Property details
Ref:
La Defense
Property type:
Leaseback
Location:
Located in the La Defense business district of Paris
Region:
Paris-Ile-de-France
Département:
Paris 75
Habitable Space:
Not Known
Summary
This is an incredible investment opportunity to purchase an apartment in Paris’ renowned business district with potential for high capital growth due t its prime location and excellent transport links
Property description
This is an incredible investment opportunity to purchase an apartment in Paris’ renowned business district with potential for high capital growth due to its prime location and excellent transport links to the heart of the city centre.
The 86 apartments are right on the Esplanade, just a short walk away from the transport links direct to the heart of Paris, only 10 minutes from the Champs Elysées. The development will be spread over nine floors with views on the Eiffel Tower from some top floor apartments. The apartments are equipped with a kitchenette, lounge and office area, flat screen satellite TV,
WIFI access and air conditioning. The residence will also have a bar, restaurant and meeting room facilities.
La Defense Esplanade will be marketed under the Adagio brand, which is a joint venture between Pierre & Vacances and Accor, the fifth largest hotel chain in the world. So with these two heavy weights guaranteeing the management and rental of your apartment, you can have peace of mind with this hassle free investment.
Paris prices rose over 7% last year and prices in La Défense are up over 80% in the last 5 years*, driven by the huge demand for office space.
This capital appreciation has also seen a rise in the rents paid though the overall percentage yield has come down, making this a strong long-term hold for both increase in capital value and the rental income.
The outlook is bright for investors with the “La Défense 2006-2015” initiative launched by the EPAD, which continues to enhance the infrasctrure.
* Source:Chambre des Notaires de Paris.
La Défense is the site for the 100m high Grande Arche, one of Paris’ most modern landmarks and the popular, open air esplanade, with 3,500,000 square meters of offices.
The fast growing business district of La
Defense has become a Mecca for economic excellence. Some of the largest international
companies have anchored their flagship here: Areva, Calyon, EDF, AXA, Société Générale,
Technip, Ernst & Young...
In 2004 it attracted some 3 billion euros worth of investment. The 150,000 employees and 20,000 residents make use of the 120,000 square meter shopping mall and enjoy the beautifully
designed living space with its 60 modern art sculptures and monuments which make La Défense is one of Europe’s largest business districts and a true depiction of modern France.
With Sarkozy’s reforms and tax incentives for promoting property ownership and French banks stricter approach to lending bouying up the market, the out look for the French property market is for stable growth. Paris is the economic engine of France and so an investment here has a low risk with the prospect of high returns.
Combine this with our 40 years experience of development and management and our long term rent guarantees we believe that La Defense Esplade is a secure long term investment.
Interested? Contact Us Now!.
Investment Summary
Property Type - 86 Apartments made up of 47 studios, 31 one bedroom and 8 two bedroom apartments.
Annual Rental Yield - 4% index linked of the
purchase price paid annually net of all management charges and running costs.
Net Prices - from €250,000 Including furniture.
Annual Property tax - €15 per square metre
Completion date - Summer 2008
Reservation deposit - 5%
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: Charles de Gaulle and Orly approximately
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Paris Leaseback
Available now for
€250,000
Agency Fees Included? Not Known
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