Cabourg (Calvados) - LES BALCONS DE CABOURG |
From 95,000€ |
Type: studio to three bedroom duplex apartments
Projected delivery date: 4th quarter 2009
Lease length: 9 years
Yield: 4.5 % without occupancy
Price: 95 000 to 210 000 euros
Prices include parking and furnishings, exclude VAT
Personal occupancy: Flexible options: reduced yield or 20% discount
Nearest airport: Caen (25 km)
Nearest ferry port: Ouistreham, Le Havre
Additional features: Indoor heated swimming pool – balconies and terraces – underground and exterior parking – children’s playground and club – laundry – housekeeping – wifi access.
The property:
Close to shops, local amenities and beaches and within easy access of several golf courses and the horse-racing track, ‘Les Balcons de Cabourg’ will offer 77 very well-appointed apartments. The residence will be composed of 5 small three-storey buildings, dotted around a landscaped garden surrounded by a partly restored dry stone wall and designed in the traditional Norman style, with an indoor heated swimming pool.
The apartments will be fully fitted and equipped, with balconies, terraces or private gardens, double-glazing and individual electric heating.
The studios will be priced from 95 000 euros, the 1 bed apartments from 119 790 euros and the 2 bed from 156 332 euros (excluding VAT).
Cabourg has kept the style and charm of the ‘Belle Epoque’ era and offers an exceptional range of sports and leisure activities.
The management company, Odalys (Nbr
- A 4.5% net yield with no personal occupancy and the possibility of benefiting from a 10% discount on the public prices in all the Odalys properties (over
- A 2% min guaranteed rental income plus a share of any additional earnings when you do not use your property: with this tailor-made ‘a la carte’ contract you can use your property for up to 6 months per annum.
- A ‘cash-back’ investment option: instead of receiving a regular rental income over 9 years, the 9 years worth of rent is reimbursed along with the VAT, representing a 30% cash-back on the price of the acquisition, while offering the same advantages as a traditional leaseback contract. This option also includes 8 weeks of personal use,
The location:
Cabourg is a charming resort on the coast of Calavados, where attractive 19th century buildings line the long sandy beach front. 20 km from the stylish and historic resort of Deauville, about 20 kms from the Ouistreham (Caen) ferry port and 30 kms from Caen Carpiquet airport, this tourism residence is located only 2 hours from Paris.
The picture postcard seaside resorts of Cabourg, Honfleur, Deauville and Trouville in the Calvados are enchanting and buzz with activities all year round.
Normandy’s coastline stretches 600 km, from the chalk cliffs of the Côte d’Albâtre to the Mont Saint Michel Abbey. The region is steeped in history tied to the successive foreign invasions and numerous historic battles that took place on its territory. Chic seaside resorts, fascinating historic cities, extraordinary Norman Romanesque abbeys, deep rural countryside, delicious local produce, all contribute to making Normandy one of the most enchanting areas in France.
The department of Calvados stretches from Honfleur in the east to Isigny-sur-Mer in the west and is famed for its rich pastures and farm products: butter, cheese, cider and apple brandy named Calvados. The D-Day beaches extend along almost the entire coast of Calvados.
The picturesque and incredibly romantic harbour town of Honfleur (population 8 500), situated on the southern shores of the estuary of the River Seine opposite Le Havre, recalls a time when fishermen, pirates and explorers set sail to seek their fortunes over the seas. It has long been popular with Parisian weekenders, who flock to the pretty town to enjoy its exceptional choice of good restaurants and sandy beaches.
About 15 km southwest of Honfleur lies the chic seaside resort of Deauville, sometimes known as the 21st arrondissement of Paris. A playground for the rich and famous, it is reputed for its casino, racetrack, designer boutiques, gastronomic restaurants and the Promenade des Planches, a 500 m long stretch lined with private swimming huts.
Our opinion:
Cabourg, queen of the “Coast of flowers”, is really much more than a traditional seaside resort; it is also a symbol of elegance, quality of life and a trendsetter in the art of living "a la francaise". Marcel Proust immortalised Cabourg in his book “Within a Budding Grove”, which he wrote looking out over the sea from his room at the Grand Hotel.
Miles of sandy beaches, the famous beachfront Casino, horse races, a golf course designed by Lane Jackson… combine to guarantee a perfect holiday home coupled with a sound investment.