French leaseback investment property in France for sale

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Chatou, Yvelines, nr Paris

La Closerie Les Arts
Apartments from Ł85000

Ref: LB021A

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A pure investment opportunity - no personal use. This residence, situated in Chatou comprises 36 apartments –studios, 1 and 2 beds. These apartments are fully furnished and equipped to a very high standard. The ground floor apartments have their own garden and the top 4th floor apartments have a large terrace. The Residence also offers a business centre, a reception area, and a laundry.
Studios start at Ł85,000, 1 beds from Ł135,000 and 2 beds from Ł179,000, all net of VAT rebate. A guaranteed rental yield of 5% net on your investment on an 11 year 9 month leaseback management contract is offered.

Chatou is a delightful small town 20 km from the centre of Paris, on the banks of the Seine, close to public transport and shopping facilities. This area is predominantly residential with a good commercial centre, a good range of affordable housing and public transport.
The charm of the Seine in Spring has attracted artists such as Renoir and Mamet even the writer Maupassant to Chatou; Derain and Vlaminck did create the school of Chatou also called the Fauvisme. This artistic culture is still present in this area, as in the “Ile des impressionists” and the “Maison Lavaneur”, in the past a studio of the artists and today a contemporary art museum.