Just 48 more pledges at €1,750 and…
join us as a member for a month every year
(or as long as you want!)
else benefit from a ~10% rental yield.
It's a shared home and workspace, where members also share their purpose in life. For digital nomads, creators, entrepreneurs and anyone who fancies an amazing place to getaway from routine, on a workation, or use as a part-time base.
By embracing diversity and serendipity we create vitality in our lives. You've got your own independent lifestyle and need a space to match, at a coliving hub you also get great common spaces and friendly faces crossing paths doing all sorts of stuff. There's always folks to cook a meal with, watch a movie or even learn some reiki… Yet with varied workspaces in the house you're always productive, doing your best work.
Learn about coliving at some of our favourite spaces, Sun and Co in Spain, Nine in the Canaries and Playworking in Montenegro. There's also projects such as Alchemy Spaces in Italy. Yet these are all rentals… we need a new choice. 😉
Our goal as a community-owned business is affordable co-ownership and rental, giving use of private accommodation along with many varied communal areas… in multiple locations. So we're scouting properties across the Mediterranean to redevelop.
As participants in a dynamic ecosystem we share its opportunities whilst also generating rental revenue as a business, thus offering passive income for us as its co-owners.
As a social enterprise we can plan (together!) workshops, talks, activities and even festivals — to engage not just us and our members, but also the wider community.
We'll add more locations in future so we all get choice amongst varied locations. And don't worry about languages, there'll always be folks around to help. 🙆♂️ (If you're a non-EU citizen, you have to make sure you've the right visa to stay, but we want to add locations outside the EU too!)
It's not just about having an amazing space to get our work done, but also popping out for a break to welcoming towns and villages, escaping into a natural park and great wilderness, with hiking, horse riding, mountain biking, kayaking, wild swimming, skiing, and more(!) within reach.
Whether you participate from day one as a co-owner, or visit as a rental guest—as a member you get to be as involved as much as you like.
To join us as a co-owner, make a pledge for any membership stake that suits you, then make your final decision when we've selected and completed due diligence on the first property, else join us for the next…?!
For your own lifelong use equivalent to one month of an ensuite every year, we're targeting a co-ownership stake buy-in around €1,250 with €250 of recurring running costs for each month you stay. This compares to rental at around €500, which will be available for everyone (if not reserved by co-owners).
If you don't stay and use your stake in the property, you get dividends corresponding to your share of any profits for any unused part of a stake. This means that once the property is generating its target revenue, a stake of twice your desired usage, could cover its cost contribution, thus giving a cost-free stay.
Either way, why stay in one place? Get away for a while — make a pledge or stay tuned to visit and rent as a guest.
Converting an affordable open-plan property enables us to better invest in dedicated facilities as a coliving hub, instead of spending piles on maintaining a fancy chateau. 🏰💸 We all agree—it's worth it right?!
The following are example floorplans for candidate property #1. To get in the loop as we narrow down the first property simply like our FB page, or if you pledge, you can join our private group.
A lower acquisition cost means significant labour is required, however we will utilise volunteers to help with both renovation and operations, keeping costs reasonable. Works will commence in phases before full funding is achieved as not all the capacity and facilities will be needed immediately.
We won't be like a hotel or some of the other premium coliving spaces. We'll be a community that helps each other keep things clean, and does our own laundry. Our volunteers will however help look after the basics with us, and if you prefer to be looked after they'll be able to offer you serviced rooms and mealplans. 👏
Initial fitout includes all services and rooms to a functional level, such as studios with a hotplate and fridge, low-cost Ikea crockery or eclectic second-hands. Refinement of decoration would be undertaken either gradually through reinvestment as occupancy increases, with volunteering by co-owners, or an additional funding round. Costs do not include finishing (painting, repointing) the facades of the building, nor installation of hydro or solar power. We'll decide these things once the core requirements are done.
Whilst this crowdfunding for members is going well, we may also consider other approaches such as dedicated real-estate equity crowdfunding platforms (although these charge ~8%), and loans for future locations, else if we do not complete the crowdfunding target.
The forecast obviously depend upon specific properties and operations, therefore until finalised we are using the following indicative figures from candidate property #1.
approximately 45m2 with two large windows + mezzanine
Co-ownership will be fractional, therefore any size shareholding is possible and the owner's usage will be offset against this. Co-owners gain a share of revenues (dividends) corresponding any unused part of their share. Annual budgets will be voted upon by all co-owners (as shareholders).Rental rates
This endeavour is being initiated by Jacob Jay, founder of the first ever coliving hub offering coliving with open-access coworking which was located in Delhi, India, and operated for four years. I will invest ~15% of the funds, and anyone wishing to make a significant investment alongside me would be invited to become a cofounder with a small supplementary equity reward.
We will be engaging volunteers soon, and if you'd like to get involved in any other way please do get in touch with Jacob directly. If you're simply interested in renting as a guest, please follow us on Facebook to hear about future launch dates.
If you're interested in being a co-owner please don't hesitate to reach out to email@example.com for further details or to share your expectations. Pledges are not contractual and no guarantee is made that it will secure you any share.