Domain de Lanzac - Souillac - Dordogne, France
Property Details
|
|
    |
Description
Leaseback in Dordogne 100% Finance. 9 year Rental
The Development is located in the Dordogne Region, just a few kilometers from Souillac.
This Leaseback villa park is located just outside of the town of some 5,000 inhabitants.
Here, you will find everything you could possibly require:
two large supermarkets, shopping streets with fashion stores ,hairdressers, a sports store, children’s and baby clothing, many restaurants and bars, a tourist information office, bakers and souvenir shops.
Also on the edge of the town are diy-stores, car dealers/garages, an aquatic centre, canoe and bicycle hire, a stables and sports fields for football and rugby.
All Facilities are on site including 3 tennis courts, Bar, Restaurant, Gym, Squash Courts.
Villa Spec:
Detached Villa
2/3/4 beds
Kitchen/dining / living
Terrace
All appliances included
Main bathroom
Excellent finish
Benefits of owning a property on this development include:
• You own the freehold, and can use the property yourself for three weeks every year.
• Prices are in line with bank valuations (prices start at €291,500 (ex VAT) to include ALL costs).
• You “leaseback” the property to a Management Company and receive a guaranteed rent, paying you a yield of 5% net, index linked for 9 years.
• Your rent is paid to your French bank account, and your mortgage is also in Euros, so, topically...the currency exchange rates are mostly irrelevant!
• Reserve a property with just a £5,000 deposit.
• The VAT is paid for you by the French Government, and at 19.6% constitutes the remainder of your deposit.
• Mortgage rates from 2.75% (Interest Only Option) subject to status (Life Insurance may be required) LTV 80%-85%
• Management and Maintenance Fees are included in the deal
Steady capital growth potential
Extra points to note
1, Mortgage repayments will be covered by the rental income leaving you with no monthly shortfall.
2, All Management Fees Paid for 9 years
3,All Local Taxes Paid for 9 years
4,All Service Charges Paid for 9 years
This really is a fantastic opportunity to invest in one of Europe’s most stable property market.
Mortgage Simulation for a unit on the Dordogne site:
|
Type of mortgage
|
|
Interest Only Mortgage
|
VARIABLE Repayment
|
|
|
LOAN AMOUNT
|
304,990 €
|
304,990 €
|
|
|
|
|
||||
|
Estimated Interest Rate
|
|
2.85%
|
2.75%
|
|
|
The margin of this mortgage
|
|
2.45%
|
2.45%
|
|
|
Mortgage description*
|
|
Interest Only Mortgage. It is a variable mortgage adjusted every three month on the index "Euribor 3 months" on top of the margin above.
|
Variable Repayment Mortgage (Capital + Interest). Rate is adjusted every 3 month on the index "Euribor 3 months" on top of margin above
|
|
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
Length of the mortgage - years
|
|
20
|
30
|
|
|
Rental income
|
5.00%
|
15,325 €
|
15,325 €
|
|
|
Monthly mortgage payment
|
|
724 €
|
1,245 €
|
|
|
Monthly rental income
|
|
1,277 €
|
1,277 €
|
|
|
Monthly Surplus
|
|
553 €
|
32 €
|
|
|
Monthly life insurance (estimation)
|
91 €
|
61 €
|
|
|