| Price:€81,108 £ $ (Sponsored by Anello FX) |
Agent Information |
| Condition: |
Off-plan |
 |
| Property Type: |
Apartment |
| Bedrooms: |
1 |
| Bathrooms: |
1 |
| Receptions: |
1 |
| Status: |
Available |
Esprit Property Consultants LLP are marketing this apartment for sale in France
We are pleased to tell you about the future launch of our new tourism residence situated in, on the Normandy coast. Ideally facing the port, close to the famous Normandy landing beaches. It is composed of fully furnished and equipped apartments, including terrace, car parking and a communal swimming pool. The lease offers a yield between 4 and 4.2 ... more0% with 2 weeks of personal occupancy (except for the high season period).
1 bed apartments start at 84,000 euros with 2 bed apartments at 128,000 euros.
This is a leaseback property,but what is Leaseback£
Refund of VAT currently 19.6%
Established developer
Fully furnished
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. ... less
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