This leaseback development; Les Portes d’Alsace Residence Mutzig, offers 85 fully furnished studios to 2-bedroom apartments Property type: Leaseback Investment - student residence Address: Mutzig Accomodation: Studio to 2 Bed Sizes: 20 to 43sqm Notary: Maitre Knittel Deposit: 5% of TTC Prices: €83K to €191K TTC Deposit: to Maitre Knittel Yield: Up to 5.58% Nb of units: 85 with 25 car park Lease date: 1st July 2009 Purchase: TTC (VAT inc) Delivery date: 30th June 2009 Lease term: 11 years 11 months The Residence offer:In side and Outside Car Park Facilities - Luggage Room - Reception Area - Sauna and Masage room - Lift to all stairs anf garage - Disable people facilities - Restaurant - Laundry The Accommodation:Fully Furnished with TV - Telephone socket - Electrical Heating - Fully Fitted Kitchenette - Fridge - Vitroceramic Hob - Microwave - Fully Fitted Bathroom with shower or Bath and Fan Radiators - Cupboards and Shelves - Sofa - Secured entrance doors - Double glazing - Separate ToiletThe Investment:High rental demand - Yield paid quarterly in areas - 19.6% VAT Cash Back - Index-linked Income - No Self Occupancy Scheme - Tax efficient investment vehicle - Amortization on 30 years basis available for income tax purpose - Mortgage interest deductible from income return. The Location:The residence is ideally located in the heart of a business centre in Mutzig, 30mins from Strasbourg. It has a reception, indoor and outdoor car parks, lift, luggage area, disabled facilities, sauna and massage room, gym, launderette and restaurant. Strasbourg is the capital city of the Alsace region in northeastern France. Beautifully fused into the France-German culture (Alemannic), it also has strong links with the Latin culture. Strasbourg airport can be reached in 20mins.
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*Based on a loan amount of €250,000 over a 20 year term. **Lower interest rates will be available at different LTVs (loan to values)
1. Some of these rates are also available for the purchase of a leaseback property. 2. This information should only be used as a guide. All product specifications will depend on the individual’s financial circumstances. The products mentioned here are for non-resident clients, other products will be available for residents. For a personalised French mortgage quote please contact International Private Finance Ltd or submit your information online. Information correct as of 05/12/08.