Condition: Good
Full Description: 'l'Académie' - lying just 7km east fo Montpellier, close to the major A9 autoroute, the Montpellier suburb of Vendargues has a policy of limiting its urban development in order to maintain an excellent quality of life despite its proximity to Montpellier itself.

This exceptional residence is integrated into a thoughtfully devised development of 1600m² of commercial enterprises and 1900m² of offices.

There will be 94 units of studios, 1-bed and 2-bed apartments of sizes ranging from 20m² to 40m² and laid out over three floors, with an external parking area.

Prices
67,500E to 116,000E exc VAT.
80,750E to 138,736E inc VAT.

The residence is aimed at short term stays and students.

On-site facilities include an information desk, security, study room, laundry room, with internet facilities and televisions in the apartments (with French equivalent of Freeview - 18 free digital channels), as well as a dish-washer, microwave oven/grill and a hob.

Secure access by badge or remote control.

Yield is an excellent 5.15%. Eleven year initial lease term.

Rental management company is Eurogest who also handle l'Orée de Montpellier - another hugely successful student leaseback residence in Montpellier.

Works start in September 2007 for delivery third quarter 2009.

Excellent transport networks by car, bus or tram. Close to the beaches and other tourist sites.

Initial Availability
Studios - 40
1-Beds - 34
2-beds - 20

Email me now for more information.

Short Description: Investment leaseback giving yields of 5.15% aimed at the enormous student market in Montpellier. 94 Studios, 1-beds and 2-beds at extremely affordable prices.



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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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