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Property for sale information

 
France / Cannes / from €150K  
Reference nr: NE197470
Description:

The investment:
> Leaseback for 9 years with Pierre & Vacances
> Guaranteed rental return up to 3.50% per year index linked
> Opportunity for personal holiday usage
> Opportunity for Freehold
> VAT rebate
> No maintenance fees or management cost
> No insurance or furniture cost
> 10% deposit
> Monthly repayment on interest only: € ….

Apartments:

Studios 22.50/26.60 sqm €150K
1 bed apartment 27.10/35.20 sqm €200K
1/2 bed apartment 33.90/41.00 sqm €270K

Location:

Cannes Francia is located in one of the most beautiful and residential neighbourhoods of Cannes. Recently it has become the area with fastest growing prices, because of the wonderful views, easy access to Cannes downtown and to the Croisette, as well as being located in a peaceful, elegant and calm area. There is a shuttle service that goes down the green and the residential hill to the Croisette in 5 min. Villa Francia has kept the original gardens of an Italian Renaissance villa and they are constantly being improved.
The residence is only 1 km from the sandy white beaches of Cannes

Residence:

The Ingres building is located in the heart of the residence, overlooking the Mediterranean Sea and the Lerins Islands.
Thirty apartments are part of the Ingres two-storey building and have recently been completely refurbished and modernized. The decoration, furnishing and fittings are all of high quality. All apartments have a loggia or terrace with sea views.

Completion date: August 2008

Facilities:

- an overflow swimming pool perched above Cannes bay,
- tennis courts, games area, sports pitch,
- a bar, an excellent restaurant and a well stocked food store

How to get there?

- Nice Cote d’Azur International airport (Ryanair and Airlingus) is 35 km away
- Cannes TGV station

Bedrooms: Bathrooms: Price (€):
1 1 200,000
0 (studio) 1 150,000
2 1 270,000
Features:
Beach
City
Furnished
Private Swimming Pool
Submission Date:
02-01-2008
Last Update:
02-19-2008
Advertiser Details:


Name:
Niamh Erbek

Company:
Pierre Vacances

Phone:
+353 (1) 483 0846
Fax:
+353 (1) 483 0847
Mobile:
0872439555

 
Property Photo Gallery

 

property photo

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Calculators

 
Property price: €150,000
 

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