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F1 Parkalgar Investment

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  • 1. CONTENTS Autodromo do Algarve 3 The Track 9 The Property 15 The Investment 21 Pricing and Terms 25 Financial Projections 27 Rental Model 31 Mortgage 37 Legal Pack 41 The Algarve 45 International Development Team 55 Disclaimer 57 1
  • 2. AUTODROMO INTERNACIONAL DO ALGARVE Radisson Resort is one of the most unique real estate opportunities in the International marketplace today. This multi-functional business complex will host a broad range of national and international commercial, sports and leisure events. The Autodromo Internacional do Algarve extends to 300 hectares. The Portuguese government strongly supports the Autodromo Internacional do Algarve and has awarded the project a PIN (Projecto Interesse Nacional). The PIN signifies the project is of significant national importance. 3
  • 3. AUTODROMO INTERNACIONAL DO ALGARVE The complex comprises: 5km FIA approved Formula 1 motor racing track 1.5km International standard karting circuit International standard off-road test and leisure facility 60,000m2 Technology Park / Innovation Centre Sports Academy including full gymnasium, swimming pools, treatment rooms, squash courts and multipurpose playing facilities 5
  • 4. AUTODROMO INTERNACIONAL DO ALGARVE Retail Park including motor dealerships Luxury Radisson SAS Hotel with 194 rooms, restaurants and bars Conferencing facilities Leisure area includes indoor and outdoor pools, state of the art spa and wellness centre, tennis courts, childrens play areas, golf driving range 160 luxury apartments Access to adjacent golf courses. 7
  • 5. THE TRACK Since its recent opening in November 2008 the track has created a buzz throughout the motor racing world. The track is an official Formula 1 test track for 2009 and has already become a regular testing circuit for Formula 1 teams. It has received rave reviews from motorsports top drivers including Michael Schumacher, Lewis Hamilton, Fernando Alonso, Heikki Kovalainen, Troy Bayliss and Troy Corser. 9
  • 6. THE TRACK The track enjoys a unique design thanks to the natural terrain of the area curves and straights follow each other at an exciting rhythm with accentuated declines. The track has a VIP tower at the epicentre of the track offering spectators a 360 degree view of the track. The VIP tower has 48 luxury suites, balcony area and a lounge. As well as accommodating motorsports elite the track offers Speed Box packages. This includes F1 driving experience, super car driving, car and bike track days, off road driving and karting. 11
  • 7. THE TRACK 7 World Events & 8 National Events scheduled per year. Fully booked for 2009 for International and National events, Testing, Track days and Corporate car launches. Bookings have already been placed for 2011. Upcoming events for 2009 include: A1 GP - April 2009 GT International Open May 2009 Le Mans Series - August 2009 FIA GT World Championship - September 2009 GP2 Series Final - September 2009 World Super Bike Championship - November 2009. 13
  • 8. THE PROPERTY BE PART OF THE ACTION For a fortunate few, the ultimate in luxury and excitement will be to own your very own piece of the action. 15
  • 9. THE PROPERTY Unique investment property. Turnkey product fully finished and furnished to 5-star specification. All apartments have substantial balconies with impressive scenic views. Each apartment comes with its own private underground car parking space and secure storage area. Additional surface parking. Personal usage and access to luxury hotel facilities. Radisson SAS will manage and rent the residences using their worldwide business channels and expertises to maximise your rental. 17
  • 10. THE PROPERTY Owners will have access to their apartments for 2 weeks per annum 1 weeks from October to April 1 weeks from May to September Extended usage rights are available subject to conditions. Purchasers who would like the flexibility of having their apartments available for personal usage at all times can be accommodated. VIP tickets to selected events for the first five years. Guaranteed rental income of 7% for first 3 years for all owners participating in the rental scheme. 19
  • 11. THE INVESTMENT AN EXCITING OPPORTUNITY Become an envied owner in the only apartment facilities on the International race track.
  • 12. THE INVESTMENT The apartments overlook the most modern and significant motor racing and technology park complex in Europe! Launched with the World Super Bike Championship in November 2008, the Autodromo Internacional do Algarve comprises a 250 million investment, with further investment planned. The properties will be managed and marketed by Rezidor under the Radisson SAS brand. Guaranteed rental income of 7% for the first 3 years. Fully furnished to the same standard as the Radisson Hotel. 80% finance available. Ready for occupancy October 2009. 21
  • 13. THE INVESTMENT Excellent climate, world class location and superb facilities provide an ideal environment for business and tourism. Prospect of strong capital appreciation on your investment. Deloitte feasibility study projects that the track will generate an additional one million visitors to the Algarve per annum. The target markets will be individuals, companies and specific track related traffic, extending nationally and internationally. The corporate target market will include the lucrative MICE segment (Meetings, Incentives, Conferencing and Exhibitions). The complex has already signed commercial deals with Red Bull, Radisson, Samsung, Portuguese Tourism Board, Siemens, TMN National Mobile Telecommunications, Unilever, Sagres amongst others. 23
  • 14. PRICING AND TERMS
  • 15. PRICING AND TERMS 6,000 payable on reservation. Balancing payment required to make up 20% on signing Promissory Contract. All monies paid will be held in Escrow until the properties are ready for occupation. The remaining balance of funds (80%) is payable on signing the deed of sale, which happens on delivery of the apartment. 25
  • 16. FINANCIAL PROJECTIONS Initial uplift of 10% expected at completion stage. This is supported by Banif Bank. Growth rate of 5% projected for year 2 and forward. This level of appreciation is based on the profile of the track increasing. The capital appreciation will also be driven by the development of other facilities within the complex i.e. the Technology Park and in time the Sports Centre. An exceptional capital appreciation spike is expected on securing a Formula 1 race. Excellent re-sale opportunities. 27
  • 17. FINANCIAL PROJECTIONS
  • 18. FINANCIAL PROJECTIONS 29
  • 19. RENTAL MODEL Guaranteed rental income of 7% for first 3 years. Guaran