New build residence with pool situated on the edge of the pleasant medieval town of Castries, close to Montpellier in the heart of he Languedoc. Guaranteed income rental available through 10 year leaseback contract. Six month personal option usage !A select "three star" holiday development comprising 54 charming one and two bedroom villas with swimming pool on the edge of the pleasant medieval town of Castries, 13km from Montpellier due for delivery March 2008.
Set within a pleasant 2 hectare leafy domaine on the entrance of the village and pine forest "Le Mas des Cigales" offers a tranquil setting in which to enjoy the relaxed mediteranean life style and superb climate of the Languedoc. As well as an area of natural beauty ,the countryside is rich in historical monuments with Roman aquaducs, medieval castles and other architectural gems. The international golf course at Massane is 10 minutes away and the development is within easy access of the university towns of Nimes and Montpellier and the mediterranean coast.
"Le Mas des Cigales" development offers two purchase options. A mix of 28 leaseback apartments and houses, with a full refund of VAT which provide guaranteed rental incomes of 4.3% secured through a rental contract with Grand Bleu one of the principal French holiday mangagement companies. See www.grandbleu.fr
For more flexible personal usage an alternative package is offered on a further 26 properties. Owners can benefit from guaranteed rental incomes purely through Summer lettings whilst having up to 6 months free personal usage during the rest of the year. An ideal opportunity for owners not tied to holidaying in the peak months or for those who wish to spend part of the year in their " maison secondaire" in warmer climes to avoid the harsher Northern European winter !
The one and two bedroom properties range in size from 46m to 53m2 with net purchase prices from €135,800 to €162,200 without Vat under the leaseback agreement. Vat at 19.6% would be applicable if purchased for the 6 months personal usage option.
A development such as this offering such flexibility is highly sought after in this area and local French demand will be extremely high. This development goes to open market Tuesday 28th March and we anticipate it will be sold out by the end of the day.
We would now invite all interested parties to contact us immediately to register their interest, view sample floor plans and be placed on our priority list to move swifty to full reservation.
