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Property for sale information

 
Beach Front Residence with Health and Beauty Spa (Montpellier)  
Reference nr: NL529532
Description:

Type of Apartments: studio and one bedroom
Guaranteed rental yield: up to 4.5% (6 weeks occ.)
Prices from: €177333 - €288800
Lease: 11 years
Delivery: 2nd Qtr 2009
An ideal beach front property, Residence Elysee Marine is a fantastic combination of a tourist residence and a health & beauty spa. The residence comprises of 29 luxury one to two bedroom apartments. The apartments are fully furnished to a very high standard and all have large balconies.
The building itself is situated on a natural causeway separating the estuaries south of Montpellier from the Mediterranean. All apartments in the residence have views of either the Mediterranean or the Etang du Pérols estuary. The architecture is inspired by the waves of the Mediterranean with a modern, tasteful design that harmonises well with the surrounding environment. Elysee Marine is integrated with a large wellbeing centre. The centre offers balnea and sea water therapy with an indoor heated seawater pool, outside pool opening onto the beach, sauna, Jacuzzi, spa, anti-ageing care, beauty and plastic surgery clinic, 3* hotel and a 3* gourmet restaurant.

The combination of a residence with a health and beauty centre is a relatively new idea. The striking success of similar developments in the UK, US and Germany stands as an excellent proof-of-concept, marking Residence Elysee Marine as a solid investment. Palavas-les-Flots is a major seaside resort about 6 km south of Montpellier. It lies on a strip of sand dunes that separates two estuaries, the Étang de l’Arnel and the Étang du Méjean, from the Mediterranean Sea in the Gulf of Lion. The success of the tourism industry has seen the local population triple since the 1960s.The village originated as a fishermen’s village who sold their catch on the markets of Montpellier. The striking Redoute de Ballestras fortification stands as a reminder that the village was also a coastal defence in pre-revolution times.

The thriving industrial city of Montpellier is an excellent stopping-off point for shopping, dining and entertainment. Montpellier is easily accessible by sea, road, rail and air. Montpellier Massane 18-hole international golf course.
Extremely solid managing agents Clinipole/Elior Group.
From Dublin and Shannon to Carcassonne with Ryanair.
From London (Stansted) to Montpellier

Bedrooms: Bathrooms: Price (€):
1 1 288,800
0 (studio) 1 177,333
Features:
Beach
Submission Date:
04-02-2008
Advertiser Details:


Name:
Nuala Lyons

Company:
French Property Ireland

Phone:
1850 882 800
Fax:
+353 91 585 890
Mobile:
087 1234953

 
 
Calculators

 
Property price: €177,333
 

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