Sphere Estate Launches Toile Blanche Residences, Saint-Paul de Vence

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Sphere Estate Launches Toile Blanche Residences, Saint-Paul de Vence

View of Saint Paul de Vence town with sea in the background and scenes from Toile Blanche

 

Revel in the authentic French Riviera lifestyle. Freehold studio and one-bedroom suites from €386,000.

Toile Blanche is nestled in the picturesque hills between Nice and Antibes, within 20 minutes of the airport and the coast. This exceptional private retreat is a rare gem in the heart of the French Riviera. Sphere Estates is now launching 20 furnished residences - new studio and one-bedroom suites which comfortably sleep up to four adults - in an art and wellness themed boutique hotel.

The meticulously restored house (now a boutique hotel) and landscaped gardens, adorned with artworks and sculptures, provide a haven for those seeking a laid-back Riviera lifestyle with discreet 5* service. It’s also within easy reach of plentiful restaurants, bars and shopping.

The Toile Blanche Residences are in the architect designed extension to this charming 19th Century Provencal hotel. The facilities include an outdoor swimming pool and pool bar with views over the hills, a fine dining restaurant, breakfast and tapas bar. There is also a wellness centre with a hamman, plunge pool and sauna and an art studio and gallery which is centrally located and provides the creative heart of Toile Blanche.

“This is cutting-edge style in an idyllic rural setting.” Mr & Mrs Smith

The suites are offered for sale for limited use and a guaranteed fixed return. The scheme is eligible for VAT refund and will be managed by Toile Blanche under the French LMNP (Non-professional furnished lettings) scheme. 

Toile Blanche is an ideal retreat, somewhere to get away from it all for a series of weekends or mid-week breaks to recharge your batteries and recuperate your mind, body and soul. Saint Paul de Vence is situated within 20 minutes from Nice International Airport which is a two-hour flight from London.

Prices start from Euro 386,000 (incl. VAT and furniture).

Rental yields:

Toile Blanche Residences offers a rental yield of 3.8%. This is with no personal usage at this rate and personal usage will be allowed up to 0.8% of this yield, based on the figures below:

  • High season   -      6% per week
  • Mid season    -      4% per week
  • Low season    -      2% per week

This is charged pro rata so if you stay for 2 nights in high season then the owner will be charged 2/7 of 0.6% (equivalent to 0.17%) and the net yield (if this is the only usage) will then be 3.63%. Yield is paid quarterly.

The minimum yield payment will always be 3% and if the owner wishes to use more than their maximum personal usage (e.g. 4x Low season weeks, or 1x High season weeks + 1x Low Season weeks) they will simply be charged 20% below the Online Travel Agents Rate (OTR) for the period of their stay beyond their usage quota.

Assurance on rental income:

The rental income for a Leaseback property is guaranteed through the commercial lease. Even if an owner’s property is not rented out for a particular week, their rental income will never be affected, due to the guarantee provided through the commercial lease. Toile Blanche Residences pays rental yields quarterly.

Key Points:

  • Guaranteed 3.8% net return (after running costs)
  • Finance available (up to 70% LTV)
  • Fiscal advantages from the French LMNP regime and leaseback programme (e.g. purchase VAT refund)
  • Plenty of holidays under the sun to enjoy
  • Conveniently located close to the airport for easy short breaks
  • Lifestyle - Wellness art retreat
  • Flexible usage options
  • 5* hotel and services
  • Within 20 minutes of the airport and coast
  • Freehold ownership from only €386,000
  • Price includes VAT and furniture

Full details are on the Sphere Estates website: Toile Blanche Residences.

 

1 Feb 2019 | Author: Paul Rogers