Improving With Age
One of Paris’ Oldest Houses
December 11, 2008
Bonjour French Property Insider Subscriber,
Today, we focus on aging. Not about you or me, but property…particularly property in Paris. Paris is loaded with centuries-old buildings, some dating back to the 13th-century.
Many have argued over which house in Paris is oldest. I’m still in debate with a journalist friend who has researched it, thoroughly, and claims that the Nicolas Flamel house on rue Montmorency is in fact, the oldest, built in the early part of the 15th century. Another I treasure claims 1240 as its construction date…and a visit to an apartment inside is described in today’s issue. One thing for sure, the older the property, the more valuable. Paris doesn’t raze it’s old houses and put a new one in its place. It guards and protects them as classified national monuments. On occasion you’ll see the facade of a building retained while the interior walls are totally reconstructed. So, while everything in its interior is contemporary made for today’s lifestyle, the exterior still fits beautifully with the environment. If you’re looking to purchase a property in Paris, my advice is to go for age. The older, the wiser the purchase. Don’t worry about the ‘wrinkles’ — a little ‘face lift’ can do wonders to contemporizing it without losing its charm…the charm of old beams, working fireplaces, "tomette" tiles, windows with many small panes…and so on…so that the centuries of lives and histories exude from their walls. We introduce today, too, our latest luxury vacation rental, "La Table du Roi" — a one bedroom apartment in a hot, hot location! Don’t miss it, and don’t miss the chance to book it for the upcoming holiday season!
Many have argued over which house in Paris is oldest. I’m still in debate with a journalist friend who has researched it, thoroughly, and claims that the Nicolas Flamel house on rue Montmorency is in fact, the oldest, built in the early part of the 15th century. Another I treasure claims 1240 as its construction date…and a visit to an apartment inside is described in today’s issue.
One thing for sure, the older the property, the more valuable. Paris doesn’t raze it’s old houses and put a new one in its place. It guards and protects them as classified national monuments. On occasion you’ll see the facade of a building retained while the interior walls are totally reconstructed. So, while everything in its interior is contemporary made for today’s lifestyle, the exterior still fits beautifully with the environment.
If you’re looking to purchase a property in Paris, my advice is to go for age. The older, the wiser the purchase. Don’t worry about the ‘wrinkles’ — a little ‘face lift’ can do wonders to contemporizing it without losing its charm…the charm of old beams, working fireplaces, "tomette" tiles, windows with many small panes…and so on…so that the centuries of lives and histories exude from their walls.
We introduce today, too, our latest luxury vacation rental, "La Table du Roi" — a one bedroom apartment in a hot, hot location! Don’t miss it, and don’t miss the chance to book it for the upcoming holiday season!
On another note, we have included several articles from our sister publications to provide insight into today’s real estate market…holding strong in Paris while the rest of the world’s economies are suffering.
Editor, French Property Insider
Email: [email protected]
P.S. We’re planning our upcoming Living and Investing in France Real Estate Conference in New Orleans March 21-22 now! Soon you’ll be able to reserve your seat, but if you’re at all interested in attending, be sure to email Schuyler Hoffman at [email protected].
Volume VI, Issue 50, December 11, 2008
In this issue:
* Discovering Paris’ Fourth China Town
* Finding The Oldest Houses in Paris
* One of the Oldest Houses in Paris for Sale
* A New Apartment on the Rental Market
* France Becoming a Buyer’s Market
* French Property Remaining Stable
* What Could be Better Than Your Pension?
* Property Market Trends Throughout France
* Fractional Ownership Offerings
* Today’s Currency Update from Moneycorp
* Hot Property Picks: 16th Century Gems
* Hot New Leaseback: TERRASSE DE THEOULE
* French Property Mortgage Assistance
* Parler Paris Apartments — Last Minute Holiday Availabilities!
* Parler Paris Après-Midi: When and Where We Meet Next
* Managing Your FPI Subscription
An Excerpt from Parler Paris…
Monday , December 8, 2008
Not many people know about the "fourth" Chinatown in Paris, even most Parisians. In fact, I’d venture to say most don’t even know there’s more than the "one" Chinatown in Paris — the one most well known and largest in the 13th arrondissement centered around Place d’Italie. While the first Chinese immigrants came to France as migrant workers during World War I, the 13th district became home to the Chinese, Cambodians, Laotians and Vietnamese refugees who arrived in the late 1970s and 1980s.
Chinatown "two" is in Belleville, where rue de Belleville and boulevard de Belleville meet and where the 10th, 11th, 19th and 20th arrondissements converge. This is where Edith Piaf was born and where many Armenian, Greek and Jewish immigrants settled in the first half of the 20th-century. North African Jews settled there in the second half of the century, but in more recent years, the Chinese established themselves there creating an interesting mix of cultures.
Chinatown "three" is even lesser-known. Situated between boulevard de la Chapelle and boulevard Ney at the junction of rues Ordener, La Chapelle, Marx-Dormoy and Riquet in the 18th arrondissement, it’s a compact little "quartier" with activities around the covered market at rue de Torcy.
The "fourth" Chinatown is the one that sees my visits most often. It’s the oldest and the least visible situated primarily along rues Au Maire and Volta in the 3rd arrondissement. It’s hidden between the larger "rues" of Beaubourg and Réaumur with not much sign of it until you turn down the ancient, seemingly untouched cobblestoned streets. The Chinese population in the 3rd is one of, if not the largest ethnic groups in the district and support many of the wholesale businesses along Le Marais’ narrow streets.
At number 3 rue Volta is Paris’ oldest house. It dates back to 1240 and has been lived in since then. Three other houses in Paris rival it — one found on rue Montmorency which dates back to 1407 and two side-by-side at the corner of rue François Miron and rue Cloche Percé which date back to the 14th-century…but these are young by comparison!
Often on the way home from Saturday’s Parler Parlor French-English Conversation Group near The Centre Georges Pompidou, I stop for lunch at one of my two favorite restaurants and then make a stop at a Chinese market for unusual goodies.
Currently 3 rue Volta is home to a Vietnamese Pho Soup restaurant for which there is an incessant queue to get a table within it’s ancient walls. It’s not my favorite restaurant along those two streets — I prefer Chez Shen at 39, rue au Maire and Chez Xu at 9, rue Volta, for authentic Chinese food…the kind you aren’t sure what you’re eating, but it doesn’t matter, it tastes so good. Chez Xu is the more authentic of the two — there are virtually no Anglos at the tables to speak of, and as in all of them in every Chinatown in Paris, the young women waitresses are yelling loudly at one another creating a vibrational din. (This is both annoying and mesmerizing.) In all cases, however, you’ll have a hard time spending more than 15€ no matter how much your order.
There are many markets along these two streets, open hours in excess of the normal French markets, and selling groceries you may not recognize unless you’re very familiar with Chinese culture. The packaged nuts are a big bargain — a kilo of roasted peanuts is about 2€ and I hate to admit how I’ve become addicted to them.
The district is not exclusive, however, to the Chinese. In fact, these streets (in my prediction) are the ‘hippest’ and most up-and-coming property values in the 3rd. A sign of it’s blossoming popularity can be seen in one of the newest restaurants to make a mark there — an American restaurant specializing in bagels with a grocery of American products — Bagel Tom at number 12, rue Volta!
Editor’s Note: New York Times freelance journalist, Linda Hervieux commented: "I put some time into researching this and according to a French historian, the house at 3 rue Volta was actually built in 1644. He published his findings about the legend of 3 rue Volta in 1979. It’s quoted in ‘"Unexplored Paris’ by Rodolphe Trouilleux. What I wrote in my Marais oldest house article is that Nicolas Flamel’s House at 51 rue Montmorency is in fact the oldest in town still standing, built in 1407. I got this from several sources."
But…see the controversy below!!!
From a Variety of Online Sources
Oldest House In Paris
(Originally Published 1921)
To see it you will have to leave the straight line you are following, and after you have passed the other old church, St Nicolas, you will see the rue de Turbigo cutting the rue Réaumur. A few steps beyond their meeting to the east is the rue Volta (a much too modern name for so old a street). Turn into it. At the end of a short block is No. 3.
That house was built in 1240 and has been lived in ever since….
Read the article in its entirety at www.oldandsold.com/
A Scholar’s Treasure Hunt (and Journalist’s Headache):
What and Where Is the Oldest House in Paris ?
By Arthur Gillette
The answer depends on what documents you consult and when they were published – ah! scholarship forges ahead (?) and I guess some scholars like nothing better than to outdo their predecessors. Headaches for lowly journalists…
Leaving aside religious, military, governmental and other public buildings, and if we’re talking about the oldest element(s) of a civil dwelling house extant in the capital, then the vestiges of what was probably a Gallo-Roman patrician’s home (between first and third centuries A.D.) you can visit in the Archaeological Crypt Museum beneath the esplanade in front of Notre Dame Cathedral are likely at or very near first place….Read the article in its entirety at
New York Times
October 19, 2008
Excerpts from "36 Hours in Paris"
By Seth Sherwood
FROM the mime in white makeup to the Chanel-clad grande dame walking her poodle, Paris practically sags under the tonnage of its stereotypes. The Marais is the welcome exception. Far from central casting, Paris’s most swinging district brims with a vivid mix of characters. Stroll its medieval lanes and you’ll rub shoulders with muscle-shirted gays and feather-boa transvestites; long-bearded rabbis and scruffy rock musicians; West African restaurateurs and Eastern European bakers. And if you turn down the tiny rue de Montmorency, you’ll even be treading in the footsteps of the famous alchemist Nicolas Flamel. His former residence at No. 51 is said to be the oldest house in the Marais — and all of Paris.
The oldest covered market in Paris, the Marché des Enfants Rouges (enter on rue Charlot) was established in the early 1600s and remains a center of Marais life. A new structure has replaced the original, but it still houses cheesemongers, vintners and grocers. Better, there’s a bounty of small restaurants that resembles a Benetton ad: Italian, Japanese, French, Afro-Caribbean, Middle Eastern. Traiteur Marocain (33-01-42-77-55-05) ladles out Moroccan fare like fresh grilled sardines (7.50 euros) and lamb-prune-sesame tajine (8.85 euros). Read the article in its entirety at www.nytimes.com/2008.
When walking home last Saturday to have a Chinese lunch on rue Volta, I noticed a FOR SALE sign in one window of number 3, rue Volta, one of the three oldest houses in Paris, of which there is constant controversy. Within moments by phone, one of our favorite real estate agents agreed to show me the apartment a few days later.
The apartment sits on the third floor (no elevator) overlooking the street with small windows — smaller than those of the apartments below it. The ancient stairwell is made of tile steps, stucco walls and a classic balustrade of the 16th-century…in very good condition.
The apartment is comprised of a living room, bedroom, kitchen and bathroom with separate toilet in 45 square meters. The ceilings and walls have exposed beams — of what age is under dispute! The ceiling is low, but reasonable. There is a brick fireplace with a wooden hearth and the floors are mostly tiled. It is in the form of a "U" shape around the central stairwell. The kitchen and bath are on opposite sides of the stairwell at the ‘top’ part of the "U" and each has a window overlooking the other.
The asking price is well below what I had expected, given the importance of the property and in spite of its few shortcomings…which can be overcome with intelligent planning and decor. Renovation is necessary to bring it to a high standard. We hope to develop it for the enjoyment of many…
If you are interested in becoming a Fractional Owner of this unique property, please contact me immediately at [email protected]
"La Table du Roi" is the newest luxury vacation rental apartment offered by P
arler Paris Apartments. In a
17th-century building on rue du Roi de Sicile in the 4th arrondissement, it is steps from rue de Rivoli, rue Vieille du Temple, the Hôtel de Ville, Place de la Bastille and everything that Le Marais has to offer.
Prior to its total renovation, the space was a large studio with a mezzanine for a sleeping loft that too low to be legal height, reducing the total square meter size of the apartment. The floors slanted downward and a full wall separated the kitchen and bathroom from the main room.
With clever architectural design, Interior Architect Martine di Matteo and her crew added a full bedroom with three openings to the living room (two French pocket doors and one antique window) and a closet the length of one wall. Behind the bed is a hand-painted mural made especially for the apartment. The doors and windows close and drapes can be lowered for complete privacy.
The center apartment wall was opened to expose the 17th-century beams and give visual space to the living room and kitchen, both having lots of light from the (approx.) 3.5 meter-high windows.
A table was cleverly carved around the old beams so that a dining table serves the living room and a breakfast nook serves the kitchen! A leaf can be added to the table to elongate it so that four can be seated comfortably on the living room side.
An extending desk was constructed to create a work corner next to one window and a luxurious sofa bed opens to sleep another two guests comfortably. There is storage under the windows and behind the armchairs where a fireplace once stood.
The open kitchen is fully equipped to handle even the most elaborate gourmet meal and includes a washer/dryer combination machine. The bath has windows across the top to allow lots of light and is equipped with a state-of-the-art rainhead shower, heated towel rack, clothes drying rack and thick luxurious towels.
Considering the size of the apartment with 37 square meters, every inch has been brilliantly used to make for a luxurious stay in the City of Light. No detail has been spared for comfort for up to four guests.
It’s immediately available for occupancy for the holiday season. To book your stay, contact [email protected]
From VEF http://www.vefuk.comwww.vefuk.com
Yes there are bargains to be had, but how long that is going to last is anybody’s guess? Normally just before Christmas everything goes very quiet and considering the economic downturn this year one would expect there to be no interest or inquiries at all. However there are stirrings and a few canny people are beginning to swoop on the bargains.
In the Tarn et Garonne, property prices have remained fairly stable as this is a popular area with good access to auto routes and major airports. Just recently, however, some prices have dropped and a few sellers are accepting low offers or, because of the downturn, putting their properties onto the market at extremely realistic prices.
In the past, trying to sell a property over the Christmas period was never considered to be a good time, but times have changed and most people are now Internet users. A recent survey showed that more people logged onto the Internet on Christmas Day than any other day of the year! Looking at property websites was high on the list of favorites.
January and February are two of the least popular months of the year but what a great time to pick up a bargain, especially this year.
Here are a few properties that have had substantial price reductions:
- A detached stone 3 bed house that would make a fabulous holiday home, reduced by over 83,000 euros.
- A detached 4 bed village house renovated to a very high standard and with a large outside veranda, reduced by over 50,000 euros.
- A detached character property in need of a little updating. It comes with over an acre of garden and is just outside a large medieval village with every amenity, reduced by nearly 60,000 euros.
- This is a fabulous property. A detached stone farmhouse with 4 bedrooms, huge attached barn in excellent condition and a private position. It also has a pool and an orchard! Reduced by over 50,000 euros.
- Superb and ready to move into. A detached stone barn, beautifully converted with the help of an architect. It has 4 bedrooms, a pool and ½ acre of garden and is situated in a pretty hamlet not far from a vibrant market town, reduced by over 56,000 euros.
- A 4 bed detached house with incredible views over the spectacular gorges of the River Aveyron, it has a private drive, over 1 hectare of land and a pool. Situated on the outskirts of a famous medieval village with every amenity and reduced by 56,000 euros.
From PDFinvest www.pdfinvest.com
Overseas Property Buyers Continue to Outstrip Supply
The French National Estate Agents Federation (FNEAF) reports that French property prices overall rose by 7.1% in 2006, 3.8% in 2007 and 1.7% in the 12 months up to July 2008 – making it one of the few places in the world that has seen continual price rises throughout the credit-crunch.
Liam Bailey, chief market analyst for upcoming property portal Property Abroad had this to say of the revelation: “France has seen such continued – if steady – increases in property values, mainly because it never really became swept up in the overseas investment boom. In the last 2-3 years thousands of savvy people with a dollar to spare decided to put their money into overseas property, but did so, mainly in off-plan properties in emerging markets where prices were incredibly low, and the opportunity presented itself for immediate high-level gains and incredible rental yields. France never exactly offered an abundance of these properties, and so has and will remain to be one of the favorite places for people [especially foreigners] buying a resale property as a holiday home…”
Editor’s Note: To read the full article, please see pdfinvest.com/
Posted on ABESTPOST www.abestpost.com
With the current state of the dollar and the pound against the Euro you might think there couldn’t be a worst time to buy a property in France. Hang on though. A lot of French estate agents are well aware of the power and importance of foreign buyers and you might be surprised just how affordable French property still is.
There’s also the investment angle to consider. Certain French estate agents are actively promoting French property to foreign buyers as a viable alternative to investing in a private pension and when you look at the growth potential they have an argument worth listening to.
If you’re coming to France from the US, the situation isn’t the same is if you’re Dutch or English. It’s definitely the Northern Europeans who have the greatest difference in house prices (unless you’re from one of the major US cities).
Affordable French property, two and three bedroom cottages for example, in the easily accessible North of France, are half the price or less compared with a similar house just across the channel.is affordable french property a better bet than your pension?…
Editor’s Note: To read the full article, please see www.abestpost.com/
From Articlesbase www.articlesbase.com
Considering the current property market situation, there’s no need to say the tendencies are changing. Buyers are now more interested in buying quality properties, with great features and in dream places. Everybody will understand why they want to use their money for something which is worth the deal.
As a consequence, interesting properties in Brittany are usually stone longeres, sometimes with outbuildings. A 2-bedroom stone house, in the area of Carhaix and Corlay is representative of the region and can be acquired for € 65,000 if you don’t mind some refurbishment work. With a € 140,000 budget, you will be able to purchase a 3-bedroom longere set in two acres of garden near Loudeac and j2999selinm with only painting work needed in some cases, but most of the time the property will be ready to move in!
Further south, in the Languedoc region, small budgets also have their chance. In the area of Beziers, you will find cheaper properties because they don’t face the sea but are still located in great areas and close to the seaside. That is why € 120,000 will buy you a 2-bedroom village house with terrace. If you wanted a property in Carcassone and can’t afford it, then Limoux is the place for you! There, you will get a 3-bedroom villa for € 215,000. This is definitely cheaper than the famous city and only 20 mins from there. For those who fall in love with stone houses, then the Gard region is a good alternative as the region has lots of affordable stone properties. What’s more, as it is very close to the Provence area, the Gard has all the assets of the famous region and is definitely cheaper! That is why you will be able to buy a stone Mas with land for € 280,000 in this wonderful region. Not far from Perpignan and also cheaper, the Narbonne area offers large stone houses with land from € 150,000.
In the Poitou-Charentes region the purchase tendencies concern the Charente department, where village houses attract lots of buyers. They are interested for instance in 2-bedroom village houses located around Montbron and Aubeterre. For € 77,000 this kind of property needs some refurbishment and for € 90,000 they are ready to move in. Manor houses in the region of Cognac are also very much sought-after
as you can buy one for € 250,000, with 1000m2 of garden and three bedrooms. As for farmhouses, buyers like them because they often come with several outbuildings, offering lots of possibilities for conversion and extension. For example, € 200,000 will buy you a farmhouse set in three acres of land with outbuildings, near Sauze-Vaussais. Last but not least, charentaises longeres are – no need to tell– very famous. A typical Charentaise house around Maixent-l’Ecole will consequently cost you € 137,800…
Editor’s Note: To read the full article, please see www.articlesbase.com/real-estate-articles/
Fractional Property Offerings from French Property Fractional
If you are interested in traditional fractional ownership properties currently offered by our Fractional Ownership partners, see below:
Paris: La Rsidence Luxembourg
Paris: LE PALACE DES VOSGES
|Paris: LE PETIT TRESOR
|Paris: CHEZ LA TOUR
|Languedoc-Roussillon: MAISON BLEUE
|Meaux: CHTEAU LIVING FRANCE
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: Moneycorp Currency Conversion Tool for up to the minute conversions of all major currencies.
Compare currency values easily and quickly by visiting:
Charts: http://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. Ple
ase speak with an Moneycorp dealer or your consultant for a live quotation.
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 we focus on properties dating to the 16th century. We were surprised there were so many actually on the market. Here are just a few we chose to present to you:
***Normandy, St. Hilaire du Harcouet: 7-bedroom, approx. 325m²
‘Petit’ Chateau/Manor house from the 16th Century nestling in approx. 3 hectares of land situated in the beautiful countryside near the town of St Hilaire du Harcouet. The Manoir has been sympathetically and extensively restored. The property has 13 rooms altogether, with two basements and convertible attic space running the full length of the house.
There are various outbuildings, all in good condition including: stables, double garage, restored orangery, large workshop and hanger. The grounds are mainly lawn and shrubs, the original vegetable garden still exists and is used. This Manoir has quite a bit of written history, which comes with the house.
The 7-bedroom property offers approx. 325 sqm of habitable space. The entrance hall leads to the salon, dining room onto the sitting room, office/library and smaller office. There is a kitchen, back kitchen and utilty area. The kitchen has the original granite sink and heating coals area to keep food warm. Maids stairs lead to the second floor.
From the entrance hall, the main staircase which is being restored, leads to the bedrooms, three of which have WCs and hand wash basins, there is a bathroom ensuite to one bedroom and a separate shower.
Asking Price: 525 000€ + 2.5% Finder’s Fee
***Dordogne, Bergerac: 2-bedroom approx. 200m²
Saved in the 70′s by the present owners from wreck and ruin, this old manoir has been perfectly renovated upholding the 16th century style. The comforts of modern life have been discretly added with oil central heating. Let’s not forget the perfect garden, large pool and a small wood. Situated at the end of a peaceful hamlet and surrounded by woods and meadows, this outstanding property, a real piece of local history, is less than 15 minutes from Bergerac.
The manoir is entered through an arch shaped doorway with the date 1561 inscribed above. To the left from the entrance hall is the living room mesuring 50m² and boasting amazing features such as the gigantic stone fireplace, oak beam ceiling and cobble stone floor. The dinning room is on the opposite side of the building offering a generous 35m² of space. The hallway leads on to the kitchen, bathroom and utility room. A tradittional wodden staircase leads up to the two large bedrooms; the main mesuring 50m² and the other mezzanine style 35m². A door on the first floor opens on to the outside, with nothing behind it–A mystery to the current owners and local historians. A little something extra which adds to the charm and romance of this property. remain-stable.htmlpar
Asking Price: 740 000€ + 2.5% Finder’s Fee
***Normandy, St Hilaire Du Harcouet: 7-bedroom, approx. 400m²
This beautiful French Chateau is in a lovely location, with a shop/café within walking distance. The property lends itself to various income opportunities, which we would be happy to discuss with interested parties, it would also make an ideal Country Retreat or Family Home.
Originally built in the 16th Century, the Chateau consists of two wings, built in 1581 and added to in 1820. The property offers large accomodation including a large kitchen & pantry, dining room, large salon (drawing room), study, plus other smaller reception rooms. There are seven Bedrooms.
There is approx 3.5 Hectares of land, including formal gardens, paddocks (suitable for horses, cattle, sheep etc), there is also another piece of land which would be ideal for a riding arena if equestrian pursuits are of interest to you (or use as an additional paddock), or also ideal for tennis courts.
e large ce
llar under the property still contains the original cider barrels from when the property was run as a successful Cider producing Chateau some years ago. These would be ideally used as large wine cellars, or for extra storage.
All of the original features remain intact. These include the wooden floors throughout the property (mainly oak), fireplaces in most rooms (huge inglenook fireplace in kitchen), period wood panelled walls & oak staircase.
Asking Price: 500 000€ + 2.5% Finder’s Fee
***Indre-et-Loire, Chinon: 6-bedroom, approx. 750m²
Charming 16th century French chateau for sale with 750m2 habitable space plus attic. It sits on four hectares of land with the possibility of more. There are outbuildings arranged in a U-shape of 96m2 and 480m2.
First floor: two entrances (main hall of 25m2 and tower entrance), small room, 55m2 lounge, fitted and equipped 40m2 kitchen, office of 18m2 with fireplace, two rooms of 12 and 30m2, second fitted and equipped kitchen of 37m2 with fireplace and scullery, 27m2 office with fireplace, parquet-floored 16m2 bedroom with fireplace, washroom with WC, studio (with 30m2 lounge with fireplace, corner kitchen, bedroom, WC).
Second floor: parquet-floored bedroom of 22m2, two washrooms (one with WC), 30m2 bedroom with two closets, three bedrooms with parquet floor (15, 23, 30m2), bathroom.
Third floor: 2 attics of 60m2 and 150m2.
Asking Price: 1 270 000 + 2.5% Finder’s Fee
LEASEBACK NEWS FROM IMOINVEST
TERRASSES de THEOULE
France, Provence Cote d’Azur, Theoule sur Mer
Studio 22m 127,652
EXPECTED RENTAL INCOME UP TO: 5.00%
This property will sell very fast! Located in a picturesque village on the Mediterranean Coast and at the foot of the Esterel Mountains, the area boasts a slew of excellent restaurants, boutiques, gift shops, and a Provencal market twice per week. Leisure activities nearby include golf, tennis, horseback riding, water sports, and hiking.
With its variety of amenities, combined with the natural beauty of the Esterel, and its proximity to cities such as Cannes (10km) and Nice (50km), it is not surprising why Theoule sur Mer is such a popular tourist destination.
Investors in this program have been able to take advantage of excellent rental returns thanks to the popularity of the area. Nice Cote d’Azur airport is only 40 minutes by car and the TGV train station is located only minutes from the residence! One unit for sale here with a 5.2% guaranteed return, so act quickly!
Key Investment Points:
* High rental yield in excellent location
* Amenities include pool, Sauna, reception and restaurant
* Low sale price, high yield with guaranteed return, making this an easy and safe investment
* Spectacular views
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.
HELPFUL CONVERSIONS FOR REAL ESTATE
1 square meter = 10.7639104 square feet
t> 1 hectare = 2.4710538 acres For more conversions, refer to: http://www.onlineconversion.com/ 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. RESERVE NOW FOR THE HOLIDAYS…Check our holiday availabilities… * Le Provenal Studio: Available 2 weeks before Christmas only 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.
* Le Pinot Noir 1-Bedroom: Available December 23-30
* Le Dco 1-Bedroom: Available December 2-6 and 12-17
* L’Aubergine 1-Bedroom: Available December 2-5 and from December 13 through January
* Le Balcon Plant 1-Bedroom: Available December 2-9, 15-18, from December 29-January 7
* La Rose du Marais 2-Bedroom: Available December 6-30
* La Bonne Nobel 2-Bedroom: Available from December 3
* Le Penthouse Voltaire 3-Bedroom: Available December 2-13, 18-24
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!
1 hectare = 2.4710538 acres
For more conversions, refer to: http://www.onlineconversion.com/
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.
RESERVE NOW FOR THE HOLIDAYS…Check our holiday availabilities…
* Le Provenal Studio: Available 2 weeks before Christmas only
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.
Come for a drink and to meet and chat with other readers in Paris…
The next gathering is January 13, 2009 and every second Tuesday of the month (except August).
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"
5. Once you’ve made the changes, scroll down to the bottom of the page and click on "Save Profile."
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.
Past issues of FPI are available on the website. You will find the
"Past Issues" link on the left under "Subscribers Only" or by going to
To receive your free French Leaseback Report or the Paris Property
Report, click on
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
3. If you order two or more guides, then an additional 15% will be
taken off automatically. There is no promotion code needed.
Here is the special "coupon" Web link just for you:
SUBSCRIBE TO PARLER PARIS
If you’re not a regular reader of the Parler Paris daily e-letter, and would like to be, simply enter your e-mail address here (it’s free!): http://www.adrianleeds.com/parlerparis
Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, http://www.adrianleeds.com