Residence d’Affaires is a stunning new 4* leaseback development situated only 2 minutes walk from the new TGV station in Strasbourg, France.
This development will comprise of 98 fully furnished studio to 2-bed apartments over 6 floors. Onsite facilities will include an indoor heated swimming pool, sauna, jacuzzi & fitness centre as well as a reception area, equipped laundry.
This development is ideally situated to benefit from the significant growth expected in the city over the coming years on account of the opening of the new TGV station in June 2007. Its arrival will help to further reinforce the numerous advantages which Strasbourg enjoys in all areas: businesses, universities and research, international institutions, culture, tourism, etc.
The redevelopment of the old railway station (only 250m from the residence) to host the magnificent TGV will significantly improve the access to Strasbourg from Paris and the rest of France as well as Germany & Switzerland. The new TGV station will reduce the travel time to the capital city Paris to 2h 20mins and at the same time become the crossroads of Europe for the high speed train enjoying 50 services a day.
Strasbourg is also a very politically important city with a strong European governmental presence. The city is home to the seat of the Council of Europe, the Congress of the Council of Europe, the European Court of Human Rights, & the European Ombudsman among others.
Following the completion of the development investors will benefit from an 9-year guaranteed lease provided by one of France’s leading management company’s - Lagrange, who will maintain the complex on a day to day basis.
As this development qualifies for Residence de Tourisme Clasée - Leaseback status all investors will benefit from a 19.6% lump sum VAT refund as well as the generous ongoing tax allowances also provided under this scheme.
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