Solas Financial is offering for sale, one, two and three bedroom apartments, all with a generous terrace suitable for relaxing and dining and underground parking. The smaller studio properties are being marketed to French residents and the residence has a total of 287 lots. The apartments come fully furnished to a very high standard in line with the quality and standing of the rest of the resort.
The total residence comprises of 287 units.
Unit Breakdown
1-Bed 1-bedroom apartments are priced from €234,877 to €258,502 net, inclusive of parking & furniture and after the refund of French Vat.
2-Bed 2-bedroom apartments are priced from €314,740 to €387,333 net, inclusive of parking & furniture and after the refund of French Vat.
3-Bed Sold Out
Sample Floor Plan
Refund of VAT of 19.6% on Purchase Price of Properties
The VAT of 19.6% is included in the purchase price of all new leaseback properties in France and is fully refundable to the investor by the government following completion of the development.
VAT paid within the purchase price of the parking and furniture package will also be refunded.
Capital Growth Potential.
Prices have more than doubled in Cannes Mandelieu in the last 5 years and prices are predicted to continue to rise due to demand from an ever increasingly varied international clientele, a continued migration from the north of France and Europe to warmer climes, the continued increase in the availability of low-cost flights and the difficulty of obtaining planning permission for new developments in the area, particularly those within walking distance of amenities and the beach.
Cannes Mandelieu Property Prices. The most up to date figures.
In 3 years to the end of 2004 Apartment prices in France have increased by 54% (ref. FNAIM). The Cote D’Azur region of France has had an average increase on price per square metre of 8.8% over the 10 year period from 1995 – end 2004.
The Cote D’Azur region of France has the highest proportion of pr opertytransactions in France at 4.3% (ref.FNAIM). The price of apartments has increased by 2.5% in the first quarter of 2006.
which is higher than prices of houses. The price of apartments has increased most rapidly in the South East of France by 10.3% from 1st quarter 2005 to 1st quarter 2006 which is an increase from 9.3% for the same period from 1st quarter 2004 to 1sy quarter 2005. (ref. FNAIM)
Brochure & Prices:
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