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Property for sale information

 
Vanina Park, Corte, Corsica, France  
Reference nr: MD774387
Description:

Vanina Park is a student residential development with a majority of Sudtios but also 1 and 2 bed flats. Vanina Park offers tranquility and security as a private and residential establishment. With 4 buildigns each with 6 floors linked together by a huge central patio, this residence blends in perfectly with the town scenery. The apartment's private terraces as well as their clearm, unobstructed views offer a perfect haven for student residents.

The Residence
- Private Gym
- Communal Breakfast Room
- Laundrette
- Reception Area
- Main Entrance secured with Access Cards
- Fully furnished with TV
- Secured Multipoint Door lock
- Dual Air hot and cold airconditioning
- 2 phone sockets
- Fully Equipped Kitchenettes
- Fridge, Hob, Microwave
- Fully fitted bathroom with shower and silenced flush toilet
- Desk with Armchair
- Cupboards and Shelves

The Investment
- High Demand
- Yield paid monthly
- Retun of Vat 8%
- Yield 5.45% to 5.65%
- Completion due 3rd quater 2008

The Access
- By Plane: Ajaccio- Bastia
- By Ferry: Marseille- Bastia
- By Train: 230km of Railways throughout Corsica
- By Car: Bastia 72km - Ajaccio 82km - Porto Vecchio 112km

Situated in the Centre of Corsica, Corte is the lifeblood of the area. Its vibrancy is mainly due to its university the only one in Corsica with 3800 students, or 57% of the population attending from across the whole island. This is a town with its sights set firmly with the future and which has seen a significant boost in its student population considerably higher than the figures for France as a whole. The doors are wide, Corsica is the perfect combination of sea and sunshine, with snow capped mountains looming over beaches full of abthers, famous scrub land and lush forests, streams, high mountain pastures, summits and peaks. Every twist and turn reveals a differetn view, and beyond every mountain pass lies another world. This island with its rich array of outstanding panoramic scenery, constantly entices you to explore. The town of Corte is the most important populated part in Central Corsica, with a population density of 42 inhabitants per km2. The most recent census counted 6693 inhabitants and 3800 students registered at the university.
Pasquale Paoli University has 2 campuses. Caraman Campus is home to the faculty of arts and the faculty of law, in addition to the IAE business institute. Grossetti Campus accomodates the Faculty of Sciences, the Health department and the Environmental Institute. A state of the art library, a cultural as wella s a third campus are in the pipeline for 2015.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 59,000
Features:
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: €59,000
 

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