Near Paris - Resale leaseback for investment

• Sextant French Property
• http://www.sextantproperties.com
• Tel: 020 7428 4910 info@sextantproperties.com

• Bedrooms: 1

• Condition - Restored / Habitable

On the edge of Paris, only 5 minutes walk from the metro station Hoche, this student residence Le Beaumarchais offers a resale leaseback with yield up to 5.92%, ideal for a student or a young professional.

Property type Resale leaseback
Address Pantin
Accommodation 1 bedroom
Prices €110,160
Sizes 32.83sqm
Yield 5.92%
Delivery Date: Delivered
Deposit 6-8% Notary

The Development:
On the edge of Paris, only 5 minutes walk from the metro station Hoche, this student residence Le Beaumarchais offers a resale leaseback with yield up to 5.92%. The apartment comprises a main living room with kitchenette, a bedroom, bathroom and wc. It is ideal for students and young professionals as close to the Institut Superieur de Peinture Decorative de Paris, and Institut Prive d’Enseignement Osteopathique, the Parc de la Villette and all amenities: shops, shopping mall. It shows a contemporary architecture with horizontal lines played with wood, stone and glass. It also features secure access VIGIK pass, guardians, elevator, laundry, telephones, Internet and telephone.

The Location:
Pantin is a commune located in the city’s northeastern suburbs, in between Bobigny and the 19th district of Paris. Paris centre is accessible within 15 minutes by public transport. The 19th district hosts several of the most pleasant parks in Paris, and is one of the most lively districts. The Parc des Buttes-Chaumont is a must-see place in Paris. It has valleys, waterfalls, a lake and even a mountain from where you can see the Eiffel Tower, the Sacre Coeur and all Paris. On the South-west of this park, high buildings hide a hard-to-find hill: the Butte Bergeyre from where again, you have a large view on Paris, including a small vineyard at your feet. Going North, you will leave Belleville for La Villette. The Canal de l'Ourcq crosses the district till the Parc de la Villette which offers attractions for children, the Cite des Sciences with exhibitions and the cite de la Musique dedicated to music. It has all the amenities one need.

Management Company:
The management company Suit'etudes, exclusively managing this residence, has 10 years of experience in the construction and operation of student residences, students or young professionals. Suit'etudes residences are designed to offer user friendly and functional apartments with furnished and equipped offering, living space, kitchen and separate bathroom.

Investment Scheme:
The property will be managed by a well-known management company.
9-year lease contract (on-going since October 2005)
Rental income paid quarterly
Yield of 5.92% guaranteed cash
No occupation.

Financing:
Cash purchase only.

Access:
Ivry sur Seine is a commune in the Seine Saint Denis department, north east of Paris.

By air: Roissy Airport is 20 minutes away and Orly, 25 minutes away. They are both accessible by public transportation.

By train: Gare de l’est is only 8 minutes away, and Gare du Nord with Eurostar trains arrival is 10 minutes away from the residence.

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