Leaseback re-sale – 1 bed apartment with parking and 6% annual return (close to Geneva)

This 2 bed apartment is ideally located in the ‘La Versoix' residence set in the peaceful setting of Divonne-Les-Bains, close to Geneva.

Property type: Leaseback Re-Sale Apartment
Address: Divonne les Bains
Accommodation: 1 bedroom
Price: 91,600 Euros
Size: 44.82 sqm
Yield: 6%

The Development:
The residence "La Versoix" is ideally located in Divonne-Les-Bains, a popular spa-town on the French-Swiss border, a mere 15 minutes from the centre of Geneva, the airport and just a stone's throw from other major transport connections. Divonne-Les-Bains will charm you with its lake, casino, golf course and congress centre.

The Apartment:
This 1-bed apartment is situated on the 1st floor of the residence, offering 44.82sqm of living space including: an entrance hall, a living room, a fully equipped kitchenette, a bedroom, a bathroom and a WC. Fully furnished, the apartment is equipped with free internet access. The apartment also comes with an underground parking space.

The Location:
Only ten minutes from Geneva, Divonne les Bains benefits from all the charms of a small spa town, with a highly refined living environment including luxury hotels, fine dining, golf courses, thermal baths, a race course and a casino. Although a highly appreciated holiday destination, Divonne les Bains remains a quiet, family-orientated and picturesque place to live, on the doorstep of the Haut-Jura Natural Park.

Investement:
9 year commercial lease (expiring in 2019). Rental income: 6% guaranteed cash return (€5,496 per annum)

Occupancy: No occupancy available on the current lease contract. It is possible to add more weeks of occupancy by negotiating with the management company in exchange for a reduction in the guaranteed rental income. The occupancy negotiation can be taken care of by our French team.

Financing: We have our own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, we can get the right mortgage for you. This mandate has been registered by our local agent Catherine Ryall – For more information about this property reference (Item 2964) or to book a visit please fill the contact form below. To receive more information about this property and to be put in touch directly with our local agent, Sarah Bamba, please fill in the form below.