Location
Ref No. FRA10148 > Albert, 80300, Somme, Price: £ 2,617,102 €

France - Ref No FRA10148

Property Type:Apartment
Category:
Location:Inland, town
Region:Albert, Somme,
Status:AVAILABLE
Bedrooms:1

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80300, Albert, Somme, is a development of 17, one bed apartments. This is 2 floors of the block. The apartments are reserved for the over 60s. THIS OFFER IS FOR THE WHOLE 17 FLATS. They cannot be purchased individually. They can be purchased outright for Euro 2,617,102 or by an initial investment of euro 560,000 with the remainder by way of a pre agreed mortgage. As these apartments are furnished there is a VAT rebate of euro 415,553

80300, Albert, Somme, is a development of 17, one bed furnished apartments. (the cost of the furnishings is included in the purchase price)

This is 2 floors of the block. The apartments are reserved for the over 60s.

There is a real shortage of this type of retirement property in the area. Many farm workers and rural dwellers retire to the towns.

THIS OFFER IS FOR THE WHOLE 17 FLATS. They cannot be purchased individually.

They can be purchased outright for Euro 2,617,102 or by an initial investment of euro 560,000. As these apartments are furnished there is a VAT rebate of euro 415,553

The minimum expected 10 year return is Euro2.8m. Once the initial investment is made, the property is entirely self financing  including mortgage interest, management charges, life insurance premium and even the tax fonciere.

Property Details

Area Description

Albert was founded as a Roman outpost called Encre, in about 54 BC. It is remembered today as the site of the Battle of the Somme in World War I.Albert was completely reconstructed after the war, including widening and re-orienting the town's main streets. The Basilica, however, was faithfully rebuilt according to its original design by Eduoard Duthoit, the son of the architect who had overseen its construction in 1885-95. The present statue is an exact replica of Roze's original design, and a war memorial designed by Roze and featuring an image of the

Other Info

Albert is a commune of the Somme département, in Picardie, northern France. Population: approx. 10,500 inhabitants.It is located about halfway between Amiens and Bapaume.

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France - Ref No FRA10148

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