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Deal
Highlights
» 11 years
leaseback fully managed project
» Guaranteed 4.8% yield, index linked to
increase every year
» Get involved from only £ 6,100
» Superb
location with direct access into Paris
» 154
fully furnished student appartments
» Huge
demand in niche student accommodation market
» High
specification inc ADSL Internet access
» Full
furniture pack cost included in price
» Up to
100% finance after VAT rebate
» 19.6%
discount (VAT rebate)
»
Completion
September 2009
Facilities
» Reception
Area
» IT
Lounge
»
Restaurant
» Bank
»
Laundry
»
Large
landscaped garden areas
Location
Situated
on the edge of the forest, 200m from the RER train station, the
Residence of
Val de Senart is made up of 154 fully furnished and equipped 2 or 3
star
apartments. The layout of the apartments provides a combination of work
space
and comfortable living. Each apartment is provided with ADSL internet
connection, is fully furnished and each kitchen is fully equipped. Each
apartment is between 17m² and 37m², providing
spacious living accommodation in
which to enjoy the wonderful student years. The location makes it an
ideal place for student accomodation.
Leaseback Scheme
The
French leaseback scheme stipulates
that investors can buy a freehold property outright and then lease it
directly back to a management company. The management company will
completely maintain your property and you will not need to concern
yourself with rentals, ongoing costs, repairs or upkeep throughout the
11 years leaseback period.
VAT refund
The
French government have introduced the leaseback scheme to help incentivise investors
to purchase property. With this scheme the government will refund the
VAT (19.6%), included in the purchase price, upon completion of the
property. This represents a significant saving on the initial cost.
Guaranteed Return
The
Management Company guarantees its investors in Residence Val De Senart
an
annual return of 4.8%. The return is provided irrespective of property
occupancy protecting investors from fluctuations in demand or downturns
in the
property market over the period of the lease.
Index linked
Investors
are guaranteed annual returns of 4.8%.
All annual returns are linked to the
French Cost of Construction Index,
so your returns will continue to increase in line with this index. For
the last
10 years this has averaged around 2%.
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