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Property for sale information

 
MARSEILLE -FRENCH COAST APARTMENTS  
Reference nr: NE516952
Description:

Leaseback for 9 years with Pierre and Vacances.
Guaranteed Rental Income: 4% per year index linked
Monthly Repayment on Interest only: € 66.00 per month
No maintenance fees or management costs
No furniture or insurance costs.

Situated on the world-renowned French Mediterranean Coast, Marseille soon looks to be able to rival its more famous neighbours, Cannes and Montpellier. A recent plan, known as the ‘Euromediterannee’ project has been instigated by the French government and has allowed Marseille to emerge as a city with big investment potential.

Along with the renovation and refurbishment of the port, metro, tram and shopping streets, not to mention the high-speed TGV train link to Paris in a mere 3 hours, Marseille has seen a surge of new property development projects including new hotels, houses and apartments. The new Marseilles Saint-Charles development is located in the heart of the city near to the Saint Charles station, the newly renovated shopping avenue, ‘Rue de la Republique’ and only 10 minutes from the Old Port and the Canebiere.

The new building will consist of 9 floors and 127 modern apartments of studios and 1 bedrooms. Each apartment will be equipped with quality furnishings and fittings.

Facilities:

Equipped kitchenette, heating & air-conditioning unit, laundry, high speed internet access & 24 hour underground parking.
Landscaped gardens, terraces, reception & breakfast room.

Available are Studio and 1 bedroom apartments.

Bedrooms: Bathrooms: Price (€):
1 1 142,000
Features:
Beach
City
Submission Date:
07-19-2007
Last Update:
08-30-2007
Advertiser Details:


Name:
Niamh Erbek

Company:
Pierre Vacances

Phone:
+353 (1) 483 0846
Fax:
+353 (1) 483 0847
Mobile:
0872439555

 
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Calculators

 
Property price: €142,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations