Full Description

OUTRIGHT OR LEASEBACK

The dynamic small town of Sierentz has all the shops and public services essential for family living. The residence has been created using environment-friendly materials and building techniques.

Wood, sunlight, natural colors and rainwater recovery systems all contribute to creating a feeling of wellbeing and a new way of living. The apartments range from 1 to 4 bedrooms with garage and exterior parking. There are private gardens. Price: from € 119,400 to € 288,000 incl.VAT.

Type: 1 to 4 bedroom apartments.

Yield: up to 4.65%

Personal usage: Possible after 6 years

Lease Length: 9 years

Delivery Date: 4th term 2008 NEW ON THE MARKET!

The Pro’s

• Flexible commercial lease with breaking point after year 6, • No need to buy the furniture, • Possibility to break the lease and move into the property after 6 years • Council Tax and service charge paid by the tenant after the first two years • No property tax for the first two years • Property entirely managed and looked after • Reduced notary fees

The Con’s:

No personal usage allowed for the full length of the lease, unless you break the lease The Cost: 10% of rental income paid to the management company Land tax (€7 per sqm per annum)