Archetech Issue 50 2020 | Page 7

“ Escapade Silverstone enables owners to capitalise on the 1.2 million visitors that the circuit welcomes every year. ESCAPADE LIVING The residences themselves have cantilevered terraces, allowing spectators to get even closer to the racetrack. Light-filled and with high acoustic specifications, they have underfloor heating, comfort cooling and ensuite bathrooms. When an owner is not staying in their residence, it will form part of the wider accommodation available to guests at Silverstone and offer a healthy net yield. Escapade Silverstone enables owners to capitalise on the 1.2 million visitors that the circuit welcomes every year. It is a reimagining of leisure, lifestyle and investing: putting capital into something that provides entertainment, enrichment, enjoyment and learning, while also making a return. This is an end-to-end investment; residences are fully managed, from all upkeep and maintenance to the organising of stays and revenue distribution. Owners will also be granted founding membership, giving free access for all major race events, use of the clubhouse – even when they’re not staying – priority track access and exclusive invites to owner-only events, track days and trips. Residences are provided on a 125-year lease and owners will be able to use them as they wish up to a certain number of nights a year. Usage nights are calculated to enable maximum utilisation of a property – for owners as guests and investors. Income made on residences are not pooled; rather, owners are forecast to receive 5-6.5 percent net yield from their individual property, taking into account how much they themselves use it. They are also free to sell their property at any time. Escapade Silverstone will also separately provide climatecontrolled car storage, allowing owners to securely store vehicles when not in use. This facility, less than 500 meters from the edge of the Silverstone circuit, will offer full pre- and post-use preparation and inspection – allowing guests to turn up and make the most of their time on the track. Escapade Living CEO Will Tindall, said: “We’re delighted to be working with such a world-renowned venue as Silverstone for our first development. Escapade Living creates destinations that are entirely of their surroundings, while also providing owners with the opportunity to make a return on unique world-class property. The residences overlook arguably the most exciting complex of corners on all of the F1 calendar. PAGE 7 - ARCHETECH