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Port Vendres - Southern France - 1 bed, Leasback 6pct return pa [ SOLD ]

 Region: Mediterranean Coast

 Price: EUR € 220 867

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan

 
Features: Pool, Parking, Terrace / Deck Amenities: Shops, Bars & Restaurants, Medical Facilities, Near mountain, In historic place, In fishing area, Near Ski Resort, Sea View, In Town, By the Sea Description:
Subject: Port Vendres - Southern France

Off plan development - Completion 2009

Port –Vendres is situated on the edge of the Pyrenees, overlooking the Mediterranean Sea. With its Mediterranean climate and being close to ski slopes it is the perfect all year resort. Port –Vendres is close to the Spanish border giving a Spanish influence to the local dialect and culture. The area is blessed with beautiful beaches ideal for swimming, diving, fishing and many other activities. The history of the town is traced back to the 2nd century BC, providing a richness in art and culture. The perfect light in this region has attracted painters including Matisse, Picasso, and Dali. Fishing is pivotal to the economic welfare of the region and the active fishing fleets supplies the local fish markets with langoustine, calamari and moules.

The development
This is a unique investment opportunity in a highly regarded location with stringent building and planning regulations. The development consists of 24 luxury apartments with a swimming pool. The complex will benefit from air-conditioning, parking and beautiful landscape gardens.

Price includes:
VAT at 19.6%, 3% notary, fitted kitchen, fitted bathroom, 9 year lease, providing 6% guaranteed rental return per annum, 19.6% VAT reclaim, own usage, fully managed and maintained
or
Classical purchase

1 bedroom/1bathroom from 220,867 Euros

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