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Property for sale information
Residence Hôtel du Palais des Congrès - Epernay Champagne District
The most famous champagne producers amongst the many grand houses and mansions lining the Avenue de Champagne allow Epernay justly to lay claim to the coveted title of the Capital of Champagne.
Return: from 5% to 5.40%. 70 units from studios to 1beds, from 18m2 to 43m2 in a typical old building from the last century, overlooking the vineyards. Off-plan (full renovation) project with bank guaranty. Prices without vat and purchase costs start from €70.000 for a studio. Vat is paid by developer. 100% mortgages available. Deliver October 2008.
Epernay is internationally famous as the Capital of Champagne. It's a town of about 26,000 people within a larger community of some 40,000 inhabitants. With its magnificent setting, its vineyards and cellars, the town welcomes nearly 450,000 visitors each year, half of whom come from outside France meaning that Epernay is at the centre of a significant international market. The development is only 500 meters far from the city centre and the vineyards. At the same time Epernay is a very enjoyable touristy place few miles away from Reims and only 30 minutes from Paris with TGV.
The resort will be managed by ATRIUM and the rentals will be covered by an insurance. Atrium is a well-known management company with more than 5 resorts in France.
A perfect location, reasonable prices compared with market and competition and above an attractive return will make this purchase a prime property investment in France.