BC MANDELIEU

Reference: BC MANDELIEU - 1 Bedroom Apartment - €65,600 (LIFE ANNUITY SALE PURCHASE PRICE 65600 EUROS AND LIFE ANNIUTY MONTHLY PAYMENTS 774 EUROS PER MONTH)
Location: Mandelieu-la-Napoule, MANDELIEU

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€65,600 is approximately :

Australian Dollars : $107,234

British Pounds : £59,091

Canadian Dollars : $104,225

Hongkong Dollars : $754,593

Japanese Yen : ¥8,656,238

New Zealand Dollars : $134,904

Swiss Francs : F99,225

US Dollars : $97,442

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

€65,600

Bedrooms	Habitable	Land Size
1	?	?

1 Bedroom Apartment - €65,600 (LIFE ANNUITY SALE PURCHASE PRICE 65600 EUROS AND LIFE ANNIUTY MONTHLY PAYMENTS 774 EUROS PER MONTH) - Location: Mandelieu-la-Napoule, MANDELIEU

Provence-Alpes-Côte d'Azur, Alpes-Maritimes, Mandelieu-la-Napoule

This Property is For Sale by FGP CEV
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Highlights

MANDELIEU PEARL OF THE COTE D AZUR
BUY YOURSELF A WONDERFUL FLAT IN ONE OF THE MOST EXCLUSIVE RESORTS OF COTE D AZUR
ON A COMFORTABLE FINANCIAL LIFE ANNUITY SCHEME
OCCUPIED ONLY TEN YEARS AND NOT LIFELONG

Description

this comfortable financial scheme will enable you to become owner of a wonderful flat in Mandelieu

occupied only ten years after date of transfer of title by lady seller 77 years old

flat on 3rd floor: entrance hall - living room with alcova - kitchen - bedroom - balcony - bathroom - wc
cellar cave
purchase price 65.600 euros and life annuity monthly payment of 774 euros per month

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 avoding risks associated with traditional investment 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 their life or for a more limited period
the sellers may relinquich occupation at any time in whcih case life anuity is increased by a further supplement

WHAT ARE THE ADVANTAGES FOR A BUYER ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price 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

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of property the Buyer is required to pay the purchase price
the life annuities are then paid at the end of each month directly by transfer into sellers bank account until sellers death

the life annuity is calculated on the following criteria:-

value of the property purchased
amount of purchase price
life expectancy of seller

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

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Features

Bedrooms: 1
Beach
Balcony

Condition and Utility Information

Condition - New

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