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Property for sale information

 
Residence des Remparts (Carcassonne)  
Reference nr: SM470593
Description:

Classic Scheme in the South/Riviera Region
Type of Villas: Studio to 2 bedroom
Guaranteed rental yield: 4.5% (no occupancy); 4% (2 weeks occupancy)
Prices from: €89000 - €190000
Lease: 11.75 years
Payment of rent: Every calendar quarter arrear
Delivery: Second Qtr 2008
Inspection trips can be organized
Superb location for this 3 * Tourist residence, situated in the medieval city of Carcassonne in the heart of the Languedoc Roussillon, minutes away from the famous fortified city walls of Carcassonne. The Residence is set in a pleasant and calm residential area. The Remparts consist of 82 apartments ranging from studios to 2-bedroom apartments spread over 3 low rise buildings, offering spacious terraces and private parking. Studios start at 29m2 and the larger 2-bedroom from 62m2 with terrace of 37m2. The residence enjoys numerous amenities including indoor heated swimming pool, hamman and a fitness centre.

Being newly built, the property has a 11-year 9 month construction warranty and, as part of the leaseback scheme, will be fully maintained (including furniture) throughout the lease period by the management company, at their expense. Located at the heart of the Toulouse-Montpellier-Barcelona triangle, at the crossroads of two major traffic routes dating back to the ancient times. From the Atlantic to the Mediterranean and from the Cévennes to the Pyrénées mountain range where the Aude has its source, Carcassonne blooms in the plains of the lower valley, inviting you to walk in and out of its streets. Discover its history, its local cuisine, its wines, or simply enjoy the scenery.
From the Bastide Saint-Louis to the medieval Walled City, Carcassonne offers a wealth of monuments to visit and discover!

The region of Languedoc-Roussillon is found in southeast France, curving around a corner of the Mediterranean, from Provence in the north down to the borders with Spain and Andorra in the south.The region stretches from the dramatic peaks of the Pyrenees on the Spanish border to the mouth of the Rhône to the North. The landscape flattens around the tranquil Canal Du Midi, which cuts across the region's middle with Carcassonne, a World Heritage site, at the centre. The sunburned land in the middle of the region produces half of France's table wine and much of the country's first fruits of the season. The flat beaches and lagoons of the coast form a purpose-built sunbelt accommodating millions of holidaymakers every year.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 89,000
2 1 190,000
Features:
City
Submission Date:
05-31-2007
Last Update:
05-31-2007
Advertiser Details:


Name:
Nuala Lyons

Company:
French Property Ireland

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

 
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Calculators

 
Property price: €89,000
 

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