Paris Saint Mandé - Occupied Life Annuity (Viager)

Property Description

T2 SAINT-MANDÉ / BOIS DE VINCENNES — 47% DISCOUNT ON PROPERTY VALUE | OCCUPIED FOR LIFE
Free value €362,000? occupied value €192,222.

A renovated T2 of 42.37 m² at the gates of Paris, a few meters from the Bois de Vincennes, near metro lines 1 and 8.

What you pay:

At signing: €89,950 agency fees included
Then 779.23 €/month for life, until release of the property

Our opinion:

The seller finances part of the price: part of the price is funded by the lifetime annuity, with no bank loan and no interest on this portion.
Zero rental tax, zero management, zero risk of rent non-payment.
Saint-Mandé, premium and resilient market among the most expensive in Val-de-Marne. Retained free value (~8,545 €/m²) consistent with the market.

The property: 5th floor with elevator, renovated, bright living room, bedroom, cellar. Very liquid typology in the long term.

Occupied life annuity by a 72-year-old man (statistical horizon ~15 years). Comprehensive file available on request.

Listing drafted under the responsibility of Eric Salles, EI real estate agent, Paris CCI n° ADC 004 603 – SAS MyFactotum. Buyer’s fees: €24,950. Property tax: €1,100.

Bouquet €89,950. Buyer’s fees including 7.5% incl. tax. Bouquet excluding fees €62,800. In a condominium of 20 lots. No ongoing proceedings. Property with excessive energy consumption: Energy class G, Climate class F Estimated annual energy expenses for standard use: between 1,659.00 € and 2,245.00 € for the years 2021, 2022 and 2023 (including subscriptions).

Your MYFACTOTUM advisor: Life anager Expert - Eric SALLES.
MyFactotum SAS with share capital of 1,500€ Registered in Paris RCS under number -APE 6831Z Located at 128 rue la Boétie 75008 Paris