St Aygulf (Var) - DOMAINE DES EUCALYPTUS |
From 170,000€ |
Resale leaseback property - Between Cannes and Saint Tropez, only 15 minutes' walk to the beach and to the centre of the small village of Saint Aygulf, the Domaine des Eucalyptus is nestled in a 2 hectare park of full-grown eucalyptus, mimosa and pine trees in one of the Mediterranean coast’s most incomparably beautiful and well-preserved areas, the Var.
Sandwiched between a nature reserve and the coast to the north-east and the dense pine forest of the Massif de l’Esterel to the west, with the Roquebrune sur Argens golf course and Côtes de Provence vineyards just around the corner, this small development consists of 28 villas divided into 60 one to three bedroom apartments. A one bedroom apartment with a large terrace is for sale, priced at 170 000 EUR (negotiable) and yielding a return of 3.10% with either 3 or 8 weeks’ use per annum.
The gardens have been skilfully landscaped and planted with a profusion of trees and local essences; ancient olive trees, oleander, lavender, jasmine, honeysuckle, iris, rosemary, to name just a few… In a few years' time, it will all look wonderful.
There is a very large lagoon-shaped mosaic swimming pool in a secluded area of the grounds with a pool house.
The Domaine des Eucalyptus is closed to cars and has footpaths leading to and from the pool. All the typical local hues of terra cotta and pink have been used for decoration, and the Provencal style villas with roman tiled roofs blend in very nicely with the environment. Each apartment has private underground parking as well as a reserved space in the outdoor parking lot. Ground floor apartments have their own terrace and garden while first floor units have a large balcony. Garden and terrace furniture are provided.
The apartments are furnished in a comfortable, simple Mediterranean style and the kitchens are fully equipped with all mod cons. The bathrooms are very nicely tiled in antique Roman style.
Options for personal use are particularly attractive since owners may choose between two options:
1 - Three weeks: one in summer, one at Easter and one anytime between the 1st of October and the 1st of April.
2 - Eight weeks, anytime between the 1st of October and the 1st of April.
It will be possible to switch from option 1 to option 2 whenever you like, which is useful for people thinking of spending more time in their property in the future.
The property was completed in June 2006.
The area
The Var region possesses one of the most strikingly beautiful and well-preserved stretches of the Mediterranean coast. Here, the glimmering sea meets the deep red rocks of the Esterel to produce a truly magical effect, whatever the time of year. Long sandy beaches lead to secluded coves and a short excursion into the hills will take you through the vineyards to picturesque mountain villages and further to the local ski resorts of Valberg, Auron and Isola 2000, barely 2 hours drive away.
The small fishing village turned holiday resort of Saint Aygulf, popular for its daily market, is a short distance from the Domaine des Eucalyptus and can be reached by bus or on foot. The ancient Greek and Roman city of Fréjus is 6 km from the property and a short bus ride. Here you will find a wide choice of restaurants, pavement cafés, shops and many buildings of historical interest including a Roman arena that now houses concerts and cultural events under the stars throughout the long summer months. Saint Raphael (10 km) is a glamorous and lively resort with many hotels and boutiques and is the starting point for excursions to the nearby Levant islands (Porquerolles, Port Cros and Levant).
The area is also a paradise for hikers and ramblers; the nature reserves of the Esterel, les Gorges du Verdon and the Iles du Levant provide countless opportunities for walkers of all levels.
Distances: Saint Tropez 30 km, Cannes 43 km, Nice 79 km, Antibes-Juan-les-Pins 57 km, Fréjus 6km.
Access: Nice airport is 45 minutes' drive and the TGV from Paris (5 hours) comes into the station at Saint Raphael.
Our opinion:
This is a genuine opportunity to invest on the French Riviera in a property that is ideally situated in an area where planning permission is becoming increasingly difficult to obtain. Prices are also very attractive for the area.
Because the property is already delivered you will be able to see for yourself and it won’t be necessary to defer mortgage repayments. This is also perfect for investors with cash to invest, since rental income will be payable immediately.