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2-5 Bed Villas/Apts Golf Spa, Leaseback Available
REF: 514
Location: Languedoc-Roussillon
Price: €359,000
No. of bedrooms: 0
No. of bathrooms: 0
Additional
Description: Prices from 359,000 Euros.
Become the owner of a villla on a 5 star golf and spa domaine in the Languedoc-Roussillon with a 7% return guarantee.
The development combines luxury homes with modern architecture; an 18 hole championship golf course and clubhouse plus a luxurious 1000m2 spa. All of this encircles a 400 year old chateau, which is to become the 5 star hotel. 150 units in first phase, made up of apartments and villas with private swimming pool. There will be approximately 600 units in total on 200 hectares of land - so this is 3% of 200 hectares.
This is the first 5 star development in the Languedoc. The chateau will be transformed into a 70 suite hotel located in close proximity to the Mediterranean coast - the chateau is one of the finest in the South of France. The spa will be one of the largest in the region and will feature spacious lounge areas bathed in natural light and indoor pools with a relaxing and rejuvenating treatments and exercise classes will be on offer. The resort will have a gourmet restaurant. The hotel's terrace is elegant with a stone calved balustrade - there will be meeting venues including a conference centre that can accommodate up to 500 people.
The residential properties will offer unrivalled luxury accommodation with 20% being allocated for full time occupation and the remainder for holiday occupation. The homes will range from 75-316m2 and are now available for purchase. Each property has been sensitively designed to maximise the natural beauty of its surroundings. The resort is eco-friendly and designed as an integrated community with a rental village and world class golf course and academy to maximise its tourism potential. All the facilities are within walking distance and are integrated into the estate of unspoilt woodlands and vineyards.
Location
Montpellier is the nearest city, recently voted the most desirable city in France. The nearest town is Pezenas, a XIV Century town filled with restaurants and bars. The town is very lively and well known, full of interesting shops and galleries and renowned for its market that takes place every Saturday.
Situated in the Languedoc, this region has seen 7% increase in tourism visitors in 2008, 10 million visitors per annum. In 2009 Ryanair has predicted a 75% passenger growth by 2010 in 5 of the Languedoc's international airports. Bearing this in mind, there is a lack of short term/vacation rental property, notably at premium end of market - this is an important opportunity particularly in the leaseback market. In recent years south of France property market has been one of the most vibrant in the EU - the Languedoc has outperformed the national index, with an annual average growth of 9.8% over 10 years.
Type and size of properties
Apartment:
2 bedroom apartments, living space from 75m2 with terrace start at €359 000 net of VAT including furniture
Villa:
3 bedroom villa, living space 84.29m2 with terraces start at €449 000 net of VAT including furniture
Villa with private :
3 bedroom villa living space 102.44m2, parking space and terraces on private ground start at €599 000 net of VAT including furniture
4 bedroom villa living space 124.87m2, garage and terraces on private ground start at €699 000 net of VAT including furniture
5 bedroom villa living space 180.33m2, garage and terraces on private ground start at €899 000 net of VAT including furniture
Purchase & lease
1 - Investor Deal:
This deal is valid for the first phase. The owners will receive a 7% net return on their purchase and benefit from the 19.6% VAT rebate. This arrangement allows the buyer 1 week in high season and 3 in low season. The lease is 25 years. Rental income is paid monthly. VAT is advanced by the developer.
2 - Fifty/Fifty:
This option offers up to 6 months of the year for personal use yet still benefits from the 19.6% VAT rebate. When not in personal use, the property may be added to the Rental Pool, which will offer a return of 50% on all net rental income.
3 -Outright:
This option applies to buyers wishing to use the property as and when they choose. This is not eligible for the Leaseback benefits and the purchase price will include VAT.
The developer and management company have all the necessary financial back up and guarantees to make it an excellent investment. For information about them please contact us.
Reservation
A 2% deposit will hold the property for you.
Costs
There is no additional cost to purchase on this development - Notary fees, maintenance charges and all taxes are paid by the developer.
Completion Date
Completion of phase 1 is expected in 2nd quarter of 2011.
Mortgages
Financing is available up to 90% (subject to status).
Only 10% deposit.
The leaseback option covers your mortgage costs.
Mortgage Simulation
Apartment price € 359 000
10% deposit €35 900
Amount borrowed €323 100 at 4.75% fixed for 25 years
Monthly repayment €1 909 inclusive of life insurance
Rental income 7% €25 130 net of all charges and taxes
Monthly income € 2094.16
Profit of €185 per month + 4 weeks holiday per year
The nearest airports are in Montpellier (40km) and Beziers (30km). From Ireland you could fly via London or Paris or direct to Carcassonne (118km) with Ryanair.
Penzenas is 5km, Montagnac 1km, Monpellier 40km.
For further details or to arrange a viewing: call +44(0)1635 248 706