Type: Leaseback Property
Year Built: 0
Status: For sale
| Price for sale (euro): 70,300
SQ (m2): 0
Bedrooms: -----
Bathrooms:
WCs: 0
Weekly Letting Price (euro): |
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Contact Tel:
Contact email: click here |
Town: Mulhouse
Region: Alsace
Post Code:
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| Features: | Water connected
Electricity connected
Telephone
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LOCATION
The industrial capital of Alsace, Mulhouse is located on the plain between the Vosges mountains and the Rhine river. It is located at the southern end of Alsace near the beginning of the Jura mountain range and the Sundgau region. In recent years the popularity of Mulhouse as a tourist attraction has greatly increased as the tranquillity of its agricultural setting makes it an attractive destination for those wanting to relax and unwind.
Mulhouse itself is a very interesting city rich in historical heritage. It is famous for containing a great number of museums, most famously the ?Musee de L?Impression sur Etoffes? which charts the rise of Mulhouse?s well known textile and fabric painting. The city also enjoys extensive shopping facilities, a great deal of wine bars and many Alsation taverns where one can enjoy a range of traditional white wines.
THE DEVELOPMENT
The ?Le Regent? development is ideally situated in the town centre of Mulhouse within easy walking distance of numerous shops, bars and restuarants. The development is spread over five floors and consists of fully furnished apartments which benefit from underground parking. All apartments are fully managed and maintained by Residhotel, one of the largest and most experienced of the French management companies who will be renting them to young professionals.
The returned apartment is number 96, a fully furnished studio apartment on the top floor of the residence. The apartment faces south so will be light throughout the day, and benefits from an underground parking space included in the price. Investors benefit from a massive guaranteed rental income of 5.4% of the NET property price and this income is index linked and increased every third year. The builder is paying the VAT for investors so the purchase price enjoys a 19.6% discount and is great value at just Ђ70,300.
This development sold extremely quickly upon release and many people were dissappointed as they missed their chance to reserve one of these excellent investment apartments. This is now the perfect opportunity to reserve a top floor south facing studio apartment in the residence with a fantastic yield of 5.4% - a ideal entry level leaseback opportunity
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