Le Moulin Neuf
Manosque ~ Mediterranean Coast ~ France

4.70% NET GUARANTEED RENTAL INCOME
10 YEAR LEASE

Studio 19m² to 23m² €74,000 to €89,000
One Bedroom 32m² to 39m² €123,000 to €149,000
Prices exc VAT at 19.6%

THE LOCATION
Montpellier defines itself as the lively capital of the Languedoc-Roussillon, recognized as the 3rd French touristic region. Walking through the old town and its many fountains, savouring a cup of coffee on the famous place of the Comédie, getting carried away by its prestigious cultural events, supporting its high level sport teams or basking in the sun, it’s all the magic of Montpellier!

THE RESIDENCE
A student residence development in France's fastest growing city, Residence Artemisia has a foothold in this unbelievably successful market that boomed the 90's and continues to flourish today. This residence will be managed by one of France's most diversified management companies.

THE PROPERTIES
These modern, high tech apartments are extremely well-suited for renting to the ever present student and professional population in Montpellier. Owners will benefit from the professionalism and unbeatable management services that will allow for their acquisition to multiply in value and worth.

DETAILS
Price and size range:
Studio apartments priced from €74 000 to €89 000 measuring 19-23m²
1 bedroom apartments priced from €123 000 to €149 000 measuring 32-39m²
*prices are net of VAT and include furniture costs
New/Old property: NEW (notary fees approximately 3%).
VAT: VAT is paid by client and refunded 3-6 months after building completion.
Total units: 103 total unit ground floor + 4 floors (studio to 1 bedroom apartments).
Extras: Laundry facilities, reception, housecleaning, breakfast area, automatic shutters, flat screen plasma TV's, elevator

LEASE
Rental income: Up to 4.7% paid net (based on the total net price excluding furniture).
Lease duration: 10 years
Management Company: Gestrim Campus

ACCESS
By plane
International airport the Montpellier-Mediterranean:
Flight Companies: Ryanair, Air France, British Airways, Regional Airlines, Air Algeria, Sterling, Norvegian
Airport of Montpellier
By the road
A9 Motorway
Entry East: Lyon, Nice, Marseilles by the A9 motorway "the Languedocien"
Western Entry: Barcelona, Toulouse, Carcasonne, Perpignan by the A9 motorway "the Languedocien"
A75 motorway
Northern entry: Paris, Clermont Ferrand by the A75 motorway "the Meridian "
Motorways of the South of France
By the train
SNCF railway station: centre town, place Auguste Gibert
Mediterranean TGV: Marseilles - Montpellier in 1h30 and Paris-Montpellier in 3h15

COMPLETION DATE
3rd QTR 2008

Deposit od 5% required to reserve a property