A 4-STAR RESORT IN THE HEART OF THE FRENCH RIVIERA!

This is a renovated LEASEBACK DEVELOPMENT of 60 x STUDIO, 1, 2 and 3-BEDROOM APARTMENTS in a historic coastal town on the Côte-d'Azur, and only 20 mins from the famous towns of Cannes and St Tropez.

It is ideally suited for families, with an outdoor pool, fitness room and sauna on-site, as well as sandy beaches only 5km away, and the city centre only 2km away.

TRANSPORT LINKS:
- Nice airport 65km.
- Marseilles airport 142km.
- TGV station at St Raphaël, and there is a local station in the town.
- nearest motorway A8.

Work is expected to be completed by JUNE 2008.

PLEASE CONTACT US FOR FULL PRICES, AVAILABILITY AND EXTRA PHOTOS.

STUDIOS - from 119,320€ + legal fees.
1-BEDROOM - from 141, 542€ + legal fees.
2-BEDROOM - from 273,954€ + legal fees.
3-BEDROOM - from 292,085€ + legal fees.

THE LEASE:

• The lease offers a 4.1% net return per year. There is no usage however owners will get a discount if they wish to stay in the residence.
• The lease is for an initial period of 11 year. It can be renewed or terminated at the end of the 11 year period.
• It is index linked every 3 years.
• Payment of the rent for the lease will be due on 15th January, April, July and October.
• Owners can resell their apartment at any time, but it will need to be sold on with the lease.

• To secure one of these apartments you will have to transfer a deposit of €1,500 to the notaire’s account. The money is held in an escrow account.
• Reservation contracts are then signed by both you and the developer.
• On the receipt of these contracts fully signed you have a cooling off period of 7 days.
• At that stage you can decide to cancel your reservation and your deposit will be returned to you.
• After that period, you will only be able to get your deposit back if you have applied for financing in France and it is unsuccessful.
• The payments will be made in stages according to the work progression.

• Co-propriete charges (€150 paid yearly) - will cover external decoration, buildings insurance for the property, security and maintenance of the grounds and common services.
• Building insurance included in the above.
• Running costs - for the lease with no usage there is no running cost for the owner.
• Running costs - for the lease with usage a weekly fee will be asked (from €20 to €40 depending on size) to cover

• Land tax - you will be liable to pay Taxe Foncière, it is about €25 per m² per year.
• Rental costs - none.
• Income tax - after all tax allowances and fiscal deductions your net profit will be taxed at the current rate.
• Local authority costs - none.