- Property For Sale
Why Invest in La Foret d'Armotte?
Apart from the obvious lifestyle benefits of owning a property in this luxury residence this really stacks up as a solid, no-hassle, profitable investment. FRANCE IS A SECURE ECONOMY & POLITICALLY STABLE:
• It is the 2nd largest economy in Europe and the 5th largest in the world with a GDP of $2.61 trillion in 2012
• The buying process is known to be the safest in the world
• It is a low risk place to invest due to its secure legal system and stable political system
• The property market doesn’t tend to suffer booms & busts due to the strict lending criteria of French banks
The residence is located on the edge of the pretty village of St Augustin-sur-mer in South West France situated between the fabulous towns of La Rochelle and Bordeaux and the islands of Ile de Re and Ile d'Oleron are a short drive away and the seaside resorts of Royan and St Palais are 8km and 4km away respectively. 3 international airports are between 45 mins and 2hrs drive away. Access is easy with a TGV station at La Rochelle, a train station at Royan, regular bus routes to St Augustin while La Rochelle airport is under an hour away and Bordeaux just an hour and a half away. La Forêt d’Armotte is perfectly located on the edge of a forest, a few minutes to the beach and golf courses and 500m from the village centre of Saint-Augustin-Sur-Mer.
La Foret d'Armotte is a luxury health & spa resort. The development comprises 20 stylish 4 bed, 4 bath detached villas each with their own private parking places, garden, pool, jacuzzi and terrace. Both the interior and exterior of the properties combine the best of classic architecture with contemporary design and are finished to the highest specifications. They come complete with fitted and equipped kitchens and a full furniture and equipment package so that they are ready to rent out or use immediately with the minimum of fuss for the purchasers. The SPA resort itself comprises a tennis court, petanque area, recreational area and reception to rent your property out for you (if you wish), provide cleaing and linen change services and generally be on hand to help those staying at the residence. The resort will be open all year round and will attract a good mix of international and French holiday makers.
Options for purchasers at La Forêt d’Armotte:
1. Holiday Lets:
A rental management agreement is signed and a 65/35 share of the rental income on the property is paid to the owner (65% for the owner and 35% for the management company). Based on current weekly rental prices owners can expect a NET rent after agency commission and running costs of 7.1% per annum (based on 18 weeks per year being rented out). In this case the property qualifies for a VAT rebate of 20%.
2. Long term rental:
Rent your villa out on a long term basis to people wishing to live in the villa permanently. These are usually 3 year rolling contracts but can be modified to suit both parties.
3. Classic purchase:
No management contract signed and the owner can come and go as he/she wishes.
The management company will be Odalys; the 2nd largest management company in France with an annual turnover of 212m Euros (7.9m Euros profit) in 2012. Odalys manages 328 residences across Europe (115,000 beds) and had 2.2 million clients in 2012.