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Le parc des Dryades

New-development, Off Plan Investments

Apartment

Gestel, Brittany, France

Price:

Bedrooms:

Bathrooms:

Unit size:

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Description

CLASSIC BUY-TO-LET. Gestel is a mix of town/countryside style village, making it special to live in. The nearest beach is only 10 minutes drive and Lorient is just 15 min away. The residence is a walking distance from shops and amenities.

The residence is divided in 3 buildings, each building comprises of 1 and 2-bedroom apartments. Each apartment benefits from a terrace or a balcony, an allocated parking space and cellar included in the price. The entrance is secured by an electronic gate. We work closely with a local rental agency and achieve 98% occupancy.
Expected average rental per month is 380 Euros for a 1 bed appartment

Location

Gestel

Investor View

France is set to boom, with a new president actively pushing the property market. Brittany has always been an obvious choice for British property owners being so near the south coast of England. The coast is amazing. Excellent rental potential.

Investment return projection

An excellent classic buy-to-let in booming Brittany. The capital appreciation will be phenomenal.

Property features / Development facilities

Private Parking
Balcony
cellar

Payment terms / Estimated completion

-On signing the deeds 5%
-Clearing, levelling 5%
-Laying of foundations 15%
-Completions of foundations 10%
-Walls 30%
-Roofing 5%
-Completion of the walls 15%
-Delivery 15%
Payment terms may vary.

Estimated completion: 2nd semester 2009
Bank guarantee / construction guarantee: Yes
Building license: Yes

Total units & property prices

Number of Units:

1 bedroom Apartment: 98,200€ - 108,800€
2 bedroom Apartment: 147,000€ - 160,000€

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22nd November 2008