Tower Court, Gozo
A new lifestyle concept for those looking for a holiday retreat or retirement home in Gozo.
If your idea of a perfect holiday or retirement home is to get away from it all, we have the ideal living solution for you – a golden opportunity to enjoy exclusive use of a luxury seafront apartment in Xlendi, Gozo.
Tower Court is set just off the seafront, with most residences enjoying stunning 180 degree views of Xlendi bay and surrounding cliffs. The name is derived from the famous Xlendi Tower, built in 1658 by the Order of the Knights of St John, which dominates the entrance to the natural harbour and this picturesque fishing village.
Located just off the promenade, the scenery is breath-taking with uninterrupted views across the bay towards the warm and inviting Mediterranean Sea.
Tower Court offers the ultimate for a comfortable lifestyle, with each residence having its individual character, designed and finished to the most exacting standards. Layout comprises of a hall, open plan layout with a spacious kitchen, living and dining area, terrace, bedrooms and bathrooms. A choice of either a 1, 2 or 3 bedroom units is available.
You can enjoy these residences at a fraction of the present market value for such property thanks to an investment and lifestyle programme designed to suit your needs.
How does it work?
The plan couldn’t be simpler. For considerably less than the cost of outright purchase, you can obtain membership and exclusive use of one of Tower Court’s residences. You pay a one-time fixed membership fee, with nothing extra to pay, except for an annual management charge. You will be able to make use of this property 365 days a year for as long as you live, or until you decide to terminate your membership, in which case you will be reimbursed for up to 100% of the original subscription cost, provided the residence owners are able to reassign your membership to a third party.
To qualify you must be a foreign national over 50 years of age. The plan is open to a joint member too.
What’s the catch?
There is no catch truly! Your membership rights are protected by law to ensure your best interests are upheld. You do not have to share the residence with anyone else, as you will be enjoying full membership. Membership is restricted to you and your joint member, if applicable, however your immediate family can also enjoy use of the apartment.
When you decide to give up your membership, or when you are deceased, we will be able to refund you, or your heirs, up to 100% of the initial subscription cost, upon reassigning your membership to a new member. A schedule of refunds is applicable depending on how long you have held the subscription for, however it is safe to say that if you have been a member for more than 5 years, you can avail from minimum refund of 70%, going up to 100% after 15 years of occupancy.
Memberships start from as little as €35,000 for a 2 bedroom apartment, giving you full and exclusive use of the chosen residence for a lifetime. All the sun, fun, peace and tranquility that Gozo has to offer can be yours, at a cost you can easily afford!