The Lease Agreement:

The freehold apartments will be leased for 9 years/11 years by one of the largest French tour operators. This is a leaseback investment with occupancy offering a net rental yield up to 3.35% excl.VAT

Serenissime OPTION

You will earn 3.35% excl.VAT as guaranteed return with 2 weeks occupancy :

Guaranteed rental incomes with 3.35% yield VAT excluded on your investment (excl. parking and furniture) plus one of the following personal usage packages:

*         Christmas package: Christmas week + 1 week in Summer

*         Easter package: Easter week +1 week in Summer

You will get immediate 30% discount (representing 11 years rental income upfront paid by the management company + VAT paid upfront by the developer).  Moreover, you will enjoy 6 weeks occupancy per year: 1 week in high season + 1 week in Mid season + 1 week in Low season + 3 weeks in summer)

The Management Company:

The residence will be managed by Lagrange Prestige, a renowned management company enjoying an excellent reputation amongst investors.

The company offers a very professional response to the ever-increasing demand from clients looking for high-quality residential leisure complexes.

Lagrange will take full care of the management of your apartment and relieve you of all the problems involved in renting your property.

The VAT Refund:

One of the advantages of the French leaseback scheme is that the government refunds the 19.6% VAT that is included in the purchase price of all new builds. VAT paid within the purchase price of the parking and furniture package will also be refunded.

In this case here, the developer will advance the VAT payment for you. The good news is that you will only need to pay the price exclusive of VAT!

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.