New Leaseback Investment from Pierre & Vacances in Western France
By PropertyMagnate • Sep 8th, 2008 • Category: France, Lead Story, Miscellaneous
Summer 2008 saw Pierre & Vacances - Europe’s leading leaseback developer and management company - launch the CITEA Residence in Poitiers business district. Positioned as a city leaseback investment opportunity the five-storey building comprising of 127 apartments will return 4.2%, index-linked for 9 years, to those investors who choose to purchase property at the residence.
Located close to the city’s major shopping areas and just 200m from the Poitiers TGV station, the CITEA Residence has the makings of a solid investment opportunity. Studio apartments start at 89,000 euros. One-bed apartments start at 150,000 euros. Interiors are contemporary with fully equipped kitchens and adjustable air conditioning. The complex also boasts an indoor swimming pool.
As part of the French leaseback scheme VAT on the investment is rebated to the purchaser. The CITEA Residence is scheduled for completion in April 2010.
For further information on the Poitou-Charentes Leaseback properties visit www.propertymagnate.com
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