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The last major town in Languedoc before the Spanish border, it’s easy to see why the flavour of Perpignan is essentially Catalan. Perpignan is located near the Mediterranean Sea and is only about 30kms from the Spanish border. Perpignan retains a distinct Spanish flavour as it was once the capital of the kingdom of Majorca and later Catalonias second-largest city after Barcelona. Perpignan’s height was in the 13th and 14th centuries, when the kings of Majorca held their court here. Today it is a fascinating city to explore. The “ Espace Mediterranee” area is now the link between the North and South of the City. The district is at the heart of shops, restaurants, bars and invites the residents to stroll down the paved narrow streets or to take a walk along the “Tet” river sides, a few steps away from the TGV station and the commercial centre “ Les Dames de France”... The development comprises 81 apartments set in 2 modern-designed buildings which together form a half circle. Each apartment leads onto a private terrace, balcony or patio and offers top quality features. This sunny city of palm-lined squares enjoys a lively street life. It is one of the best places in the region to sample the fine local food and wine and the vast Mediterranean sandy beaches are close by. The KAELIS business residence is ideally located at the heart of shops in the town centre of Perpignan 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. Right next to town centre A complete range of extra-services 1 hour from Paris by plane and 45 minutes from Barcelona by TGV train Access By plane - 1h from Perpignan to Paris - 1h40 from Perpignan to London By car - 3h from Perpignan to Marseilles By TGV train from 2009 - 45 minutes from Perpignan to Barcelona Details Type of accommodation : Studios Number of units : 44 units Yield : up to 4.54 % Developer : PRAGMA GROUPE ELLUL Management Company : SA GESTRIM CAMPUS Notary : ME VIDAL 66000 Perpignan Lease : 9 years Start date of lease : 01/09/2008 1st rental payment : 31/12/2008 Type of payment : Quarterly in arrears Deposit (%) : 5% of the TTC price excluding furniture