Details

Paris leaseback - Bastille Marais

It is exceedingly rare to find a leaseback property in the centre of Paris. This property, available immediately, is located close to the Place de la Bastille and within 5 minutes walk to the nearest metro station.

This is an incredible opportunity to purchase an apartment in Paris most desirable quartier with great potential for high capital growth due to its prime location and excellent transport links to all areas of Paris.

Investment Summary

* Property Types: 108 Studios and 30 one bedroom apartments
* Rental Yield: NET 4.21% yield of the purchase price paid quarterly
* Inclusive management charges and running costs!
* Net prices: from €228,512 (studio) and €370,347 (1 bed)
* Annual Property tax: €10 per m2 (approx.)
* Completion: Available NOW
* Length of lease: 9 years
* Reservation deposit: 10%
* Est. upfront costs: 8% including notary fees, stamp duty and taxes
* Paris property prices still rising with a growth of 9% in the last year

Paris

Paris is the number one city in the world for tourists with almost 30 million visitors each year. This alone continues to bring economic benefits to the whole country.

In addition, with Sarkozys reforms and tax incentives for promoting property ownership, the outlook for the French property market appears to be stable growth.

Paris is, at the same time, Frances economic engine so any investment here is low risk and has the prospect of solid returns.

This residence has 138 apartments arranged over 7 floors and is on the tree-lined Boulevard Richard Lenoir, just 5 minutes from the Place de la Bastille. The air-conditioned apartments are a mixture of studios and one bedrooms, which all come fully furnished with kitchen appliances, TV and wi-fi.

The complex carries the Citadines brand which is currently found in 13 countries. The Citadines brand is currently owned by the Ascott Group which manages a portfolio of more than €100 billion.

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