THE DEVELOPMENT: This beautiful period property was built in 1895 and has been totally renovated into a mixture of apartments for both leaseback and classic purchase. Unlike most leasebacks on the market this residence is oozing with charm and style in a way that is just too expensive to build in these days and is perfectly located just 500m from the centre of Epernay and surrounded by hundreds of vineyards for which the region is best known for producing its famous Champagne.
This is an exclusive deal limited to the last 5 one bedroom apartments in the residence and pays a particularly attractive yield of 6% NET for 9 years (renewable), all closing costs are paid, VAT is paid by the developer (19.6%) and 100% finance is available (subject to status). The prices have also been reduced by a huge 13.4% off the public selling price in France representing a saving of nearly 17,000 Euros per unit. The residence includes a bar, restaurant, meeting facilities, disabled facilities, business centre, gym, lounge area and reception and each of these apartments has an exterior parking place. The building, which was renovated fully in 2008 contains 70 studios and 1 bed apartments with lift access.
THE PROPERTIES: There are 5 one bedroom apartments available which come with a kitchenette, fridge, microwave-oven and TV. They benefit from outstanding views of the countryside, large windows to allow plenty of light into the apartment and high ceilings.
THE LOCATION: Epernay is the centre for Champagne production in the region and attracts more than 450,000 tourists per year (half of which are international) whilst still retaining its much coveted charm and authenticity. The residence is located close to the “Palais des Congres et Expositions” and as such benefits by accommodating many of the people who attend the exhibitions. The most famous champagne producers of the region are based here with their grand houses and mansions lining the “Avenue de Champagne” which allows Epernay to justly lay claim to being the capital of Champagne. The “Route Touristique” winds around the town offering you friendly cellars, Chateaux, Roman churches and villages bedecked with flowers ensuring a great experience whatever time of year you decide to come.
Epernay has 26,000 inhabitants within a larger community of 40,000 inhabitants and is surrounded by 30,000 hectares of vineyards and holds no less than 200 million bottles. The town centre of this “Floral town” is steeped in history linked with its Champagne producing present and past and its “Avenue de Champagne” with is 19th century mansions was classed as a site of special Gastronomic interest in 1994. Bordered by the River Marne and surrounded by Vineyards and forest Epernay is simply a very attractive natural environment with an excellent quality of life.
ACCESS: Paris is just 30 mins away by TGV and Paris itself has two international airports. It is just 27km from Reims and 350km from London which is accessible by TGV or plane via Paris.