4.29% NET GUARANTEED RENTAL INCOME
11 YEAR LEASE

One Bedroom 30m² to 30m² €110,000 to €110,000
Two Bedrooms 40m² to 40m² €152,000 to €152,000



Prices exc VAT at 19.6%

THE LOCATION
Top rated destination chosen by over 2 million tourists per year boasting an excellent location in Borgo close to Bastia, 15 minutes from the Bastia Airport, 20 minutes from Bastia centre, in the Marana region of the island of Corsica. The beauty of Corsica is incomparable, with its clear waters, romantic beach castles, quiet corners reached by antique island trains that run through lush pine forests. Corsica is one of the most beautiful places on earth and by far the most unforgettable.

THE RESDIENCE
The residence comprises 100 total lodgements that have been entirely renovated this year. Kitchens are fully equipped and completely new and ready to use. the residence will be fully managed by one of France's most renowned groups, taking care of everything from finding tenants to residence up-keep. Rental income will be guaranteed by a commercial lease and paid directly via the management company to property owners. The management company backing this project boasts an impressive portfolio with over 157 destinations in France and throughout the world servicing over 65 000 beds and hosting over 700 000 clients per year.

THE PROPERTY
Owners will have direct access to Corsican beaches, only steps away from your front door. The residence boasts an excellent placement in the heart of an 18 hectare pine forest. In addition, owners will benefit from top quality facilities include:

300 square meters outdoor swimming pool
Children's pool and beach area
Restaurant, beach bar, library, laundry facilities and wireless internet cafe
Tennis courts, basketball court, beach volley court
Families are welcome as there is plenty to do even for the kids who can pass their time at Leoland, their own private getaway for fun and games. Adults may take up wind surfing or Jet Ski in the nautical area right off the beach.

PROPERTY DETAILS
New/Old property: Light renovation BUT French notary fees are approximately 3% (this has been negotiated exceptionally). Residence was renovated in June of 2007.
VAT: Client pays VAT ONLY on the furniture (320 euros) and this is refunded a few months after closing.
Number of Units: 310 total units (102 renovated).
Extras: Outdoor swimming pool with beach area, beach bar, children's club, restaurant and snack, terraced apartments.

LEASE
Rental income: Guaranteed rental income up to 4.29% paid net (based on total net price excluding furniture) (NO USE).
Occupation possibilities: YES: vacation credit equalling 2 weeks with a reduced rental return (details need to be confirmed).
Lease duration: 11 years
Management Company: VVF Vacances
Construction: VVF
Payment of the rent: Quarterly in arrears (April 30th - July 31st - Oct 31st - Jan 31st).
Rent indexation to the cost of construction rate: Revised every 3 years and subject to the indexation variation (IRL) published by the INSEE but not exceeding 2/3 of the index or a 2% augmentation per year.
Lessees: Tourists