French Leasebacks
New Provence luxury hotel leasebacks offer 4% yield, reports Frenchleasebacks.co.uk
French property specialists Frenchleasebacks.co.uk are marketing a new 4 star luxury hotel development in Les Gordes, Luberon, the heart of Provence. Offering a range of properties to suit budgets from €205,000 up to €700,000, buyers can choose between studios, apartments and nine exclusive villas.
As with many leaseback developments, this project offers an opportunity for investors to choose between a pure investment or a mix of extended own use as a holiday home, with rental income earned during the rest of the year. A VAT refund of 19.6%is also available.
All properties have either large terraces or access to gardens, with villas having their own private gardens. Located in the Gordes hills and overlooking the Calavon valley, the Domaine de l’Enclos lies in an area steeped in history, close to the Sénanque Abbey.
All buildings have been styled to reflect the traditional architectural character of the region, yet are built to the highest energy efficient standards in France. The Domaine de l’Enclos is a certified 4 Star French Résidence de Tourisme, so buyers are entitled to rent the property year-round through the appointed operating company, generate profits from their investment, receive lease secured rentals, avoid almost all property charges (all except the hotel service staff in the case of personal holidays spent in the property) and recover value added taxes (VAT) of 19.6%. Investors will also benefit from the builder’s legal guarantees.
The development lies in the heart of Provence, just 25 miles from Avignon high speed TGV train station and is also served also via Avignon and Marseilles airports.
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