3.8% p.a.
BEAUSOLEIL - MONACO
3.8% rental return p.a. with renowned management company ODALYS under a 9 year commercial lease. Prices from 186,632 Euro to 311,579 Euro fully furnished and with parking. The VAT is an additional 19.6%, that is reimbursed after completion.
Type: Studio apartments sleeping 2 -3 people according to size or studio + alcove sleeping 4
Living area: from 27 m² to 35 m²
Delivery: Second quarter 2011. This residence is being entirely renovated inside and out.
Lease length: 9 years
Return on investment: 3.8% - rent will be paid quarterly in arrears
Price: 221 000 € to 315 000 €. Prices excluding VAT, including furnishings.
Personal occupancy: Flexible options for personal occupancy with an owners’ discount, please ask us for more details
Additional features: The residence is exceptionally well-located on the border with Monte-Carlo
Nearest airport: Nice (30 km)
Nearest train station: Monte-Carlo
The property:
A truly exceptional location for a property investment, “Les Hauts de la Principauté” will be a high-class tourism residence offering accommodation to the millions of tourists and corporate travellers who visit Monte-Carlo every year. The residence is situated in the city of Beausoleil, bordering Monte-Carlo, 5 minutes walk to the Casino, the Hotel de Paris and the luxury shopping district and 10 minutes to the Monte-Carlo beach. The property will be managed by Odalys, one of France’s leading tourism operators.
The residence will consist of a total 76 units, 66 studio apartments sleeping either 2 or 3 people depending on size and 10 “studio plus” apartments sleeping 4. All the units will have large terraces and access to underground parking (which is not included in the sale).
This residence will be entirely renovated inside and out in order to provide affordable, yet comfortable settings in an area where hotel prices are extremely high and where there is a notorious shortage of flexible short-term accommodation.
Beausoleil:
Beausoleil lies adjacent to Monaco and the Mediterrean coast, and a 5 minute walk to Monaco and 10 minute walk to the beaches of Monaco. A city of about 13 000 inhabitants, formerly known as “Monte-Carlo Superieur”, Beausoleil adjoins the ultra-glamourous Principality of Monaco and offers a stunning setting with beautiful Belle Epoque architecture and buildings designed by Gustave Eiffel, such as the Riviera Palace and the popular market hall.
A lively boutique town of undeniable charm, with many busy shops and restaurants, Beausoleil benefits from its proximity to the Principality of Monaco with its buoyant employment market and busy tourism activity.
The famous Monte-Carlo Casino and Hotel de Paris are only a few minutes walk downhill from the residence and the “Grimaldi Forum” congress centre and beach can be reached in under ten minutes thanks to the extensive network of lifts which can get you anywhere in Monte-Carlo with a minimum amount of effort!
Note:
This is a truly exceptional investment opportunity: an unrivalled location when it comes to capital growth and a reputed, secure management company with a proven track record.
APARTMENT 201.xls - Click on link to download the financial spreadsheet
APARTMENT 502.xls - Click on link to download the financial spreadsheet
90% Mortgages arranged by RTFRANCE.COM will give you a stable investment in the environment of Monaco.
Contact 091 447177 | Mob 087 9032576 or info@rtfrance.com
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APARTMENT 201.xls - Click on link to download the financial spreadsheet
APARTMENT 502.xls - Click on link to download the financial spreadsheet
90% Mortgages arranged by RTFRANCE.COM will give you a stable investment in the environment of Monaco.
SKYPE NUMBER +353 91 447177 (CALL FREE INTERNATIONALLY) or info@rtfrance.com
Contact + 353 (0) 87 9032576 Email : info @ rtfrance.com
BEAUSOLEIL - MONACO
From €183,632 to €311,579 - 3.8% p.a. V 2.64% Mortgage CAPPED @ 4.14% - i.e. Mortgage Cannot go above 4.14%
90% Mortgages Arranged in France by RTFRANCE.COM
E.G. Apartment No. 201 • Price Inclusive of VAT with furniture, legal fees = €311,385 • Price Exclusive of VAT with furniture, legal fees = €262,318 • Mortgage on 90% of Net of VAT price with furniture = €225,308 • Initial Personal Contribution = €86,078 • VAT Refund after completion = €49,067 • Revised Personal Investment = €37,011 • Annual Rental Income = €9,513 • Annual Mortgage Capital & Interest Repayments = €14,826 • By Reinvesting VAT reimbursement of €49,067 to reduce French Mortgage, the Annual Repayments on new mortgage of €176,241 = €11,597 • The new Annual shortfall on Rental Income V. Mortgage = €11,597 - €9,513 = €2,084
Rare opportunity to aquire in exclusive location with continuous appreciation.
2nd biggest Management Company in France ‘Odalys’ will manage this residence.
Tax Free Rental Income - Offset Mortgage interest etc.. TAX FREE CGT after 15 Years.
76 Apartments
FLOOR PLAN FOR STUDIO APARTMENT 201 FOR INVESTMENT SPREADSHEET ABOVE
TURN VOLUME UP ON YOUR SPEAKERS TO HEAR THE INVESTMENT SPREADSHEET BELOW
