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Property for sale information

 
Les Portes d'Alsace  
Reference nr: SC569926
Description:

At the heart of Alsace, just twenty kilometers or so from Strasbourg, the Molsheim-Mutzig Region welcomes you to the foothills of the Vosges mountains and the gateway to the Bruche valley. Mutzig is a town and commune in the Bas-Rhin département, in Alsace, France, located at the entrance of the Bruche River Valley. Mutzig [pop. 4,100] stands on the Route National 420 about 25 km to the west of Strasbourg.

The development is a 3 star residence offering the high quality management and services meeting its clienteles demand. It is located in Mutzig city, in the Alsace Region; that is just 30 km away from the known financial city of Strasbourg. The services, equipments and performances are prepared for the comfort and well-being of its occupiers. Consisting of 85 spacious apartments which are fully furnished with TV, telephone socket, fully fitted kitchenette, fridge, microwave, china & crockery, fully fitted bathroom, separate toilet and double glazing. The complex offers many leisure facilities.

The residence is built in the center town of Mutzig as well as in the center of the business and tourist gathering in order to meet the business and tourist accommodation massive demands. It offers four main characteristics in terms of tranquility, accessibility, being practical and comfortable.

Property Details
Type of accommodation : Studio to 2 beds
Number of units : 85 units
Facilities:
Sauna & Massage room
Gym
Restaurant
Laundry service
Disabled facilities.
Inside & outside parking facilities
Lease term 11 years & 11 months
High rental demand
Income linked index
Yield from 4.35% - 5.58%
No self occupancy scheme.
Yield : up to 5.58 %
Developer : AGORA
Management Company : RESID'HOTEL
Notary : ME KNITTEL 68000 COLMAR
Lease : 11 years and 11 months
Start date of lease : 01/07/2009
1st rental payment : 01/10/2009
Type of payment : Quarterly in arrears
Deposit (%) : 5% of the HT selling price

Access
By road:
Motorway A4 Paris-Strasbourg is about 4 hours.
By train:
From Paris to Strasbourg is 4 to 5 hours
By plane:
Airport:
Frankfort airport and Strasbourg airport
Direct flights from Paris (1 hour) and many European cities to Strasbourg and Basel-Mulhouse-Freiburg airports.

Bedrooms: Bathrooms: Price (€):
1 1 66,500
Features:
Furnished
Private Swimming Pool
Spa
Submission Date:
03-19-2008
Advertiser Details:


Name:
Shane Cunningham

Company:
Pruntys Overseas property

Phone:
00353 1 498 3733
Fax:

Mobile:

 
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Calculators

 
Property price: €66,500
 

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