Lifestyle Activities
Town
,
Development
,
Golf
,
Rural
Amenities & Services
Management
Full Description
We are offering a final opportunity for you to purchase a studio or 1-bed apartment with 90% mortgage (possibly 100%) in Belleme, France. This hands-off investment in the heart of the Normandy countryside is located on an exclusive golf course and in one of the best protected historical towns in Normandy. The development is easily accessible and only a short drive from both Paris and Le Mans.
Investment Summary
5.5% NET guaranteed rent for 9 years
Rental income index linked every 3 years (to the French cost of construction index) with NO cap
Fully managed, hands-off investment
First year rental income paid upfront
6% cash-back from developer
Notaire fees paid by the developer
90% finance of the net price (subject to status) and up to 100% LTV on a case-by-case basis
VAT paid by the developer
4 weeks personal usage per year
Only 1 property left!
Delivery from March 2010With finance readily available, this is a fantastic and last opportunity to invest in a very picturesque and highly desirable area of Normandy.
WORKED EXAMPLE
Net purchase price including furniture: €;195,652
Reservation Process
2% reservation deposit: €;3,913
Capital repayment: 90% LTV mortgage (subject to status)
Mortgage amount: €;176,086
Interest rate: 3.66%
Term: 25 years
Mortgage repayment inc compulsory life insurance: €;946 pcm
NET rent: €;896 pcm**
Amount needed to top up mortgage payment: €;50 pcm
Cash returned on completion:
6% cash-back from developer: €;11,739
This cash back could be used to cover the difference between the rental income and the mortgage and running costs for up to 7 years!
**rental figures based on 9 year guaranteed rent at 5.5% net (net of all management charges)
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