Le Galoubet, Cote D'Azur,France

Ref: 60104

Type: Chalet

Location: Cote d'Azur, Cote d'Azur, France

Price: 105000 EUR (105000 EUR)

Size From: 51,74 m2

2 bedrooms, 1 bathroom

leaseback

Pool
Garage
Terrace
Furnished
Air Conditioning

Distance to airport: Nice Airport 1h 15min

Images

Guaranteed Rent

A 9 year lease commencing at 5% net return on the purchase price.

Mortgages

Mortgages available of up to 100% of the net price (subject to terms and conditions).

Development

Le Galoubet is a unique property investment boasting a superb prestigious location on Cote D'Azur, France. Located just 45 minutes from Marseille Airport, 1 hour 15 minutes from Nice Airport, just minutes from the beach and with a 9 year lease commencing at 5% net return on the purchase price, these 2 bedroom fully furnished chalets are exceptionally priced at just €105,000 ex vat ( vat is refundable). The sites are on a sloping hill so that each house can take full advantage of the beautiful views of the village and surrounding mountains.

What Le Galoubet offers you

2 bedrooms, living room/kitchen, toilet, shower room and large terrace

Fully furnished interior

Fully fitted kitchen with appliances

Terrace furniture

Double glazed windows

Heating

Air-conditioning / hot and cold

Outdoor Activities:

Sailing, waterskiing, swimming, scuba diving, windsurfing, catamaran, paragliding, boat trips, golfing, excursions, cycling, skiing, hiking and mountain biking

Location

The Provence-Cote D'Azur region represents the epitome of the art of living in Southern France and has always lured foreign travellers and artists, attracted by its countryside and mild climate. The Cote D'Azur runs along the Mediterranean coast from Toulon to Nice and towards the Italian Border and includes the Var and Alpes Maritimes districts. The Cote D'Azur is reputed for its special quality of life, its deep blue sea and romantic coastline.
The Cote D'Azur is the perfect destination for any golfer who likes to swing with the Mediterranean as a backdrop. Of the region's many golf courses, designed by internationally renowned names, there is always a choice of course to play throughout the year.
It only takes one and a half hours to drive from Nice and Le Galoubet is just 2 hours drive from 15 ski resorts in the French Alped D'Azur. They nestle in the Mercantour and Cheiron massifs the southernmost mountains in the Alpes du Sud range.
La Galoubet is situated overlooking the village of Sollies-Toucas. Sollies-Toucas is charming French village situated on the green banks of the Gapeau River, among the Massifs des |Maures Mountains. Its old winding streets lead you up to the village squares shaded by century old trees. As you walk about you cannot miss the square clock tower where there is an obscure inscription to be deciphered. It refers to the temple dedicated to the sun by the Romans.

About France

France officially the French Republic (French: République française) is a country whose metropolitan territory is located in Western Europe and that also comprises various overseas islands and territories located in other continents. Metropolitan France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean. French people often refer to Metropolitan France as L'Hexagone (The "Hexagon") because of the geometric shape of its territory.

France is bordered by Belgium, Luxembourg, Germany, Switzerland, Italy, Monaco, Andorra, and Spain. In some of its overseas departments, France also shares land borders with Brazil, Suriname, and the Netherlands Antilles. France is also linked to the United Kingdom via the Channel Tunnel, which passes underneath the English Channel.

The French Republic is a democracy that is organised as a unitary semi-presidential republic. It is a developed country with the sixth-largest economy in the world. Its main ideals are expressed in the Declaration of the Rights of Man and of the Citizen. France is one of the founding members of the European Union, and has the largest land area of all members. France is also a founding member of the United Nations, and a member of the Francophonie, the G8, and the Latin Union. It is one of the five permanent members of the United Nations Security Council wielding veto power, and it is also an acknowledged nuclear power. It is considered as one of the post World War II great powers. France is the most popular international tourist destination in the world, receiving over 75 million foreign tourists annually.

The name France originates from the Franks, a Germanic tribe that occupied the northern Europe after the fall of the Western Roman Empire. More precisely, the region around Paris, called Île-de-France, was the original French royal demesne.

A Guide to Buying Property in France

Step 1
Once you have chosen your property you will need to sign a reservation or booking form. This form reserves the property for you until you have signed your reservation contract ("Compromis de Vente").

N.B.
1)Before you make any payment it is important to find out if this deposit is refundable should you not proceed with the purchase.
2) If you are taking out a mortgage on this property you should start this process now or as soon as possible.
3) You will also need to instruct a lawyer to act on your behalf. We have a list of recommended lawyers to help you with this.

Step 2
You will be issued with a reservation contract, "Compromis de Vente". This binds the buyer and seller subject to obtaining a loan*. Usually you will be required to pay a 5% deposit to the Notaire at this stage. There follows a 7-day cooling off period. In this you will also be notified of the time frame by which time you should return the signed contract to the developer/agent. N.B. It is important to immediately pass your reservation contract to your lawyer to review.

If you are entering a "guaranteed rental" scheme or a "leaseback scheme" with a developer you will most likely receive an additional rental agreement for your signature. Make sure to have this checked by your lawyer before signing.

*If you are obtaining a mortgage for the purchase of the property you must include this in the reservation contract. The contract should then provide for you to withdraw from the purchase should you not obtain the necessary funding. This is known as a "clause suspensive"

This contract will also outline the stages at which the next payments are due and when you will be required to pay the final amount and sign the final deed of purchase"Acte de Vente". The mortgage deed must be notarised at the same time as the final purchase deed

When you return the signed reservation contract to the developer, together with the deposit requested, they will countersign this contract and return it to you.

Step 3
You will receive your final contract "Acte de Vente". Time frame for signing is approx 2-3 months. This must be done in front of a public notary in France, who oversees that the final transfer of the property into your name is done within the laws of France. You can attend this closing personally, or alternatively can sign a Power of Attorney to your lawyer to represent you at the closing and sign on your behalf. Alternatively you can sign at the French Embassy (your lawyer should be able to advise you on this).

Closing Costs France

New off plan property - (not including lawyers/notary fees): 2.7-3%
Usual payment schedule: 5%, 25%, 8 separate smaller payments max 15% at any one time

Leaseback
4.5% not including furniture

Resale property
8%

What your lawyer should do

Your lawyer will check your contract for compliance with the laws of the country you are purchasing in.

Your lawyer should:
A) Review of preliminary contract to ensure compliance with laws of relevant Dubai jurisdiction
B) Carry out due diligence on the developer of the property to check planning permissions, land registry, building permits licences etc.
C) Undertaking negotiations with developer on any issues which need to be changed or included.
D) Report on the contract as a whole highlighting any clauses included which you might want to negotiate, and any clauses which are missing which should be included to provide you with further comfort
E) It is of utmost importance for your lawyer to ensure all land registration deeds and title deeds over the property are fully checked, and also that the land on which the property has been built has been designated as allowable for foreign ownership.