Description
STUDENT RESIDENCE IN RARE ISLAND SETTING
Golden sand beaches and peaceful coves on the fourth largest island in the Mediterranean Sea. Located west of Italy, southeast of France, and north of the island of Sardinia, Corsica is renowned for its natural surroundings including clear blue waters, lush forests, mountains and traditional villages. The island boasts an ideal Mediterranean climate, with hot, dry summers and mild winters. Corsica is divided in two departments: Corse-du-Sud (Lower Corsica) and Haute-Corse (Upper Corsica). The island has 1,000 km of coastline and more than 200 beaches, and is very mountainous, with Monte Cinto as the highest peak at 2706m and 20 other summits of more than 2000m.
Residence Vanina Park is ideally located in the centre of Corte in Upper Corsica. Corte has become a major University town in Corsica with over 4,000 students and an extremely prestigious faculty association. The student population has drastically augmented over the past 5 years making up more than half of the total population on the island of Corsica. The University of Corsica offers three faculties in Law, Social Science and Literature and Grossetti Campus specializes in Sciences, Health and Environmental Studies. Residence Vanina Park is a private residence that is secure and calm providing the perfect solution for students and professionals who may be studying or interning at one of the nearby Universities or research centres. The residence comprises 4 buildings comprising 6 floors each joined together by a vast central patio perfect for taking mid day breaks in the sunshine. Most apartments offer private terraces with views over the beautiful surroundings affording modern day professionals with ideal conditions for both work and leisure. The residence has been strategically placed close to the centre of Corte and all amenities, not far from Corsica's major Universities and research centres. Corte anticipates a state of the art library as well as a third campus for 2015.
Vanina Park has been a long awaited project as it is a very strong investment product with a good yield located on one of the most beautiful islands in the world! Investors may rest assured that the location will secure demand as well as the need to satisfy the student population that is very real in Corsica. Investors will earn just under a 5.7% rental yield during a minimum of 11 years guaranteed by a commercial lease. This commercial lease is backed by France's most proven student residence management company. It is a good idea to invest in Corsica at this time because opportunities are rare and with a population of just 260,000 not many new developments are being built. Properties hold their values extremely well and the popularity of this island destination will safeguard your decision.
VANINA PARK
France, Mediterranean Coast, Corsica - Corte
Studio 20m² to 20m² Euros 64,000 to Euros 64,000
One Bedroom 34m² to 36m² Euros 109,000 to Euros 112,000
Two Bedrooms 53m² to 53m² Euros 173,000 to Euros 173,000
Guaranteed Buy to Let - Leaseback
GUARANTEED RENTAL INCOME UP TO: 5.65%