12% Price reduction on a French leaseback
The development Le Moulin Neuf is situated in Manosque, near Aix en Provence. Its prices have been reduced by 12%. As a result, the return on investment increased from 4.79% to 5.4%.
Only 5 units remain available and it is possible to buy them at that price if you sign the final deal of sale before the 24th December 2008. Consequently, €118,307 will buy you a one-bedroom apartment, offering 32.39m2 of living space, a fully fitted kitchen, a bathroom, satellite TV, phone plug and electric heating.
The Moulin Neuf is a high standard complex, destined to receive businessmen. It is a residence offering a reception, a luggage area, an outside car park, a lift, a dining area and a laundry, but also services such as a fitness centre, suiting working people.
Manosque is a dynamic and attractive city. It welcomes around 72,000 visitors a year. It already hosts two research centres and is waiting for a third one, which is worth several billion pounds. The new energy research centre will bring 5000 workers who require accommodation. The historical centre of Manosque is very sought-after, as it is very charming with narrow streets, Roman churches and 17th century hotels.
It is interesting to invest in this French Leaseback, as it has a high rental demand, the income is index-linked with the construction cost. There is no self-occupancy scheme this giving a better return. The development will be delivered on the 1st quarter 2009.
As an investor you can visit your investment in France and deduct your travel expenses. For more information do not hesitate to consult your tax advisor.