3.95% NET GUARANTEED RENTAL INCOME
9 YEAR LEASE

One Bedroom 31m² to 33m² €162,000 to €171,000
Two Bedrooms 47m² to 47m² €194,000 to €194,000
Three Bedrooms 56m² to 57m² €220,000 to €221,000
Prices exc VAT at 19.6%

THE LOCATION
The residence is easily accessible by train using the Condat-Le-Lardin station that is only 10 km from Montignac-Lascaux or by air using the Perigueux-Bassillac Airport located only 45km from Montignac-Lascaux. New build 4 star Leaseback residence nestled within the Perigord in Montignac only 1 km from Les Grottes de Lascaux. Perigord is located in the French department of Dordogne, now forming the northern part of the Aquitaine region. The area is noted for its cuisine, more particularly its products related to ducks and geese, such as foie gras. It is one of the truffle areas of France, historically the most famous. Perigourdine wines include the famed Bergerac and Monbazillac.

THE RESDIENCE
The development will comprise 119 fully furnished and equipped spacious apartments priced from 3960 euros per square metres (average price excluding VAT). Apartments will be fully managed therefore owners will benefit from a hassle free investment, no need to find tenants or handle maintenance. Residence facilities will include a heated semi covered swimming pool, multi sports pitch, Sauna, Steam room and Gym, 2 storey reception building and 24 seated conference room.

THE PROPERTY
Owners may rest assured that their rents will be guaranteed and paid on time. In addition, owners will be able to use their residence for up to 8 weeks per year or any other residence guaranteed by the same management company with a 20% discount off the public rate. Attractive holiday usage options give investors the freedom to vacation where and when they want!

PROPERTY DETAILS
Price and size range:
One Bedroom 31m² to 33m² €162,000 to €171,000
Two Bedrooms 47m² to 47m² €194,000 to €194,000
Three Bedrooms 56m² to 57m² €220,000 to €221,000
New/Old property: New (French notary fees approximately 3%).
VAT: Client pays only the VAT on the furniture and 3.21% VAT (based on the net apartment and net parking cost) in advance. This amount is refunded 3-6 months after building completion. The remaining VAT is advanced by the developer.
VAT refund: Gefi Grenoble
Total units: 119
Extras: Heated indoor swimming pool, multi sports pitch, Sauna, Steam room and Gym, 2 storey reception building, 24 seated conference room.

LEASE
Rental income: Up to 3.95% paid net (based on net apartment price excluding parking and furniture).
Occupation possibilities: YES
Up to 8 weeks per year with a reduced rental income please see 'Packs' for explanation and calculation details.
Discount: YES
This option is non contractual and independent from the conditions of the Lease. It allows the Lessor to occupy his apartment or a similar apartment in the residence depending on availability at the public rate less a 20% reduction. the Lessor may, in addition, receive a reduction of 20% on public rental rates for all VACAN