Full Description: We have a select handful of light leaseback re-sales properties for sale at the immensely popular Berges du Canal development.

This light leaseback development was built and delivered over 2003 and 2004, with leases starting in the first full year of ownership, so the initial leases of 9 years have about 6 or 7 years left to run.

Note that any property sold before it is five years old in France benefits from reduced notaires' fees of approximately 2-3% as opposed to 5-6%.

We have been working with the original notaire associated with this development and would now consider ourselves extremely knowledgeable about the leaseback re-sales process.

With the new French VAT law in place, when re-selling a leaseback property with the lease intact, there is no longer a requirement to pay back the VAT and therefore for the buyer to pay the VAT and make a claim for its reimbursement. Instead, the amount of VAT originally saved at first purchase has been calculated into the new selling price as a DISCOUNT off of the 'real' market price or value of the property.

So to purchase a property here, you will benefit in several ways:
- VAT discount passed down to you as the next purchaser
- Price per square metre less than a brand new build (approx 20% less than the new development at Colombiers - see link below)
- Available as Light Leaseback purchases for maximum owner use (light leaseback not available at the new Colombiers residence)
- All properties excellently maintained and appear brand new
- Properties have had extra furniture items added to be sold included in the price (eg televisions, dish-washers, etc)
- Others have added extras such as a tiled terrace, washbasin in the downstairs wc, extra kitchen units.
- All site facilities already in operation (see below)
- Landscaping in place with the site looking lush and green

So to purchase a leaseback re-sales property is now a much smoother sales/purchase process.

We also have a couple of non-leaseback properties for sale here - ie no lease and to purchase as a regular classic proeprty purchase. Ask me for details.

Site facilities
Indoor heated swimming pool with sliding removable wood and perspex cover (open year-round 12x7m), large outdoor pool (250m² - open mid-June to mid-September - free sun loungers and parasols)), bar and snack facilities, restaurant on-site, laundry facilities, sports terrain (basketball hoops etc), children's playground.

The Côte Canal restuarant is open year round - http://www.restaurantcotecanal.fr/.

Entertainment is also laid on in the summer - they erect an outdoor stage near the Canal du Midi for animation and evening shows, as well as providing a free kids' club for children from 4 to 12 and a teenagers' club.

All tenants, owners or renters, can rent televisions, bikes etc from the rental management team's office.

Sizes
The one-bed mezzanine apartments are 27.20m².
The two-bed villas are 40m² and 55m².

Prices (including VAT discount)
27m² one-bed mezzanines - approx 77,000€ to 96,000€ (two discounted for quick sale - one at 77,000€ and one at 82,500€ - ask me for details)
40m² two-bed villas - from 120,000€
55m² two-bed villas - one discounted at 140,000€, the others between 156,000€ and 163,000€

Each property includes approximately 30m² of garden/patio (with garden furniture).

With light leaseback you are obliged to give between four and ten weeks in high season to the associated rental management company - in this case Odalys - www.odalys.fr (click on the Union Flag in the left-hand corner for the site in English). This period guarantees you a rental income. You can also give as many weeks as you like outside of this period to Odalys and whatever weeks the property is rented for, secures you a supplementary rental yield.

Current owners tell me that if you give the ten weeks of summer over, then your main annual overheads (utility bills, insurance, co-ownership charges, maintenance) are covered.

Properties come fully furnished with solid pine furniture, outdoor patio table and chairs and a fitted and equipped kitchen and bathroom (including cleaning materials such as bucket and mop etc).

Some owners have added their own furniture, televisions (one has a satelitte dish for Sky tv), dvd's, stereo equipment, dish-washers, lockable cupboards for personal items, etc. All included in the price. Ask me for details.

Email me now if you are interested and I'll send you the information pack including lot plans, site plan and rental income table.

French Description: Immobilier Herault - immobilier 34 - huile argan
Short Description: A choice of apartments and villas in different sizes back on the market at the hugely popular Berges du Canal development on the banks of the Canal du Midi, just outside Béziers. New French tax law means no fiddling around with VAT repayments - your pro rata VAT discount has simply been removed from the per m² price to give you the correct discount according to how many years are left of the original 20 years VAT period. A clean purchase, taking up the current light leaseback lease with 7 years left to run.




Tools
Contact Agent
Mortgage Calculator
Printer Friendly Version of This Page
Email This Listing to a Friend

Neighborhood Links
View a map of the area

---

Listed by: Nicole Hammond
Phone: +33 (0)4 67 26 90 42
Mobile: +33 (0)6 32 07 84 13
Info: English Bilingual Property Hunter

I live in a small village in the south of France (in the Herault, Languedoc Roussillon), between Beziers and Pezenas for those of you who know the region.

SIRET NO: 453 211 153 00011

---

.