| Price:€40,000 £ $ |
Agent Information |
| Condition: |
Ready for occupation |
 |
| Property Type: |
House / Villa |
| Bedrooms: |
1 |
| Bathrooms: |
1 |
| Receptions: |
1 |
| Status: |
Available |
Esprit Property Consultants LLP are marketing this house / villa for sale in France
Built during the XVIIIth Century, the Domaine de La Laigne produced Cognac and Pineau des Charentes until the early sixties. Located in the heart of the world famous vineyards of Cognac , close to the Atlantic coast and to the Marennes oyster beds,on the Pilgrim route to Santiago de Compostella, it is the perfect place to spend unforgettable stays ... more with your family or friends.
The development comprises 13 cottages with prices starting at only €40,000. The owner benefits from 2 weeks personal usage in the low season and 2 weeks in the high season. and they have unlimited usage from the end of October until the end of March. The management company then rent out the cottage for the remainder of the time and the owner benefits from a guaranteed rental income.
Leaseback on this property offers the following
• Guaranteed index linked income
• Refund of VAT currently 19.6%
• Established developer
• Fully furnished
• Comprehensive legal and financial assistance
The Leaseback Investment
The Leaseback scheme was established in France in 1976. It is open to non-residents and is becoming increasingly popular in the UK as either a pure investment with a guaranteed income, as a holiday home option, or both.
The scheme works by purchasing a freehold property which is then leased back to the developer or a management company. Under the leaseback scheme the French government refunds the VAT of the property (currently 19.6%).
The purchaser can also enjoy periods of usage through the year, depending upon the terms of the lease. The developer or management company is responsible for all the maintenance of the property including the maintenance of furnishings which are typically included in the purchase price. The developer is responsible for insuring the building and contents. It also pays for many of the local taxes and all the utility costs.
The owner is then guaranteed a rental income. The net return is index linked annually to construction costs. Tax allowances apply in respect of interest payments, legal expenses etc. If the property is held for 15 years there is no French Capital Gains Tax.
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