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Property for sale information

 
Residence Hôtel du Palais des Congrès - Epernay Champagne District  
Reference nr: PC870435
Description:

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.

Bedrooms: Bathrooms: Price (€):
0 (studio) 70,000
Features:
Submission Date:
11-27-2007
Advertiser Details:


Name:
Pat Cody

Company:
Marlborough International Property

Phone:
00353 1 4964134
Fax:
00353 1 496 4135
Mobile:

 
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Calculators

 
Property price: €70,000
 

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