Property Details
Price in EURO : From €61,163 to €135,000 excl.VAT
Price in British Pounds : From £54,163 To £119,548
Personal Occupancy : Yes
Location : Plescop - Brittany, France
Delivery Date : Phase III: 4th quarter 2010
Guaranteed Income : 3.80% excl.VAT
Lease Length : 11 years
Property Type : From studios to 2-bedroom apartments/ 2-bed houses
Facilities : Outdoor heated swimming pool, terrace, barbecue space, fitness club, park and close to beaches
The Development
In the heart of the wooded moors lies the charming village of Plescop located just few minutes from Vannes and Golfe du Morbihan. Plescop is classified as a nature resort and one of the most beautiful bays in the world.
Voted Town of Art and History, this two thousand year-old city boasts the blue flag awarded thanks to its pristine water and beaches. You can get caught up in its picturesque lanes and city walls, or in one of the many exciting cultural and sports activities. Each season, this beautiful coastal city attracts many tourists who stop over for a taste of its legendary good living.
At the heart of Plescop, discover its enchanting domain. This stunning residential complex, with its coloured contours, is set in a private and wooded environment on the edge of the lake. To boost your vitality, Plescop offers a fitness and balneotherapy centre along with a heated swimming pool and a barbecue area.
Price details: Leaseback option
Apartment Price excl.VAT
* Studio: From €61,163 to €88,000
* 1-bed: From €76,650 to €87,000
* 2-bed: From €125,000 to €135,000
House Price excl.VAT
* 2-bed: €140,000
Price details: Outright option
Apartment Price incl.VAT
* Studio: From €73,150 to €105,148
* 1-bed: From €91,673 to €105,042
* 2-bed: From €149,500 to €161,460
House Price incl.VAT
* 2-bed: €167,440
Location Details
The Morbihan, a land rich in history and treasures, reigns over South Brittany. There is no place like this mysterious land of contrasts, boasting a host of ancient remains such as its megalithic sites, its grand religious monuments or the mysterious cities of Carnac, Vannes and Lorient. The very spirit of this Celtic region was forged from its wild and generous countryside. Its rich variety, combined with its mild climate and hospitable inhabitants, attract numerous tourists who are ready to embark upon an unforgettable adventure!
The Morbihan flirts amongst cliffs, estuaries and large sandy beaches enchanting those sea lovers. Weathered sailors, ship’s apprentices, fishermen and beach goers are all taken in by the charm of its famous Golfe. The Quiberon peninsula, the rivers Etel and Auray and the islands out at sea are as many reasons to hoist sail.
The 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 up to 5%.
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.