About the property

This smart complex, situated at the heart of Mandelieu and ideal for business tourism offers a 1 bedroom apartment and comes with a swimming pool, pontoon, office services and a relaxation area. Property type : New build Leaseback Apartments Address Mandelieu Accommodation 1 bedroom Prices €411K Size 47.7 sqm Deposit 5% to Notary Delivery date 4Q2010 Yield: Up to 4.5% Sales office Yes The development: Set by the Siagne River, this new development is on the banks of the bay of Cannes, a high end tourism area not far from the city centre, transport links and beaches. The residence has a swimming pool and pontoon, enabling an exceptional lifestyle composed of water, greenery, space and quiet. The 1 bed apartment meets quality, comfort and environmental standards in order to sustainably increase the value of your property. It offers an entirely equipped kitchenette and bathroom as well as underground and aerial parking. Services on offer include full breakfast, apartment cleaning, provision of household linen, a relaxation and reception lounge, self service laundry facilities and office services (computer room, WIFI, TV LCD).The location: Mandelieu-la-Napoule, located close to Cannes, boasts all the sun-drenched landscapes of the French Riviera- the sea, mimosa forests, golf courses and marinas. Mandelieu is also a hub of cutting edge technology, includes a space centre, leading industrial companies and constructors, and aeroplanes, private jets and helicopters. With its six marinas Mandelieu has the largest port capacity on the French Riviera and has over 100 nautical businesses. Finally, six business parks constitute the town’s economic hub (Sophia-Antipolis technopole employs 27300 people). The Cote d’Azur is of course the number one destination for French tourists and the second for foreign tourists. Mandelieu, the mimosa capital, is the perfect showcase for the gentle Mediterranean way of life, close to the mountains, beaches and the famous Ile Sainte Marguerite. Activities:The town boasts numerous leisure facilities- sandy beaches, golf courses, tennis courts, sailing and a rowing lake. The Italian border is just a few minutes away, opening up endless travel opportunities. Local food and gastronomy: Fresh local produce include olives, olive oil, garlic, fresh fruit and vegetables and seafood. Dishes associated with Provence are bouillabaisse (fish stew), ratatouille (vegetable stew), socca (chick-pea pancakes) and courgette flower fritters.Financing:We have our own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, we can get the right mortgage for you.The management company:The company is the leader in furnished urban business residences located at the heart of towns and cities. It has 60 residences to its name in 2010 and 140 on the horizon for 2015, meaning so far around 7 000 apartments, all decorated to a high standard and benefitting from hotel services, for either business or leisure visits lasting from several days to several months. The occupancy rate is currently at 80%, with over 150 000 stays a year. The company offers a response to businesses and firms increasing need to lodge employees on business trips as well as the demand from individuals keen to partake in urban tourism.The investment scheme:Your property is in a classified tourism residence and will be managed by a tourism management specialist.You will benefit from a commercial lease over a period of 11 and a half consecutive years and renewable. Rents are secure and guaranteed by the management company for 23 years minimum.The buyer will get the VAT back.Access:By car: A8 motorway, Olivet district.By train: From Mandelieu you can get the TER (regional train) to Nice (50mins) from where you can connect with TGVs to Paris and other French and Italian cities. You can reach Marseille by going via Cannes and also reach Paris that way too (5h 10min).By plane: For private flights, the residence is 5 minutes from Cannes-Mandelieu Airport. Nice Cote d’Azur International Airport is 25 minutes away with low cost flights to the UK and other European destinations.