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Property for sale information

 
Plescop, Vannes, Brittany  
Reference nr: AM297864
Description:

We are very pleased to inform you about the launch of a new business and tourism residence situated in Plescop, close to Vannes( Britanny). Launched Nov. 15th 2007

Excellent location in Brittany benefiting from beautiful jagged coastline with cliffs, panoramic views over sandy beaches, exceptional seaside resorts and lively commercial and unspoilt fishing harbours. In the South lies the Gulf of Morbihan, an amazing inland sea dotted with islands. This area is a real haven for seabirds and a sailing paradise.

The residence will be located in a wooded park and will comprise of 150 apartments and cottages with terraces and a heated swimming pool as well as a water therapy Spa. Investors will have the option of using their property for 2 weeks per year for holiday and will be paid a guaranteed rental income of 4.6% per year. This means that investors will have access to their property in this outstanding tourist area for years to come.

This area has been rated #1 in France for economic growth. The area comprises 24 towns and boasts a population of 135 000 inhabitants. There are over 9000 companies installed in this area focusing on water sports and technology. Approximately 1 billion euros were generated in 2006-2007 by tourism in Morhiban. The area boasts a moderate student population of 6000 that is currently on the rise. The location is unbeatable, only 3 hours from Paris and 1 hour from Rennes and Nantes.

• Minutes from the Golf of Morbihan, beaches and Vannes
• #1 in France for economic growth
• Wooded park with a small lake calm and green surroundings
• Water therapy Spa and fitness centre on-site
• Outdoor heated swimming pool and barbeque area
• VAT tax refund of 19.6% of the total sale price
• Guaranteed rental income of up to 4.6% paid net

Business and tourism residence
⇒ 150 apartments and 20 individual cottages split between 12 buildings
⇒ From Studio to 3bedroom, with car parking and terrace
⇒ Living surfaces between 20 and 68 sqm
⇒ Sales price ex VAT around 2.900€ per sqm(The developer reserves the right to make modifications)
⇒ Ready to be signed on: Phase 1: 2nd quarter 2008 - Phase 2: 3rd quarter 2008
⇒ Delivery estimation: Phase1: 3rd quarter 2009 - Phase 2: 4th quarter 2009

Services:

⇒ Fitness area and balneotherapy
⇒ Reception and breakfast
⇒ Heated swimming pool (around 200 sqm) and BBQ/grill/area
⇒ Apartments and cottages fully furnished and equipped
⇒ Elevator in the buildings C to G
⇒ Collective satellite dish
⇒ Internet access in the apartments and « Wi-Fi » areas (swimming pool, restaurant, reception).
⇒ Digital lock & entry phone linked to the reception
⇒ Fully secured access to the residence (reading your number plate)

⇒ Management provided by Village Center Gestion (subsidiary of the Group Promeo)

Location:
⇒ Exceptional land including a pond , situated 2kms from the city centre of Vannes
⇒ Close to: a nursing home, a business area, a commercial centre
⇒ 10 kms from the beaches

Bedrooms: Bathrooms: Price (€):
0 (studio) 59,749
1 1 106,405
2 169,000
Features:
Beach
City
Furnished
Golf
Spa
Submission Date:
11-15-2007
Advertiser Details:


Name:
Anita McGuire

Company:
Property Paths

Phone:
065 6823988
Fax:
065 682 3961
Mobile:
087 6336284

 
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Calculators

 
Property price: €59,749
 

Mortgage

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ROI

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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 (€) **
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Notes:
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** 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.

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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