Biarritz ( Pyrenees Atlantiques ) LES PATIOS EUGENIE

From 138,528€

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Town: Biarritz
Region: Basque coast
Department: Pyrénées Atlantiques
Type: Studio, one, two and three bedroom apartments, some duplex and with an alcove offering an extra sleeping area for two.
Prices:
Studio (22 m²): 138 528 € including furnishings and underground parking, excluding VAT.
Apartments:
1 bedroom (35 m² – 45 m²): Prices range from 290 000 € to 367 000 €, including furnishings and underground parking, excluding VAT.
2 bedrooms: 59 m² to 86 m²: Prices range from 434 000 € to 622 365 € including furnishings and underground parking, excluding VAT.
3 bedrooms: 81 m² - 120 m²: Prices range from 611 000 € to 833 000 €
Projected delivery date: June 2012
Lease length: 9 years
Yield: 3.05% with 4 weeks occupancy, 2 in low-season and 2 in mid-season. Rental income paid quaterly in arrears.
Nearest airports: Biarritz – San Sebastian, Spain (15 km).
Additional features: Heated outdoor swimming pool, private garden, children’s lagoon and whirlpools, a SPA , beauty and hydrotherapy centre.

The property:
Part of the reputed “Lagrange Prestige” range, this luxury development consisting of large 1-3 bedroom apartments will be located in central Biarritz, just 400 m from La Grange Plage, Biarritz’s renowned long sandy beach. Surrounded by shops and restaurants, the residence is located in the busy residential area of the city. Originally a hotel, the existing building with its listed façade is being renovated and built upon to create this new luxury holiday haven in the Basque coast’s most glittering resort.
The properties will be furnished and fitted to a very high standard and will offer very generous living areas, which is unusual for leaseback properties.

The location:
The Basque country designates the area around the western foothills of the Pyrenean Mountains as they slope down into the Bay of Biscay and the Altantic Ocean. The area, which straddles France and Spain, is fiercely independent and a land apart from the nation-states to which it belongs. The traditional architecture, original cuisine and local drinks (there is even a Basque Coca-Cola!), the “frontons” in every village square where you will be able to enjoy a game of “Pelote Basque” - a most unusual game - the glamorous resort of Biarritz, the picturesque fishing harbour of Saint Jean de Luz and the more tranquil mountain villages all combine to create totally unique atmosphere. Not to forget the Basque people’s love of festivities as every village organises many traditional events, the most famous of which are “Les Fetes de Bayonne” that take place over several days every year in August.

The Basque country is a world capital of surfing, boasts several world-class golf courses including the reputed “Golf de Biarritz le Phare”, a pleasant climate all year round and an exceptionally beautiful and well-preserved environment coupled with a rich and diverse local history connected to the Basque culture, make this wonderful region one of the most upmarket and sought after destinations for visitors and part-time residents. Property prices here are comparable to those on the French Riviera or Paris, but the area does not have the same built-up feel, probably due to the wide open expanses offered by the mountain scenery, long sandy beaches and open ocean views.

Our opinion:
An upmarket destination and one of the most sought after areas in France, the Basque coast has a lot to offer. This property is an excellent long-term investment presenting the added benefit of being able to use this and other resorts operated by Lagrange in France’s most lovely regions.

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