We are delighted to offer this unique opportunity to purchase a leaseback studio in Paris. Leaseback property investments in central Paris are extremely rare, mainly due to the fact that Parisian hoteliers have a tight grip on the city's short-term rental accommodation market in the city and they simply do not like the competition. This collection of leaseback, business residences has been granted permission as they form an integral part of a huge regeneration project which is transforming the 17th arrondissement, meaning investors have huge potential for capital appreciation. Not only is Paris home to La Defense, Europe's largest business & financial district, which is located just outside the 17th arrondissement, but the city is also home to a huge range of business orientated facilities. With over 16 million square metres of office premises within the central districts and a further 50 million square metres in the surrounding areas, the city is now the world's second largest business centre hosting offices of the 500 largest global companies. These investment properties are superbly positioned to benefit from this huge demand for business tourism residences. It is because of this that they have been designed with the business person in mind with a 24-hour lobby/reception, a gym, spa, Hammam all of which are located on-site. As part of the area's regeneration, there will also be shops using the ground floor units. When you invest in a business tourism residence, you are buying the freehold title of a property, just like any other. As an owner, you then entrust the management of the property of the operator of the residence who lets it out on the business tourism accommodation market. You then receive returns net of costs and charges. Also, as the property is helping the economy with its tourism, property shortage, the French government provides an incentive in the form of a 20% VAT rebate on the purchase price of the property. These studios represent a truly rare opportunity for investors wishing to enjoy rental returns and capital appreciation.
Floor Space: 22.40m2
Parking: Street Parking
Distance from the sea: 2 Hours drive
Distance From the Airport: 45 minute drive
Nearest Airport: CDG - Charles de Gaulle
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