The KAELIS business residence is ideally located at the heart of shops in the town centre of Perpignan, a charming Catalan city.

The development is more than a standard residence with quality apartments, it offers a full range of extra-services in order to guarantee comfort and well-being to each one of the residents (reception, cleaning, breakfasts and linen supply.)

Angle Av General Leclerc et rue Marguerite Jaulent "Espace Mediteranee Ilot 3" 66000 Perpignan is right next to the city centre and has a complete range of extra services.

Perpignan is situated 1 hour away from Paris by plane and 45 minutes from Barcellona by TGV Train.

We have 44 Studios available in this Perpignan lease back investment scheme which will be completed in September 2008. The start date of this nine year lease is 01/09/2008 and will have yields from 4.45 to 4.5417% The firstt rental payment will be 31/12/2008.

Leaseback property has been around for two decades in France and was introduced by the French government to increase the quantity of quality holiday accommodation available in areas capable of attracting more tourists.

The leaseback scheme enables you to purchase freehold a property which you then earn a guaranteed rental income from. When leaseback schemes are sold, there is a pre-selected property management company to whom you "leaseback" your property for a period which usually ranges between 9 and 12 years.

During the period you leaseback your property to the property management company, you have the peace of mind of owning property and benefiting from a guaranteed income, yet none of the hassle related to letting out and maintaining the property! This is one of the reasons why the leaseback scheme is so popular and that there is not enough supply to meet demand.

Depending on the development you can usually use your property for a certain number of weeks per year for holidays although this differs from development to development. Some developments will offer owners discounted use (usually ranging between 10 –25%) instead of free weeks whereas others (usually those located in cities offering a higher yield) may not offer any use either free of charge or at a discount.

The guaranteed rental income tends to range between 2.5% and 6% per annum depending on the property, whether you will be taking your holidays in it and where it is located. Different property management firms offer different rental incomes, but in general the less you use your property the higher your yield will be.

The deposit required is 5% of the TTC price excluding furniture.