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Key selling points
- Buy to Let Investment
- Rental Income secured by insurance contract
- Residential development
- 3, 6 or 9 year letting agreements
New buy to let residence situated in France’s third largest city, Marseille, offering rental returns of to 4.7%.
The town:
Benefiting from a strategically advantageous location, Marseille is situated between the heart of Europe and the Mediterranean and is in economical terms, the most important city in the South of France.
The centre of Marseille has witnessed over 2000 years of history and is rich in unique architecture (the Neo Classic Opera, Town Hall, Palais de la Bourse 2nd Empire) offering a mosaic of harmony and diversity.
On the doorstep of Provence, each year Marseille attracts more visitors (3 million in 2005, both tourists and businessmen) to the town and it’s mythical locations (La Canebiere, the old port), it’s traditional villages and its huge welcome.
The exceptional sunshine and the magic of the preserved environment offers its inhabitants a location full of natural beauty. Each year, over 8000 new residents move into the city charmed by its history and potential. This is reflected in property prices, that are rising at a rate of between 10 – 15% per year.
The Development:
The residence will be composed of 41 properties divided into two buildings, ranging from one bedroom apartments to 3 bedroom apartments.
The development will be located in the hills of Marseille between Cassis and Marignane and will be in a residential area benefiting from fantastic views over the “arriere pays” (traditional countryside).
The area is rich in local facilities, including schools, shops and transport links.
The sober architecture of the residence will reflect local traditions ensuring the development blends in perfectly with the Provencal surroundings.
Functional and spacious the apartments will enjoy large balconies or private gardens.
Prices:
One Bedroom: from 39,00 m² to 40,70 m² + Balcony or terrace of 5,75 m² to 8,75 m² + Parking : Price from 126 229 E to 151 850 E.
Two Bedroom : from 64,40 m² to 72,00 m² + Terrace of 10,70 m² to 23,70 m² + Parking : Prie from 202 691 E to 260 604 E.
Three Bedroom : from 81,05 m² to 82,00 m² + Terrace of 10,70 m² to 12,75 m² + Parking : Price from 269 784 E to 290 555 E.
These properties are not being sold under the leaseback scheme, but as buy to let properties which allows more flexibility for owners looking for a shorter term investment. The residence will be managed by an established management company and the properties will be leased for 3 years at a time (standard lease time in France for residential lettings).
The rental yield ranges up to 4.7% based on the VAT INCLUSIVE purchase price. Please contact us for more details.
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