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Investment Property » For Sale » France » Alpes De Hautes Provence » Gap    

Gap


Location

France
Alpes De Hautes Provence
GAP

Price

€160,500
to €236,000

Delivery date: 2nd quarter of 2008
Max rental return: 5.49%
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Property ID: 277671












     
 

 Description

OUTRIGHT OR LEASEBACK

about Gap

The busy Departement town of Gap is an important traffic junction on the Route Napoléon; it lies on the River Luye in the north of Provence and in about the same latitude as Montélimar. Gap has a charming situation, with a backdrop of the Alps to the north of the town. Its pleasant climate has led to its becoming a popular health resort and it has a good reputation as a base for winter sports.

The place was already populated when the Romans penetrated into this region. Almost every trace of the Roman settlement of Vapincum disappeared during the succeeding centuries, especially as the place lay on the crossing of important north-south and east-west routes and was always much sought after and consequently fought over. In the 558 the Lombards sacked the town; in 1650 plague removed two-thirds of the population, and in 1692 Savoy troops burned down almost all the houses. In March 1815 Napoleon arrived on his way back from Elba and passed through Gap on his march to Paris.

NEW ON THE MARKET!

The Pro’s

- Guaranteed income for up to 9 years (indexed linked)
- Flexible commercial lease with breaking point after year 3 and 6,
- No need to buy the furniture,
- Possibility to break the lease and move into the property at anytime
- Council Tax and service charge paid by the tenant
- No council tax for the 1st two years
- Property entirely managed and looked after
- Reduced notary fees

The Con’s:

- No personal usage allowed for the full length of the lease, unless you break the lease

The Cost:

- 10% of rental income paid to the management company - Land tax (€7 per sqm per annum)

Arriving by plane

Four airports in the Provence – Alps – French Riviera region:
- Two international airports - Marseille-Provence and Nice CĂ´te d'Azur (French Riviera)
- One European airport - Toulon-Hyères
- One national airport - Avignon-Caumont

 
     
     
 

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