What is for sale?The Salt Springs Spa Resort is offering all 13 units on an automatically renewing lease starting from How does the Owner's Club work?Over the years we’ve had many guests interested in purchasing their own chalet at the Resort. Now this is finally possible! Resort ownership means that not only are you purchasing a piece of valuable and rare commercial oceanfront real estate, but we’re taking care of your vacation home and paying you while you’re away. It’s a hassle-free smart investment! What do you mean by an automatically renewing lease?It's like buying a condo or home with all the services and amenities of a health spa & resort. The 199-year automatically renewing leasing arrangement offers you the flexibility of registering your chalet at the land titles office without the regulatory hassle associated with fractional and full ownership agreements. It means you do not share the chalet(s) you purchase with multiple owners as you would in a timeshare or quarter ownership investment. You will be entitled to the use of your chalet according to the terms set out in your optional rental agreement while accruing revenue. At any time you are free to sell, trade, or bequeath your unit.Interested buyers are advised to contact their financial institution or mortgage broker to determine eligibility and pre-approval. Can I rent out my unit? What is a rental management agreement?The optional rental management agreement means that should you choose this option, your chalet will continue to be managed by the Salt Springs Spa Resort. With impressive year-round occupancy, the Salt Springs Spa Resort would then rent your unit throughout the year and ensure the highest level of guest satisfaction. How is rental income disbursed?Rental income is paid-out quarterly or monthly. Are there Zoning Restrictions?The Resort is zoned CA2, Commercial Accommodation 2 with the chief purpose of providing commercial guest accommodation. Owners are permitted by Salt Spring Island Zoning Bylaw 355 (http://www.islandstrust.bc.ca/ltc/ss/pdf/ssbylbaselu0355.pdf) to use the Chalets for personal use ancillary to commerical guest accommodation. Further, there is no positive obligation on purchasers to rent out their unit and enter into the optional rental agreement other than to provide the owner with a revenue stream.
We are currently inviting interested buyers for visits to the Resort. Book your Visit to the Resort to select your preferred chalet. |
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