Located right at the very heart of Marseille’s business district, this smart residence offers studio apartments for investment only
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Property type : New build Leaseback Apartments
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Address
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Marseille |
Accommodation
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studio |
| Prices |
€141K |
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20.85 sqm |
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Deposit
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5% |
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4Q2012 |
| Yield |
4.60% |
Sales office
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Yes |
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The development:
This smart residence, located right at the very heart of Marseille, offers 216 apartments from studio to 1 bedroom, all meeting the latest quality and comfort standards to ensure a good return on your investment. The development boasts a range of services including on-site residential management, a full breakfast service, apartment cleaning, provision of household linen, a relaxation and reception lounge, self-service laundry facilities, office services, a computer room, broadband internet and LCD TV. Each apartment has an entirely equipped kitchenette (with microwave oven and dishwasher) and an equipped bathroom. There is also underground parking.
The location:
A stone’s throw from the popular Joliette district, the residence is located right at the heart of the dynamic EuroMediterranee business district, and 5 minutes from the famous Canebiere, a bustling and picturesque street. Marseille is the second largest town in France, the number one French port and the capital of the Provence Alpes Cote d’Azur region. Well connected to Europe via its efficient transport system, it is now at the crossroads of the Mediterranean, which considerably favours its development. The city counts over 1000 new medium or large businesses a year, various business parks as well as over 2 000 scientists engaged in research. Finally, thanks to years of effort, Marseille is renown on the Mediterranean as a conference destination and is at the forefront of business tourism. Indeed tourism is omnipresent- Marseille is the first boarding port for cruises in France and figures in the three largest leisure complexes of Europe. Marseille will also be European Capital of Culture in 2013 and offers an exceptional way of life and a superb climate.
Activities:
Marseille being such a large city and on the sea, one can practice practically any sport as a wide variety of facilities are available, with some of the most popular being football, sailing, windsurfing, powerboating, golf, swimming, running, rugby and boules.
Local food and gastronomy:
Fresh produce of Provence comprises fruit, vegetables, olives, olive oil, garlic... Typical dishes from the area include bouillabaisse (a fish soup), bourride (white fish dish), poupeton and pain-bagnat- made with tomatoes, onions, salad, eggs and tuna or anchovies. If you have a sweet tooth, Marseille produces croquants marseillais (biscuits flavoured with pastis), macarons (macaroons) and marseillottes (nougat, chocolate and aniseed).
Financing:
Sextant has its own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, Sextant can get the right mortgage for you.
The management company:
The company is the leader in furnished urban business residences located at the heart of towns and cities. It has 60 residences to its name in 2010 and 140 on the horizon for 2015, meaning so far around 7 000 apartments, all decorated to a high standard and benefitting from hotel services, for either business or leisure visits lasting from several days to several months. The occupancy rate is currently at 80%, with over 150 000 stays a year. The company offers a response to businesses and firms increasing need to lodge employees on business trips as well as the demand from individuals keen to partake in urban tourism.
The investment scheme:
Your property is in a classified tourism residence and will be managed by a tourism management specialist.
You will benefit from a commercial lease over a period of 11 and a half consecutive years and renewable (guaranteed a minimum of 20 years when renewed). Rents are secure and guaranteed by the management company for 23 years minimum.
The buyer will get the VAT back.
Access:
Marseille is in the Bouches du Rhone department of the Provence Alpes Cote d’Azur region of France, by car1h 45 min from Saint Tropez, 2 hours from Nice, 3 hours from Lyon.
By car: You can reach Marseille via the A51, the A7, the A50 via Toulon or the A8 via Aix en Provence
By train: Marseille SNCF station serves the local and regional areas as well as national routes, with Paris only 3h15 min away.
By plane: Marseille-Provence International Airport has a number of direct low cost flights to the UK and the rest of Europe.
Prices do not include the legal notaire fees.
* Prices in GBP and US dollars are subject to currency fluctuations, the exact price is in Euros.