For its newest luxury home fund, Rocksure has partnered with Quintessentially the global concierge and lifestyle company. The Quintessentially Rocksure Platinum Fund plans to buy 5 beautiful houses in 5 destinations with each house valued at between US$3 and 5 Million.
The five locations are Marrakech, the South of France, Mallorca, The Algarve and
Each house will have a minimum of 5 bedrooms and 5 bathrooms, plus a large living room, dining room and study; there will be large terraces for outside dining and for relaxing in the shade with a book: a good-sized swimming pool set in a lovely garden; and maybe a Jacuzzi, games room, sauna, massage room, gym or even a tennis court if space and budget allows.
The houses will be looked after by a manager who is also responsible for providing the concierge service on the ground, and a housekeeper/cook supported by maids as necessitated by the size of the party. The Cook will cater, cook and serve breakfast and either lunch or dinner on six days per week, providing good ‘home cooking’ and regional specialities. If guests want to dine in greater style, a chef can be provided at extra cost if requested in advance.
The fund is selling 37 ownership units in total, each of which entitles owners to an average of 4 weeks stay per year. A full unit is priced at £460,000. Half units are also available for £230,000 and entitle owners to an average of 2 weeks stay per year. As with other Rocksure funds a points system, measured in "Rocksure Pounds", is used to book homes. Each full shareholder will receive Rocksure Pounds equivalent to the value of 1 peak season week, 1 high season week and 2 mid season weeks and shareholders can purchase extra Rocksure Pounds for longer vacations. There is also an annual management and maintenance charge of £12,000 per unit.
‘We are always looking for new and exciting offers for our members and Rocksure, a company that has an impeccable record in this area, have provided us with the perfect opportunity to do this. The Quintessentially Rocksure Platinum Fund not only provides our members and our extended network with a fantastic investment opportunity, it also puts great emphasis on exclusivity, privacy and a fantastic level of service.’ said Aaron Simpson, Founder and Director of Quintessentially.
The funds main stated objectives are the same as for all Rocksure funds (i) to achieve capital appreciation for the investors over the 8-year life of the fund, through careful selection and expert management of the properties, the spread of risk over five different countries and the complete lack of borrowings. (ii) to provide Shareholders with the maximum possible enjoyment of their properties over the 8-year period. Shareholders can also give their weeks to family, friends or clients, who can choose their destination, and can carry weeks forward to the following year.
Rocksure is currently offering twelve “Founder Units” for initial shareholders with an earlybird discount of £30,000 per unit.
This new fund follows the recent launch of the