PRICE: EUR €67,000 mortgage info
Estate Agent: Sextant France
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The Development: Les Alberes resort is set in 10 hectares of wooden park and includes a typical Mediterranean 3-star hotel, a spa and fitness centre, villas and cottages. The property is a lovely little cottage, and comprises an entrance hall, a living room with kitchenette, a bedroom, shower room, a wc, private terrace and garden. There is a fully fitted kitchenette and equipped bathroom.
The cottages benefit from a Catalan-style architecture with terraces, warm colors on the facades, painted shutters and tiled roofs. The balneotherapy centre offers traditional cares and techniques of relaxation. The resort includes a restaurant with gastronomic foor, as well as buffets around the pool for lunches. There is also a pool with gym-tonic, and water gym lessons, a football playground, a tennis court, a mini-golf and fitness centre. The Management Company: The property managing this residence is Odalys, which is listed on the French stock market and which has been operating in the tourism industry in France, Corsica, Italy, Spain and Croatia since 1998. It is the 2nd largest company on the vacation market in France with turnover of 142M (2009). Investment scheme: There is a commercial lease of 11 years and 9 months since 2005. In effect, there are just over four years remaining on the lease with Odalys, after which you may sell the property free of capital gains tax, which is a tremenduous incentive to ownership. You may of course continue to allow Odalys to fully manage the property for a hands off and worry free approach Rental income paid quarterly ( 4599 per annum) 6.86% Net rental yield Owners may arrange with Odalys to stay by arrangement. 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, Monika Antoniak.