Draguignan - Leaseback apartment in Provencal style residence, up to 4.8%

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

• Bedrooms: 2

• Condition - Restored / Habitable

Located a stone’s throw from the town centre of Draguignan and 30 minutes from the beaches, the residence Le Clos des Albizias offers 3 to 4 bedrooms apartment/villas with terraces and garages.

Property Type: Leaseback Villas
Address Draguignan
Accommodation 2 to 3 bedrooms
Price €195K to €310K
Sizes 62 to 87sqm
Deposit 5% to Notary
Delivery date 4Q2011
Yield Up to 4.8%
Sales office Yes

The development:
Located a stone’s throw from the town centre of Draguignan and 30 minutes from the beaches, the residence Le Clos des Albizias offers 3 to 4 bedrooms apartment/villas with gardens, terraces and garages. The design of the residence is inspired from the Provencal traditional architecture and the apartments/villas are in the form of village houses.

The location:
Draguignan is a typical Provencal town, nestled in the hills of the Var. The old town offers plenty of interesting sites and shops to explore, and is the location of the great food market at the Place du Marche. From here the street climbs up a hill and to the 17th century Tour de l’Horloge, set beside the little open air Theatre de Verdure and several olive oil mills. Draguignan is also the site of the dolmen “La Pierre de la Fee”, classed as a historical monument and dating from the Neolithic. It is a lively town, with many arts and culture events throughout the year (plays, exhibitions, cinema screenings, concerts, dance, jazz and wine festivals, singing competitions...).

Activities:
Cycling is a popular sport here and Draguignan was even on the 2009 Tour de France route. There are also several interesting hiking paths worth exploring and facilities for horse riding, swimming, stadiums for athletics, and clubs for martial arts, badminton, bowling, canoe-kayaking, dance, fencing and football.

Local food and gastronomy:
Fresh local produce includes olive oil, honey, tomatoes, peaches, garlic and herbs, fish, mussels, wild boar, truffles. Daube de Sanglier (wild boar) a la Provencale is a traditional autumn stew and fish dishes are also popular- bouillabaisse (fish stew), or escabeche (fish marinated in citrus juice). Provencal wines include full-bodied reds and roses from around Bando.

The management company:
The management company strategy, based on the leasing of tourism and business residences ideally located by the sea, close to touristic sites or in city centres, has been managed successfully since 2001.

Financing:
We have our own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, we can get the right mortgage for you.

The investment scheme:
Your property will be managed by a business management specialist.
Rents are guaranteed by 11 year commercial lease (renewable).
The buyer will get 19.6% VAT cash back
Guarantee of rental income
2 options: lease with occupation or pure investment

Access:
Draguignan is 1 hour from Nice, and 50 min from Cannes.

By car: A8 La Provencale, exit 36 for Muy, then D1 555, direction Draguignan.

By train: TGV station Arcs-Draguignan is 12 km away. Frejus is 30 km away and Saint Tropez is 35 km.

By plane: The residence is 80 km from Nice-Cote d’Azur International Airport with low cost flights to the UK and the rest of Europe and from Toulon-Hyeres Airport which also has low costs flights to the UK and Europe.

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