An investment property in a tourist residence with annual rent of €6,711.47 before taxes and a 5.20% return in Aix en Provence, Bouches-du-Rhône, Provence-Côte d'Azur
€129,000 [convert]

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Key Features

Property Type: Apartment
WCs: 1
Swimming Pool
France Property Shop ID: 480955
Reference: 7501156597

Property Description

An investment property in a tourist residence with annual rent of €6,711.47 before taxes and a 5.20% return in Aix en Provence

The Appart'hôtel Odalys Les Floridianes residence is ideally located just a 5 minute walk from the famous Cours Mirabeau, the historic town centre and the Rotonde. It boasts numerous features, such as a heated outdoor swimming pool (open from April to October, weather permitting), a solarium terrace with sunbeds and free wifi access.

For sale is a 17m² studio apartment, located on the 3rd floor, comprising of a main room with kitchenette, a terrace, a shower with toilet and wardrobes. The apartment comes with an interior box parking space.

The apartment is sold furnished.

With this property, you can invest without the issues that come with renting. Rental income guaranteed regardless of the residence occupancy rate. Invest and guaranteed yourself a tax-free income source, thanks to the LMNP (non-professional furnished renter) tax status.

The LMNP (Non-professional Furnished Renter) is a tax law which allows an individual to establish property assets which guarantee constant revenue, under extremely favourable legal and tax conditions. Thanks to the LMNP, you can rent a house or apartment situated within a ‘service' residence (such as a residence for tourists, business people, students or the elderly) with the guarantee that your future income stream from it will not be taxable.

As well as allowing you to establish property assets, the LMNP allows you to establish a personal retirement fund, or a family emergency fund, since in the event of death or disfigurement, the mortgage insurance provider will reimburse your current loans, allowing your loved ones to benefit directly from the revenues coming from this property.

Property subject to the legal statute on condominiums. Annual condominium charges (average annual sum share of the seller's provisional budget): € 460.42 Furnished property. To receive more information about this property and to be put in touch directly with our local agent, Paul Delamotte, please fill in the form below.


Agent

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Contact details: