Apartment for sale in France

A brand new development consisting of 79 properties situated on the Cote D?Azur, between Nice, Antibes and Cannes in the resort of Cagnes Sur Mer.

Prices increased by an impressive 21% between 2004 and 2005 according to the French Economic Magazine L?Express (figures for 2005 ? 2006 have not yet been released) and the town is set to continue enjoying price increases over the coming years, due to a notable revitalisation project for the sea front.

Cagnes Sur Mer itself is a town of many faces; it is partly touristy, partly residential and offers a small port, pebbly beaches and medieval village set in the upper part of the town. It is also home to the Renoir museum, a hippodrome as well as thriving economy.

Its location close to between Nice and Antibes enables the town to score highly with investors and holidaymakers alike.

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 residences 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.

The properties will be managed by a highly reputable management company which is part of the Accor group, and are being sold with a 10 year lease.

Yields range from 2.9% to 3.3% 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).

Both occupation options also allow owners to benefit from a reduction on catalogue prices in this and other properties throughout the world managed by the same company.

Fantastic new development which ticks all the right boxes! Guaranteed to sell quickly!!!!