10% SHARE IN PROPERTY: LOURMARIN €70 000
The village of Lourmarin is located in the Luberon region of Provence, the South of France. This area is populated with numerous famous villages and cities. The closest airport being Marseilles. This is also the easiest transport route, i.e. Paris-Marseille-Lourmarin. It is a 40-minute drive from Marseilles.
LOURMARIN
Lourmarin is a beautiful village with 1300 inhabitants, numerous restaurants, château and all that Provence is famous for. The village market is on Friday’s the most popular market day. Streets are lined with old oak and plane trees. The village boasts numerous street café’s and just as many bistros and famous Michelin restaurants.
APARTMENT
3 Rue de Gran Pre was built in 1573 and was restored to its glory in 2005. The apartment is in the heart of the village in a 4-unit complex, 2 on ground level and 2 on 1 st floor. This apartment is on the 1st floor with beautiful vistas over the village and the market place. The entrance off the narrow street is a huge old double door, leading you into a cobbled outside entrance, obviously originally to accommodate horses. From there an old staircase of sandstone leads you up for one flight.
The apartment has a reception passage, 3 bedrooms, 3 bathrooms, open plan lounge, dining area and kitchen. A further jardinière (used as a reading room) a separate washing room, a fourth toilet and a patio from the third bedroom. Two bedrooms are en-suite, and two have baths and showers.
FAST FACTS ABOUT THE OPPORTUNITY:
1. The property is held in a French property company, called an SCI.
2. Each 10% share represents 5 weeks usage per annum.
3. There are 3 shares for sale at €70 000 each. The shares are priced in EURO.
4. Usage is defined per roster, which slowly rotates, ensuring each shareholder the same privileges. The rotating roster has been proven as the easiest to implement and understand, although the shareholders are contemplating to rather introduce a priority-booking roster.
5. The SCI is managed from South Africa with an accountant managing the financial affairs like the levy collection and the monthly payments.
6. The apartment is managed in LOURMARIN by a professional manager (MRS GRETA BIDOU) ensuring that the housekeeping meets the highest standards.
7. Monthly levies are between ZAR 800 and ZAR R1000.
8. Ownership in such an SCI allows for extended Visa’s and all the current shareholders have visa’s ranging from 5 to 10 years.
9. The cost involved in the purchase is for the account of the buyer and is taxed at 5% in France.
10. The purchase consideration can be financed as the seller has agreed to such a structure. The finance option is a minimum of 10% cash in SA, with the balance repayable at 4.9% interest according to an agreement with the seller.
.
For more information & enquiries, please complete the form below:
