Condition: Good
Full Description: April 07 - SOLD OUT

Investment leaseback development of 139 units; mostly studios and a few one-bed apartments, aimed at use by the student market.

Work has started and completion papers are ready to be signed.

Returns of 4.5%.

Prices from 80,000E inc VAT (66,900E once the VAT is paid back to you) to 162,000E inc VAT (135,500E once the VAT is paid back to you).

Management company is Antaeus (head office is in Grenoble) - a large, well-known and respected company. They manage 27 residences in France, totalling 2,583 letting units, covering student lets to the business tourist market.

Lease term 11 yrs and 11 months.

Delivery 3rd quarter 2007.

In summary, a very solid leaseback investment - good prices, sound developer and management company, existing and constant rentals market.


Short Description: April 07 - SOLD OUT. Investment studios and one-bed apartments aimed at the student market giving a yield of 4.5%. Prices from 80,000E inc VAT (66,900E exc VAT) to 162,000E inc VAT (135,500E exc VAT). Jan 2007: Completion papers ready to be signed. Site works have commenced.



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Listed by: Nicole Hammond
Phone: +33 (0)4 67 26 90 42
Mobile: +33 (0)6 32 07 84 13
Info: English Bilingual Property Hunter

I live in a small village in the south of France (in the Herault, Languedoc Roussillon), between Beziers and Pezenas for those of you who know the region.

SIRET NO: 453 211 153 00011

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