Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Nova Park, Villejuif, Paris / Ile de France, France  
Reference nr: MD476043
Description:

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

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 110,000
Features:
City
Submission Date:
11-01-2007
Last Update:
06-23-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
Property Photo Gallery

 

property photo
 
Calculators

 
Property price: €110,000
 

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