The V & A Marina Residential owners qualify to participate in Village N Life’s unique Tourism Participation Property Model.
The Model was launched in 1996, affording private property owners the opportunity to buy property and participate in the dynamics of the tourism industry.
In 2016, 311 private owners with property to the value of R2 billion are participating.
Benefits include enhanced rental returns, hassle-free ownership and private occupation when required. The model is unique in that income is not pooled; each property is managed individually with incentive driven fees. Rentals are projected annually in advance and as a result of the Model, there could be an opportunity to claim the vat or transfer duty on the purchase price of the property. Notice periods are 6 – 12 months.
Lifestyle benefits include membership to our exclusive Leisure Club as well as the VNL Nights Exchange Programme that allows owners to use any of the VNL hotels, including the iconic The Bay Hotel in Camps Bay, Camps Bay Retreat in Camps Bay, Harbour House Hotel in Hermanus or The Farmhouse Hotel in Langebaan, in exchange for nights in their properties.