LA ROCHELLE Charentes Maritimes (17) Charente Poitou Résidence “Domaine Du Clavier” Distributed by LMNP Promoter EVER PROMOTION Status : Non Professional furnished property renter (LMNP). 9 Year fixed term lease. Status : Non Professional furnished property renter (LMNP). 9 Year fixed term lease. It is quite a rare event to see the Cecim Investment Committee approve and give the go ahead to a 'luxury' development project. This is because the criteria that justify such a label are often not respected: many socalled 'luxury' developments are far from it in reality. 'Le Domaine du Clavier' is, however, an exceptional residence from every point of view. This is a very rare product. All the criteria of a true luxury residence are present : Its location, in the heart of a wooded park, is exceptional: a high quality environment that will guarantee a sustained investment value for decades. Its position in the area is unique : • Close to the bridge connecting La Rochelle to Ile de Ré • Close to the airport • Just a few minutes from La Rochelle town centre with fully secured cycle paths. There is also a cycle path to Ile de Ré. The occupancy outlook is very bright, for several reasons : La Rochelle and its surrounding region are France's third most popular tourist destination. The sea and the islands of Ré and Oléron are close by, Fort Boyard, the plains and surrounding countryside… all attract tourists from throughout Europe. The high level of services planned by the developer will add a finishing flourish to this luxury residence. La Rochelle is also one of France's leading conference towns. Luxury accommodation facilities have been in short supply for some years now as this sector develops. There is high demand for this type of accommodation throughout the La Rochelle region and the 'Corporate' clientele is present all the year long. These elements enable us to say that 'Le Domaine du Clavier' is an absolutely solid investment. We have classified this development under the 'Cecim Prestige' label, a label which indicates our premium developments. The Cecim investment committee’s opinion Geographic location The residence offers fast access to motorways providing connections to many major cities. There is a double lane road that brings La Rochelle to within just a few minutes. Direct access to the bridge to Ile de Ré and its beaches. A cycle path, directly accessible from the residence, provides direct access to the beaches, La Rochelle and even Ile de Ré. Pte de Grave Pte de la Coubre Ile d'Oléron Ile de Ré Vienne Charente Gironde Sèvre Nantaise Sèvre Niortaise La Rochelle Niort Poiti de-Monts Challans Thouars Ruffec Barbezieux Jonzac St-Pierre-d'Oléron Le Verdon-sur-Mer Bressuire Loudun Luçon C No La Roche-sur-Yon s-d'Olonne Royan C Saintes Cognac Angoulême Rochefort 16 85 79 86 Fort Boyard TGV Lagord a Rochelle ch l Roch elle lle N La L V Lagord g d Greater La Rochelle. 18 communes / over 147,000 inhab. Over 3 million visitors per year. Access • Motorway connections to Paris, Nantes and Bordeaux. • Close to La Rochelle-Ile de Ré airport, accessible directly from the residence. 4 airlines are present with daily flights to Lyon, Clermont Ferrand and Paris… and flights to London several times per week. • The Bordeaux Nantes TGV provides connections to Paris in 2h30. La Rochelle Aquarium Fort Boyard Why invest in La Rochelle ? Lagord, commune of La Rochelle 2h00 from Bordeaux and 1h30 from Angoulême. 2h30 from Nantes 3h00 from Paris La Rochelle, 3rd most visited town in France With exceptional sunshine levels (2,400 per year, the same as the Côte d'Azur) and the proximity of the islands of Ré, Oléron, Aix… La Rochelle is a privileged spot for getting away from it all. Greenery, beaches, fortifications, cliffs… a highly diversified environment. With over 3 million visitors per year, La Rochelle is one of France's leading tourist destinations The proximity of Ile d'Oléron, and especially Ile de Ré, a hot spot for stars from show biz, politics and the business world, make a significant contribution to making this commune one of Europe's favourite destinations. It is an obligatory passing point for the dream island destinations. But over and above its tourism attractions, La Rochelle attracts a high level of business tourists and is developing first class economic clusters Many companies choose La Rochelle for their seminars, product presentations, incentive activities… for two key reasons: The location and scenery are amongst the most beautiful in France; The hosting infrastructure is perfectly adapted to such events. The only cloud on the horizon is the quantity of accommodation units for short term stays The residence falls right into this category and meets a growing demand for luxury accommodation with premium level services A multidisciplinary university, TGV train station, a record breaking commercial port, an extended airport, new business activities in the sectors of finance, water sports and tourism and the perspective of reaching the level of 100,000 inhabitants by ... La Rochelle is one of France's most dynamic towns. Foodstuffs, nautical industries, TGV, fine chemistry, tourism, etc., La Rochelle has chosen to base its future on the development of grey matter, technologies of the future and quality of life. Two key poles are being developed: the transformation and exploitation of produce from the sea and industrial foodstuffs through high added value products. Agrocean, a 20 hectare business park, gives La Rochelle a unique competitive advantage on the Atlantic coastline. A strong maritime influence Fishing, transport, leisure activities, yachting, La Rochelle is one of the focal points on the Atlantic coast. Its four ports make it one of France's leading marinas both in terms of economic activities and tourism. Fishing has long been a tradition at La Rochelle, the activity left the town centre in 1993 for new facilities at Chef de Baie. The new fishing port now represents a key economic platform for sea produce: fish trading, salting, smoking, mussel and oyster cultures… La Rochelle is also on the itinerary as an Atlantic stopover for the grandest cruise liners. 2003 saw 28 stopovers representing 15,600 passengers. From engineers to researchers, constructors to sailors, this is one of France's main business centres in the marine sector. The town is also a pioneer in terms of urban ecology and is a pilot town for electric vehicles. A rich cultural activity La Rochelle is renowned world wide for two major events: 'Les Francofolies', one of Europe's biggest music festivals. 'Le Grand Pavois' which attracts the world's best skippers and record numbers of boats. The property developer EVER PROMOTION Ludovic Bréant, after having created a company specialised in the sale of property investment products in 1994, which was floated in 1999 and later sold to a bank in 2001, is today devoting his energies to the development of a property and hotel services group. EVER PROMOTION builds over 500 accommodation units per year. The developer's philosophy is based on a drive towards the highest levels of quality. An HQE (High Environmental Quality) label has been adhered to in order to underline this quality aim. The developer aims to bring the very best out in a property's potential in order to ensure high rental attraction. This is without question a guarantee of long term solidity. The label also participates towards ecological balance, working towards a better future for our children who will inherit our present day pollution. The manager RESID EVER RESID'EVER is a company specialised in managing hotels and hotel services. Before joining a development programme the company always : • Carries out an in-depth market study into tourist development and produces a feasibility analysis. • Checks with leading Tour Operators throughout Europe that the project is of interest to them. • Lays out the specifications in terms of type of residence, its layout and services. Franck Mondon, Managing Director, has 12 years' experience in the hotel, catering and hotel residence businesses. He directed a group with 120 employees for 10 years and a leisure village on Ile de Ré for 2 years, with 500 beds, a restaurant seating 450, an 800m2 swimming pool and 5 tennis courts. At present the RESID EVER Group manages 4 hotels and hotel residencies. The residence “Domaine le Clavier” is a 4 star tourism residence located on the edge of La Rochelle with direct access to Ile de Ré and the international airport. It is set in an exceptional 12 hectare park with hundred year old trees, around a 19th century castle. Panoramic view over the Ile de Ré bridge. The hotel residence's 6 buildings offer 114 apartments from studios to 3-rooms with surface areas from 30 to 68m2 with balcony. Each apartment has a parking space. Interior equipment : Collective satellite dish with access to 'Canal Satellite Numérique', multi-channel television. Furnishing : The furniture complies with quality standards of a 3 or 4 star hotel. Furnishings include : • A white beech wood framed sofa • Beech wood armchair and white chairs • Coffee table • Beech wood 3 drawer chest of drawers • An oak panelled desk Domaine Du Clavier Domaine Du Clavier The residence • 'Lesage' floor carpets • 'Houles' curtain rods • 'Toile de Mayenne' curtain fabric • 'Merinos' mattress and bed base • 51cm 'Samsung' television • 'Tavolina' crockery, glasses and kitchen utensils • 'Guy Degrenne' cutlery and accessories • 'Opportunity' bathroom accessories • Original, framed engravings • 'Elsa C' bed cover • 'Bellino Lighting' lamps and wall lamps • Decorative objects by 'Anders', 'Country Corner', 'Du bout du monde', 'Compagnie du Sud' • 'Fermob' forged iron terrace furniture Tableau de Surfaces Entrée 1,57 m2 Bains 3,78 m2 Séjour 17,60 m2 Chambre 10,13 m2 Total Hab. 33,61 m2 Loggia 8,84 m2 TOTAL 42,45 m2 Example of a 3 roomed apartment with terrace and car park Tableau de Surfaces Entrée 1,73 m2 Bains 3,78 m2 Séjour 15,11 m2 Cuisine 2,79 m2 Chambre 1 10,13 m2 Chambre 2 9,85 m2 Total Hab. 44,00 m2 Loggia 24,49 m2 TOTAL 67,89 m2 Example of a studio with terrace and car park Tableau de Surfaces Entrée 1,73 m2 Bains 3,78 m2 Séjour 18,15 m2 Total Hab. 23,66 m2 Loggia 6,50 m2 TOTAL 30,16 m2 Tax status for the project LMNP Non Professional Furnished Rentals AN EASILY ACCESSIBLE STATUS • The investment must be made on furnished accommodation for rental. • There is no registration required with the RCS (Commercial and company register) • Rental revenues must be declared as BIC (Industrial and Commercial Profits) COMPATIBLE WITH VAT RECOVERY if, and only if: • The accommodation is within a registered tourism or service residence • The investor signs a commercial lease of at least nine years with a management company offering at least three out of the four following services: reception and wardens, maintenance of private areas, breakfast, supply of household linen. • Rental payments are subject to VAT at 5.5%. The VAT recovery procedure is triggered when the investor can justify reception of 3 months' rent. After a further 3 to 6 months the tax authorities will return a cheque that investors can use for: • Their pleasure • Refunding loan payments • Adding to the capital contact within the framework of an IN FINE loan ENABLING INVESTORS TO GENERATE TAX FREE REVENUES Every year instead of paying tax on the full amount of rental payments received, investors may deduct the following from their rental income (BIC): • Loan interest • Co-ownership charges • Furnishings depreciation (generally spread over five years) • Building depreciation (generally over thirty years) These sums are deducted from the revenues and reduce the tax payable on rental income to zero. If the amount deductible is higher than the amount of tax payable (rental income - deductions = zero), the difference (BIC deficit) can be carried forward for up to 5 years and used against any profits made in this period. In loss making periods depreciation is not deductible but carried forward against revenues from profit making years. Technical specifications Developer : EVER PROMOTION Location : Le Domaine du Clavier - Avenue du Clavier - 17140 LAGORD Type of development : Hotel residence : 6 buildings; 60 2-roomed; 42 3-roomed; 12 studios Taxation : LMNP + VAT recovery Manager : Résidence EVER - 99/103 avenue du Général de Gaulle - 94500 CHAMPIGNY SUR MARNE Delivery : 2nd quarter 2007 Signature of the deeds : Can be delivered Reservation amount : Cheque for 5% of the total amount made out to Me THURET Guarantees : Fixed 9 year commercial lease
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