Full Description: SOLD OUT JUNE 07

This is a three star residence formed of five buildings around an olive orchard and landscaped grounds - fountains, ponds and shady pedestrian walkways.

The olive orchard will, in fact, be dug up and re-planted in order to work harmoniously with the buildings layout.

The buildings will be of a modern style, but at the same time in keeping with the Provençal traditions.

The apartments are available as one-, two- or three-bedrooms (all with a terrace), but availability now at only either one- or three-bedrooms.

Each apartment will have its own private parking space, plus there will be visitors' parking at the entrance to the site.

There will be a swimming pool and relaxation area on site.

Heating will be by solar energy panels (except in the bathrooms). Insulated double glazing, traditional wooden shutters, two telephone points per apartment, tv ariel point plus satellite dish to receive foreign channels.

Double sink in kitchens, tiling all around, built-in drainer. Bath with shower over, mixer taps, towel-dryer.

Sizes: 3-beds - between 62m² and 76m², terraces 18m²
1-beds - between 35m² and 37m², terraces 7-8m²

Prices: 3-beds - 310,000 to 375,000 Euros inc VAT, parking and furniture and 262,000 to 326,000 Euros exc VAT, including parking and furniture*
1-beds - 161,000 to 170,000 Euros inc VAT, parking and furniture and 136,500 to 144,500 Euros exc VAT, including parking and furniture*

* the parking and furniture prices noted are all including the VAT as the VAT rebate only applies to the apartment itself. So these are true prices.

Initial lease term - 11 years.

Annual yield - 4.3% with no occupation, reducing (using a special formula) according to how many weeks you take and in which season.

Occupation possibilities - either up to 8 weeks per year or light leaseback up to 6 months per year.

All owners, regardless of the purchase package chose, will benefit from a 20% reduction off the public brochure prices for holidays either at this residence or at any residence managed by VACANTEL, RESITEL and SODEREV, and 10% off with LAGRANGE.

Delivery Q2 2007.

Additional fees: Notaires' fees - 2-3% of the price including VAT.
Annual taxe foncière - French property owners' tax (usually equal to a month's rental income)
Accounting fees - between 200 and 300E per year

Email me now for more information.

Location: Arles - 16km
Avignon - 35km (TGV and airport)
Nimes - 50km (TGV and Ryanair)
Marseille - 85km (TGV and Ryanair, British Airways)
Montpellier - 95km (TGV and Ryanair, British Airways)


Short Description: SOLD OUT JUNE 07. Provençal leaseback apartments ready to sign and delivered in second quarter 2007. Annual yield 4.3% with no use, or a sliding scale of returns for up to 8 weeks use or up to 6 months use (light leaseback option).



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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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