Re: Advice Golf Membership Investment
I havent seen the contract yet,
They are getting the planning permission very soon, like late last week or this week. wouldnt have to sign before they get it.
I found out because a person in work is the girlfriend of the son of the dad who is the director.
She is buying two memberships.
There has being some well know investors put there money in (I cant remeber there names)
Its called the Nurney Demedne golf and country club.
It will be a one or two months before they willknowif tiger will be on board.
They are in talks now butI can wait until I know for sure.
Cant find a web link.
Got tis info from them on email
The Nurney Demesne, Golf and Country Club.
Ireland's first Private Members Golf & Country Club is a unique investment opportunity with significant short and long-term returns. Just 50kms to Dublin this new development offers the EARLY investors the possibility of FREE membership in a world class Golf and Country Club and a significant return on their investment.
Attached find the Nurney Demense outline development proposal. If you would like a hard copy, let me know, I’ll be happy to forward you one.
Current Schedule:
·[FONT="] [/FONT]Golf Course Planning Permission in place
·[FONT="] [/FONT]Planning for club house and housing development by 2009.
·[FONT="] [/FONT]Building of the Golf Course to commence early 2007
·[FONT="] [/FONT]Once Golf Course Opens membership fee of €1,000 per annum, planned opening 2010. This fee will also will cover membership of country club
There is a choice of two options for the EARLY investor to secure the possibility of FREE membership and a significant return on their investment.
Option A - you pay €24,000 upfront.
After 5 years you can surrender your membership or stay a member
·[FONT="] [/FONT]If YOU GO, the company will pay back your initial
€24k + €7k….€31,000 A RETURN OF CIRCA 7%
·[FONT="] [/FONT]IF YOU STAY , you keep your membership and when a property, which is assigned to you, from the housing development is sold you receive a further €50k , but you must agree to stay a member for a further 5 years
In summary:
·[FONT="] [/FONT]YOU INVEST €24,000
·[FONT="] [/FONT]YOU RECEIVE €50,000
·[FONT="] [/FONT]YOU MAKE
€26,000 PROFIT PLUS YOU HAVE A CLUB MEMBERSHIP ‘’FREE’’
WORTH €50,000 minimum which you can SELL after further 5 years.
Option B - YOU PAY NOTHING FOR 5 YEARS
You take out a loan for €25,000 from the Permanent TSB in Longford. The company cover your monthly repayments of this loan i.e. you will receive a monthly payment which will equal your loan repayments, to include capital, interest and bank charges for the first 5 years. At the end of 5 years there will be circa €15,000 outstanding on the loan.
After 5 years you can surrender your membership or stay a member.
·[FONT="] [/FONT]IF YOU GO, the Club will pay you €3k and repay the outstanding loan of €15k.
·[FONT="] [/FONT]IF YOU STAY, you will pay €22,000 to keep the membership, the Company will repay the outstanding loan of €15,000, and you will
RECEIVE €25k when the property which is assigned to you from the housing development is sold on condition you agree to stay a member for a further 5 years.
In summary:
·[FONT="] [/FONT]AT END OF YEAR 5 YOU HAVE PAID €NIL
·[FONT="] [/FONT]IN YEAR 6 YOU PAY €22,000
·[FONT="] [/FONT]BUT RECEIVE €25,000
·[FONT="] [/FONT]YOU MAKE
€3,000 PROFIT PLUS YOU HAVE CLUB M'SHIP ‘’FREE’’
WORTH €50,000 minimum which you can SELL after a further 5 years.
You have the opportunity as an early entrant to this investment to make exceptional short and long-term returns.
Membership is limited. This opportunity will not last long so act now to avoid disappointment
.
Both investment options are contractual. Each contract consists of 14 parts, with sections 4, 5 and 6 differing in each. An outline of the contracts is set out below. I would be happy to send to you and discuss the contracts for both options and give you further details on the development
Outline of the Investment Contract
1.[FONT="] [/FONT]the development company will build golf course & facilities, and lease it to Club<limited co.>
2.[FONT="] [/FONT]you buy 1 non-cumulative preference share in the Club
3.[FONT="] [/FONT]you must adhere to terms & conditions of the Club
4.[FONT="] [/FONT]what to do now< two options A and B>
5.[FONT="] [/FONT]what to do in 5 years , to go OR stay
6.[FONT="] [/FONT]options after 3 years for the Club
7.[FONT="] [/FONT]guarantee by the development company that it will guarantee what the Club has proposed
8.[FONT="] [/FONT]your share is saleable through the Club
9.[FONT="] [/FONT]your share can be passed on in your will
10.[FONT="] [/FONT]it is a contract but not a partnership
11.[FONT="] [/FONT]anything illegal within the contract is renegotiable
(Note: This is a normal contract stipulation)
12.[FONT="] [/FONT]notices
13.[FONT="] [/FONT]notices
14.[FONT="] [/FONT]Law of Ireland applies