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  • Paris
Price £70,655
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Property Description

Only 9 units remaining.

Unit: 46% discount off a new build residence in Paris reduced for a quick sale. Walking distance to the metro/RER and just 7km to the centre of Paris. They can be bought classic to use as a bolt hole in the city or with a rental management mandate via the onsite management company which should generate a projected yield of 8.1% NET! This is a once in a lifetime opportunity not to be missed.

An amazing investment opportunity in Paris. Villa Bellagio is situated a 10 to 15 minute walk from the nearest metro station (line 7) which takes you to the centre of Paris (Chatelet) in 16 minutes. This places the residence in the Paris equivalent of London Zone 2 as the arrondissements of Paris in the centre together cover roughly the same surface area as Zone 1 of London.

The residence was completed in Dec 2010 and was built to cater for the demand from business tourists, research scientists and family of hospitalised patients hence it being located very close to many of Paris’s top medical institutions. The building itself has been designed to deal with short term clientele whether it be nightly, weekly or monthly stays and hence has many onsite facilities such as a restaurant, reception, lounge and extras such as wifi, washing machines etc. The apartments are therefore “serviced apartments” as they can have hotel services provided with them (breakfast, daily cleaning, provision of linen, towels etc) however if the owner does not wish to rent the property out or have any of these services provided then he may do so- these services are not an obligation but an option for owners to take if they want to earn a good rental income from their property. Below are some of the key highlights of this property investment:

Key Features:

- 7km from the centre of Paris (16 mins by metro on line 7)
- 10/15 mins walk from the closest metro/RER station
- Choose from short term lets, residential lets, sign a commercial lease for 9 years or don’t rent it out at all
- For short term lets (para-hotelier) you choose which weeks you want to rent out
- Excellent on site facilities that include a 200m reception, restaurant, library, washing machines, wifi etc
- Properties are fully furnished & equipped with kitchenette, flat screen TV and more
- Views of the Eiffel tower or Montparnasse tower from some balconies

Investment Highlights:

- 46% discount from 2009 sold prices and 36% less than current prices of other similar properties in Villejuif
- The lowest interest rates in over 60 years with mortgages from 2.3% & up to 80% LTV
- Attractive tax incentives: very low income tax on rental income
- 20% VAT rebate from the tax administration (if rented out)
- Projected 8.1% NET yield (if rented out via the para-hotelier system)
- Fully-managed in terms of maintenance and rental (if rented out)
- Investment from just 21,031 Euros (just 3,736 Euros after VAT rebate)
- Cash-flow positive from the first day

An investment simulation has also been attached here to provide a quick comparison on the potential outcome of each type of rental system. Please remember though that it is just a simulation and does not form any part of a contract or obligation from Leapfrog Properties, nor is it investment advice.

To reserve an apartment in this residence 10% of the price (inc VAT) must be sent to the French notaire and a reservation form completed. For those that wish to take out a French mortgage a 1,000 Euros broker fee will apply.

Price quoted is for a studio unit assuming VAT rebate is applied

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