| Price:€230,000 £ $ |
Agent Information |
| Condition: |
Off-plan |
 |
| Property Type: |
Apartment |
| Bedrooms: |
1 |
| Bathrooms: |
1 |
| Receptions: |
0 |
| Status: |
Available |
Complete Property Investment are marketing this apartment for sale in France
Summary
Country Normandie Hotel and Spa is a gorgeous new development next door to Deauville in Normandy. Deauville has long been considered the most fashionable place to be seen north of the Champs-Élysées and has been described by the Guardian as "the ultimate chic beach resort on the Normandy Riviera".
Consisting of ... more 54 luxury one and two bedroom apartments, and 107 detached cottages set in the beautiful Normandy countryside, the Normandy Club just outside of Deauville provides investors with:
Unstintingly spacious apartments and cottages from 39.9m² up to 65m² each with its own private balcony or garden.
All interiors and furnishings are designed to an uncompromising standard by the developer’s interior design team.
Access to the Club’s luxurious Club House with beautifully designed Reception, Bar, Restaurant, Conference Facilities, part indoor and outdoor swimming pool with wave making machine and bar, and wellness centre
Three practice golf holes in order to set you up for a round on one of the (eight) local golf courses located within half an hour’s drive of the Club
Full management services courtesy of Maisons de Biarritz, one of France’s leading luxury resort managers.
The development is ideally located for cross channel tourists and Parisian visitors. It is easily accessible from by Eurostar and the major ports of Caen, Le Havre, Ouistreham & Calais. The area is also expected to benefit substantially from the arrival of major budget airline flights to Deauville airport. The arrival of budget airlines to European towns and cities has long been recognised as a key factor behind increasing local property prices.
Net deposits can be as low as 6% and finance is available for the balance. Combined with long term guaranteed income and the special investor incentives available, this really is an exceptional investment opportunity.
Why Invest£
High returns guaranteed
Maisons de Biarritz will pay gross rental yields up to 5% guaranteed for 11 years.
Very competitive pricing
Based on the latest data from average prices of the 5,300 properties sold in the Calvados region between September 2005 and 2006, average property prices in Deauville stood at €4,200 per square metre. This figure includes both existing housing stock and new build apartments and is now nearly a year old.
As a new build by a top quality developer, and with price increases running at 136% over the last 8 years as a whole, apartments and cottages at the Country Normandie development represent very good value indeed at €4,500 per square metre.
Very low cash input and closing costs
Units at the development are available with just a 5% deposit and a 1% brokerage fee.
Finance can be obtained for the balance as an interest only Euro mortgage from a French bank with discounted rates starting as low as 3.95%.
With this level of gearing and high capital appreciation, the return on cash investment is exepcted to be exceptionally high. Every 6% increase in value of the property, represents a 100% return on investment for buyers taking advantage of this finance structure.
Eligible for SIPP inclusion
Sykes Anderson in conjunction with Freedom SIPP has developed a product by which your self-invested personal pension scheme (SIPP) can purchase commercial property in France. This has proven extremely popular for the purchase of leaseback holiday homes and aparthotels. Leaseback properties are permitted investments for SIPPs because they are commercial, within the meaning of the relevant UK legislation, provided that certain criteria are met.
This allows you to invest at an effective 40% discount. Sykes Anderson LLP are able to advise on a tax efficient way to structure this type of investment which avoids corporate taxation in France. Under this structure a sale after 15 years is completely free of both UK and French capital gains tax.
Purchasing a leaseback property using your SIPP is a highly tax efficient as well as providing diversification to your SIPP investment portfolio.
We must stress that such an investment is not suitable for everyone; our experience is that it only becomes a viable investment option for purchases over £150,000. In all cases it is recommended that you take independent advice before progressing down this road. Neither Sykes Anderson, nor Feeedom SIPP, nor MDB provide financial advice.
Generous Personal Usage
Personal usage is allowed for up to 182 days a year at a 25% discount on the normal rental rates. Rather than have to pay for your stay, the cost of any personal usage that is taken up is then simply deducted from your annual rental income. It is very unusual to be offered this degree of flexibility in your personal usage under a leaseback scheme.
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