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PP VAUX SUR MER


Reference: PP VAUX SUR MER - 4 Bedroom House - €86,200 (LIFE ANNUITY SALE PURCHASE PRICE 86200 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 1000 EUROS/MONTH)
Location: Royan, VAUX SUR MER

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€86,200 is approximately :

Australian Dollars : $140,908
British Pounds : £77,646
Canadian Dollars : $136,954
Hongkong Dollars : $991,553
Japanese Yen : ¥11,374,508
New Zealand Dollars : $177,268
Swiss Francs : F130,384
US Dollars : $128,041

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

€86,200
BedroomsHabitableLand Size
4160m2700m2
4 Bedroom House - €86,200 (LIFE ANNUITY SALE PURCHASE PRICE 86200 EUROS PLUS LIFE ANNUITY MONTHLY PAYMENTS 1000 EUROS/MONTH) - Location: Royan, VAUX SUR MER
Poitou-Charentes, Charente-Maritime, Royan


Highlights

  • YOUR DREAM HOUSE ON THE ATLANTIC SEA
  • JUST 2 KM FAR FROM THE TOP EXCLUSIVE ROYAN

Description

buy yourself a house by the sea on a comfortable life annuity scheme just 2 km from the most exclusive seaside resort of the Atlantic coast, Royan, the new place to be for french sea sports and LIFESTYLE

on a pleasant wide garden with trees and within own closed space 700m2

a house of 160m2 at 350 metres walk from the beach on two levels: FIRST first level main house: entrance hall - wide living room with cheminée - fully furbished kitchen open on the dining room - two bedrooms - one further library/boudoir room - wc - bathroom
second level : entrance hall - one bedroom - livingroom with american kitchen - showeroom -
cellar cave - outbuildings - garage - swimming pool 4 x 9m2

purchase price: 86.200 euros plus life annuity monthly payments of 1.000 euros per month
occupied lifelong by sellers gentleman 88 years old and lady 83 years old

PROPERTY PURCHASE 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
the will receive an income indexed to cost of living for the rest of their lives avoiding risks associated with traditional investment scheme
the sale against life annuity can be either "vacant" (rare) or "occupied" (most commonly)
in the latter case sellers remain living in their house for the rest of their lives or for a more limited period
the sellers may relinquish occupation at any time in which case life annuity is increased by a further supplement

WHAT ARE THE ADVANTAGES FOR BUYERS ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price required 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 atx on until such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing transfer of title the buyer is required to pay the purchase price
thence life annuity is paid at the end of each month on sellers bank account by swift
life annuity is calculated on the basis of following criteria:-

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

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



Send an enquiry to the vendor to view more information about this property.

Once your enquiry has been sent the vendor will reply as soon as possible.

Features

  • Bedrooms: 4
  • Habitable Space: 160 m2
  • Land Size: 700 m2
  • Beach
  • Outbuildings
  • Swimming pool

Condition and Utility Information

  • Condition - New

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