Toulouse (Haute-Garonne) - SAINT CYPRIEN |
From 96,000€ |
Number of bedrooms: studio and one bedroom
Living areas:
Studio: 19 m² to 28 m²
One bedroom: 32 m²
Projected delivery date: 2nd quarter 2009
Lease length: 9 years
Yield: 4.45 % – 4.55% to include furnishings
Price:
Studios: 96 000 EUR to 137 000 EUR
One bedroom: 142 000 EUR to 146 000 EUR
Prices excluding VAT including furnishings
Personal occupancy: none
Additional features: Air conditioning throughout, managed reception, wifi reception, business centre, laundry and cleaning facilities, breakfast room.
Nearest airport: Toulouse
The property:
A business residence of contemporary design, in keeping with the local architectural tradition, situated in the centre of Toulouse, next to the Saint Cyprien metro station. The residence will consist of 90 studio and one bedroom fully furnished and fitted apartments, with internet access. Facilities will include a breakfast room, as well as a business centre and meeting room.
The location:
Toulouse, which is known as the Ville Rose ("Pink City") for its distinctive brick architecture, is the fourth largest city in France, after Paris, Marseille and Lyon.
The main industries are aeronautics, space, electronics, information technology and biotechnology. Toulouse has the second-largest student population in France after Paris (over 100 000!) and in 2006 Toulouse ranked as the third most dynamic city in France.
Fuelled by booming aerospace and high-tech industries, with a record yearly population growth of 2.2% in the 2000s (compared to 0.58% for metropolitan France), Toulouse hit the one million inhabitants mark in 2003 and is the fastest growing metropolitan area in Europe.
Toulouse is the capital of the Midi-Pyrénées region and the préfecture (capital) of the Haute-Garonne department. It is a buzzing city, home to a rich and diverse culture and reputed for its friendly atmosphere and lively bar and cafe scene.
Our opinion:
For those seeking to invest in a major French city, this is a quality property with excellent long-term letting potential and a sound investment secured by a leading, nationwide management company.