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Le JARDIN DU 7ÈME ART, located less than 10 minutes from the Breton capital makes a profit by its central situation in Rennes.
In the heart of Brittany, Rennes shines thanks to its architectural patrimony, cultural interests and dynamism. In a green and intimate setting, this development offers light flats in a residential and charming environment (shops, leisure and sports centre, schools, cinema and library).
This development is close to all services with fast and direct acsess to Rennes. Each apartment has a garden and/or wide terraces.
In this but to let system, the purchaser buys a property that will be let as a main residence to private tenants. Management of the property (search for and management of tenants, day to day management, and payment of rent) is guaranteed by a management company with which the owner signs a management agreement.
Personal occupancy is not possible for the owner for the duration of the management agreement. The property is purchased and let unfurnished. The payment of rent is guaranteed, but not the amount, which will depend on the local market (supply / demand). However, a certain number of additional guarantees are offered to the owner, including the guarantees are offered to the owner, including the guarantee of rents even if the apartment is vacant, a guarantee on repair costs if any damage is caused by the tenants and a guarantee to find the first tenant for you. The management agreement is generally signed for a period of 9 years, after which the owner can retrieve their property for their own personal use. This is particularly advantageous for purchasers who wish to occupy their property as their primary residence or as a second home when they retire, for example. For 9 years, the owner will pay off part of the investment, thanks to the rental income received.
The rental income is generally paid on a monthly basis by the management company. The property is acquired all taxes included, and no VAT is to be reimbursed. The average yield varies between 2.5 and 5.5% per year.
Chartres de Bretagne is due for completion on the 30/06/09
