Bargain Price Light Leaseback re-sale - 1-bed apartment at Berges du Canal
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Full Description: We have a REDUCED PRICE FOR QUICK SALE one-bed mezzanine apartment available as a light leaseback re-sale at the immensely popular Berges du Canal development.
This light leaseback development was built and delivered over 2003 and 2004, with leases starting in the first full year of ownership, so the initial leases of 9 years have about 6 or 7 years left to run.
Note that any property sold before it is five years old in France benefits from reduced notaires' fees of approximately 2-3% as opposed to 5-6%.
We have been working with the original notaire associated with this development and would now consider ourselves extremely knowledgeable about the leaseback re-sales process.
With the new French VAT law in place, when re-selling a leaseback property with the lease intact, there is no longer a requirement to pay back the VAT and therefore for the buyer to pay the VAT and make a claim for its reimbursement. Instead, the amount of VAT originally saved at first purchase has been calculated into the new selling price as a DISCOUNT off of the 'real' market price or value of the property.
So to purchase a leaseback re-sales property is now a much smoother sales/purchase process
A 'true' market price for this type of property and in this region would be about 99,500€. With a VAT rebate taken off, the prices are coming down to about 91,000€ plus 3,600€ for furniture, so around 95,000€.
The owner of this property would like to sell quickly, so has agreed to a market price of 77,023€. So a huge saving of about 18,000€ on this property - a real bargain!
Purchasing a property here, you will benefit in several ways:
- VAT discount passed down to you as the next purchaser
- Plus an extra discount for the quick sale required
- Price per square metre much less than a brand new build (approx 20% less than the new development at Colombiers - now sold out)
- Available as Light Leaseback for maximum owner use (light leaseback was not available at the new Colombiers residence)
- All properties excellently maintained and appear brand new
- Property has had extra furniture items added to be sold included in the price
- All site facilities already in operation (see below)
- Landscaping in place with the site looking lush and green
Site facilities
Indoor heated swimming pool with sliding removable wood and perspex cover, large outdoor pools, bar and snack facilities, restaurant on-site, laundry facilities, sports terrain (basketball hoops etc), children's playground.
All tenants, owners or renters, can rent televisions, bikes etc from the rental management team's office.
Size
This one-bed mezzanine apartment is 26.5m².
Plus a garden of 30m²
This property has a Sky dish, Sky box, TV and DVD - all sold included in the price.
With light leaseback you are obliged to give between four and ten weeks in high season to the associated rental management company - in this case Odalys - www.odalys.fr (click on the Union Flag in the left-hand corner for the site in English). This period guarantees you a rental income. You can also give as many weeks as you like outside of this period to Odalys and whatever weeks the property is rented for, secures you a supplementary rental yield.
It is estimated that if you give the ten weeks of summer over, then your main annual overheads (utility bills, insurance, co-ownership charges, maintenance) are covered.
Properties come fully furnished with solid pine furniture, outdoor patio table and chairs and a fitted and equipped kitchen and bathroom (including cleaning materials such as bucket and mop etc).
Email me now if you are interested in this apartment and I'll send you the information pack including photos, lot plan, site plan and rental income tables.
Short Description: We have a REDUCED PRICE FOR QUICK SALE one-bed mezzanine apartment available as a light leaseback re-sale at the immensely popular Berges du Canal development. Just over 77,000€ instead of 95,000€ - click here now for more details. Great investment opportunity.
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This light leaseback development was built and delivered over 2003 and 2004, with leases starting in the first full year of ownership, so the initial leases of 9 years have about 6 or 7 years left to run.
Note that any property sold before it is five years old in France benefits from reduced notaires' fees of approximately 2-3% as opposed to 5-6%.
We have been working with the original notaire associated with this development and would now consider ourselves extremely knowledgeable about the leaseback re-sales process.
With the new French VAT law in place, when re-selling a leaseback property with the lease intact, there is no longer a requirement to pay back the VAT and therefore for the buyer to pay the VAT and make a claim for its reimbursement. Instead, the amount of VAT originally saved at first purchase has been calculated into the new selling price as a DISCOUNT off of the 'real' market price or value of the property.
So to purchase a leaseback re-sales property is now a much smoother sales/purchase process
A 'true' market price for this type of property and in this region would be about 99,500€. With a VAT rebate taken off, the prices are coming down to about 91,000€ plus 3,600€ for furniture, so around 95,000€.
The owner of this property would like to sell quickly, so has agreed to a market price of 77,023€. So a huge saving of about 18,000€ on this property - a real bargain!
Purchasing a property here, you will benefit in several ways:
- VAT discount passed down to you as the next purchaser
- Plus an extra discount for the quick sale required
- Price per square metre much less than a brand new build (approx 20% less than the new development at Colombiers - now sold out)
- Available as Light Leaseback for maximum owner use (light leaseback was not available at the new Colombiers residence)
- All properties excellently maintained and appear brand new
- Property has had extra furniture items added to be sold included in the price
- All site facilities already in operation (see below)
- Landscaping in place with the site looking lush and green
Site facilities
Indoor heated swimming pool with sliding removable wood and perspex cover, large outdoor pools, bar and snack facilities, restaurant on-site, laundry facilities, sports terrain (basketball hoops etc), children's playground.
All tenants, owners or renters, can rent televisions, bikes etc from the rental management team's office.
Size
This one-bed mezzanine apartment is 26.5m².
Plus a garden of 30m²
This property has a Sky dish, Sky box, TV and DVD - all sold included in the price.
With light leaseback you are obliged to give between four and ten weeks in high season to the associated rental management company - in this case Odalys - www.odalys.fr (click on the Union Flag in the left-hand corner for the site in English). This period guarantees you a rental income. You can also give as many weeks as you like outside of this period to Odalys and whatever weeks the property is rented for, secures you a supplementary rental yield.
It is estimated that if you give the ten weeks of summer over, then your main annual overheads (utility bills, insurance, co-ownership charges, maintenance) are covered.
Properties come fully furnished with solid pine furniture, outdoor patio table and chairs and a fitted and equipped kitchen and bathroom (including cleaning materials such as bucket and mop etc).
Email me now if you are interested in this apartment and I'll send you the information pack including photos, lot plan, site plan and rental income tables.
Short Description: We have a REDUCED PRICE FOR QUICK SALE one-bed mezzanine apartment available as a light leaseback re-sale at the immensely popular Berges du Canal development. Just over 77,000€ instead of 95,000€ - click here now for more details. Great investment opportunity.
Listed by Jane Hughes
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Re. Bargain Price Light Leaseback re-sale - 1-bed apartment at Berges du Canal, Ref 20105
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Telephone: Fr 0467 24 53 59
Fax: FR 0826421562
www.moving-to-france.com
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