the UK though?
Id have to do quite a bit of work setting this up and sorting out the contracts but they look like a good investment with good rental potential in a location where the number of future units is capped.
They are about £60k so would sell 50% for £30k plus any additional legal fees and hopefully attract a larger client base.

Has anyone bought/sold fractional ownership recently in or to the UK market at the 1/4 or 1/2 level of ownership?