Apartment for sale in France

A new student residence located in Lyon, the 2nd largest agglomeration in France with prices starting at just 72 365 ex VAT. At the crossroads of the mountains and the sea, this Lyon benefits from a strategic geographical position equipped with an exceptional thoroughfare network (international airport, two TGV train stations, highways). The regeneration of Lyon continues with new developments being built to meet the overwhelming need for reasonably priced city centre apartments. With over 100,000 students across the whole of the city and young professionals looking to relocate to one of the most exciting cities in France there has never been a better time to invest in Lyon. The development is located in the 8th district is located close to Lyon?s law university which is renowned throughout France, as well as the medical universities. Prices in the area have risen steadily over the years, approximately 9.6% in 2006 and this is set to continue as the demand for property in Lyon increases. Designed in a contemporary architectural style, this Residence will offer 75, studio and one bedroom apartments specially designed for the tenant?s comfort; some apartments even feature a terrace, providing additional space. The development is ideally located in the heart of an area of large business and university centres, a short walking distance of Lyon 3 University and 15 seconds from the tramway and metro, where residents can reach the historical downtown area in just 5 minutes. Accommodations features quality finishes and services in terms of both comfort and energy savings (double-glazed windows, sliding shutters, roller shutters, etc.). The residence will also offer a lobby, laundry room and breakfast area. The apartments are being sold with an 11 year renewable leaseback contract to be held with an established management company. An excellent commercial lease that guarantees a net yield of 4.56% to the investors. Ex:regular repairs and maintenance costs of the units are at the charge of the management company as well as furniture renewal. Prices range from 72 365 Euros ex VAT to 142 015 Euros ex VAT and purchasers can chose to have the VAT advanced by the developer if desired. The apartments are designed to cater for students and range in size from 18 m2 to 34 m2. Delivery is to take place 1st September 2008. Access : By plane : Lyon Saint Exupéry Airport - By train : Lyon Part Dieu TGV Station (4 stops by tram and 3 stops by metro) and Lyon Perrache TGV Station (6 stops by tram) Paris / Lyon in 1h55 - Montpellier / Lyon in 1h45 - Marseille / Lyon in 1h40 By road : Many motorways A6, A7, A42, A43, A47 and A48 Genève (1h30) - Clermont-Ferrand ( 2h15) - Marseille (3h) - Paris (4h) - Nice (4h30) Lyon : Population : 1,5 million inhabitants - Second largest city in France - Second student population in France