Coup de Coeur on Rue Charlot
Charming Courtyard on Rue Charlot
(FOR SUBSCRIBERS ONLY)
February 14, 2008
Bonjour French Property Insider Subscriber,
"As Valentine’s Day approaches, a place in the lovers’ city sounds romantic. But buyers need to use their heads as well as their hearts," says Zoe Dare Hall. Zoe contacted me last week with her questions about Paris in particular and I agree wholeheartedly with her sentiments.
You will note when reading real estate ads that often a property will be described as a "Coup de Coeur!" — meaning you’ll have ‘love at first sight.’ That can be both good and bad to the success of your search. Properties with such appeal can have hidden problems your heart is willing to overlook. But in reverse, we don’t believe one should settle on a property just because it’s a sound investment. If your heart isn’t pounding, perhaps you should let it go for something that fits both your head and your heart.
Today we take the opportunity to send our hearts to the heart of the "Haut Marais" where the trendy rue Charlot is getting trendier by the moment. This is where Pascal Fonquernie and many of his friends, such as me, found our true love properties. His "Le Florentin" is just above my "Le Provençal" which is just about our friend Colette Chambon’s "Le Burgundy" which is just above our friend Dale Gaber’s "Mon Petit Château." All are successful rental apartments found at http://www.adrianleeds.com/parlerparis/apartments And if you want to jump on the Charlot band wagon, check today’s Hot Properties for Coups de Coeur on Rue Charlot.
We also take a look at what your money will have bought you in 1997 compared with 2007 and how property in France has more than doubled in value in the last 10 years. Make the comparisons with today’s charts and statistics.
Today I sadly moved out of Le Provençal (the stay has been delightful) to head to Miami for the Living and Investing in France Real Estate Conference this coming weekend (to be delightful!). Next week I’ll be writing you from sunny (hopefully) Florida and reporting on the conference where so many of our seasoned experts will be speaking and working with attendees who want to learn how to invest in France the profitable way.
Editor, French Property Insider
P.S. The topic of property was just one of many of fascinating topics at Tuesday’s Parler Paris Après Midi coffee gatherings. Click here to read all about it: http://www.adrianleeds.com/parlerparis/apresmidi.html and mark your calendar now for next month’s meeting on Tuesday, March 11th.
Volume V, Issue 7, February 14, 2008
In this issue:
* Chic and Stylish Rue Charlot
* Charming Charlot Shops and Le Marais Landmarks
* How Far Does Your Money Go in France?
* Using Your Head and Heart for Paris Property Purchase
* Foreign Currency Exchange Caution
* France Leads in Property Development Policy
* Fractional Ownership Solution – New Property Listing!
* Living and Investing in France Conference, February 16-17, 2008, Miami
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: March 11, 2008
* Hot Property Picks: Charlot Coups de Coeur
* On the Auction Block: February 19, 2008
* Leasebacks: Domaine des Roches Jaunes, France, Brittany / Normandy, Plougasnou
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — L’Aubergine
Rue Chic: Rue Charlot
By Adrian Leeds
One year ago, Elle Magazine declared rue Charlot in the 3rd arrondissement to be the "Nouvelle Vague"… host to a new generation of trendy boutiques and designers. Everyone believed them. New boutiques install themselves on what seems like a daily basis — so quickly it would make your head spin. I just can’t keep up. And I can’t afford the fab fashion.
In a New York Times article by Aric Chen of January 2, 2005 titled "PARIS: A Shopping Mecca in the Marais," he was ahead of Elle noting, "However, at the northern frontier of thi
s well-trodden territory
[Le Marais] is the Rue Charlot, a chicly shabby street that has begun to acquire a certain following. Named for a 17th-century financier, the Rue Charlot runs about three long blocks between the Rue des Quatre Fils, near the Musée Picasso, and the Place de la République. With one-person-wide asphalt sidewalks, and a fair share of graffiti, it feels a shade or two grayer than your average Parisian street. What it lacks in conventional charm, however, it makes up for with a secluded, fringy atmosphere that attracts those in the know."
Along with becoming one of Paris’ chicest shopping streets, properties along rue Charlot and adjacent streets like rue de Picardie, rue Poitou, rue de Saintonge, rue Vieille du Temple and of course, the main artery of the "Haut Marais," rue de Bretagne, are following suit. While the boutiques and art galleries are designed to attract the Avant Garde, anyone owning property in the district is smiling broadly from having made such a good investment. Those who want to own are having a hard time finding good properties and there are fewer and fewer bargains to be had.
Webmaster, of Parismarais.com, Le Marais’ official unofficial guide to the district, Pascal Fonquernie, owns three properties himself at #43-45, "Le Medieval" (http://www.adrianleeds.com/parlerparis/apartments/rentals/medieval.html), "Le Florentin" (http://www.adrianleeds.com/parlerparis/apartments/rentals/florentin.html) and his own personal apartment. This is the same building that houses "Le Provençal" (http://www.adrianleeds.com/parlerparis/apartments/rentals/provencal.html) and "Mon Petit Château" (http://www.adrianleeds.com/parlerparis/apartments/rentals/chateau.html). French designer Gaspard Yurkievich, who fast became the designer of choice "by fashion forward young men and women who like wearing street and urban clothes with a Parisian touch," has the commercial space on the "rez de chaussée" (street level). Other designers who have adopted rue Charlot include Emilie Casiez (http://www.emiliecasiez.com/) at number 57, Vincent Jalbert and Yves Andrieux at number 55, Pauline Pin (http://www.paulinepin.com) at number 51, Cindy Glass (http://www.cindyglass.net at number 47 and Dominique Picquier (http://www.dominiquepicquier.com) at number 10.
In the last year, many readers, friends of clients of French Property Insider have scored properties in the immediate district, almost all of which are destined to become short term apartment rentals. We’ve seen the values increasing quickly, to at least 10,000 euros per square meter. If the district gets any trendier, it will become as expensive as Saint-Germain-des-Prés, areas around the Eiffel Tower and the Ile Saint-Louis. No question, now is the time to buy here, as there is no way to go but up, up, up.
Rue Charlot and Beyond…
By Pascal Fonquernie
Rue Charlot, rue de Poitou and rue de Bretagne are becoming more and more popular in le Marais due partly to the renovation of numerous historical buildings such as the Hôtel de Retz, its art galleries and showrooms, and the 17th century Hôtel de Sauroy, built by Mr. Charlot himself. He was, in the 1650’s, what we would now call a real estate agent and architect.
Some people say rue Charlot is the chicest street in le Marais. There are many stylish streets in this neighborhood, but rue Charlot does have a great mix of shopping, good restaurants, art galleries and many historic places. Here’s a tour of this popular street and area.
Starting at the southern end, begin with a visit to the Picasso Museum, just a short walk down rue du Perche. If you enjoy classical music, take a seat at the Armenian Cathedral, a masterpiece of baroque art with its wonderful paintings and stained-glass windows. You can listen to terrific classical concerts every weekend for a mere 10€.
Further up the street, find out everything about Marie Antoinette’s style at Le Boudoir et Sa Philosophie, number 18, a trip back to the 18th century. You’ll also want to visit the creative frame maker Eugénie Seigneur, next door.
Across the street at number 27, don’t miss Anders’ Hus Scandinavian gallery…be sure to wander downstairs to uncover the hidden treasures. Near rue de Bretagne, make a stop at “A chacun son image” where photographer Fabien Breuvart has opened his old style photo studio. He takes romantic portraits that make the perfect Paris souvenir.
Though rue Charlot is probably the most up and coming street in the neighborhood, you’ll want to visit all the nearby streets, starting with the main one, rue de Bretagne. At number 55, you’ll discover one of the best restaurants in the north Marais, « Les chineurs » – which means antiques hunters – serving upscale gastronomy at brasserie prices. Back on rue Charlot, stop at number 53, the remarkable Gallery Anne Vignial, specializing in 20th century arts and crafts.
You’ll also want to stroll along rue de Poitou…and you may even choose to stay at the Hotel du Petit Moulin, 29/32 rue de Poitou, designed
by Christian Lacroix. On rue Debeyleme, get some fresh organic food at Bio Moi, or dine at Le Pamphlet, a famous gastronomic restaurant recommended worldwide, with meals for less than 35€.
Next to Innamoratti a great Italian restaurant, turn right on rue du Forez, then rue de Picardie where you’ll find many small design shops. Try Les Don Juan, another great option for lunch.
Visit Kakeboton, Les Comptoirs de Carthage, Egoismes, Jenny du Marais, 8 rue Dupetit-Thouars and the many shops around the rue Dupetit Thouars.
After all that shopping and a great meal, you’ll enjoy a rest on the grass of Temple Square, just facing the local city hall.
You can spend hours visiting the tiny, creative shops that are such a big part of the imaginative atmosphere of le Marais – here we’ve listed the ones we recommend. If you discover any great places we haven’t included, write to us and we’ll report on it as well!
Discover more pictures and check local maps on www.parismarais.com/rue-charlot.htm
What Does Your Money Buy You in France?
By Adrian Leeds
In 1997, 150,000 euros would have bought you a 4-room apartment in Roquebrune-Cap-Martin on the Côte d’Azur. Today that budget will buy you 4 rooms in Marseille. In Paris, it will buy you a "studette" and little more.
Add 100,000 euros to your budget (250,000 euros) and you can buy a 2-room apartment in the 15th district of Paris, but 10 years ago, it would have afforded you a 4-room apartment in chick Villefranche-sur-Mer!
Add another 100,000 euros to the pot (350,000 euros) and it takes you a bit further…a 5-room house in Toulon, but before prices started to take off at the low in 1997, that 5-room house could have been in Cannes.
Now, double your budget to 750,000 and see what it buys you. In 1997 you would have been sitting pretty in Antibes in a 7-room house, but in today’s market, you’re lucky to find 3 rooms in Saint Tropez.
Property prices in 1997 were at an all time low in France, but have been on a steady increase ever since, more than doubling in that time, just now starting to level…a bit. Meanwhile, the euro has continued to gain strength, making property even more valuable in terms of other currencies, such as the U.S. Dollar, today at $1.46 per €1 and the British Sterling at £0.74 per €1.
All this means that if you were perceptive enough to purchase property in years past, your asset would have greatly increased in value, but still, there is no better time to diversify your assets by owning property in France.
Paris Property: Follow Your Heart, Use Your Head
By Zoe Dare Hall
Photo by Erica Simone
As Valentine’s Day approaches, a place in the lovers’ city sounds romantic. But buyers need to use their heads as well as their hearts, says Zoe Dare Hall
For romantics, Paris has long been the destination par excellence, a place to whisk your loved one away to for Valentine’s Day and fantasize about a little pied-à-terre overlooking the Seine or a quiet Montmartre courtyard.
French president Nicolas Sarkozy and his new bride, model Carla Bruni, are doing their best to keep passion in the city’s image, with high profile canoodling in cafes and arm-in-arm walks along the boulevards.
Its timeless appeal no doubt owes something to the near impossibility of new development so that, physically, Paris scarcely changes. Properties are fairly homogeneous across the quartiers, with elegant 19th-century Haussmann buildings converted into apartments of varying sizes and degrees of faded grandeur and quirkiness.
Areas that were desirable a decade ago are still sought after. The Left Bank’s sixth arrondissement always tops the list, and the property price league, with average values of €9,144 per square metre (£6,875).
Here you are within a short stroll of the Boulevard St Germain’s famous cafes and restaurants, the Luxembourg Gardens and heart-stopping views from the Pont Neuf or Pont des Arts.
The neighboring and slightly edgier fifth is equally popular, with atmospheric back streets, Rue Mouffetard’s outdoor market, the Sorbonne and the grand neo-classical Pantheon church.
The trendy fourth, the Marais, on the Right bank, meanwhile, has buzzing bars, galleries and design shops. A light-filled one-bed apartment is selling here for £285,000 (Property portal, www.prestigeproperty.co.uk).
The Marais is also home to grandiose squares such as Place des Vosges, the oldest in Paris, frame
d by uniform
red brick, slate roofed townhouses, and the almost improbably beautiful Ile St Louis, with its quaint village feel in the heart of the city. Here, Knight Frank is selling refurbished lofts with river views from £370,000.
And for the utmost elegance, the embassy-filled seventh near the Eiffel Tower, and the upmarket 16th, which includes the Champs Elysees and Arc de Triomphe, are the best addresses.
But canny buyers make decisions with their heads as well as hearts. The city has always been tempting for those who have rental returns and capital growth in mind. Yet in the wake of a French subprime crisis last autumn, with the effects yet to fully show, flathunters must now more than ever choose their area wisely.
All the prime central areas saw values rise around 12.5 per cent last year and, over the past seven years, property prices in Paris have soared consistently, with central properties costing an average of £5,000 a square metre, rising to £13,000 around the Champs Elysees.
These streets are popular with Russian and Middle Eastern buyers, but generally, local demand is so great that Parisian agents have no need to look for foreign investors, according to Frederic Chamouret from London-based French property agent VEF.
For the best views, you will pay through the nose for something that, to British eyes, is likely to be tiny (attic rooms of 20 sq m, or less) and in need of considerable repair.
If you want more space for your money, property finder Adrian Leeds (http://www.adrianleeds.com, 00 331 402 79759) recommends the up-and-coming areas of the 2nd and 10th districts.
"These are good low-risk areas. The second is very central but still more affordable because of St Denis, the red light district. But that’s changing, the gay community has moved in and are gentrifying it.
"There is major renovation taking place around Les Halles, too, and there are lots of interesting properties such as lofts and old factories with big spaces and big windows," says Adrian
"The 10th district is a similar situation, with the sketchy areas around the Gare de L’Est and Gare du Nord starting to change and good potential around Canal St Martin"…
To read the entire article, visit http://www.telegraph.co.uk/property
Buying Abroad? Don’t Let the Banks Cash In!
If you are looking to purchase a property abroad in 2008, you are probably well aware of the current volatility with the exchange rate. However, this should not deter you from your dream home. If you are an investor you are probably well aware of the need to protect your "cash" and to "negotiate the property price," however, if you are just buying for yourself, you may not be quite as aux fait.
In essence the Bank of England left rates unchanged at their meeting on January 10th which in turn offered some much needed support to the UK currency. It is a tough balancing act that the MPC face; balancing downside risks to growth with rising inflation.
However, properties abroad in the more desirable areas such as the French Riviera and Costa del Sol have stabilized.
"Homes in such sophisticated locations are always popular irrespective of the market place," says Serge Cowan of Unique Living International Estate Agents specialists in high quality overseas homes. "With limited new build, easy access and an exceptional quality of life, properties upwards of £500,000 tend to gain in capital value irrespective of everything happening around them.
St Tropez is an example of where demand far outweighs supply. Unlike emerging countries with unstable Governments and overbuild, these are areas of supreme wealth which to a degree "glide over" the bumpy monetary market.
Having said that, no one likes to pay more than they need, and taking stock of how to avoid unnecessary expenditure is very important."
Mark Bodega, Marketing Director at Moneycorp concurs. "In light of the current volatility in the currency markets, it’s important that buyers look to save money on their property.
Simple advice – don’t let the banks cash in! Shop around and compare the rates given by your bank with an established currency broker. On average, mystery shops show that the high street banks were charging up to 4% more to exchange your money. 4% doesn’t sound a lot but this means if you were changing £100,000 into Euros for example you’d pay around £4,000 more than if you’d used a company like Moneycorp."
When dealing with high end properties, this difference in rate is exceedingly important.
No Wonder People Buy in France
France is years ahead in its regulation on property development and in protecting the environment.
In the wake of the recent agreement of 14 Mediterranean countries, including France, to ban all developments within 100m of their coastlines, it is a good opportunity to remind ourselves that the French had in fact adopted the very same policy
less than 22 years ago. By doing so, France was already setting the example for heritage preservation and thus avoiding uncontrolled developments we have seen in other countries, sometimes leading to land grab situations (destruction or reclaiming of non approved developments by the country’s authorities).
The agreement is welcome and very much in line with European environmental preservation policy but for some countries, this will come too late as large stretches of their coastline are already cluttered and disfigured. France understood the dangers at stake and adopted its heavily regulated development policy early in order to preserve its first industry: tourism. Just like the rest of the country, the French coastal areas have been carefully developed and although this did not make short-term commercial sense, it has and still is paying off as its Mediterranean regions continuously attract tourists and investors alike (Provence alone is still the most visited French destination and has seen one of the best appreciations in the country last year).
Yes, the French are passionate about their country and traditions, which at the end of the day guarantees the preservation of the French lifestyle we love so much and prompts many of us to holiday or move to the country for good.
Le Jardin Saint Paul
The "Fractional Ownership" Solution Update
By Adrian Leeds
Fractional ownership is a hybrid of direct ownership and time sharing, combining the best elements of both. The primary differences are that while timeshares involve many thousands of shares in a large complex with “resort” amenities and costs built specifically for that purpose, fractional ownership is joint ownership by only a few individuals in a single property whose value can easily be determined on the open market and for which there are very few, if any, resort amenities which must be managed and maintained (and paid for!). For Paris Home Shares, the city of Paris is it’s own resort!
See the Paris Home Shares Fractional Ownership Offerings:
LE JARDIN SAINT-PAUL — ONLY 3 SHARES LEFT!
The months currently available for 2008 are July, August and November.
Those who have purchased shares in Le Jardin Saint-Paul on Rue Ferdinand Duval, 4th Arrondissement, Le Marais, will be happy to know the renovation is complete! As a final touch, the granite counters were installed last weekend.
You can view a slide show of photos of the apartment at: http://www.flickr.com/gp/69276774@N00/07R372
To see a virtual visit of the apartment, click here: http://www.digitalive.fr/paris/tour.html
To those who have not yet purchased and are interested in learning more, the price of one share is now 92,000€. Only three shares remain for sale. They won’t last long.
To visit the site describing the property, visit
NEW FRACTIONAL OWNERSHIP FOR SALE NEAR EIFFEL TOWER
Chez La Tour
Boulevard de Latour-Maubourg, 7th Arrondissement, Eiffel Tower
Two-Bedroom, 88.1 m2
99,500€ / 12 Shares Available
Available for Use May 2008
Price increase scheduled late February 2008: 109,900€/share
If you would like to receive more information on this apartment, VISIT http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/chezlatour.html
NEW FRACTIONAL OWNERSHIP FOR SALE IN LANGUEDOC-ROUSSILLON
52,500€ for the first four shares / 10 shares available
Available for 5 weeks/year
Maison Bleue is a 3 tiered, 3 bedroom, 3 bathroom village home, with an open living room/dining area and a fully appointed kitchen. The house is furnished with a combination of French antiques, wicker and pine furniture, firm beds, unique lighting, fully equipped kitchen and many decorative items. It also includes Satellite TV, telephone, washer and dryer and all dishware and linens.
If you would like to receive more information on this apartment, visit http://www.adrianleeds.com/frenchproperty/consultation/sales/fractional/maisonbleue.html
It’s This Weekend!
Living and Investing in France Real Estate Conference!
February 16-17, 2008
Alliance Française, Miami, Florida
If you’ve a
lways dreamed o
f owning your own "pied-à-terre" in Paris or home in the Provinces of France, perhaps as a future retirement home or for now as investment property rented part of the year…this power-packed two-day conference is a MUST.
Hosted by Adrian Leeds, long time resident of Paris, Editor of the Parler Paris Nouvellettre® and French Property Insider weekly E-zine and John Howell, lead attorney for the International Law Partnership, London, these two days in Miami will point you in the right direction to make it really happen! Includes three course lunch and cocktail reception.
For more information and to register, visit: http://www.adrianleeds.com/frenchproperty/conference
Or email Schuyler Hoffman at firstname.lastname@example.org
Walk-ins are welcome on the day of the conference!
Property Consultation, Search and Relocation Solutions
Let French Property Insider expert property consultants find your dream home in France for you. We consult with you to help you make the best decisions, ferret out the finest properties to meet your criteria, schedule the visits and accompany you, negotiate with the agencies and owners, recommend the Notaires and other professionals, schedule the signings and oversee the purchase with you from start to finish! You could never do it so easily on your own. Let us take the time and effort off your hands.
FPI Offers More Relocation Solutions!
Moving to Paris? Our experienced relocation expert will make your move easy and hassle-free. We offer complete property and relocation services normally only provided by employer hired relocation firms…but at a price much more affordable for individuals.
Download Complete Brochure
TODAY’S CURRENCY UPDATE
Visit the FPI Web site and click on the link on the left panel or click here for Currency Convertor by Moneycorp Global Money Services: http://www.adrianleeds.com/frenchproperty/insider/moneycorpconvertor.html
for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
The charts below are updated every ten seconds.
The prices shown are "inter bank" exchange rates and are not the rates that you will be offered by Moneycorp. Your rate will be determined by the amount of currency that you are buying. Please speak with an Moneycorp dealer or your consultant for a live quotation.
Parler Paris Après Midi
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is March 11, 2008, and every second Tuesday of the month.
HOT PROPERTY PICKS: Charlot Coups de Coeur
Each week French Property Insider features a range of properties which we believe are on the market at the time of writing. These properties are featured in order to give readers a sample of what is currently available and a working example of prices being asked in various regions of France and districts of Paris.
As we are not a real estate agency. These properties do not constitute a sales listing. For those readers seriously interested in finding property in Paris or France, you can retain our services to do the whole thing for you. For more information, visit http://www.adrianleeds.com/frenchproperty/consultation
***Paris, 3rd Arrondissement, studio, approx. 16
Ideally situated on rue Charlot at the corner of rue de Bretagne, in a lovely old building. This studio includes a main room, corner kitchen, bathroom, toilet, charming beams. Lots of potential!
Asking Price: 79,900€ + 2.5% Finder’s Fee
***Paris, 3rd Arrondissement, 2 rooms, approx. 34m²
This beautiful apartment in an old building is full of charm. Includes a living room, American style kitchen and a bedroom with a bathroom.
Asking Price: 340,000€ + 2.5% Finder’s Fee
***Paris, 3rd Arrondissement, 4 rooms, approx. 60m²
In a prestigious hotel particulier, an exceptional loft duplex. On the last floor, with elevator. Lots of space, quiet and bright with a double exposure. One bedroom (two possible), office, large bathroom, many features. Classy building on a paved courtyard with a garden. In the heart of the Marais, close to museums, shops and restaurants.
Asking Price: 1,000,000€ + 2.5% Finder’s Fee
Next Sessions: February 19, 2008 at 2 p.m.
Notaires de Paris
Place du Châtelet
12 avenue Victoria
Additional information on Les Ventes aux Enchères des Notaires can be found on the Web site at http://www.encheres-Paris.com/ Though the site has a button for an English version, it isn’t reliable to work.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
February 19, 2008 at 2 p.m.
|STUDIO 16,8 m²
53 rue Damrémont
75018 PARIS 18th
Opening Bid: 63,000€
|4 rooms 95,7 m² rented
18 boulevard des Filles du Calvaire
75011 PARIS 11th
Opening Bid: 365,000€
|STUDIO 19,50 m²
18-18 bis rue de Bellefond
75009 PARIS 9th
Opening Bid: 50,000€
|3 rooms 44 m²
18-18 18 bis rue de Bellefond
75009 PARIS 9th
Opening Bid: 185,000€
|4 rooms 73,2 m² + balcony
6 rue Achille Martinet
75018 PARIS 18th
Opening Bid: 320,000€
|STUDIO 29,2 m² + balcony
6 rue Achille Martinet
75018 PARIS 18th
Opening Bid: 130,000€
LEASEBACK NEWS FROM IMOINVEST
DOMAINE DES ROCHES JAUNES
France, Brittany / Normandy, Plougasnou
One Bedroom 36m² to 36m² €123,000 to €123,000
Two Bedrooms 44m² to 50m² €147,000 to €163,000
Three Bedrooms 56m² to 71m² €180,000 to €223,000
Guaranteed Buy to Let – Leaseback
GUARANTED RENTAL INCOME: 4.30%
NEW BUILD AROUND OLD BRETON MANOR
Authentic Breton village located 70km from the Brest International Airport and 40km from Roscof (direct ferries from Cork and Plymouth), known for it’s 18 meter high cliff offering outstanding panoramic views over the Morlaix Bay, waterfalls and ornamental lakes with tortoises, rock gardens with cacti, agaves and aloes; an enchanting site with a taste of the exotic.
Discover this unique and rare new build property including an ocean view on the Beachside of "Saint Samson" as well as an old Breton Manor called "Les Roches Jaunes" on the premises. Nearby attractions include the Casino and Balneotheray centre in Roscoff and the Golf Course of Garantec at 9km from the residence. Residence facilities include a covered heated swimming pool, a fitness room and laundry facilities. There is parking available on site.
As a new build property, owners will benefit from a VAT tax refund equaling 19.6% of the acquisition price. In addition, owners will be paid a guaranteed rental income for the life of the commercial lease.
- Popular vacation destination
– Tax refund of 19.6% by the French Administration
– Managed by one of the biggest management companies in France
– Up to 5 weeks of occupancy
SEEKING A MORTGAGE IN FRANCE?
When you make a purchase as important as a piece of real estate in a foreign country, you want to know that you can trust the people you are dealing with. Adrian Leeds has developed a network of professionals that meet only the highest of standards. With the expertise and experience of Adrian and her team, you can depend on getting the best advice and support to feel completely confident that you are making an informed investment decision.
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HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
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Parler Paris Apartments offers high quality accommodations to make your stay in the City of Light as enjoyable and memorable as possible. We at Parler Paris know each and every apartment owner or manager personally, and stand behind the quality of those we represent. We understand your needs and desires, all the small details that make a rental apartment a warm and welcoming home – and a much better alternative to an impersonal hotel!
Parler Paris Apartments is administered and serviced by the same great team as Parler Paris, French Property Insider and French Property Consultation. You can trust that Parler Paris Apartments and all those with whom it is associated will do their best for your 100% guaranteed satisfaction.
One-Bedroom, Sleeps up to 4
L’Aubergine sits tucked away on an historic and quiet Marais "cul de sac," making it an oasis of peace and calm. This second floor apartment (two flights) has two large bright windows that face a classic Parisian courtyard. With digicode, intercom entry system and elevator, it has been completely renovated and professionally decorated to the height of luxury, with a soothing "aubergine" (eggplant) and taupe color scheme. Everything in the apartment is new, from the designer linens and towels, to the appliances and electronics.
Reserve now! Visit http://www.adrianleeds.com/parlerparis/apartments/rentals/aubergine.html
or email: Apartments@AdrianLeeds.com
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Adrian Leeds Group, LLC, http://www.adrianleeds.com