Price in EURO : from €91,500 to €127,500 excl.VAT
Price in British Pounds : From £81,027 To £112,907
Personal Occupancy : yes
Location : Dordogne - Aquitaine, France
Delivery Date : 3rd quarter 2011
Guaranteed Income : 4% excl.VAT
Lease Length : 11 years
Property Type : from 1-bedroom to 2-bedroom apartments
Facilities : Heated swimming pool– children’s playground, fitness centre and bowling pitch.
NEW RELEASE! FULL VAT REFUND!
The residence is located in Les Eyziers de Tayac, almost on the banks of the Vezere: an ideal spot that lends to many cultural, sporting or even gourmet tours. Built in harmony with its surrounds, it is a dream spot to refresh one’s ideas, whatever one’s fancy. Its tiny buildings are dotted around a delightful swimming pool, set in the midst of a landscaped park. Nothing is left aside, making this relaxing parenthesis a memorable moment: Spa and fitness centre, French boules pitch, children’s play area, secured car park.
The residence is located in the heart of Dordogne, min away from Sarlat and the Lascaux caves. It is 20 km away from the magnificent village of la Roque-Gageac, Beynac and Belvès.
Total price details excl.VAT (incl. Furniture and parking)
1-bedroom apartment: From €91,500 to €102,500
2-bedroom apartment: From €118,500 to €127,500
Les Eziers de Tayac: At the heart of Black Périgord, between the Lascaux caves and the town of Sarlet…
An authentic city of the Perigord, Les Eziers de Tayac is nestled in Cro-magnon land, neighbooring the Vezere valley (or the “valley of Man”). More than 450,000 years of history ooze out from this village, a true concentration of emblematic sites: including a meusum of prehistoric times. Chasms, grottos (including the Lascaux caves) and Paleolithic paintings, all listed as World Heritage by UNESCO, are waiting to be discovered within the marvellopus limestone cliffs. Les Eyziers de Tayac provides an ideal anchor point of discovering Sarlat, the mediaeval city with its flagstone roofs and renowned market.
he lease agreement:
The freehold apartments will be leased for 11 years by one of the largest French tour operators. This is a leaseback investment with occupancy offering a net rental yield of 5.28%.
You will be able to use your property or similar one (depending on availability) in your residence or any other management company’s residences for up to 90 days per year with a tariff between €50 and €150 per week (depending on property you will occupy) excluding high season.
Besides this, you do enjoy a 10% discount for high season usage on public tariffs in the residence or any other residence.
Rents will be payable on a quarterly basis, and will be linked to inflation. Rent-Index maximum increases of 1.5% on average per annum.
The Management Company:
The residence is fully managed by Village Centre Gestion, it is a company specialised in the management of apartment hotels and tourist residences.
It is a family business known in the regional level of France; Village Centre Gestion has 25 years of experience that helped them to build up their know-how and expertise in the management of tourist and hotel residences.
The VAT refund:
By signing a management agreement for 11 years, the VAT of 19.6% 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.
The Stage payments:
Reservation Contract - 5%- Total 5%
Start of building works – 25% - Total 30%
Completion of foundation work – 5% - Total 35%
Flooring of ground floor – 30% - Total 65%
Completion of the roof – 5% - Total 70%
Completion of carpentry – 20% - Total 90%
Completion of work – 5% - Total 95%
Handover of keys - 5% - Total 100%