SPECIAL EDITION: Two Shares at a Bargain and Twice the Pleasure of Le Palace!
News Flash! Le Palace des Vosges is almost sold out.
That might mean nothing to you, but it should. Le Palace des Vosges is our most luxurious fractional ownership property in Paris…and as of this week, one more share was sold leaving only three four-week shares left.
Okay, let’s get you up to speed on all this.
First, let’s define Fractional Ownership so you don’t confuse it with Time Share:
“Fractional ownership simply means the division of any asset into portions or shares. If the ‘asset’ is a property, the title or deed can be legally divided into shares. In certain instances this is done by creating a ‘mezzanine structure,’ i.e. creating a company which owns the property then allowing multiple owners or investors to own shares in the company. Those shares can then be purchased and owned by more than one individual. The reasons for a ‘mezzanine structure’ can vary. Two common reasons are to allow transfer of shares without the need to reflect changes on the title or deed to the property, and for tax benefits.” (Wikipedia.org)
Secondly, Le Palace des Vosges is a very special property.
There have been many fractional ownership properties in Paris, but almost all shares in all properties are now sold out. Some have been taken off the market recently as fractional properties and are being sold as one unit. (If you want to know more about these, be sure to contact us!) So, this means that if you are at all interested in owning a share of a luxury apartment in Paris, these are virtually the only shares left…but these shares are premium! This is by far, the finest fractional ownership property in Paris, so you are fortunate to still have this opportunity.
The point is that the opportunity won’t last long. Once the shares are sold, you’ll be waiting until one of the owners wants to resell their share — and that might not happen for a long, long, time…plus you can bet the price will be considerably higher.
Le Palace des Vosges is a two-bedroom, two-and-a-half bath, 81 square meter (872 square feet) apartment located at Number 9 Place des Vosges — Paris’ illustrious 400 year-old square that is considered the best address in the city. Located in the second courtyard of what was once the Hôtel des Chaulnes, with direct entry from the ground level, it is easily accessible like a private home and spacious beyond belief. Its total charm and perfection comes from its complete renovation and decoration by our accomplished Interior Architect, Martine di Mattéo. (See more photos.)
There are now ten happy owners. Recently two couples, related by marriage, purchased two shares together so that they could ‘share’ their four-weeks giving them even more flexibility. This makes perfect sense. In fact, a few of the other owners have ‘married’ their shares so that together they can come and enjoy blocks of time in their beautiful Paris home.
Now that ten shares are sold, the price has gone up…just like works of art do when the number of a print is ‘editioned.’ As the prints sell leaving less in reserve, the price goes up and so it is with Le Palace des Vosges. The current price per four-week share is 147,900€.
At this price, it’s a bargain given that real estate in Paris has risen sharply the last few years, but the price of the shares in Le Palace des Vosges haven’t! Still, we’re going to make you an offer that you will want to take advantage of…NOW…before it’s two late…before all the shares are gone, gone, gone.
Here’s the offer:
The developers are willing to sell two shares together, just like the two couples purchased, at a formidable discount. Normally the price of two shares is 295,800€. But if you and your friends or relatives want to purchase two in tandem, then you can reduce the price of each to 144,500€, a total of 289,000€ and a savings of 6,800€!!!…And a way to share the good fortune with your co-purchasers!
Shares lettered “B,” “C” and “D” are available. Any two of those adjacent to one another ‘marry’ beautifully so that together you can enjoy one block of four weeks twice per year! See for yourself how the calendar works.
Now, we know that before you make such a serious decision, you will want more information, but more importantly, you’d want to know what kind of people with whom you’d be co-owning this beautiful Paris apartment. Before you get a chance to talk with or meet with them (which we can facilitate), I can tell you that this is the most congenial group of owners I have ever met. So congenial, that this coming Sunday, they are holding their annual general assembly over breakfast at the home of one of them and several are flying thousands of miles from across the country to participate! It’s amazing! They don’t want to miss an opportunity to get together.
You are sure to have questions. You are sure to want to see the apartment. But don’t wait too long. There are only three shares left. We are offering two for a greatly reduced price and they are sure to get bought up quickly. So, talk to your friends, talk to your relatives. Put two shares together and come to Paris for four weeks at a time and best of all, make Le Palace des Vosges your home.
Visit Le Place des Vosges for more information.
Contact us now at [email protected].
A la prochaine…
Director of The Adrian Leeds Group, LLC
P.S. The only additional cost includes the annual dues shared by all owners! This Sunday meeting will determine the budget for 2013. Your responses will be dealt with on a first come, first serve basis, so don’t wait too long before we know you are interested. Visit Le Place des Vosges for more information.
or email us at [email protected]