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Overseas Property News
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New leaseback scheme launched in French Alps
Country: France
3 September 2008
Property developer MGM has launched a new and far more flexible sale-and-leaseback scheme for property investors buying property in the French Alpine region.
MGM’s new ‘Lease with Flexi Option’ permits investors to use their home as much as they want and at more or less anytime of the year. The value of the weeks used is then deducted from the 3% guaranteed rental return on offer from the company.
“Increasingly owners regard their properties in the French Alps as year-round holiday homes, not just somewhere to go for winter sports,” says Nathalie Turchet, MGM’s London-based UK sales manager. “With our improved leaseback schemes they can enjoy the French Alps for longer periods in the spring and autumn months as well.”
The French sale-and-leaseback (propriete allege) property investment vehicle, was introduced by the French Government in the 1980’s.
It allows investors to buy property (often a new-build off-plan apartment) and then lease it back to a management company for a fixed-term of typically 9-11 years. The management company then sub-let the property and in return, guarantee the investor a year-round fixed rental income for the duration of the leaseback agreement.
Under the terms of the scheme, most properties qualify for a 19.6% VAT rebate from the French government.
View property for sale in Rhone-Alps.
Some properties in France
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Price: £15,293
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Type: House
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Bedrooms: 3
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NEW PRICE!!
Total renovation required of this cottage which is ideally situated near to Josselin, in fact it is possible to walk to Josselin from this little hamlet. Also near to the Nantes -Brest canal.
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View details | Enquire further
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Price: £16,098
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Type: Apartment
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Flat leisure land of 10 000 m2 located 500 m of a village with all amenities. No water or connexion to electricity. Ideal for gardenning or leisure for the week-end. Land along a country road with an easy access. Lovely views.
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View details | Enquire further
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Price: £23,342
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Type: House
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Village house to fully renovate with 80 m2 of possible living space and an interior terrace that could be uncovered (plastic roof). Non habitable as it is, electricity and plombing to foresee. The roof needs to be checked . The floors are sound.
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View details | Enquire further
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Price: £25,756
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Type: Apartment
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Flat leisure land of 18 000 m2 located 500 m of a village with alla amenities. No water or connexion to electricity. Ideal for gardening or leisure for the WE. Land along a country road with an easy access. Lovely views. Peaceful location!
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View details | Enquire further
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Price: £28,000
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Type: Apartment
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Bedrooms: 1
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Chateau de la Cazine is situated within the heart of the French Lake District of Limousin. The Chateau has undergone a massive refurbishment and is opening in April 2012.
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View details | Enquire further
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Price: £28,171
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Type: House
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In a hamlet at 5 minutes from Lamalou les Bains, stone house to renovate with possibility to make 90 m2 of living space on a plot of about 100 m2.
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Price: £28,332
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Type: Apartment
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Flat leisure land of 20.135 m2 located 500 m of a village with alla amenities. No water or connexion to electricity. Ideal for gardening or leisure for the WE. Land with an L shape along a country road with an easy access. Lovely views.
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View details | Enquire further
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Price: £30,586
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Type: House
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Bedrooms: 1
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This town house is ideally situated in a quiet residential street, only 2 minutes walk from the town centre. The dwelling of -47 m2 h.s.a., comprises 1 bedroom, bathroom, living room with kitchenette, storeroom and shower room.
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View details | Enquire further
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Price: £32,187
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Type: House
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Village house to renovate completely (roof, floors) with 90 m2 inside space and small terrace of around 6 m2 in front of the first floor entrance, located in an authentic village surrounded by lovely nature.
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Prices from: €156,000 Bedrooms: 1, 2, 3, 4 Cohennoz: Great year round location. Mountain lifestyle, easy access to one of the best Alpine skiing areas.
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Price: €795,000 3 Beds. 1 bath, 1 shower Exquisitely restored. 13 ha of private grounds. Sweeping lawns edged by woodland. Children’s play area, heated pool.
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Prices from: €232,000 Bedrooms: 2, 3 & 4 Apartments & townhouses on Severiano Ballesteros designed Pont Royal Golf Course between Aix-en-Provence & Avignon.
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