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Property for sale information

 
Ker Goh Lenn Résidence  
Reference nr: MK234625
Description:

The Gulf of Morbihan in the South of Brittany

The Morbihan area, contrasted and mysterious at the same time, is very proud of its many remains like his megalithic sites, its big religious monuments or its mysterious cities like Carnac, Vannes and Lorient.
The whole wealth linked to its sweet climate and to the hospitality of the inhabitants attract many tourists ready to live an unforgettable adventure.

The Morbihan area offers contrasted landscapes with cliffs, estuaries and wonderful fine sand beaches. His famous bay captivates the most experienced sailors as well as the ship’s apprentices, the fishermen or beach goers. The Quiberon peninsula, the Etel and Auray rivers and the isles off are the best occasion to sail, relax and escape.

As the tourists move inland, the countryside becomes gentler. Rivers and trees invite you to explore the legendary forest of Brocéliande.

Ker Goh Lenn Tourism Residence is ideally located just a few minutes from the Golfe du Morbihan, beaches, at the heart of a pine and cedar forest. It offers accommodation from studio to 3 beds apartments. You will particularly enjoy the wooded environment with the lake, the fitness trail, the get fit and balneotherapy centre as well as the heated swimming-pool.

Located 2 km from the port of Vannes and 5 minutes from the Golfe du Morbihan beaches.
Ideally located at the heart of a wooded area with a lake and a fitness trail.
Next to a supermarket, a residence for old people and a developing leisure centre.

Tourism Résidence
• 150 apartments, 3 storeys buyilding, and 20 cottages
• From studio to 3 beds apartments
• with terraces
• Heated swimming-pool
• Get fit and balneotherapy centre

QUALITY SERVICES
• Get fit and balneotherapy centre
• Heated outdoor swimming-pool – barbecue area
• Automatic gate – Lift – Digi-code and interphone
• linked to the reception
• Lift on all the floors
• Internet access and satellite TV
• Fully furnished and equipped apartments
• Village

Ker Goh Lenn is a lease back development which is due for completion in the 3rd quater of 2009 and the second phase will be delivered in the 4th quater of 2009. This lease back has a yield of up to 4.91% excluding tax with 2 weeks of personal use.

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 ther

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 55,983
Features:
Private Swimming Pool
Spa
Submission Date:
03-25-2008
Last Update:
06-23-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
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Calculators

 
Property price: €55,983
 

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