Leaseback in Saint Malo/ Mont Saint Michel

Reference: Saint Malo - 1 Bedroom Leaseback - €116,000
Location: Côtes-d'Armor

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€116,000 is approximately :

Australian Dollars : $198,123

British Pounds : £93,531

Canadian Dollars : $179,654

Hongkong Dollars : $1,335,726

Japanese Yen : ¥18,607,532

New Zealand Dollars : $243,049

Swiss Francs : F187,115

US Dollars : $171,039

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

For Sale

Brittany, Côtes-d'Armor

€116,000

Bedrooms	Habitable	Land Size
1	?	?

This Property is For Sale by Malpen Investments

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Description

Cancale lies along the coast to the east of Saint-Malo. It is a picturesque fishing village popular with visitors many of whom are drawn by its reputation as the 'oyster capital of Brittany'. Though a small town it is well served by a large number of restaurants, many specialising in seafood. When not eating one can sit and watch the bustle of this busy little town with many stalls selling crustaceans of all types.
There is a pleasant coastal path which permits a circular walk from the town to the Pointe du Grouin with views across the bay towards Mont Saint Michel.

Access :
Flights:
London -Dinard
East Midlands – Dinard
Dublin – Rennes

Dinard- Cancale: 25 km
Rennes – Dinard : 72 km
St Brieuc – 93 km

Price of the apartments:
From €116,776 to €261,643
The development is composed of 48 units.

Prices:
• T2 – One bedroom apartment: €116,766 excl. VAT – about 34.4 sq m
• T3– Two bedroom apartment: €156,021 excl. VAT– from 36,20 sqm to 48.70 sq m
• T4 -Three bedroom apartment: €261,643 excl. VAT - about 59.25 sq m

The apartments can also be sold freehold (with VAT included and no lease contract)

Yield:
• Option A :
Invest Pack: a yield of 4.6% without occupation

• Option B :
Leisure Pack: the owners can use their property up to 8 weeks and calculate their yield according to how many weeks occupation they will choose and when they wish to occupy their property (High, medium, or low season).

The yield is calculated as follows:

Personal use during Very High Season :
Number of weeks x coefficient 0.80 = -…….. %

Personal use during High Season :
Number of weeks x coefficient 0.60 = -…….. %

Personal use during Middle Season:
Number of weeks x coefficient 0.50 = - ……%

Personal use during Low Season:
Number of weeks x coefficient 0.15 = -……. %

Yield = 5% - (Number of weeks x Coefficient)

Service:
Heated indoor and outdoor swimming pool
Parking

Features

Bedrooms: 1
Village
Beach
Terrace