The Lease Agreement:

The freehold apartments will be leased for 9 years by one of the largest French tour operators. This is a leaseback investment with occupancy offering a net rental yield of 4.10% excl.VAT

Etikea option: This type of lease agreement is made for those seeking more rental income than occupancy with guaranteed return of 4.10% excl.VAT and 2 weekends occupancy.

Evaseo option: This type of lease agreement is made for those seeking a balanced investment through getting a guaranteed return of 3.40% excl.VAT and 5 weeks occupancy.

Rental income is based on the apartment price excl.VAT

Full details are in the brochure.

The Management Company:

The residence to fall into the leaseback scheme there is a lease agreement that will bind the owner with a selected management company. The one selected for this residence is one of the major management companies in the tourist residence and hotel management. It has been chosen for being renowned for its high management service delivered to its clients.

The MMV (Mer Montagne Vacances) management company works with more than 700 tourist partners with more than 25 years of sound expertise with hotel and tour operating services. They have more than 500,000 overnight stays per year.

The VAT Refund:

By signing a management agreement for 9 years, the %VAT  that is included in the purchase price of all new properties in France is fully refundable to the owner by the government following completion of the development. VAT paid within the purchase price of the parking and furniture package will also be refunded.

In this development, the developer will advance the VAT payment for you!

Reservation Process:

In order to take a property off the market, a 5% deposit will be requested, based on the total price including VAT. This deposit is fully refundable if you cannot get a mortgage. The funds will be transferred to the notary office in charge of the development and will only become available to the developer upon signing of the final contracts.

Full details of the buying process and the relevant parties involved will be sent to you upon request.