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2 Bedroom House in Bormes les Mimosas, France

Only £1,038,492   starstarstarstarstar
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Cash Positive Leaseback In The Dordogne From Only €102,500

Last Updated2012-02-07
Created Date2012-02-07
local price (EUR)102,500 Euro
UK price£84,480
RegionAquitaine - France
TownAquitaine
State of PropertyReady for occupation
Description
This secure gated residence is located in an authentic Perigord city, Les Eyzies de Tayac, neighbouring the Vezere valley. There is plenty to suit every taste, with the Dordognes vast history of chateaux, abbeys, prehistoric sites combined with a multitude of outdoor pursuits including hiking, horse-riding, canoeing, golf and of course, its gastronomy with its traditional markets offering local foie gras and the famous Bergerac wines!


The properties are fully furnished, managed by an experienced leisure operator and offer guaranteed rental incomes along with highly discounted prices for personal usage.


On site you can enjoy the swimming pool, spa and fitness centre, bowling alley and childrens play park.


An added benefit is that all property owners are offered access to resorts all over France for further holidays!


* subject to status




Investment Summary:


Leaseback apartments sleeping from 4 to 6 from only €;102,500

4.2% NET guaranteed rental income

Rental income index linked every 3 years

Fully-managed, hands-off investment

Up to 100% mortgages* and rates starting from 2.7%*

Fully furnished with high specification fixtures and fittings

VAT paid for by the developer

Terrace and/or garden

Parking space included in price

Flexible usage

Delivery - 3rd quarter 2011


* subject to status


Worked Example:


Interest-only 100% mortgage*


Apartment that sleeps 4


Purchase price: €;102,500


Mortgage amount: €;102,500

Interest rate: 3.10%

Mortgage term: 20 years


Interest-only payment: €;3,168 pa

Guaranteed NET rental income: €;4,308 pa**


Cash positive by €;1,140 pa!


* subject to status

** rental figures based on 10 year guaranteed rent at 4.2% (net of management charges)


Other finance options are available, contact us to request more details




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