Northway Court, Devon, England
is part of the Holiday Property Bond portfolio offering exclusive access to over 1,400 properties to its 42,000 investors across more than 30 locations. You can find out more about
below, but first a brief explanation about the Holiday Property Bond.
A. How can I holiday better?
Invest from £5,000 in the Holiday Property Bond for exclusive access to a portfolio of over 1,400 top quality villas, cottages and apartments in over 30 locations across the UK and Europe. For each £1 invested you will receive one Holiday Point each year which you can use to book the properties. And when staying in them you do not pay a commercial rent, just a no-profit user charge covering actual running, maintenance and refurbishment costs. This charge is level throughout the year so there are no high season premiums. For a studio the charge averages about £315 a week, for a two bedroom property around £480 a week. Larger properties are also available. This no-profit user charge is only payable when you want to go on holiday. Your only ongoing commitment is a quarterly fee of just over £30 – that is around £130 a year.
B. Will there be more properties in the future?
As we attract more investors the more properties we will add to the portfolio – increasing your holiday choice still further.
C. How long can I holiday with HPB?
For life if you wish – the holiday benefits last as long as you hold the Bond. In due course you can pass it and the holiday benefits to your children and grandchildren, as many of our earlier investors have already done. If, however, at some point you and your family no longer wish to holiday with us you can surrender your Bond back to the company after two years or more (subject to deferral in exceptional circumstances). You will not get back the full amount you invested, although we would hope that you will have had some wonderful holidays. What you do get back will reflect initial charges (25%) taken before your money is invested in the HPB fund of holiday properties and securities. The fund itself also pays annual charges of around 2.5% and other overheads. The value of the fund’s properties and securities can also go up or down and so, like most investments, your capital is at risk.
Our next holiday development is Northway Farm in North Devon. Situated near the historic harbour town of Bideford, this delightful stretch of cottages will become 18 holiday properties with uninterrupted sea views, all within walking distance of a beach. The development will be fully renovated to HPB’s exacting standards of comfort, and will include a refurbished club house, an indoor swimming pool and three new cottages.
Northway Court, Devon, England is part of the Holiday Property Bond portfolio offering exclusive access to over 1,400 properties to its 42,000 investors ("Bondholders"). If you are not already a Bondholder and would like further details please see below.
The first project phase which is for the development / refurbishment of 18 properties and a Clubhouse with an indoor swimming pool will now go to tender in the autumn with work hopefully starting in spring 2021.
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