Resolution regarding the potential disposal of apartments from trust presented to the Membership in time for the 2014 AGM

In 2011 and 2012, Resolutions were presented to and approved by Club Members to allow the disaffection and later outright sale of up to a total of 23 apartments. Members with one or more of the selected apartments on their Membership Certificates have had alternative apartments allocated, so these 23 apartments have been freed-up in readiness for their potential sale.

The Committee is very aware that it has to be careful to sell these apartments at the best possible price and to use the proceeds appropriately. At time of writing, 7 apartment sales have been completed.

The market for selling properties outright on the Costa del Sol shows signs of recovery and the Club still has a considerable number of unsold weeks and therefore spare apartment capacity. Therefore, at the 2014 AGM the Committee sought approval by Resolution to make a further 18 apartments available for sale, the proceeds from which will again be used for the benefit of the membership.

All 18 apartments identified for potential sale are at Club Caronte. Members owning within these apartments will be offered alternative similar apartments and change-over days, although changes of resort location and change-over day will be possible if desired, subject to availability.
The proposed Resolution was approved at the 2014 AGM.

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