COSY MOUNTAINS CHALET

Reference: BC SEMBADEL - 3 Bedroom Ski / chalet - €54,000 (LIFE ANNUITY SALE PURCHASE PRICE 54000 EUROS PLUS 650 EUROS LIFE ANNUITY MONTHLY PAYMENTS)
Location: Puy-en-Velay, SEMBADEL

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€54,000 is approximately :

Australian Dollars : $87,650

British Pounds : £48,383

Canadian Dollars : $85,347

Hongkong Dollars : $623,455

Japanese Yen : ¥7,281,509

New Zealand Dollars : $110,714

Swiss Francs : F81,651

US Dollars : $80,446

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

€54,000

Bedrooms	Habitable	Land Size
3	?	20002m²

3 Bedroom Ski / chalet - €54,000 (LIFE ANNUITY SALE PURCHASE PRICE 54000 EUROS PLUS 650 EUROS LIFE ANNUITY MONTHLY PAYMENTS) - Location: Puy-en-Velay, SEMBADEL

Auvergne, Haute-Loire, Puy-en-Velay

This Property is For Sale by FGP CEV
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Highlights

COSY MOUNTAINS CHALET IN SEMBADEL

Description

COSY CHALET IN SEMBADEL
fantastic view on mountains and valley
on an outside space 2000 m2
fitted with private garage
first floor
one bedroom - bathroom - independent wc - double living room with cheminees - fully fitted kitchen - veranda balcony - living room balcony -
second floor
two bedrooms - 2 roofs spaces and their beautiful wooden ceilings
life annuity sale
54.000 euros downpayment plus 650 euros monthly life annuity payment
occupied by sellers couple 83 and 85 years old

PROPERTY FOR SALE AGAINST LIFE ANNUITY IN FRANCE
people over 70 often seek means to increase their income
they can sell a property "en viager" to a buyer who will pay them an "annuity" for the rest of their lives
they will receive an income indexed to cost of living avoiding risks associated with traditional investments scheme
the sale against life annuity can be either vacant (rare)or occupied (most commonly)
in thE latter case the seller remains living in HIS house for the rest of his life or for a more limited period.
the seller may relinquish occupation at any time in which case life annuity is increased by a further supplement

WHAT ARE THE ADVANTAGES FOR A BUYER ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price is often modest
rate of the annuity can often be lower than the repayments on a bank loan
no need to manage a let and no income to pay tax on until such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of title the buyer is required to pay the purchase price
the balance is payable monthly in the form of life annuity which is calculated on the basis of following criteria:-

value of the property purchased
amount of downpayment
life expectancy of seller

life annuity is linked to consumers price index and updated once a year

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Features

Bedrooms: 3
Land Size: 20002 m²
Isolated
Ski
Balcony
Wood

Condition and Utility Information

Condition - New

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