Apartment in Lyon

Reference: LLFP0483 - Apartment - €82,418
Location: Rhône, Lyon

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€82,418 is approximately :

Australian Dollars : $162,034

British Pounds : £71,181

Canadian Dollars : $131,238

Hongkong Dollars : $806,484

Japanese Yen : ¥9,671,121

New Zealand Dollars : $196,016

Swiss Francs : F126,390

US Dollars : $104,238

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

€82,418

Bedrooms	Habitable	Land Size
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Apartment - €82,418 - Location: Rhône, Lyon

Rhône-Alpes, Rhône

This Property is For Sale by Leapfrog Properties

To find out more about this agent or to view more of their properties visit their IFP Microsite

Description

Located in the thriving business district of Lyon, this smart development comprises studios to 2 bedroom apartments from 82,418 Euros HT. This fully managed residence has many facilities and hotel services making it an excellnt spot for short to medium term stays. There is a full VAT refund of 19.6% and guranteed yields of 5%. Lyon is the number 1 place for business start-ups but also has many established companies such as Merial, ADIA and ADECCO. For more details download the PDF brochure. Investment breakdown: NET yield: 5%, Starting Price: 82,418 Euros ex VAT and 98,572 Euros inc VAT + furniture at 6,650 Euros = 105,222 Euros. The amount of deposit required is 20% = 21,044 Euros, then they must add 4% for legal fees (3943 Euros) and 1000 Euros (in this case) for mortgage arrangement & bank setup fees. The total the client will have to lay out therefore is 25,987 Euros. The VAT refunded is 16,154 Euros so after the refund the amount of money tied up in the property is (25,987-16154)= 9,833 Euros.

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Features

Condition and Utility Information

Condition - Needs Restoration

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