THE LOCATION

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. 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.



THE RESIDENCE

The residence will be located in a wooded park and will comprise 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.

• 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

DETAILS

Price and size range:

Studio apartments priced from 60 000 to 72 000 euros measuring 20-24 sqm

1 bedroom apartments priced from 106 000 to 149 000 euros measuring 35-49 sqm

2 bedroom apartments priced from 176 000 to 188 000 euros measuring 58-62 sqm

*prices are net of VAT and include furniture cost

New/Old property: New build (French notary fees are approximately 3%).

VAT: VAT will be advanced by the developer on the client's behalf.

Total units: Leaseback units: 118 total apartments located in buoldings C, D, E and F (only 80 apartments will be sold with a parking space).

Classic units: 20 semi detached cottages for sale in building H and 32 apartments for sale in buildings C and D (all units will be sold with a parking space).

Parkings: YES

Extras: Automatic gate, lift, digital code entry and call phone, broadband and satellite television, 200 sqm heated indoor swimming pool, barbecue area, conference room, reception, breakfast, housekeeping and laundry.



LEASE

Occupation possibilities: YES

Payment of the rent: Quarterly in arrears

Rent indexation to the cost of construction rate: Revised every 3 years and subject to the indexation variation published by the INSEE without exceeding a 1.5% increase per year.

Lessees: Tourists



ACCESS

CAR: Free dual carriage ways between Rennes/Lorient, Ploërmel/Vannes, Nantes/Vannes

A11 l'Océane : Par