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  • Paris
Price £91,530
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Property Description

Price in EURO : From €115,000 to €331,000 excl.VAT
Price in British Pounds : From £101,838 To £293,115

Personal Occupancy : Yes (details in brochure)
Location : St Cyr L'Ecole - Paris-Isle-of-France, France
Delivery Date : 3rd Quarter 2011
Guaranteed Income : From 4.20% to 4.90% excl.VAT
Lease Length : 11 years and 6 months
Property Type : From Studios to 2-bed apartments
Facilities : Breakfast service, cleaning, linen, reception lounge, entirely equipped kitchenette and bathroom, la

The Development

A red carpet welcome just a short distance from Versailles

The development in Saint-Cyr-l’École is located in a residential area on Rue Gabriel Péri, the town centre’s main road. The area boasts a large number of shops and the Abbaye Public Park and offers a calm and comfortable way of life close to the famous military school.

Our 196 apartments, from studio to 2-bedroom apartments, meet all the quality requirements in order to ensure the long-term future of your property investment.

Total price: excl.VAT and incl. Furniture

Studio: From €115,000 to €186,000

1-bed: From €206,000 to €245,000

2-bed: From €331,000

bout St Cyr l’Ecole

Saint-Cyr-l’École - a town playing in the major league

With close proximity to Saint-Quentin-en-Yvelines, the 2nd economic zone of western Paris (5,400 establishments and 105,000 employees), Saint- Cyr-l’École is part of the Versailles Grand Parc area made up of 11 districts of 169,566 inhabitants of whom over 75,000 work, of 20,000 company headquarters and a large number of business parks. This vast area aimed at business people is home to Mov’eo, one of the internationally orientated centres of competitive excellence specialising in public transport and motor vehicles. The worldwide headquarters of FCI (electronics subsidiary of AREVA) and Daimler-Chrysler are located here. The area is also an internationally renowned centre for higher education (HEC School of Management, University of Versailles and the National School of Landscape Architecture) and a centre for research and development (including the INRA centre with its 2,000 personnel at the service of the agricultural sector, Air Liquide and General Electric Medical Systems).

The Lease Agreement

The freehold apartments will be leased for 11 years and 6 months by a renowned management company. This is a leaseback investment offering a net rental yield between 4.20% and 4.90% with occupancy discount of 10% in any season and residence.

The Management Company

The residence is under the management of a renowned management company specialized in business residences strategically located in the city centres and on the sea front. The national chain of service residences in the heart of city centres offers for renting, at the best value for money, refined apartments decorated on the sea theme, comfortable and ready to live in. It offers investors a total security on the management and the durability of their investment.

* 35 residences for the end of 2007

* Nearly 6,000 apartments in 2007

The VAT refund

By signing a management agreement for 11 years and 6 months, the VAT of 19.6% that is included in the purchase price of all new properties in France is fully refundable to the owner by the government following completion of the development. VAT paid within the purchase price of the parking and furniture package will also be refunded.

The Stage payments

At the signing of final deeds - 30% - Total 30%

At the completion of foundations - 5% - Total 35%

At the completion of the ground floor - 20% - Total 55%

At the completion of the first floor - 10% - Total 65%

At the completion of the roofs - 5% - Total 70%

At the completion of windows and door - 15% - Total 85%

At the completion of building works - 10% - Total 95%

At the handover of keys - 5% - Total 100%

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