IN ANTIQUITY it was appreciated by the Romans, now it's a hotbed for property investors, and Irish buyers seeking a dream property in Le Galoubet, a complex of 112 detached low-rise properties, is a sale and leaseback residence overlooking the charming French village of Sollies Toucas located on the grassy banks of the Gapeau River.
Each property easily sleeps six with two bedrooms, a living room, kitchen, toilet, shower room and large outdoor covered terrace that fronts onto 100-year-old olive trees. "This property would especially appeal to investors who are looking for medium to longterm investment, " says Michelle Prunty, general manager, Prunty's Overseas Properties. "It's initially a nine year lease option which can be renewed after a three year break. In 20 years, a property like this will pay for itself."
Houses cost from 110,000 exclusive of 19.6% of the price, and as a condition of the sale and leaseback scheme this is refunded to the purchaser by the French government about six months after completion of the property (about 21,500).
Prunty's maintain that in the initial nine years investors would reap 50,000 return.
The property is completely managed and ongoing costs are included in the price. On site facilities include a large outdoor pool, children's pool and play area, games room, and a well-being centre with sauna and Jacuzzi.
Le Galoubet is situated only 45 minutes from Saint Tropez where there are direct flights from Dublin and Cork.
These properties will be exhibited today, 11am to 6pm in the Burlington Hotel, Dublin and Silver Springs Hotel, Cork.
Further information, contact 01 498 3733; www. pruntys. com
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