| Price:€82,418 £ $ |
Agent Information |
| Condition: |
In need of refurbishment / renovation |
 |
| Property Type: |
Apartment |
| Bedrooms: |
Studio |
| Bathrooms: |
1 |
| Receptions: |
1 |
| Status: |
Available |
Leapfrog Properties are marketing this apartment for sale in France
Located in the thriving business district of Lyon, this smart development comprises studios to 2 bedroom apartments from 82,418 Euros HT. This fully managed residence has many facilities and hotel services making it an excellnt spot for short to medium term stays. There is a full VAT refund of 19.6% and guranteed yields of 5%. Lyon is the number 1 ... moreplace for business start-ups but also has many established companies such as Merial, ADIA and ADECCO. For more details download the PDF brochure. Investment breakdown: NET yield: 5%, Starting Price: 82,418 Euros ex VAT and 98,572 Euros inc VAT + furniture at 6,650 Euros = 105,222 Euros. The amount of deposit required is 20% = 21,044 Euros, then they must add 4% for legal fees (3943 Euros) and 1000 Euros (in this case) for mortgage arrangement & bank setup fees. The total the client will have to lay out therefore is 25,987 Euros. The VAT refunded is 16,154 Euros so after the refund the amount of money tied up in the property is (25,987-16154)= 9,833 Euros. ... less
View more details from agents website
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