"Renovating, Redecorating and Renting for Success"
Volume V, Issue 40
On Saturday at the Living and Investing in France Real Estate Conference, and then again on Sunday at the “I’m Not a Tourist” Expatica Fair, my team and I will be discussing what makes a rental apartment successful in terms of return on investment.
There are many factors, much of which we share with you today…so if you’re thinking of making an investment in a pied-à-terre in Paris with an eye on a return by renting it when you’re not there, then our word of advice is: DO IT RIGHT. Read on to learn how and what keeps the renters coming back for more and beating out the competition.
Renovation and decor is a key factor. Steve Navaro is discovering big surprises in the renovation of his Fractional Ownership, “Le Jardin Saint-Paul” — a 17th-century arch of stone held up by a classic keystone, buried until now by plaster and bad paint. Read all about it, see the recently made video and then take note of his new apartment just near the Eiffel Tower! Now’s your chance to own a luxury apartment for a fraction of the cost.
And today, interior architect Martine di Matteo, who is speaking at the conference, shares her words of wisdom on renovation and decor with us. She’s perfectly bi-lingual and bi-cultural, so you’ll want to take note of her perfect point of view and impeccable taste when considering how to furnish your successful rental.
There’s more in store, plus a fantastic sampling of all Hot Properties — all that is possible from studios to three bedroom apartments that will make ideal rentals with high yields.
I hope to see you at the Conference or the Fair or both!
French Property Insider
Email: [email protected]
P.S. It’s not too late to sign up for the Conference — or even walk in that morning. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_Paris_Oct_2007/index.html for more information.
P.P.S. Lots of readers came to chat at Parler Paris Après Midi this week. Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apresmidi.html to read the report and see the photos.
Volume V, Issue 40, October 11, 2007
In this issue:
* New Column: Adrian Addresses Your Property Purchase Questions
* Renting for Success
* Renovating and Decorating Tips
* Fractional Ownership Update
* French Flea Market vs. British Duke
* EasyJet Continues to Ease into France
* French City Escapes
* Living and Investing in France Conference, October 13, 2007, Paris, France
* Expatica Welcome to France Fair, October 14, 2007
* FPI Property Consultation, Search and Relocation Solutions
* Today’s Currency Update from Moneycorp
* Next Parler Paris Après-Midi: November 13, 2007
* Hot Property Picks: Selected Apartments to Rent and Enjoy
* On the Auction Block: October 23, 2007 at 1:30 p.m.
* Leasebacks: Cour Villon, France, Center / South, Lyon
* Managing Your FPI Subscription
* Classified Advertising: Parler Paris Apartments — Le Penthouse Voltaire
NEW WEEKLY COLUMN: “Ask Adrian’s Advice”
Regularly we receive interesting questions from readers whose answers would be of use and information to all the readers. You, the readers, now have an opportunity to ask Adrian anything related to investing in Paris and France real estate, lifestyle and living in France issues.
We cannot answer all requests, but will choose those questions which have pertinence to the most readers. Your question will remain anonymous. Please direct your questions of 100 words or less to: [email protected]
How important is a dishwasher in kitchen for a rental apartment? A big plus or so-so?
We have a small spac
e we are trying to fit a kitchen into and it seems that we need to delete the dishwasher. From experience renting apartments in Paris, I can’t remember ever using the dishwasher if one was there.
A dishwasher ranks way down the list of important amenities. So, if you’re trying to organize a small kitchen space and need to choose between a washer/dryer, for example, or refrigerator, or even a useful cabinet, then forget the dishwasher and instead make sure you have a nice sink with drying side and a good dish drying rack!
When letting out property in Paris are there rules regarding fire extinguishers and safety for short term tenants. Where can I find more information on this?
October 13, 2005, the French National Assembly adopted the text of a law written by Pierre Morange and Damien Meslot aiming at making compulsory the installation of smoke detectors in all the residential establishments to ensure fire-protection. This law was submitted to the Senate which then modified it by specifying in particular that the detectors must be standardized. January 26, 2007, the text was forwarded to the French National Assembly in a 2nd reading.
To read the text of the proposition, visit http://www.assemblee-nationale.fr/12/propositions/pion2535.asp
Regardless of the law, it is always a good idea to equip your apartment with a fire extinguisher, purchasable at any of the DIY stores such as the BHV or Leroy Merlin.
The Secret to a Successful Rental
By Adrian Leeds
There are thousands of rental apartments on the market, and most of them are not worth renting. A renter doesn’t know that before they sign the lease, having contracted for their stay off the description and photos posted on the Web site. But if the apartment isn’t acceptable, they may complain, try to cancel the contract and move or simply don’t come back and don’t tell recommend it to their friends — in fact, the word of mouth will end up negative.
Even the smallest detail can ruin their rental experience. Imagine you rent an apartment for the equivalent price of a hotel room in your favorite neighborhood in Paris and you discover upon arrival…no toilet paper…or no hair dryer? That’s small but memorable. And what if it’s even more important…like it turns out the bed is a poor quality sofa bed and you wake up with a pain in your neck. Are you coming back for more of the same? I doubt it.
The renter who rents a one-star apartment expects one-star quality and pays the lower price in lieu of luxury. They’re watching every penny and they’re willing to take less for less. The renter who rents a four-star apartment expects four-star quality and pays the higher price in exchange for luxury. They’re not watching their pennies and want the best of everything. They won’t be as demanding as the one-star client because the bucks aren’t quite so dear to them. And if they live well while traveling, they likely live well at home, too — and that means they are used to luxury and treat it with respect. They will do the same with your luxury apartment.
So, the point is, a successful rental starts with luxury. Don’t be penny wise and pound foolish. Furnish with the best and furnish to completion. Don’t leave a single thing poorly equipped — more is better in this case — you can’t have enough perks.
Location is of course one of the biggest factors to a successful rental. The renters want to be close to the parts of the city that matter most. Well known landmarks make great hooks to attract renters. Think how easy it would be to rent even the tiniest studio apartment next to Nôtre Dame with a view of the gargoyles from your bed?! Great locations usually come with great prices, too, but that’s okay — you’re making an investment that will grow over the course of the years and a great location usually remains a great location many years into the future.
The apartment needs to also be “sexy.” By “sexy” we mean that it strikes a chord in some way. Perhaps it’s the spectacular view, or the ancient fireplace, or the tall ceilings and exposed beams, or the terrace overlooking the Eiffel Tower or…whatever makes it memorable, such a great decor, and a reason to want to be there time and time again. This is a sure fire winner to getting the reservations and keeping the customers coming back.
Whatever you put in, you’ll likely get out of it…the time and energy to find the right location, the “theme” of the decor, the attention to details and the fact that you “thought of everything,” down to the champagne you’re going to provide for your renters when they arrive!
Editor’s Note: Adrian put her own words to the test. Her 16.5 square meter “Le Provençal” rental apartment this past year has averaged 95 euros/night, 8 night rentals, a total of 199 nights through September 2007, resulting in a 73% occupancy rate. Considering the mortgage and all expenses, including 15% to her booking agency, her profit is 4% to the total investment for 2007.
Renovating and Decorating a Successful Paris Rental Apartment
By Martine de Matteo and Adrian Leeds
Rarely will a newly purchased apartment in an old building in Paris NOT need some renovation! Often, the apartment will need a c
redesign of the space to fit the requirements of a good rental, which may be different than how you personally would choose to use the space.
In older buildings, the lifestyles of years and centuries past do not necessarily adapt well to today’s lifestyle. You may find that small, dark rooms will need to be redesigned for larger, friendlier spaces. For a successful rental apartment, the kitchen and bathrooms need to be modern, clean, light and functional, if not luxurious and completely equipped.
Planning for the Renovation and Décor
Newly renovated apartments usually reflect the style of the previous owners and may or may not fit the goals of a successful vacation rental. This means you’re paying the price for someone else’s mistakes, so often it’s best to purchase an apartment that needs a complete redo. And even if for investment purposes only, the apartment should reflect your personal style and you should be able to fully enjoy it yourself as you would have others enjoy it.
A successful rental apartment should ‘tell a story’ surrounding a theme and be sure to look appealing on photos…all meant to create the desire for someone to spend time there. Matching colors and developing a real style may require a professional touch because making your apartment an experience that the renters do not want to miss translates into magic and rental business from the outset!
“Twice the Price, Twice the Time!”…Not if you work with a reliable team! How does it normally work?
Usually a contractor, architect or decorator is called upon even during the initial apartment visits, before a property is purchased, to determine the scope and general expense of the work. These opinions often contribute to the decision to purchase the apartment or not.
Later, the contractors will be called upon to estimate the time and labor based on the predetermined requirements. They will evaluate costs of materials and if you are working through a project manager, those fees may be included in the estimate. The project manager should communicate constantly with you throughout the project by email, phone and fax, with photos of the ongoing work so you participate every step of the way. When in Paris, you have the opportunity to shop for the apartment, on your own or with your decorator.
How long does it last?
Naturally, it depends on the scope of the project and the availability of materials. Normally, renovation takes from 4 weeks to 18 weeks. Ordering kitchen or bathroom fixtures can mean up to 8 weeks delivery delay. Most furnishings can be ordered as the renovation is in process, so that your apartment is completed in a timely way.
How much does it cost?
This is variable but if you spend from 1500€ to 2000€ per square meter in total, you are investing wisely.
When you think furnishing, think luxury, comfort — better than your own home!
Editor’s Note: Martine Martine di Mateo, Interior Architect, was born and raised in Paris, but a scholarship brought her to San Francisco, California, where she studied Art and Design before she joined Macy’s department stores as Director of Visual Merchandise for the downtown store. She became an American citizen, but then Disneyland Paris gave Martine the opportunity to return to France where she worked for their theme park and hotels for 14 years as a Visual Marketing Director of the stores and retail department. Three years ago, she joined the prestigious interior design classes at the French national school “Ecole Boulle” and now acts as a consultant and project manager working with contractors to redesign living spaces from kitchens to bathrooms, to furnishings, making it all look French with a special touch! To contact Martine for an estimate on your apartment, email her at [email protected]
Le Jardin Saint-Paul before
The “Fractional Ownership” Solution…
An Update by Adrian Leeds
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 well underway! If you viewed the photos of the apartment prior to any work done on it, you may recall the arch leading from the living room to the bedrooms, stuccoed over and painted a bright mustard yellow.
The construction crew stripped off the plaster and paint discovering a 17th-century classic keystone arch of beautiful stone! Be sure to see the video of and by Liam Gallegos in his excitement over the find! Just click here: http://www.youtube.com/watch?v=Y_Y-GuHswLc
To visit the site describing the property, visit
https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation and to take a video tour of this gorgeous property, visit http://www.parishomeshares.net/jspvideos.html
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
This is our most elegant offering yet! Located in the heart of the chic 7th arrondissement, one block from the Esplanade des Invalides and a few minutes by foot from the famous rue Cler and the Eiffel Tower, this spacious apartment will redefine the word luxurious in Paris. The layout of this apartmentwill be reconfigured to better utilize the space, which will result in larger bedrooms, each with their own bathroom. As a classic French apartment, it occupies the entire 1st floor above street level in a “petit” Haussmann-style “pierre-de-taille” building, just 100 meters from the Métro station La Tour Maubourg, and just around the corner from the fashionable rue St. Dominique with its many shops, cafés, and famous restaurants. The Seine is two minutes away by foot.
Chez La Tour features original “pont d’hongrie” chevron oak flooring throughout, exquisite “cornice” and ceiling moldings in every room (including the bathroom!), marble fireplace mantels in the living room, dining room, and Master bedroom, and gorgeous crystal chandeliers, all evoking the classic period of French architecture. The living and dining areas feature five windows facing west, allowing the apartment to be bathed in light all day. Of course, the living areas will include the usual accoutrements, such as large high-definition flat screen TV, surround-sound stereo/DVD system, and laptop computer station with DSL connection and printer.
The Master Suite will feature two sets of windows overlooking the quiet courtyard, a gorgeous four-poster queen bed, triple-door antique armoire with dresser, and a separate sitting area where you can relax before retiring. Plug in your Ipod to the wireless speakers to enjoy your favorite music while you enjoy your own private retreat.
The remodeled Master bathroom will feature marble flooring and walls throughout, walk-in shower with body jets, and a double sink. Of course, the ornate ceiling moldings will remain to add that extra touch of opulence. The bathroom will be directly accessible from the Master Suite.
The Guest Bedroom will be relocated to where the kitchen now exists, and will feature it own ensuite bathroom with shower and sink.
The kitchen will be completely relocated adjacent to what is now the Living Room, and will open onto the new Dining area with working fireplace and dining area with seating for 8. It will feature top of the line stainless appliances, granite counters, and new wood cabinetry, perfect for a simple lunch or an elegant dinner presentation!
The apartment will also include a full-size washer and dryer for your convenience. Finally, the apartment will be equipped with air-conditioning, to make even the muggiest Paris evenings a breeze!
If you would like to receive more information on this apartment, VISIT https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation/sales/fractional/chezlatour.html
Editor’s Note: We will be discussing Fractional Ownership at the upcoming Living and Investing in France Real Estate Conference October 13th but by then it may be too late to take advantage of this opportunity. If you’re interested in learning more about Paris Home Shares upcoming projects, call or write Steve Navaro: +1-303-793-0900, email [email protected][email protected]
Paris Flea Market Takes on the Duke of Westminster
By Angelique Chrisafis for The Guardian
When two colourful and eccentric Paris flea markets were bought by the Duke of Westminster, one of Britain’s richest men, it seemed like an odd match.
And now what appeared to be a happy honeymoon period turned sour this weekend as traders and antiques dealers protested during the World Antiques Fair, suggesting their new landlord should “return to perfidious Albion”.
Les Puces in Saint-Ouen, the famous collection of antiques and bric-a-brac stalls, make up the largest antiques market in the world – a key Paris tourist attraction. But more than 400 traders in the winding lanes of furniture and curiosity stalls bought by the duke have accused him of misunderstanding French tradition and trying to force them out with exorbitant rent hikes…
To read the entire article, visit http://www.guardian.co.uk/international/story/0,,2185813,00.html
EasyJet Boost To French Property
Budget airline’s plans to build two new bases in France should see a significant increase in property prices.
Budget air carrier EasyJet is to increase its presence in France with the establishment of two n
ew bases in the country, one in
Paris Charles de Gaulle and the other in Lyon.
This will see the creation of 13 new routes beginning spring 2008.
The opening of the Charles de Gaulle base will enable EasyJet to initially launch six additional domestic and international routes (Biarritz, Oporto, Venice, Marrakech, Hamburg and Krakow) at France’s main airport.
The Lyon base will operate seven domestic and international routes; Bordeaux, Toulouse, Casablanca, Marrakech, Venice, Porto and Lisbon.
It’s already well-documented that the increase in budget flights to a region has a knock on effect on local house prices, and it expected that this announcement will have a similar impact on the regions included.
French Cities ‘Increasingly Popular Investment Locations’
Interest is rising in property market investment in French cities, it has been claimed, as landlords seek to maximize returns.
While investment in the French provinces has been traditionally popular, low prices and government support means the buy-to-let market in French cities such as Paris is growing, according to Emily Southcombe, managing partner of Tricolore Property Search.
“People before were looking for a second home, a rural getaway. But the market is turning more towards investment. With prices in the UK going up, people are looking to invest in residential [property] in France,” she said.
“When you think about buy-to-let, you want to be in a city, somewhere where the rental demand is constant – cities like Paris, Lyon, Marseilles are getting a lot more interest than they did before.”
Recently introduced legislation means landlords no longer have to pay VAT on the Leaseback scheme, which involves renting an apartment to a holiday company to ensure returns are generated throughout the year.
THIS SATURDAY! There’s still time to register…
Living and Investing in France Real Estate Conference!
October 13, 2007 at Chez Jenny, Paris
BONUS! Receive a $100 coupon toward your Property Search Fee if you attend the conference and $150 if you and your partner attend!
If you’ve always dreamed of 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 one-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, this one day in Paris 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: https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/conference/LIF_Paris_Oct_2007/index.html
Or email Schuyler Hoffman at [email protected]
I AM NOT A TOURIST
Expatica.com Welcome to France Fair
October 14th, 2007
Carrousel de Louvre, Paris
New to France or looking to make the most of expatriate life?
Get the information you need from companies and agencies specialized in expatriate services, from banks, investment firms and insurance companies to schools and tax agencies. You’ll find information on house hunting, finding a job, immigration and permits, staying long-term, and much more.
Meet the people who make expat life great, including the top clubs and associations, travel agents and sports teams.
Explore the expatriate life and your ambitions – higher education, career opportunities, your own business, travel and lifestyle possibilities. Every year, thousands of international managers and employees arrive in France. The I AM NOT A TOURIST Fair answers the 101 questions you have about living here, in a unique environment where you can meet the right people face to face.
News: Expatica is proud to announce that Sir Peter Westmacott, the newly arrived British Ambassador to France, will be on hand to give the opening ceremony at the Fair. We are thrilled to have Sir Westmacott participate in our event and thank the British Embassy for their continued support.
Adrian Leeds Group, LLC and John Howell & Co will be at Booth 92/93 — be sure to come by and visit us!
To order your FREE tickets, click here: http://www.expatica.com/welcometofrance/ticket_signup.asp
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: https://adrianleeds.com/wp-content/uploads/newsletters/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 November 13, 2007, and every second Tuesday of the month.
HOT PROPERTY PICKS: Selected Apartments to Rent and Enjoy
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 https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/consultation
*** Paris, 2nd Arrondissement, 1 room, approx. 26m²
In the heart of Montorgueil, large and beautiful studio on the first floor. Bright and quiet with open living space, bathroom with toilet, open kitchen. Possibility to make two rooms.
Asking Price: 269,000 € + 2.5% Finder’s Fee
*** Paris, 7th Arrondissement, 2 rooms, approx. 38m²
Near business, schools and transportation. In a beautiful, restored 18th-century building, charming apartment with high ceilings, exposed beams, and a mezzanine. Bright and quiet.
Asking Price: 461,000 € + 2.5% Finder’s Fee
*** Paris, 4th Arrondissement, 3 rooms, approx. 60m&su
< p>In a pierre de taille building near Place des Vosges, on the third floor with elevator. Entrance, large living room, 2 bedrooms, fully equipped kitchen, bathroom. Full of old charm: exposed beams, wood floors, fireplace, moldings. A must see!
Asking Price: 578,000 € + 2.5% Finder’s Fee
*** Paris, 6th Arrondissement, 5 rooms, approx. 118m²
In a lovely Haussmannian building, this newly renovated apartment is on the third floor. Large living room, 3 bedrooms, fully equipped kitchen, bathroom and shower room. Wood floors, moldings, fireplaces.
Asking Price: 1,250,000 € + 2.5% Finder’s Fee
Next Sessions: October 23, 2007 at 1:30 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:
|Studio 27,60 m²
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 70 000,00 €
Deposit: 14 000,00 €
|2 rooms 50,85 m² rented
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 180,000€
|2 rooms 36,40 m² rented
65 rue du Faubourg Poissonnière
75009 PARIS 9th
Opening Bid: 135,000€
|3 rooms 49,06 m²
27 rue Oudry
75013 PARIS 13th
Opening Bid: 228,000€
|Studio 18,39 m² rented
27 rue Oudry
75013 PARIS 13th
Opening Bid: 100,500€
|2 rooms 37,95 m² rented
27 rue Oudry
75013 PARIS 13th
Opening Bid: 172,500€
|Studio 39,9 m²
22 avenue d’Eylau
75016 PARIS 16th
Opening Bid: 140,000€
|Studio 33,5 m²
8/10 rue de la Bûcherie
75005 PARIS 5th
Opening Bid: 190,000€
Studio 16,21 m²
158 rue du Faubourg Saint Denis
75010 PARIS 10th
Opening Bid: 26,000€
LEASEBACK NEWS FROM IMOINVEST
France, Center / South, Lyon
Studio 18m² to 29m² €72,000 to €127,000
One Bedroom 27m² to 34m² €119,000 to €142,000
Guaranteed Buy to Let – Leaseback
GUARANTEED RENTAL INCOME UP TO: 4.56%
STUDENT RESIDENCE CONTEMPORARY STYLE
The third largest city in France after Paris and Marseille and the capital of the Rhone-Alps region, Lyon is an exciting city located in east central France. It is a major centre of business and has a reputation as the French capital of gastronomy and a significant role in the history of cinema. Together with its suburbs and satellite towns, Lyon forms the second largest metropolitan area in France after Paris, with 1,783,400 inhabitants at the 2007 estimate, and approximately the 20th to 25th largest metropolitan area of Western Europe. Lyon is also the international headquarters of Interpol and EuroNews. At the crossroads of the mountains and the sea, this European metropolis benefits from a strategic geographical position equipped with an exceptional thoroughfare network (international airport, TGV station, highways).
Boasting an excellent downtown location in the 8th district of Lyon, in the Monplaisir quarter Residence La Cour Villon is a student residence conceived in a contemporary architectural style, offering 75 fully furnished, tastefully decorated one and two-room apartments. Complete care has been taken to design accommodations that meet the demands of the modern tenant with their comfort and security in mind; some apartments even feature a terrace, providing additional space. Accommodations feature quality finishes and services in terms of both comfort and energy savings (double-glazed windows, sliding shutters, roller shutters, etc.) Residence La Cour Villon is ideally located in the heart of a large business and university centre, including universities Lyon I, II and III, schools and hospitals. The development is only a short walking distance from Lyon III University and seconds from the tramway and metro station, where residents can reach the historical downtown area in just 5 minutes. Residence facilities include a lobby area with reception, laundry room and breakfast area.
The property offers a secure commercial lease that contractually guarantees a net yield of 4.56% paid net to investors. Regular repairs and maintenance costs of the units are at the charge of the management company as well as furniture renewal. The management company backing this project is the best in France who specializes in Business/Student residences. Modern architecture, quality amenities and a location in the heart of the very popular student quarter are the undeniable advantages of the “La Cour Villon” residence and guarantee long-lasting exploitation and real estate appreciation. In addition, Lyon boasts the second student population in France.
* Guaranteed rental return for a minimum of 11 years
* Apartments designed to a modern architecture style
* Strategic location in a very popular student quarter
* Second largest metropolitan area in France – Lyon
* Capital of the Rhone-Alps region of France
* Completion scheduled for 3rd QTR 2008
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.
Let us help you secure a mortgage in France at a competitive interest rate. Visit https://adrianleeds.com/wp-content/uploads/newsletters/frenchproperty/loan for more information or contact [email protected]
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o to https://adrianleeds.com/frenchproperty/insider
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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/
PARLER PARIS APARTMENTS
Email: [email protected]/parlerparis
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.
Le Penthouse Voltaire
American comfort with French flair! Overlooking Boulevards Richard Lenoir and Voltaire, in the 11th Arrondissement. This three-bedroom, two-bath luxury penthouse with wrap-around balconies and spectacular views, sleeps 6.
Reserve now! Visit https://adrianleeds.com/wp-content/uploads/newsletters/parlerparis/apartments/rentals/voltaire.html
or email: [email protected]
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