Property details

Ref:

Paris Marais

Property type:

Leaseback

Location:

Located in the Bastille Marais district of Paris.

Region:

Paris-Ile-de-France

Département:

Paris 75

Habitable Space:

Not Known

Summary

Pierre & Vacances Property Investments are pleased to announce the launch of Paris Bastille Marais which we believe is the perfect investment opportunity.

Property description

Pierre & Vacances Property Investments are pleased to announce the launch of Paris Bastille Marais which we believe is the perfect investment opportunity for this current market for the following reasons.


Paris is the number one city in the world for tourists with almost 30 million visitors each year which means that this investment has great long-term potential.

Paris property prices are still rising with a growth of 9% in the last year*.

Finance is still available on the French market with high levels of loan to value for leaseback property at low rates.

An index-linked net rental return of 4%.
If you combine these aspects of the market with the offer from P&V, we believe it makes a safe investment formula.

The leaseback system means that you have a hands-off, hassle-free investment with guaranteed index-linked returns, paid quarterly.

It is a long-term renewable 9-year lease, giving you peace of mind.

The tax advantages of leasebacks make investing in France very favourable for UK and International investors.
France’s attraction for investors remains the same, the world beating number of tourists continuing to bring economic benefits to the whole country. In addition, with Sarkozy’s reforms and tax incentives for promoting property ownership, the outlook for the French property market appears to be stable growth.

Paris is at the same time France’s economic engine and the world’s favourite destination, so an investment in Paris Bastille Marais is low risk with the prospect of solid returns.

This is an incredible investment opportunity to purchase an apartment in Paris’ most desirable quartier with great potential for high capital growth due to its prime location and excellent transport links to the heart of the city centre.

The Bastille Marais area combines two of Paris’ most vibrant and colourful districts, the XIth and the IVth. This area borders the canal de St. Martin and has some of the most beautiful traditional Parisian architecture including
the renowned Place des Vosges, which makes the real estate here some of the most expensive and in high demand.

The many museums, such as the Picasso and Carnavalet, as well as the shops selling contemporary art and design, have attracted the wealthy and the artistic, who now live in this highly desirable part of the city, taking
advantage of the great transport links, the fantastic restaurants, shops and bohemian chic nightlife which really make this the place to be in Paris.

The residence, which has 138 apartments arranged over 7 floors, is on the tree lined, leafy Boulevard Richard Lenoir just 5 minutes from Place de la Bastille.The air-conditioned apartments are a mixture of studios and one
bedrooms, which all come fully furnished with kitchen appliances, TV and wi-fi. There is also 24-hour reception and private garden in the centre of the building.

The complex carries the Citadines brand which is currently found in 13 countries. The Citadines brand is currently owned by the Ascott Group which manages a portfolio of more than €100 Billion.

The strength of this location is mirrored only by the strength of the exceptional rental return and the management company.

Invesment Summary

Property Type: 108 studio and 30 one
bedroom apartments.
Annual Rental Yield: 4% index-linked of the
purchase price paid quarterly net of all management charges and running costs.

Net Prices: from €250,000 including
furniture.

Annual Property tax: €10 per square metre
Completion date. Ready now

Reservation deposit: 10%
Est. upfront costs: 8% including Notary fees,
stamp duty and taxes.

Maximum mortgages: 100% of the purchase
price on a repayment basis 95% approximately
of the purchase price for Interest only (subject to status).

Airports: Orly approximately 20
minutes away.
Metro/Tube station: Bastille, Chemin Vert,
Breguet-Sabin and Richard Lenoir all 5 minutes walk.

For further information please contact us on +0207 471 4500 or by using the contact form

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Available now for

€250,000

Agency Fees Included? Not Known

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