These apartments are available to purchase freehold from the developer PIC Promotions.
As this development qualifies for Residence de Tourisme Classée - Leaseback status the investor will benefit from an 11-year guaranteed rent agreement provided by the management company.
1-Bed Annual net guaranteed rent -> 4.30%
2-Bed Annual net guaranteed rent -> 4.30%
Projected Delivery: 4th Quarter 2008
Lease Agreement Commencement: 20 days after the delivery of the completed residence and raised reserves.
Rent Payment: Quarterly in arrears - 15th of the following month.
Personal Usage: Up to 15 days per annum. 20% reduction available on the public tariff in force at the time.
Rent Revision: Reviewed annually in accordance to the variation of the national INSEE index of the construction cost. Revision based off 2/3rds of the relevant variation, without being higher than 2%.
Brochure & Prices:
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