Upper Normandy

An investment property with a gross annual income of 4952.72 and a 5.50 % return in Rouen

PRICE: EUR €90,000

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Estate Agent: Sextant France
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An investment property within a student residence with an annual income of 4952.72 and a 5.50 % return in Rouen. The Les Lauréades residence is ideally situated in the heart of the Pasteur neighbourhood, close to public transport and the faculty of Law and Economic Sciences.

Property features:
House
An investment property with a gross annual income of 4952.72 and a 5.50 % return in Rouen
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Property Details:

The residence has many attractive features, including a covered parking space, access to two roads, a laundry area, and a free and unlimited internet connection This is studio style apartment situated on the sixth floor, comprising a living room with a kitchenette, a bathroom and a wardrobe. The apartment is sold furnished. With this property, you can invest without the issues that come with renting. Rental income guaranteed regardless of the residence occupancy rate. Invest and guaranteed yourself a tax-free income source, thanks to the LMNP (non-professional furnished renter) tax status. The LMNP (Non-professional Furnished Renter) is a tax law which allows an individual to establish property assets which guarantee constant revenue, under extremely favourable legal and tax conditions. Thanks to the LMNP, you can rent a house or apartment situated within a service' residence (such as a residence for tourists, business people, students or the elderly) with the guarantee that your future income stream from it will not be taxable. As well as allowing you to establish property assets, the LMNP allows you to establish a personal retirement fund, or a family emergency fund, since in the event of death or disfigurement, the mortgage insurance provider will reimburse your current loans, allowing your loved ones to benefit directly from the revenues coming from this property. Fully compliant with the legal statute on condominiums. Annual condominium charges (average annual sum share of the seller's provisional budget): 388 Fully compliant with the legal statute on condominiums. Lot No.: 0 Annual condominium charges (average annual sum share of the seller's provisional budget): 388.00 Click the blue MAKE ENQUIRY button and enter your details to receive more information about this property and to be put in touch directly with our local agent, Patrick Lalandre.

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