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Key selling points
- GUARANTEED RENTAL INCOME UP TO 5%
- Facilities include seminar space, fitness centre and sauna
- Office space, terrace apartments, swimming pool and solarium
- 4.4% net rental return with 3 weeks of personal holiday use
- Residence will be managed by France's best servicing agent
- Completion scheduled for 4th quarter 2008
Residence Virgina exclusive leaseback release!! Excellent location in the charming town of Grasse a commune of the Alpes-Maritimes region on the French Riviera.
Grasse is the centre of the French perfume industry and is known as the world's perfume capital producing over two-thirds of France's natural aromas. This industry turns over more than 600 million euros a year. Grasse has been a popular tourist town for several centuries, with the smell of flowers and clear air. Tiny streets wind forever between the 17th and 18th century buildings, up and down ancient steps, passing through arched tunnels and sometimes opening out onto large squares.
Residence Virginia is offering the investor a leaseback agreement for an inital period of 9 years. Under this agreement one of France's top management companies will guarantee up to 5% rental yield on the property. The management company is responsible for: marketing the property, maintenance, cleaning, repairs and changeovers. Owners of the prop
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