Life Annuity Apartment for Sale in Boulogne-Billancourt

Property Description

Occupied life annuity in Boulogne-Billancourt – Buy a property valued at €740,000 with an initial cash payment of €230,500 and a monthly annuity of €1,384, with a discount of nearly 40 %

A patrimoine opportunity in one of the most sought-after communes in the inner Paris suburbs: an apartment acquired with a limited initial contribution, without a bank loan.

The property: T3/4 of 87 m², 1st floor of a 1963 residence — 4 rooms including 2 bedrooms, independent equipped kitchen, bathroom, terrace, cellar. Outdoor parking space included, sold in addition to the price.

Occupation: occupied life annuity on a single head (a 77-year-old lady)
Freehold value of the property: €740,000
Bouquet (agency fees included): only €230,500
Monthly annuity: €1,384 (indexed)
Total cost for the buyer, including fees: €452,880, i.e. a discount of €287,120 — 39% below free market value
Co-ownership charges: €347 / month
Property tax: €1,093 / year — a moderate amount
Taxation: reduced taxes — notary fees calculated on occupied value, reduced IFI, etc.
Financing and management: no bank loan needed, fixed schedule from signing,
No management or rental management fees to be borne during the entire occupation period

Full file and viewing on request.

Bouquet €230,500. Fees included of 7.5% including VAT borne by the buyer. Bouquet excluding fees €175,000. In a co-ownership of 200 lots. No procedures in progress. Energy class D, Climate class D Estimated annual energy expenses for standard use: between €1,330.00 and €1,850.00 for years 2021, 2022 and 2023 (including subscriptions).

Your MYFACTOTUM advisor: Viager Expert – Eric SALLES.
MyFactotum SAS with share capital of €1,500 Registered with the Paris Trade and Companies Register under number -APE 6831Z Located at 128 rue La Boétie 75008 Paris