Ref: 1002025

The Development

Leaseback Investment

Type: From 1-bedroom to 3-bedroom + cabin apartments

Price to get finance: From €147,000 to €274,000

Guaranteed yield: 4.35% excl.VAT

Personal usage: Yes, 20% discount

Lease length: 9 Years

Delivery date: 4th Quarter 2013

Facilities: Swimming pool, Balneotherapy, fitness room, sea view, fully furnished and equipped, close to shops

Key Advantages in this Investment

Meters away from the beach

3 stars development

Close to the shops

Swimming pool

Fitness room

Balneotherapy

The Development

The 3-star leaseback residence developed in the centre of Mimizan halfway between Bordeaux and Biarritz. This development is only meters away from the beach along the French Atlantic Coast in the South of France. The Landes region is famous for its vast pine forests and long sandy beaches. Ideally located between the Bordeaux Airport (100km) and the Biarritz Airport (100km), Mimizan is a tourist city with over 10 km of fine beaches and plenty of water-sports including Jet Ski, wind surfing, horse riding, biking and golf.

Leaseback scheme with maximum guaranteed rental is 4.35 % net of VAT (no stay) over an initial lease period of 9 years, renewable. The management company offers 20% discount for stays in your property. VAT financing is organized by the developer and investors pay only amount up to net of VAT.

Leaseback Investment

Price to finance

1-bedroom living surface 42sqm-49sqm: From €147k to €175k

1-bedroom + cabin living surface 41sqm-43sqm: From €149k to €168k

2-bedroom living surface 54sqm-64sqm:  From €175k to €256k

2-bedroom + cabin living surface 51sqm-74sqm: From €173k to €222k

3-bedroom living surface 73sqm-77sqm:  From €214k to €232k

3-bedroom + cabin living surface 74sqm: €274k

Location

About Mimizan

Halfway between the Arcachon Basin and the Basque Country, between fine sandy beaches and the lush pine forest, Mimizan Beach looks out over the immense expanse of the Atlantic Ocean. The restaurants, bars and shops that line the alleyways of this resort make it a lively place to be.

There are many activities available to enjoy the fresh air and make the most of the benefits of the ocean; around 200 kms of cycle paths link the seaside resorts from North to South and a number of circuits cross the Landes forest in the direction of the inland villages. Thus, the residence and the location provides a complete family-oriented environment. Among the activities worthwhile to mention are: VTT, Horse-back riding, Golf, Walking, Water sports, Tennis, Archery, Parachuting, Fishing...

From the green hillsides of Armagnac up to the sea, the Landes is made up of dream spaces offering various activities. Chalosse, Tursan, Bas Armagnac, with their evocative names, form the Landes hinterland. In a region of great gastronomic tradition, these terroirs guarantee the quality of their agricultural products and the savour of their local dishes.

Sites to discover

- The clock tower entrance which has been classified as a UNESCO world heritage site

- The Flower Walk: a floral haven situated in a cove on Lake Mimizan with more than 300 plant species on a listed 340 hectares site.

- The Maison du Pin: discover products made using maritime pines

- The Cite du Bois

- The Abbaye de Mimizan, listed as a historic monument since 1986

- Mailloueyre lakes and natural reserve

- Dax bull-fighting ring (less than 1 hour away by road)

Access:

By plane:

    *  Bordeaux Marignac Airport (120 km)

      Shuttle between Bordeaux Marignac airport and St Jean station

    * Biarritz Parme airport (106 Km)

    * Mimizan airfield

By car:

    *  Bordeaux (120 km) :

      A 63 then RN 10; take exit 16 (Labouheyre) then D 626

    * Toulouse (245 km) :

      A 62 then take exit 6 (Damazan) then D 8, D 933 and D 626

    * Bayonne (111 km) :

      A 63 then RN 10; take exit 15 (Cap de Pin) then D 44

By train:

    *  Bordeaux (TGV) 120 km

    * Dax (TGV) 75 km

    * Labouheyre 27 km

    * Morcenx 35 km