Guaranteed Leaseback Re-sale at Berges du Canal
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Full Description: We have one guaranteed leaseback 2-bed (40m²) villa for sale on the immensely popular Berges du Canal residence, just outside Colombiers (on the edge of Béziers) in Languedoc Roussillon.
The property comes fully furnished (included in the price) 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).
Also included is 30m² of personal garden area, gravelled with a wooden-decked patio, and an allocated parking space.
At the current sales price of (a negotiable) 122,000€, this year's income calculates to a yield of an excellent 4.6%. The yield increases annually according to a special French index.
Income to date
Income for 2005: 5,151€
Income for 2006: 5,270€
Income for 2007: 5,430€
Income for 2008: 5,592€
Purchase Overheads
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%. This property was delivered in June 2004, so any purchase before June 2009 will benefit from these reduced notaires fees.
No extra sales commission to pay, this is included in the price.
The only annual overhead is the French property owners' tax - Taxe Foncière. This was paid for the first time for 2007 (two years' grace for new build properties) and was 548€.
You will have annual accounting fees to pay to the dedicated accounting firm for this residence (GEFI) – 195€ per annum.
Odalys, the rental management company, pay all the other overheads - maintenance, insurance and utilities bills.
Owner use details
Two weeks personal use per year allowed for 50% of the standard brochure price. To be booked before 15 January each year, for the season of that same year.
Leaseback Re-Sales Information
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 leaseback re-sales property is now a much smoother sales/purchase process.
In purchasing a property at Les Berges du Canal, 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 by teh same developers)
- We also have some properties available in Light Leaseback purchases for maximum owner use (light leaseback not available at the new Colombiers residence)
- All properties excellently maintained and appear brand new
- All site facilities already in operation (see below)
- Landscaping in place with the site looking lush and green
Site facilities
Indoor heated swimming pool with sliding removable wood and perspex cover, large outdoor pools, bar and snack facilities, restaurant on-site, laundry facilities, sports terrain (basketball hoops etc), children's playground.
All tenants, owners or renters, can rent televisions, bikes etc from the rental management team's office.
Email me now for photos, lot plan and the information sheet for this property.
Location: Link to arial view of the site (note that this image is slightly out of date - the site is much greener now) - http://maps.live.com/default.aspx?v=2&cp=r6mwx4h7xzxw&style=o&lvl=1&tilt=-90&dir=0&alt=-1000&scene=10979592&encType=1
J Block lies between the white semi-circle and the white square on the left of the image.
Short Description: Two-bed (40m²) villa for sale under a guaranteed leaseabck scheme with 5 years' lease left to run. Income yield calculates to about 4.6%, with proven year-on-year rises. Managed by one of France's biggest holiday rental firms. Great investment with two weeks personal use per year for a 50% reduction on the brochure price. Click here now for full details.
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The property comes fully furnished (included in the price) 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).
Also included is 30m² of personal garden area, gravelled with a wooden-decked patio, and an allocated parking space.
At the current sales price of (a negotiable) 122,000€, this year's income calculates to a yield of an excellent 4.6%. The yield increases annually according to a special French index.
Income to date
Income for 2005: 5,151€
Income for 2006: 5,270€
Income for 2007: 5,430€
Income for 2008: 5,592€
Purchase Overheads
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%. This property was delivered in June 2004, so any purchase before June 2009 will benefit from these reduced notaires fees.
No extra sales commission to pay, this is included in the price.
The only annual overhead is the French property owners' tax - Taxe Foncière. This was paid for the first time for 2007 (two years' grace for new build properties) and was 548€.
You will have annual accounting fees to pay to the dedicated accounting firm for this residence (GEFI) – 195€ per annum.
Odalys, the rental management company, pay all the other overheads - maintenance, insurance and utilities bills.
Owner use details
Two weeks personal use per year allowed for 50% of the standard brochure price. To be booked before 15 January each year, for the season of that same year.
Leaseback Re-Sales Information
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 leaseback re-sales property is now a much smoother sales/purchase process.
In purchasing a property at Les Berges du Canal, 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 by teh same developers)
- We also have some properties available in Light Leaseback purchases for maximum owner use (light leaseback not available at the new Colombiers residence)
- All properties excellently maintained and appear brand new
- All site facilities already in operation (see below)
- Landscaping in place with the site looking lush and green
Site facilities
Indoor heated swimming pool with sliding removable wood and perspex cover, large outdoor pools, bar and snack facilities, restaurant on-site, laundry facilities, sports terrain (basketball hoops etc), children's playground.
All tenants, owners or renters, can rent televisions, bikes etc from the rental management team's office.
Email me now for photos, lot plan and the information sheet for this property.
Location: Link to arial view of the site (note that this image is slightly out of date - the site is much greener now) - http://maps.live.com/default.aspx?v=2&cp=r6mwx4h7xzxw&style=o&lvl=1&tilt=-90&dir=0&alt=-1000&scene=10979592&encType=1
J Block lies between the white semi-circle and the white square on the left of the image.
Short Description: Two-bed (40m²) villa for sale under a guaranteed leaseabck scheme with 5 years' lease left to run. Income yield calculates to about 4.6%, with proven year-on-year rises. Managed by one of France's biggest holiday rental firms. Great investment with two weeks personal use per year for a 50% reduction on the brochure price. Click here now for full details.
Listed by Jane Hughes
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Telephone: Fr 0467 24 53 59
Fax: FR 0826421562
www.moving-to-france.com
Telephone: Fr 0467 24 53 59
Fax: FR 0826421562
www.moving-to-france.com
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