Deal overview:

• Prices from approx. £69,965.00GBP net
• Instant equity of 16.4%
• 9 year index linked rental guarantee
• Full furniture package included
• Completion 1st quarter 2009
• Low entry levels at 8.5% own investment 

Overview

Résidaffaires La Poste is a very well located leaseback refurbishment development, 2 minutes walk from the banks of the Garonne and less than 2km from ‘Place Capitole’ – Toulouse city centre landmark.

The development will comprise of 90 fully fitted & furnished studio & 1-bed apartments, supported by a 9-year guaranteed rent by one of France’s leading management company’s.

Toulouse itself is a very important city in the context of the French economy (3rd), and has the fastest growing population in Europe. It is probably best known for being France’s aeronautics capital and most famously as being the home of ‘Airbus’.

Renowned for it pleasant & easy way of life, Toulouse is a city to satisfy all tastes. Enthusiasts of the arts can view stage performances of classical, lyrical art, jazz, variety and electro-acoustic music at the variety of concert halls on offer. Sports fans have plenty to occupy their time, particularly rugby followers as Toulouse is regarded as the rugby capital of France. For those keen on shopping, all the major international renowned brands in fashion, design, leather goods and jewellery are represented in the city.

The city also has many open-air and covered markets. Here you’ll find local products from the Midi-Pyrenees (one of the South-West’s most important gastronomic regions) – including their famous local wine, foie gras, cheeses & cassoulet – the famous Toulousain bean stew dish.

The city boasts a huge student population with over 120,000 students attending the various universities & 3rd level colleges with the University de Toulouse being among one of the oldest universities in Europe (founded 1229).

As this development qualifies for Leaseback status all investors will benefit from a 19.6% lump sum VAT refund on the purchase price as well as the generous ongoing tax allowances also provided under this scheme. Please note that in this particular development the developer is to pay the VAT upfront on the investors behalf and will then reclaim following its completion. This means that the investor is only required to finance the net purchase price of the property.