| Bedrooms | Habitable | Land Size |
| 4 | ? | 5002m2 |
This Property is For Sale by FGP CEV
cote d'azur gorgeous villaReference: bc juan les pins - 4 Bedroom Villa - €260,000 (260.000€downpayment plus 2.500€ life annuity )Location: Antibes, antibes 
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€260,000 is approximately : Australian Dollars : $444,070 British Pounds : £217,259 Canadian Dollars : $402,672 Hongkong Dollars : $2,993,869 Japanese Yen : ¥41,706,538 New Zealand Dollars : $544,765 Swiss Francs : F419,396 US Dollars : $383,362
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.
For Sale
€260,000 
This Property is For Sale by FGP CEV More Images
magnificent villa "La Recampado" occupied by owner gentleman 84 years old 2 full flats totally independent and having same surface and details meaning for each of two flats entrance hall kitchen fully fitted living room 2 bedrooms one bathroom independent wc garage atelier launderette space cellar 500 m2 outside surface life annuity sale on following financial scheme downpayment 260.000 € plus life annuity 2.500€ monthly in case owner abandons occupancy right then further increase on life annuity by 600€ monthly person in charge madame brigitte choteau SOME INFORMATION ON THIS FINANCIAL SCHEME 1 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 THEY WILL RECEIVE AN INCOME INDEXED TO COST OF LIVING FOR THE REST OF THEIR LIVES 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 SELLER REMAINS LIVING IN THE 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 2 WHAT ARE THE ADVANTAGES FOR A BUYER ON LIFE ANNUITY PURCHASE? PROPERTY IS SOLD AT A LOWER PRICE DOWNPAYMENT 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 TAX ON UNTIL SUCH TIME AS THE PROPERTY REVERTS 3 ON WHAT BASIS IS LIFE ANNUITY CALCULATED? UPON SIGNING THE TRANSFER OF PROPERTY AND BILL OF SALE THE BUYER IS REQUIRED TO EFFECT THE INITIAL DOWNPAYMENT. 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 THE SELLER LIFE ANNUITY IS LINKED TO CONSUMERS PRICE INDEX AND UPDATED ONCE A YEAR
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