Cote d azur. Cagnes sur mer

Cagnes Sur Mer

The perfect tourist destination in the South of France, plays host to this intriguing development consisting of just 79 properties, of which only 20 can be sold on the overseas market. And with prices increased by an impressive 21% between 2004 and 2005 (according to the French
Economic Magazine L’Express) and up to 8 weeks use it sounds like the perfect vacation and investment plan

The development itself will be of a high standard (3 star but they are aiming to increase
this to 4 star) and will consist of well appointed one and two bedroom properties. Located just a small distance from the town centre and approximately 1 kilometre from the sea front future residents will be both tourists and business people. The residence will boast a roof swimming pool as well as a Jacuzzi, fitness area, cafeteria, television room, multimedia room, and laundry and baggage areas.

Prices;

start at 133 838 Euros excluding VAT for a ground floor one bedroom apartment with terrace  ranging up to 208 489 Euros ex VAT for a 1st floor two bedroom apartment with a terrace.

All properties come with parking and the developer is advancing the VAT.

Yields

Range from 2.9% to 4.1% depending on occupancy and there are two attractive occupation packages available:

1. 2 weeks free use per year: Offers typically higher yields and enable owners two weeks
occupation (restrictions when this can be taken apply)
2. 8 weeks free use per year: Offers a lower yield and enable owners eight weeks free
occupation (restrictions when this can be taken apply).

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