studio flat for sale
Paris-Isle of France, Paris, Paris 17
like this property?Call: 03339 395380
- Highly rare new-build leaseback studio in central Paris
- Designed to meet undersupply of high quality business accommodation
- Part of a multi-million regeneration area
- Huge capital appreciation potential
- On-site facilities, spa, gym, shops & hammam
- Hassle-free fully-managed investment properties
- Own from as little as €60,936 plus €165 per month*
- Close to restaurants and transport links
- Studio apartments, delivery Q1 2017
This collection of leaseback business residences have been granted permission as they form an integral part of a huge regeneration project which is transforming the 17th arrondissement, meaning investors have huge potential for capital appreciation.
Not only is Paris home to La Defense, Europe's largest business & financial district, which is located just outside the 17th arrondissement, but the city is also home to a huge range of business orientated facilities.
With over 16 million square metres of office premises within the central districts and a further 50 million square metres in the surrounding areas, the city is now the world's 2nd largest business centre hosting offices of the 500 largest global companies.
These investment properties are superbly positioned to benefit from this huge demand for business tourism residences. It is because of this that they are being designed with the businessperson in mind with 24-hour lobby/reception, gym, spa, hammam all on-site. As part of the area's regeneration, there will also be shops using the ground floor units.
As an investor, what do I receive?
When you invest in a business tourism residence you are buying the freehold title of a property, just like any other.
As an owner, you then entrust the management of the property to the operator of the residence who lets it out on the business tourism accommodation market. You then receive returns net of costs and charges.
Also, as the property is helping the economy with its tourism property shortage, the French government provide an incentive in the form of a 20% VAT rebate on the purchase price of the property.
*Based on apartment price of €171,500 with an 80% LTV mortgage at 3.0% fixed for 20 years and including purchase costs.
Paris has a tourism secret. Whilst it was once again voted as the most visited city in the world with over 32.3 million visits in 2013, the little known fact is that nearly half of the visitors are there for business purposes. As a result, the demand for short-term accommodation continues to rise and with fewer chain and independent hotels available each year, the demand and supply scenario is worsening.
This brand new launch of managed business rental properties located in Paris most sought after regeneration district have been specifically designed to meet the current undersupply of purpose built business tourism accommodation in the city.
More information from this agent
- Paris (Orly) (International), 16.9 miles
- Paris (Charles de Gaulle) (International), 22.8 miles
- Paris (Beauvais) (International), 65.6 miles
*Distances are straight line measurements. This feature is currently in beta.