1 Bed Apartment for sale

Mandelieu-la-Napoule, Alpes-Maritimes, Provence-Alpes-Cote d'Azur, France

£126,635

 [€140,160]

Property Details

  • Bedrooms: 1
  • Bathrooms: 1
  • Habitable space: 33 m2

Features

  • Electricity on site
  • Mains Drains
  • Mountain view
  • Private parking
  • Swimming Pool
  • Water on site

Full Description

Are you wondering where to safely invest your hard-earned money during this current, unprecedented era of global financial instability? Investing outside of the banking system and into the bricks and mortar of revenue generating, well managed Real Estate that you own, in your name, is a step in the right direction. Clever fiscal structures such as France's Loi Meublé Non-Professionnel (LMNP) are designed only for Holiday Rental purposes and constitute an attractive investment package, worthy of consideration.

France has consistently been rated the world leader in tourism for years and the Côte d'Azur is the jewel in France's tourism crown. Thus, high quality, well-managed holiday rental complexes on the Côte d'Azur tend to benefit from the high tourism demand that the Côte d'Azur enjoys. Case in point is this attractive holiday apartment complex in Mandelieu, bordering Cannes, and located only one kilometer from the beaches of the Mediterranean coast, the train station and the port. It was completely renovated in 2016 and is now set up as a pure-play investment opportunity that will guarantee you a return on investment of 5% per annum net.

The LMNP investment structure has always been popular with French residents, but it is just as interesting to foreigners who reside in any of the EU countries and who thus benefit from EU-wide tax agreements. Unlike income from traditional rental, income generated within the Loi Meublé Non-Professionnel structure delivers particularly favourable tax treatment because it allows depreciation of the building over 25 years, effectively neutralising rental revenues from a tax perspective.

Six fully managed, 1-bedroom apartments of 33 m2 each are currently for sale within the residence under LMNP. All six are priced at ?140,160 resulting in an effective net return to you of ?7,008 per annum.
This property listing (ref: APITS - 93532RNW06A) is an advertisement supplied by Leggett Immobilier and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

Share with all your friends