Residence Pyreneal - Font Romeu, France

Property Details

Description

 100% Finance. 9 year Rental guarantee
Located just outside of Font Romeu. Residence Pyreneal is a development of Ski apartments which are right on the ski slopes, the area has hundreds of kilometres of ski pistes. The Development includes all amenities, Bar, Restaurant, Spa, Shops.
This Leaseback Development is in a village within close proximity to two of the best-known winter sports areas in the eastern Pyrenees: the principality of Andorra and the ski slopes near Font Romeu.
 There are several hundred kilometres of ski pistes in this region with guaranteed snow at  altitudes between 1,300 and 2,900 metres. The Development is located right on the ski slopes and consists of chalets designed to blend in naturally with the surrounding landscape.
 All the apartments will have their own parking space in front of the building. The central area, a pedestrian only zone, will house shops, entertainment facilities and restaurants, bars and cafés.
Amenities:
This Development has a long list of amenities which are all on site including:
Reception Bar
Jacuzzi and Pools
Kids Club
Tennis Courts
Shops
Restaurant
 Spa
Benefits of owning a property at Residence Pyreneal includes:
• You own the freehold, and can use the property yourself for three weeks(off peak)
• Prices are in line with bank valuations (prices start at €172,512(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.(option to renew after 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

Extra points to note

1, Mortgage repayments will be covered by the rental income leaving  you with no monthly shortfall.
2, All Management Fees are paid for the 9 years
3,All Local taxes are paid for the 9 years
Prices Start at:
172,512Euros(ex VAT)
100% Mortgages
Available

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