Leaseback properties in Languedoc-Roussillon

 

Completion : First Phase June 05 - Second Phase June 06

 

 

 

 

 

 

GALLARGUES LE MONTUEUX -
Between Montpellier and Nimes


This new development is located between Montpellier (20 km) and Nîmes (15 km) in the heart of the Camargue.

The Camargue is a unique region in Europe, which offers sunny, temperate weather all year long, thanks to its micro-climate.

It is also the ideal location to enjoy horse-riding, outdoor activities and various visits in a fascinating natural and historical environment. The Golf amateurs will find an eighteen-hole golf course located 15 km away to the development.

Both Montpellier and Nimes are twenty minutes away and both have international airports.

Montpellier is the capital of Languedoc-Roussillon and a typical Mediterranean town, where the pace of life is unhurried and the quality of life is superb. The old and the new mix happily here, with historic buildings sitting side-by-side with the latest in modern architecture.

If you want to have further information on Montpellier please visit this website http://www.ot-montpellier.fr/index_en.php.

Nimes is well-known for its history and culture, notably its Arenes and Roman monuments.

                                   

 

 

 

How to get there:

 

Nimes International Airport: 17 km to Gallargues

Montpellier International Airport: 20 km to Galllargues

Carcassone: 175 km

Toulouse: 265 km

 

 

 

 

 

 

 

 

 

 

 

 

 

Information about the development

 

 

 

The development is designed to look like a small village which will integrate into the historical village of Gallargues. There are 196 apartments built in 49 small villas on an 85,000 sq m domain. There are four apartments in a villa, the properties are decorated in a regional style. Also there are large wardrobes in every apartment; the kitchens are fully fitted with microwaves, dish-washers, fridges and hobs.

 

Services provided

The development will offer a number of services:

- A swimming pool, part covered - part uncovered

- A children’s play area

- A gym centre.

 

The properties

                                       
The price ranges are from €89,820 to €111,467 VAT included. There are two type of properties available under the leaseback scheme:

 

- 35 sq m apartment on two levels with one double bedroom and one single bedroom and a 50 sq m garden (€89,820  VAT included)

- 45 sq m apartment on two levels with two double bedrooms and a 50 sq m garden (€111,467 VAT included).

 

Some larger apartments are also available on a buy-to-let scheme (3 or 4 bedroom villa, living area 95sq m, price from €221,260 with same type of construction that the leaseback properties).

 

 

The Property Management Company in charge:

IMOTEL

http://www.imotel.com/



Lease Term and rental yield:
9 Years

5.5% guaranteed rental income

 

The time scale payment is the following one:

5% - Deposit to the notary (it will be a money transfer unless you have a bank account in France already)

20% -When works start – few months after you signed the booking contract 

10% - When the foundations are completed

20% - At the completion of the Ground floor

15% - At the completion of the higher level

10% - When exterior fittings complete

10% - When interior walls are complete 

5% - A month before the completion when work is complete 

5% - Upon delivery 

         

Please note that the availabilities change quickly so it is always better if you reserve a flat to make a first and a second choice. 

 

 

Lease contract

 

The properties are sold with a lease contract of a minimum of 9 years. The purchasers  have preferential tariffs of 20% on the rent if they want to use a property within the development. The personal use is up to six weeks per year.

 

Availibilities:

Please find attached the document with the availabilities