Homage to Historical "Hôtels"
L’Hôtel de Sully
March 26, 2009
Bonjour French Property Insider Subscriber,
I am JUST back from New Orleans…having landed this morning at 7 a.m. to a cool and Gray Paree. After reorganizing a bit, I headed out for an omelet and café crème at one of my favorite local cafés fully immersing myself back into life in Paris. It almost feels as if I never left, except for the extra pounds around the waistline, thanks to wining and dining in New Orleans.
The Living and Investing in France Real Estate Conference was a success from the point of view of the happy attendees — a small, but serious group who came from far and wide to learn how to make a move or investment in France. We had a lot of fun and developed a real camaraderie amongst us. Read the report in today’s issue and to see photos from the conference, visit www.adrianleeds.com/frenchproperty/conference/photos.html.
Yesterday at the airport I overheard two business women talking about their boss (another woman) who was holding back and not making investments, keeping assets liquid. They were in disagreement with her and I found the conversation fascinating. It was clear that there are the two schools of thought — those who are "waiting" for the markets to return and "fearful" of losing their liquidity vs those who believe in seizing the opportunities by reinvesting what remains in something that will move the markets and help make up the losses.
In regard to French real estate, the second option is the smartest. There are plenty of opportunities while prices are soft, interest rates are down and the rate of exchange is reasonable. Now is clearly one of the best times to make an investment in France.
For those of you who missed the conference, but would want to discover how to be a part of those that take advantage of these opportunities, note that two conferences are coming up soon — in London April 26th and in Paris May 31st. Scroll down for more information and keep an eye out for the Web sites to be launched in the very near future.
Today’s issue of FPI focuses on "Hôtels Particuliers" — townhouses built in the 17th and 18th centuries to house the aristocrats and their entourages when they traveled to the cities from their châteaux in the countryside. Dotted all over Paris and in other cities in France, one doesn’t have to be an aristocrat any more to enjoy these royal abodes. Read all about them and be sure to check out "Hot Properties" where you’ll find some of the finest for sale!
Editor, French Property Insider
P.S. Don’t forget to tune into House Hunters International tomorrow night when our new episode debuts! Scroll down for details.
Volume VII, Issue 13, March 26, 2009
In this issue:
* All Work and Play in New Orleans
* A Peek at Historic Monuments in Paris
* House Hunters International Airs Friday
* Plans Move Ahead Conferences in London & Paris
* You Could Own an Historic Parisian Hôtel
* Discover the Difference Between Hôtel & Hotel
* The Latest Fractional Property Offerings
* Save 500 000 € on Chalet Beaumont!
* A Glimpse at Life on Different "Rues"
* Owning and Living in an Hôtel Particulier
* Currency Update from Moneycorp
* Life Style New: Madoff Loses Home in France
* Parler Paris Apartments: RESERVE NOW FOR EASTER!
* Hot Property Picks: Opulent Prestegious Hôtel Particuliers
* The Next Notaires’ Property Auction: March 31
* How You Can Obtain a Mortgage in France
* Parler Paris Après-Midi: When and Where We Meet Next
* Managing Your FPI Subscription
* Subscribers Receive Discount on Insider Paris Guides
Excerpt from Parler Paris Nouvelle Lettre®
Monday March 23, 2009
daughter and I arrived in New Orleans Wednesday afternoon and headed immediately to a local neighborhood Metairie restaurant named "Bozo’s" for raw oysters on the half shell, stuffed artichoke, oyster ‘po-boys’ and fresh boiled crawfish, topped off by a cold fountain "Barq’s" root beer. That was just the beginning of the continuous eating fest in the city where every bite is a like having a ‘party’ in your mouth. Don’t tell the French, but N-O-L-A has France beat for great ‘cuisine.’
New Orleans, however, is the second best city in which to be talking about France. The first, is of course, Paris…but for a New Orleanian-turned-Parisienne, the "Big Easy" is the best alternative to the "City of Light" for learning how to take the big step to property ownership in France. The venue is a perfect way for to combine pleasure with pleasure — the pleasure of talking about France and the pleasure of visiting with close family while taking in the sights, smells, sounds and tastes of the "Crescent City."
In a private room called "Madame Begue" at "Tujague’s" (www.tujaguesrestaurant.com) on Decatur Street, amid the turn-of-the-century photos of Madame Begue herself in the kitchen, hung on the 153 year-old Creole brick walls, sitting on bentwood chairs (sweet but mildly uncomfortable), with fresh brewed coffee and chicory served in glasses (not cups), we discussed the ins and outs of moving to France and owning property with a small, but serious group of attendees.
They came from as far away as Ireland, Panama, California, Florida and Texas to hear what the professionals have to say about the broad and complicated subject. This was our 23rd conference of this nature, so to us, it’s a subject we know like the streets of Le Marais, but for them, it was an eye-opening experience to learn the intricacies of the French taxation system, a surprise that no Multiple Listing Service exists in France and that mortgages in France are now possible under the 3% interest mark!
There were several highlights during the 1.5 days of presentations and revelry. Administrative Director of the Alliance Française de la Nouvelle-Orléans (www.af-neworleans.org), Alexandra Drame, paid us a surprise visit Saturday afternoon, to talk a little bit about how to go about learning French and gave us a brief history of the Alliance Française which began in Paris in 1883 then established the first chapter in the United States win 1888. We learned that "Laissez les bon temps rouler" (let the good times roll) is a Cajun expression that is as far from being French than New Orleans is from Paris.
Saturday night after a long afternoon of presentations by John Howell of The International Law Partnership (Why Invest in Property in France?, www.JHCo.org), Peter Zipper of Caye International Bank (The Best Kept Secret in Offshore Banking and Investing, www.adrianleeds.com/frenchproperty/consultation/offshore.html) and myself (How to Find Your Dream Apartment in Paris or Home in the Country!), we mingled over cocktails at Tujague’s zinc bar, then settled down to a five-course traditional New Orleans dinner of gumbo, shrimp Remoulade, brisket of beef, crawfish etoufée and banana bread pudding. My entire family (almost) had come to town for the occasion — all three sisters, my soon-to-be-92-year-old mother, a brother-in-law, a niece and my daughter, Erica — all of whom positioned themselves around one table, dotted by the company of Peter Zipper and Jody Cracknell of Moneycorp Currency Specialists (www.adrianleeds.com/frenchproperty/loan/moneycorpconvertor.html).
My niece, Allison Gorlin, New Orleans chef extraordinaire at Cake Café and Bakery (www.nolacakes.com) is also an accomplished ukulele player who sings and strums around town to her pleasure. She brought along her 100-year-old uke to belt out a tune or two and while on a high note, my sweet little bentwood chair slipped out from under me rendering me flat on my back and half under the table! Allison said it was a "helluva way to get her to stop singing!" and we all laughed so hard our tears fell into the bread pudding. She stole the show with her brazen performance and comedic commentaries then we all headed home to prepare ourselves for the next full day of presentations.
Sunday morning, Sarah Maslen with Crédit Foncier (www.adrianleeds.com/frenchproperty/loan/lenders.html) logged onto Skype along with John Rule, our Mortgage Manager, sitting at my own Paris desk, to deliver a presentation about how to get a mortgage in France. While the WiFi signal wasn’t perfect 100% of the time, the Web cam still allowed us to see them and for them to see us and to converse as if we were virtually in one room, while going through the PowerPoint slides. It was encouraging to learn that mortgages are readily available in France, relatively easy to obtain and at today’s rock bottom rates, making it more affordable than ever to invest in a property in France.
The day progressed with presentations by myself, John Howell and Jody Cracknell, providing insight into How to Renovate and Rent Your French Property for Profit, The Fractional Ownership Solution, How to Minimize Your Tax and Maximize the Benefits an
d How to Reduce Your Currency Exchange Risk. Before ending the session with a Q and A to answer any additional questions the participants might have, we stopped for a coffee break with "beignets" covered in powdered sugar fresh from Café du Monde.
The conference participants handed in their evaluations before heading off to the rest of their stay in the Big Easy, with dreams of living in France in their heads, and the tools that they needed to make it really happen. Scores for each presenter were never lower than a "4" out of a potential "5" and the conference was described as "a wealth of information — hard to digest it all," "very well done!," "perfect location — great food!," "totally different from what I thought" and "hard to improve on content and presentation."
Excerpt from Parler Paris Nouvellettre®
Monday, September 22, 2008
Sunday was devoted to seeing Paris’ historic monuments — the ones we never get to enter, but once a year. Our first stop was the Hôtel Amelot de Bisseuil at 47 rue Vieille du Temple. I’ve passed it hundreds of times and admired the big carved Medusa heads on its massive doors. It’s also known as the "Hôtel des Ambassadeurs de Hollande," and was Beaumarchais’ mansion at one time, built and rebuilt over the course of the last six centuries!
It is said that it was here that Beaumarchais wrote Figaro, that it was visited by luminaries and artists while harboring his operation to supply American revolutionaries with arms. Part of it is restored, the rest in disrepair, but the full restoration is sure to come. And as I understand it, it’s up for sale…are you interested?
Le Marais was filled with fascinating buildings and monuments to discover during the sunny afternoon, of which we were able to visit several easily. With each we entered, we were awestruck by these hidden treasures — the depth of the history behind the walls of the buildings we pass daily and think so little of. It teaches us that there so much to learn about Paris — a never ending quest to discover the City of Light that is forever enlightening us.
SEE ADRIAN LEEDS AND FRENCH PROPERTY CONSULTATION ON HOUSE HUNTERS INTERNATIONAL!
***NEW: "Vacation Home in Paris" – Episode HHINT-1A05
March 27, 2009, 10:00 PM ET/PT
March 27, 2009, 2:00 AM ET/PT
New Yorkers Jeff Ballinger and Mary Schiller recently began the first steps toward making their dream together a reality. After honeymooning in Paris, they knew they wanted their own vacation property in France. Now, they’ve moved out of their house and into a smaller condo in the Bronx, NY, and have begun their search for a pied-a-terre in Paris.
House Hunters International Episode HHINT-402: www.hgtv.com/house-hunters-international/vacation-home-in-paris/index.html.
London Sunday, April 26, 2009 The International Law Partnership The Vaults, Holborn Hall 193-197 High Holborn London WC1V 7BD For more information, email firstname.lastname@example.org.
Paris Sunday, May 31, 2009 Chez Jenny 3, Boulevard du Temple 75003 Paris For more information, email email@example.com.
International Herald Tribune
March 19, 2009
When France’s first culture minister, André Malraux, stepped in in 1965 to preserve the elegant 15th-to-18th- century architecture of the Marais, the dilapidated neighborhood was on the brink of being bulldozed by property developers.
But at least one of its celebrated mansions, the Hôtel des Ambassadeurs de Hollande, had already found its savior in the colorful figure of Paul-Louis Weiller.
Mr. Weiller was a World War I French aviation hero, founder of several airlines that eventually became Air France and successful industrialist and financier. Commandant Weiller also had a passion for rare books and real estate. The mansion, a sumptuous but deteriorating, architectural gem listed as a national landmark in 1924, proved to be irresistible.
src="http://www.adrianleeds.com/frenchproperty/insider/issues/images/26-3-09_hotel2.jpg" align="left">The mansion was built in the late 1650s for the Amelot family, using the site of the original 15th- century house. Known then as Hôtel Amelot de Bisseuil, the residence was renowned for its elegant sculpted facades, original layout and rich interiors, designed by the 17th-century architect Pierre Cottard and executed by a series of artists.
After Mr. Weiller’s death in 1993, at age of 100, his son, Paul-Annick, continued the restoration. But when he died in 1998, work stopped.
Now the Weiller heirs have put the property up for sale: the 1,713-square-meter, or 18,440-square-foot, house, with a 270-square-meter basement, 313 square meters of courtyard space and a 45-square-meter terrace; 15 parking spaces in an adjacent building; and a 794-square-meter apartment building nearby.
No sale price has been disclosed, but the total asking price is estimated at 35 million euros ($45.3 million).
Visitors to the mansion enter through an imposing 17th-century gateway embellished on one side with the heads of a Medusa and on the other with a bas relief of Romulus and Remus, sculpted by Thomas Regnaudin, who worked on the Galerie d’Apollon, at the Louvre.
The gateway opens onto the first courtyard decorated with sundials and the Amelot de Bisseuil coat of arms and then, at the end of a vaulted passage, the second, larger courtyard reveals a theatrical mix of columns, garlands and allegorical figures.
The four listed rooms, on the ground and first floors, include the grand Salon de Flore, with an 18th-century ceiling by j2999eph-Marie Vien above the 17th-century gilded and painted boiseries.
Off the Grand Cabinet, decorated with Vien’s paintings of the Four Seasons, is the former library space, which has its own claim to history…
To read the entire article go to www.iht.com/articles/2009/03/19/properties/remarais.php
Editor’s Note: The International Herald Tribune article’s title, "Historic Parisian Hotel Offered for Sale" was written without a circumflex over the "o" of "hotel" leading one to believe that it was about a hotel as we know the meaning — www.dictionary.com: "ho·tel" — [hoh-tel] –- noun: a commercial establishment offering lodging to travelers and sometimes to permanent residents, and often having restaurants, meeting rooms, stores, etc., that are available to the general public. Scroll down to read Wikipedia.org’s explanation of a "Hôtel Particulier" as we in France know it.
In French contexts an hôtel particulier is an urban "private house" of a grand sort. Whereas an ordinary maison was built as part of a row, sharing party walls with the houses on either side and directly fronting on a street, an hôtel particulier was often free-standing, and by the eighteenth century it would always be located entre cour et jardin, between the entrance court, the cour d’honneur, and the garden behind. Paris is not the only city with hôtels particuliers: see Hôtels of Montpellier, for instance.
The word hôtel represents the Old French hostel, which has developed a more specific modern English meaning. Cognates can be confusing: the modern usage in English of hotel denotes a commercial hotel accommodating travellers, a hostelry that is more ambitious than an inn. Modern French also applies hôtel to commercial hotels: confusingly the Hôtel de Crillon on the Place de la Concorde was built as an hôtel particulier and is today a hotel. The Hôtel des Invalides retains its early sense of a hospice for war wounded.
In French, an hôtel de ville or mairie is a town hall (and not a hotel), such as the Hôtel de Ville, Paris or the Hôtel de Ville de Montréal. Other official bodies might give their name to the structure in which they maintained a seat: aside from Paris. several other French cities have an Hôtel de Cluny, maintained by the abbey of Cluny. The Hôtel de Sens was built as the Paris residence of the archbishop of Sens.
Hôtel-Dieu ("hostel of God") is the old name given to the principal hospital in French towns, such as the Hôtel-Dieu de Beaune.
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
Paris: LE PALACE DES VOSGES
|Paris: CHEZ LA TOUR
Paris: La Rsidence Luxembourg
|Paris: LE PETIT TRESOR
|Languedoc-Roussillon: MAISON BLEUE
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* 7/9 apartments total of 409m2 on 4 levels and 3573m2 of land.
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A pied-à-terre in Paris is the dream of many — just a small apartment where they can breakfast on the terrace and while they’re at it, write the great American (Italian, Spanish) novel. Several friends have done it – buy the apartment, that is. Why not us? We could have, maybe we should have, but we didn’t even when the dollar was very high and the Paris real estate was very low.
A mistake? Perhaps, but on the other hand, over the years, we’ve lived in more than 20 different apartments spread out all over Paris. Every year is a great adventure in a different neighborhood with new markets, restaurants and shops to explore and with unmet strangers waiting to become friends.
An early apartment on the rue St. Jacques overlooked the church and charnal house of St. Séveran. It was divided into two parts with a public hallway in between although the only person who ever came by was the very old woman who lived above. The playwright Berthold Brecht once lived there and piles of his letters were in a bottom dresser drawer, where they still may be.
On rue Scipion, we lived under the eaves in a 5th floor apartment that was laid out like a train with one room leading to the next. There were big thick oak beams so low in places that you had to duck your head when you walked by. The apartment overlooked a small square and in the spring, we watched magpies build their big stick nests in the treetops that were level with our attic windows. We shopped at the market on rue Moufftard, the beginning of the main road to Italy in Roman
Rue du Pont aux Choux is named for a bridge over a stream leading to a cabbage patch that have all long-since disappeared. We lived there in a lovely apartment with a terribly uncomfortable couch. During a big transport strike that year, someone stole our bicycle. Three weeks later, I saw a woman unlocking it in front of the nearby Marché des Enfants Rouges. With a lot of talking and arguing, I managed to wrest it away from the thief to the general applause of the crowd that had gathered.
Our apartment on rue Raspail belonged to an artist. It was minimally furnished and had huge, computer-generated paintings propped up against all the walls. On the other hand, its big floor to ceiling windows filled the apartment with light and at night provided us with a view of the illuminated Eiffel Tower – well, just the top half, but beautiful nonetheless.
This year we’re on the rue des Francs Bourgeois (free bourgeois) which was named for an almshouse that opened on the street in about 1334. Its occupants were exempt from paying taxes and thus the name free bourgeois. Poverty is little in evidence now since the street is lined with 15th and 16th century mansions. Around the corner is the traditional Jewish neighborhood of Paris. French law mandates that most stores close on Sunday, but an exemption was given to Jewish neighborhoods whose stores are closed on Saturday. So on Sundays, when most of the commercial streets of Paris are silent, the rue des France Bourgeois is at its liveliest.
Our apartment has a view that encompasses both the past and the present – a 15th century hotel to the left and a modern business school to the right.
Next year? Who knows what adventure awaits? I’ve heard that prices are low and it’s a good time to buy an apartment in Paris…
Saturday March 21, 2009
Alain de Bordas is proud of his home, with good reason. He’s one of only a hundred or so people in Montpellier who own a hôtel particulier, or townhouse, of a kind built during the 17th and 18th centuries in a historic, central neighbourhood known today as Ecusson.
Modern Montpellier is an agglomeration of 391,000 people that stretches out from the old neighbourhood, once bounded by city walls. Its 19th-century architecture lies to the north and west, while Antigone, a dramatically modern 20th-century commercial, residential and office district is to the east. These areas are where most people live. But it is old Montpellier, with its narrow alleys of squared-stone, four- and five-storey houses in need of renovation, that is increasingly drawing the more adventurous home buyers.
Spotting a hôtel particulier, like the Hôtel Baudon de Mauny on Rue de la Carbonnerie where de Bordas lives, takes practice. The giveaway is a tall double doorway, usually flanked by a shop on each side. Step through this, where the coach and horses used to turn in, and you find yourself in an arched tunnel, some 12-15 metres long, that opens on to a little courtyard. Across is an entrance opening to a flight of internal stairs to the first floor, where salon rooms with high ceilings, stucco decoration and floors paved with barres au sol, or polished flagstones, a prized Ecusson architectural feature, overlook the shaded space. On the second floor, there are typically four or five family bedrooms and servants’ quarters under the eaves.
He and his wife Nathalie initially bought and restored a farmhouse outside the city centre but then moved on to the hôtel particulier, which they also refurbished and opened as a guest house, last year. They have three children, aged three, six and seven, who now walk to school, play in traffic-free alleyways and entertain themselves in parks just a few hundred metres away. Family outings might be to Nîmes, with its Roman ruins, Arles or the fishing port of Sète. The lagoons, flamingos and horses of the Camargue are only an hour away and it’s only about 20 minutes to the long sandy beaches of the Grande Traverse…
To read the entire article go to www.ft.com/cms/s/2/3442b48c-141d-11de-9e32-0000779fd2ac.html.
Visit the FPI Web site and click on the link on the left panel or click here for Currency Currency Convertor by Moneycorp Global Money Services/Currency Online by Moneycorp: Moneycorp Currency Conversion Tool for up to the minute conversions of all major currencies.
Compare currency values e
and quickly by visiting:
www.Moneycorp.com/agent/parlerparis/Currency Convertor by Moneycorp Global Money Services/Currency Online.asp
Charts: www.Moneycorp.co.uk/members/charts.asp The charts 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.
Monday March 23, 2009
Bernie and Ruth Madoff can bid adieu to their posh chateau overlooking the French Riviera.
French authorities are poised to seize the three-bedroom apartment in the exclusive Cap d’Antibes section, a lawyer involved in the case blurted out in Manhattan Federal Court Monday.
"Next week the French are going to grab the chateau," said David Sheehan, a lawyer for the trustee seeking to locate the fraudster’s assets and return them to the victims of the $65 billion Ponzi scheme. About $1 billion has been located.
The Chateau des Pins Villa is in Ruth Madoff’s name and reportedly has an obstructed view of the Mediterranean.
The property is worth about $1 million and contains approximately $900,000 in furnishings, court papers say.
To read the entire article go to www.nydailynews.com/money/2009/03/23/2009-03-23_bernie_madoff_to_lose_french_riviera_hom.html.
Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the "seal of approval" from Parler Paris Apartments and me, Adrian Leeds.
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.
SPOTLIGHT APARTMENT(S): Les Ivoires de Montmartre, Les Portes de Notre Dame & Le Montmartre
This bright and beautiful studio apartment has been freshly redesigned and renovated with the utmost attention to detail. Located on a quiet one-way street which was made famous by the hit movie “Le Fabuleux Destin d’Amelie Poulain” (yes that Amelie!), it promises you a stay to remember.
Les Portes de Notre Dame is a charming and spacious one-bedroom duplex apartment centrally located just one block from the Seine and only a few steps from the cathedral of Notre.
This spacious and beautifully decorated studio has three
separate rooms, a full bath
room, a small but fully equipped kitchen with a table that seats two, and a very large living room/bedroom. www.adrianleeds.com/parlerparis/apartments/rentals/lemontmartre.html.
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
This week our focus is on hôtel particuliers in Paris (it is also possible to find apartments for sale within a hôtel particulier).
***Paris, St James: 5+-Bedroom, approx. 70m²
In a prestigious quarter of Paris, and equally prestigious hôtel particulier, with a 70m2 garden, a private entrance road. Very spacious and with 10 rooms, you’ll find a space for every Parisian dream. Will require some modernization. Comes with storage space in the cellar and a parking space.
Asking Price: 3 900 000€ + 2.5% Finder’s Fee
***Paris, 17th arrond.: 5+-Bedroom, approx. 225m²
In an exceptional location in the 17th Arrondissement: Cité des Fleurs, a beautiful seven room hôtel particulier with a total area of 355m² and a garden of 20m². A three-floor triplex, with an atelier of five metres ceiling height. Garage for two cars. An ideal prestige property for the international professional. Has hardwood floors, high ceilings, gas heating and comes with parking.
Asking Price: 2 600 000€ + 2.5% Finder’s Fee
***Paris, 20th arrond.: 6-Bedroom, approx. 230m²
Many rich industrialists used to have their hôtel particuliers built in the upper parts of the 20th arrondissement. Enjoy the atmosphere of the cozy village "la campagne à Paris" in this hôtel particulier – 230m2 – ground floor and three floors – ground floor entrance hall – huge dining room with sumptuous wooden chimney ground to ceiling kitchen – personnel room – first floor two huge reception rooms – bathroom – second floor three bedrooms bathroom wc – third floor two bedrooms bathroom wc – staff separate entrance – very sound full size caves all in underground – garden surrounding the house – magnificent boiseries (wooden panels floor stairs and wall coverings ) dating back to original 1920 – cathedral verrerie in murano colored glasses – needs restoration work for plumbing/bathrooms/kitchen/electricity.
Asking Price: 1 256 600 € + 2.5% Finder’s Fee
***Paris, 6th arrond.: 12-Bedroom, approx. 1228m²
This exclusive private mansion, located at the corner of Jardin du Luxembourg, the largest park in central Paris, at the heart of the famous “Quartier Latin” was built in a typical 18th century French architecture.
Built around a very stylish 110 sqm “Cour d’honneur,” it benefits from a double-exposure: North on a 650 square meter private garden with centuries old trees and decorated with a great variety of vegetation, fountains and statues; South on the 7,000 square meter garden of a state-owned institution.
Extremely quiet and very luminous, with four meter high ceilings on the reception floor covered with frescoes, this 1,228 sqm “palazzo” is a unique combination of classical French architecture and Italian Renaissance decoration.
The current display is set with six independent entrances including private accesses for service rooms. The house has 12 bed rooms (three for staff) but six large ones could be easily added by converting existing reception & prestige offices.
A Luxemburg-based Company has held the building since November 2004. The building is the only asset of this commercial company purposely formed for this operation. The company is the sole and full owner of the building and has no other asset.
are no liabilities but a €11 million bank credit with DEXIA Luxemburg, which is fully guaranteed by the current owner of the company. The future owners can either substitute themselves in this credit and therefore subtract the current amount of the credit from the final price, or alternatively ask the current owner to pay it back the very day of the transaction.
Asking Price: 34 000 000 € (negotiable) + 2.5% Finder’s Fee
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 www.encheres-Paris.com. Though the site has a button for an English version, it isn’t necessarily reliable.
To read Schuyler Hoffman’s article about the property auctions in Paris, click on:
On March 31, 2009 the following properties will be auctioned off:
5 PIECES 128,80 m² + CHAMBRE DE SERVICE 16 m²
37 avenue Bugeaud
68 à 72 rue des Belles feuilles
75016 PARIS 16eme
Starting Bid: 1 089 000,00 €
Deposit: 217 800,00 €
4 PIECES 57,50 m²
10 rue des Francs Bourgeois
75003 PARIS 3eme
Starting Bid: 360 000,00 €
Deposit: 72 000,00 €
STUDIO 24,11 m²
8 rue Houdart de Lamotte
75015 PARIS 15eme
Starting Bid: 132 000,00 €
Deposit: 26 400,00 €
STUDIO 21,40 m²
110 rue de Montreuil
75011 PARIS 11eme
Starting Bid: 98 000,00 €
Deposit: 19 600,00 €
When you make a purchase as important as a piece of real estate in a foreign country, you ant 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.
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
1 hectare = 2.4710538 acres
For more conversions, refer to: www.onlineconversion.com/
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is April 14, 2009 and every second Tuesday of the month (except August).
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2. Click on "Manage Subscription." You’ll find it under the "Subscribers Only" section in the sidebar.
3. Enter your username and password.
4. On the Welcome Page, go to "Manage Your Account" and click on "Change Password/Edit Profile"
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Of course, we’re always happy to help, so if you do need assistance, send an email to email@example.com
To access password protected pages: click on any of the links on the left panel of the home page of FrenchPropertyInsider.com under "Subscriber’s Only," then type in your personal username and password.
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Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Restaurants… Making a Life… Black Culture… Expat Writers…and the newest guide, Practical Paris!
French Property Insider subscribers receive a discount of 10% off any guide and up to 25% off the entire purchase (if two or more guides are purchased at the same time). Here’s how it works:
1. Click on special Web link we give you just for FPI subscribers.
2. Then order one or more guide(s) and use the promotion
code "ED762." This promotion code gives you 10% off your total
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Here is the special "coupon" Web link just for you:
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