DC4MS

Although this is not a true Destination Club, it is close enough that it may interest readers.

Rocksure Property is a property investment fund that promises shareholders: "A House for all Seasons"

"A House for All Seasons" is a program where a small number of like-minded people buy a share of a company which owns six splendid, well staffed properties (average value £1 Million) in six glamorous destinations around the world which combine to offer a choice of spring, summer, autumn and winter sunshine, plus top-class skiing and golf.

It is very important to note that the investors have full ownership of all the properties, and that Rocksure Property does literally all the work; buying, renovating, furnishing, staffing and maintaining. There's no need for the Owners to do anything other than to write a cheque for a fraction of the cost of a house of their own...and to start planning their holidays in six of the worlds' most glamorous destinations.

Owners are entitled to an average of 4 weeks rent-free each year at their houses (those wanting more can buy a second Unit of investment) with no expenses to pay at the properties except for food and drink and any additional staff required. Note: it is possible to ask Rocksure to rent out some or all of your weeks in order to obtain a yearly dividend.

The Rocksure Property Alpha Fund closed in July 2007 with more than £5.7 million in subscriptions. A new Fund is now open for investment. October saw the launch of The Bravo Fund, Rocksure’s second property portfolio where a share in the action which includes properties in Brazil, Thailand, Morocco the Rocky mountains, the Algarve and the Adriatic coast — will involve an investment of £189,000.

Unlike most fractional property schemes, where you buy part of the deeds to a single property, the idea behind Rocksure is that you invest in up to six properties around the globe in one fell swoop — which is how the fund delivers its year-round sunshine guarantee.

Founders David Rogers and Desmond Patrick-Smith previously worked for luxury tour operator Abercrombie & Kent, so you can rest assured that property selection has been managed with a discerning eye, while locations have been chosen for their investment potential.

Casting your investment net over several territories, meanwhile, dramatically minimizes your risk.

If shareholders don’t wish to use up their full entitlement of weeks in any one year, they can rent their allocated days out through the fund’s rental arm – which makes it helpful that also high on the agenda for property selection is access to world class golf and skiing.

Forty investors will be asked to join the Bravo Fund.

For more information follow this link

Rocksure Property - A House for All Seasons - Unique Overseas Property Investment

Kagehitokiri

only $380K/$3600 ? (for 4 weeks. free space available?)

kind of confused re alpha/bravo, and what the member ratio is..

DC4MS

With the weakness in the USD...overseas clubs seem more expensive that the US clubs.

I wonder how many foreigners are joining US based clubs?

Kagehitokiri

Rocksure Property Bravo Fund - Own 6 Worldwide Homes - SherpaReport

ah, more info there