The Nova Park is a Business/Tourism Residential Development with 113 apartments and 33 covered Car park spaces. The apartments are designed to cater for 2 people (possibly 4). The residence is ideal for short to medium term occupancy. Nova Park benefits from all the amenities of a City Centre close to Paris. It has been especially built for a business clientèle to meet the needs of the residences from the Gustave Roussy Institute, National Centre for Cancer Research (Largest in the EU)

Selection of studio to 2 bed apartments
Yield: 4.91% to 5.12%
Leaseback: 11years 11 months
Completion due: Early 2009

Area
The Paris region of Ile de France is Frances foremost centre of economic activity. With €478.7 Billion it produced more than a quarter of the gross domestic product of f?rance in 2005. With La Defense, the largest purpose built buisness district in Europe it hosts the head offices of almost half of the major French companies as well as the headquarters of ten of the worlds 100 largest companies. Paris also hosts many international organizations such as UNESCO, OCD, the ICC. It is regarded as one of the worlds 4 major global cities.

The Residence
- Lift & Stairs to all floors
- Luggage Room
- Reception area
- Disabled Facilities
- Fully furnished with TV
- Telephone Socket
- Electric Heating
- Fully fitted Kitchenette with dishwasher
- Fridge
- Vitroceramic Hob
- Microwave
- China & Crockery
- Fitted Bathroom with shower, bath and fan radiators
- Cupboard and Shelves
- Sofa
- Secured entrance doors
- Double Glazing

The Investment
- High rental demand from the Institute
- Yield paid quarterly in advance
- Purchase is without VAT
- Index linked income
- No Self Occupancy Scheme
- Tax efficient investment vehicle
- Amotization over 30 years over 30 years for income tax purposes
- Mortgage interest deductivle against rental income
- Rent reviewed every year
- No penalty charges after the first lease term cancellation