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Waves Apart-Hotel offers you an extremely rare opportunity to own a waterfront home on Guernsey, Channel Islands. Owners can either purchase a full interest or a 1/6th share (fraction), fully transferable interest via share transfer in one of our suites. Fractional owners enjoy eight weeks of usage annually - two weeks at a time, four times a year. As an owner, you'll also be favoured with our most attentive service, including: what is the vision for waves? Waves Apart Hotel is a combination of an Hotel and Self Catering accommodation that offers concierge service and housekeeping service. This Apart-Hotel is located on Vazon Bay with spectacular views of Guernsey's West Coast and the surrounding area. The property combines traditional architecture with new design, keeping the old world charm of a small boutique hotel and cottage community. What opportunities for ownership are being offered? A limited number of luxuriously appointed studio-, one-, two- , three- and four bedroom suites are available. Each residence features a well appointed kitchen, mostly en-suite shower/bathrooms and a comfortable living/dining area in each configuration. A majority of suites have a commanding sea and country views. What is "fractional ownership"? Your investment is in a 1/6th share of a conveyance (flying freehold) interest in a suite. Each interest is fully transferable. The 1/6th interest allows the owner 8 weeks of usage per year, two weeks in each season. Waves enables owners to maintain the balance between how much leisure travel they desire at a minimum financial commitment to meet those needs. Sole conveyance are available. Is this a "Timeshare Development"? No. Timeshare is the ownership or "right to use" a specific amount of time at a residence. In essence, in timesharing developments, you purchase time. Ownership at Waves carries a specific ownership of a specific residence at the Hotel. What if I do not use all of my 8 weeks? Any unused time by each owner will be put into a rental pool. The management company will market the unused inventory and will oversee the care and maintenance of each individual residence. The management company and the owner will split the revenues 50/50 How are my 8 weeks scheduled? Waves Apart Hotel uses a fixed week rotating schedule that allows each owner 2 weeks of usage, 4 times a year. Each owner will be able to occupy his or her residence 2 weeks in the winter, spring, summer and autumn. This schedule will rotate each year to ensure each owner enjoys a fair and equitable usage pattern. Can I purchase more than one fraction? Yes. How many "fractional ownerships" will be sold? There are 7 suites on release and these can be purchased by way of whole or fractional ownership. Do owners pay annual maintenance fees? Yes. The annual fees pay for the following: common area maintenance, building maintenance, utilities, water, satellite T.V., internet access, waste removal, window cleaning, landscaping, housekeeping fees, accounting and management fees, furniture, fixture and equipment replacement reserve, tax on rateable value and parochial rates, buildings and contents insurance. Do owners pay lodging fees when in residence? No. While in residence, you will receive daily housekeeping service and a full service check-out cleaning after you have departed. Breakfast is also provided. I'M INTERESTED IN WHOLE OWNERSHIP. ARE THERE STRICT CONTROLS ON WHO MAY OCCUPY DWELLINGS ON GUERNSEY? Yes, there are strict controls enforced by the Housing Department under the Housing Control Law. There is NO control over the ownership of property. The following has been extracted from the Housing Department section of the States of Guernsey website: There are two sectors of housing in Guernsey which are known as the "Local Market" Controlled dwellings and "Open Market" dwellings inscribed in the Housing Register. An open market dwelling that is used as a hotel (see definition below) under a valid Boarding Permit issued by the States of Guernsey Tourist Board is inscribed in Part B of the Register. Occupants ALL OTHER OCCUPANTS WILL REQUIRE A HOUSING LICENCE. The terms "hotel" and "tourist" are defined in the Law as follows:- "hotel" means a dwelling, other than a self catering unit, in respect of which there is in force a boarding permit and which, in the opinion of the Authority, is being used for the business of providing sleeping accommodation for reward to tourists in accordance with the provisions of that permit. "tourist" means a person who is present in Guernsey - CAN MY COMPANY PURCHASE AN INTEREST? Absolutely, ownership may suit companies that bring/send consultants to Guernsey on a regular basis saving on hotel expenses. CAN I PURCHASE AN INTEREST WITH BANK BORROWING? Yes, shares can be used as security for borrowing. CAN I PURCHASE AN INTEREST THROUGH A SELF INVESTED PENSION PLAN (SIPP) OR QUALIFYING RECOGNISED OVERSEAS PENSION SCHEME (QROPS)? Yes, to our knowledge, this is possible. DO I HAVE TO PAY ANY TAXES ON THE PURCHASE OF AN INTEREST? No, document duty in Guernsey (similar to stamp duty in the UK) is NOT payable on purchase by share transfer. WHAT ARE THE PURCHASE VALUES OF THE SUITES? WHOLE GBP FRACTIONAL GBP Sark Suite 560,000 94,000 3 bedroom Sea Views Herm Suite 535,000 90,000 3 bedroom Sea Views Jethou Suite 625,000 105,000 4 bedroom Sea Views Brecqhou Suite 410,000 69,000 1 bedroom Sea Views Burhou Suite 460,000 77,000 2 bedroom Sea Views Lisia Suite 250,000 42,000 Studio Sarnia Suite 280,000 47,000 1 bedroom Ownership (provisional document awaiting legal confirmation)
The following are able to occupy a hotel inscribed in Part B without the need of a licence:
(a) for the purposes of a holiday; or
(b) for an aggregate of not more than 10 days in any 30 day period for the purposes of his employment;
but does not include a person who has been physically present in Guernsey for an aggregate of more than 90 days in any twelve month period.
