Irish property buyers who want a property in the South of France which combines extensive personal use with guaranteed rental income now have a unique opportunity to purchase in an exclusive new resort in Cannes, France. Overseasproperties.com has a selection of one, two and three bedroom apartments in ‘Le Petit Lac’ exclusively to the Irish market with prices starting at only €225,557. 

 

‘Le Petit Lac’, which will be completed in June 2008, is within walking distance to marina, has views over the Cannes Mandelieu Golf Course, borders the sandy beaches of Cannes, the Mediterranean sea and is set around a beautiful 2 acre lake. The exclusive resort is only a 20 minute drive from Nice airport.

 

Commenting on the upcoming launch, Graham Ball from Overseasproperties.com, said: “This development in Cannes is an ideal opportunity for the Irish public to make an investment in overseas property. The French property market is very secure and offers the investor the stability and confidence which may not exist in other overseas markets. An added attraction with this investment is that these properties qualify for a French Government backed system called ‘Leaseback’(Residence de Tourisme Scheme). This allows investors to claim back the 19.6% VAT that applies to new investment properties. This property also has a guaranteed, index linked rental income for 11 years (2% for the 6 week period from mid July each year, plus owners receive 60% of rental income generated outside this period, bringing the projected income to 5.4% per annum).

 

‘Le Petit Lac’ is ideal for clients who want the combination of guaranteed rental income with flexible personal use (up to 182 days per year) to enjoy the French lifestyle and the glamour that Cannes has to offer.” said Graham Ball from Overseasproperties.com.

 

The ‘Le Petit Lac’ resort will have swimming pool, a Wellness Centre with spa facilities, tennis courts, sports grounds, petanque, conferencing facilities and a private lake with walkways set amongst the mimosa and eucalyptus trees. It is set adjacent to the oldest golf course in Cannes (10 other courses within a 50 minute drive) and within walking distance to the marina, shops and restaurants and golden sands of the French Riviera, the residence is expected to bring standards to a new level in the capital of the French Riviera.For further information: info@overseasproperties.com

 

 

Starting today, February 19th overseasproperties.com begin an extensive road show of Ireland - all tour dates are available on our exhibitions page: Exhibitions

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