Antibes, located between Nice and Cannes on the French Riviera, is regarded as one of the most fashionable resorts on the Mediterranean coast, yet there is something for everyone in terms of investment.

Residence Cap Affaires, located just outside Antibes, is a new development of 117 up-market, furnished apartments, spread over four floors. On the market through the favoured French way of a lease-back scheme, these properties offer a rental yield of up to 5% per annum.

Furnished studios (from 23m to 28 m) start at Euro160,000 (including VAT and notaire fees); furnished one-bed units (from 33m to 39m) start from Euro225,000. Buyers receive a VAT rebate of 19.6% after completion of the sale. The initial sale and leaseback contract is with a French management company for a period of 12 years, with an option to review when this term is complete.

All charges, apart from a land tax of Euro330 are taken care of by the management company. The scheme is due for delivery at the end of 2008, with payment in stages and a 5% refundable deposit securing one of the properties.