Castries (Herault) - LE MAS DES CIGALES |
From 135,870€ |
Type: townhouses
Number of bedrooms: 1 and 2
Living area: 46 m² to 53 m²
Projected delivery date: Delivered July 2008
Lease length: 10 years
Price: 135 870 EUR to 159 280 EUR excluding VAT
1 bedroom from: 135 870 EUR
2 bedrooms from: 146 000 EUR
Yield: 5% without personal occupancy or 1.5% inder the light leaseback arrangement. Owners will be able to benefit from the advantageous "Nomad offer" allowing them to occupy their property or any other in the management company's catalogue for between 50 and 100 EUR per week, outside of July and August.Please ask us for more details.
Personal use: Nomad offer and up to 6 months occupancy per annum under the light leaseback arrangement.
Additional facilities: large pool, private garden and parking
Nearest airports: Montpellier (19 km) Nîmes (51 km) Marseille ( 135 km) Carcassonne (172 km)
The property:
This 3-star hamlet-style residence is located on the edge of the small town of Castries and surrounded by a garrigue of Mediterranean shrubs and essences and a pine and olive tree forest. In this peaceful (except for the cicadas!) and totally unspoiled environment, there are a total of 54 one and two bedroom village houses, with living areas ranging from 46 m² to 53 m².
The estate offers a wide array of hotel services, a large enclosed swimming pool, a secured entrance gate, a video system connected to the reception and plenty of open spaces. Each unit will have its own garden and parking space.
All the houses are built in a typical Provençal architecture, decorated in the local style in warm hues of pink and red and come with fully fitted kitchens and bathrooms.
The last units are being sold with a very attractive yield of 5% as the property is only just opened and completely booked until September.
You can also purchase this property as a light leaseback (Quasi Hotelier), with several months of occupation possible throughout the year. Please contact us to find out more about this option. This is a very attractive alternative for those wishing to spend longer periods of time in their property.
Location:
On the border of the ancient Roman Domitienne highway, the medieval village of Castries, on top of a hill and surrounded by the aqueduct, is really very picturesque with its XVIIth century castle and its gardens designed by Le Notre (who is famous for the splendid gardens at Versailles). The Château is listed as the Versailles du Languedoc. This village, which counts 5200 inhabitants, has a rich cultural and historical past with many Roman and medieval remains. The area offers a rare quality of life with numerous year-round activities and events, local markets, concerts, restaurants, exhibitions… all under the legendary Languedoc sunshine.
Montpellier, one of the most popular cities in southern France, is a 10 minute drive (13 km), sandy beaches are at 20 minutes (25 km), the international golf course of Massane and La Grande Motte casino are also a few minutes away from the residence.
Montpellier airport is about 15 minutes from the estate, with good international flights, Nîmes airport is at 40 minutes and has low cost flights to and from several UK destinations, and Carcassonne airport, just under two hours away, has flights to and from Dublin.
Our opinion:
Le Mas des Cigales in Castries, so close to the two very dynamic cities of Montpellier and Nîmes, nevertheless offers the privilege of an estate nestled in a preserved natural environment. This residence is situated in a fast-growing area where capital appreciation is well above average.
Summary
Living area: 46 m² to 53 m²
Bedrooms: 1 to 2
Projected delivery date: 1st quarter 2008
Lease length: 10 years
Return on investment: 5%
Personal use: Flexible options
Price range: 135 870 € to 159 281 €