Want to sell your overseas property? Want to advertise your holiday home to rent to 40 million possible renters. Contact us on info@myoverseasproperty.ie
The DOMAINE DE MANON is located in the typical village of Signes, back in the Var area,a few steps from Paul RICARD car circuit and a business area with international companies.
At the heart of a pine forest of 20 hectares, between refined gastronomy and cultural inheritance.
Domaine De Manion residence offers a real quality of life and excellent extra services such as reception, breakfast, safe access and private car park.
We have only 10 units on offer in this leaseback scheme which range from 1 bed apartments to 2 bed apartments. This is a twenty year leaseback with a start date on the 31.08.2009. The development is due for completion on the 30.06.2009. The deposit required is 5% of the total selling price.
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 there is not enough supply to meet demand.
Depending on the development you can usually use your property for a certain number of weeks per year for holidays although this differs from development to development. Some developments will offer owners discounted use (usually ranging between 10 –25%) instead of free weeks whereas others (usually those located in cities offering a higher yield) may not offer any use either free of charge or at a discount.
The guaranteed rental income tends to range between 2.5% and 6% per annum depending on the property, whether you will be taking your holidays in it and where it is located. Different property management firms offer different rental incomes, but in general the less you use your property the higher your yield will be.
