PP BARZAN


Reference: PP BARZAN - 1 Bedroom House - €60,000 (LIFE ANNUITY SALE PURCHASE PRICE 60000 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 600 EUROS )
Location: Rochefort, BARZAN

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€60,000 is approximately :

Australian Dollars : $97,347
British Pounds : £54,161
Canadian Dollars : $95,305
Hongkong Dollars : $696,440
Japanese Yen : ¥7,986,532
New Zealand Dollars : $123,039
Swiss Francs : F90,680
US Dollars : $89,866

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

€60,000
BedroomsHabitableLand Size
170m2750m2
1 Bedroom House - €60,000 (LIFE ANNUITY SALE PURCHASE PRICE 60000 EUROS AND LIFE ANNUITY MONTHLY PAYMENTS 600 EUROS ) - Location: Rochefort, BARZAN
Poitou-Charentes, Charente-Maritime, Rochefort


Highlights

  • VERY RARE FREE AND VACANT LIFE ANNUITY SALE
  • BUY YOURSELF A FREE HOUSE IN CHARENTE MARITIME BY A COMFORTABLE ANNIUTY SCHEME
  • YOUR RENTALS WILL COVER YUOR ANNUITY PAYMENTS

Description

invest in Charente Maritime
with this comfortable free and vacant life annuity scheme you can buy a house with a small purchase price and your annuity commitments to sellers will be covered by rentals

house 70m2 composed of:-
living room - loggia - kitchen - on ebedroom - one veranda - two shower rooms - one wc -
two garages
750 m2 own land with trees which include the house surface

market value of the house is 160.000 euros


purchase price: 60.000 euros
life annuity monthly payment to sellers 600 euros per month

sellers are gentleman 75 years old and lady 72 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
they 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 like in this case (very rare) or occupied ( most commonly)

WHAT ARE THE ADVANTAGES FOR BUYERS 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 scuh time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of title of property the buyer pays the purchase price
thence life annuity payments are effected end month on sellers bank account by swift
life annuity is calculated on the basis of the following criteria:-

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


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Features

  • Bedrooms: 1
  • Habitable Space: 70 m2
  • Land Size: 750 m2

Condition and Utility Information

  • Condition - New

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