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studio flat for sale

€220,500

Paris-Isle of France, Paris, Paris 17

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Call: 03339 395380

Key features:

  • 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

Full description:

Leaseback property investments in central Paris are extremely rare, mainly due to the fact that Parisian hoteliers have a tight grip on the city's short-term rental accommodation market in the city - they don't like the competition.

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

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • 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.

Unit 106
To view this property or request more details, contact
Athena Advisers Ltd, London

45 Holmead Road, London SW6 2JD
03339 395380  Local call rate
About Athena Advisers Ltd, London

Only the best handpicked homes and investment opportunities from around the world...

For over 10 years we have been handpicking second homes and investment opportunities from around the world for both our own clients and those of our partners. We’re constantly expanding and are now proud to offer unbeatable portfolio of properties in locations such as Paris, the French Alps, the Cote d'Azur, London and Lisbon.


Disclaimer

This is a property advertisement provided and maintained by Athena Advisers Ltd, London (reference AthenaParis17thPouchet) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

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Calling from outside the UK? 0044 20 7471 4500

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