Saint Louis (Haut-Rhin) - RESIDENCE ST LOUIS |
From 74,000€ |
Type: Studios and one bedroom apartments, some with terrace.
Living area: 17 - 25 m² (studios) 29-36 m² (one bedroom)
Projected delivery date: 4th quarter 2009
Lease length: 9 years
Yield: 4.58 – 4.64 %
Price:
Studios: 74 000 EUR to 94 000 EUR including furnishings
One bedroom: 122 000 EUR to 139 500 EUR including furnishings
Additional features: Indoor swimming pool, laundry, breakfast service. The development is part of a larger residential complex in attractively designed grounds.
Nearest airport: Basel - Mulhouse 8 km (90 direct international destinations)
Nearest train station: Saint Louis with regular connections to Strasbourg, Mulhouse, Colmar and five trains daily to Paris.
The property:
Less than 10 minutes by tram to the centre of Basel in Switzerland, this attractive leaseback residence will be located in the north-eastern district of Saint Louis (92 Avenue de Bale) and will be part of a larger residential complex within close proximity of a public garden, public transport, shops and schools and the future Novartis Campus (Research and Development centre for the pharmaceutical industry).
There will be a total of 101 studio and one bedroom apartments, some with terraces. Apartments will be fully furnished and fitted and facilities will include an indoor swimming pool, laundry, cleaning and breakfast service.
The location:
Saint Louis is the French member of the tri-national Basel “Eurodistrict”, which includes Lörrach in Germany and Basel in Switzerland (6 km). It is a small frontier town (just over 20 000 inhabitants) with a population that is now younger than the national average due to the high number of employment opportunities. The international pharmaceutical and chemical industries are well represented in the area and the future “Novartis campus” (a few minutes from the property) is designed to welcome international teams of researchers for the development of new medical technologies. Saint Louis is also a hub of economic activity in the fields of industrial technology and engineering.
Alsace as a region has many hidden treasures and benefits from the wealth created in neighbouring Switzerland and Germany. In June 2007 a new TGV East line (express train) opened, with 5 trains daily from Paris in just over two hours, connecting Paris to Frankfurt, Munich and Zurich and the rest of Eastern Europe.
Our opinion:
This development is strategically located on an up-and-coming economic artery. France’s number one developer, together with a high-level of rental indexation from a strong nationwide management company, guarantee the long term success of this exceptional investment opportunity.
Summary:
Living area: 19 m² to 35 m²
Bedrooms: Studio and one bedroom
Projected delivery date: 4th quarter 2009
Lease length: 9 years
Return on investment: 4.59 - 4.64%
Personal use: None
Price range: 73 836 € to 138 375 €