| Price:€77,000 £ $ |
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
An outstanding investment leaseback on the banks of the river Seine just outside Paris, with a very low entry price and an attractive yield of up to 5.58%
The Domaine of Val de Seine is a 4**** fully furnished Business prestige residence. It enjoys an ideal location at the gateway of Paris on a wooded site and whi ... morech offers spacious accommodation, facing the river Seine. Facilities will include car park, large indoor heated swimming pool, spa and fitness centre, restaurant and bar, laundry, and tennis courts The accommodation is fully furnished. Prices start at only 77,000 euros with an excellent yield of up to 5.58%.
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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