Located in a new and secure contemporary residence in the center of Villefranche sur mer, close to all amenities and in a calm and pleasant setting, the apartment offered is a duplex of 107m2 exposed South East and South West which has 4 bedrooms, an office, a bathroom and two shower rooms. It comes with two balconies of 5m2 and 2m2 and parking in the basement..
The acquisition model makes it possible to temporarily dissociate the right of ownership of the apartment between its use (usufruct) and its heritage value (bare ownership). Thus, for the sale price indicated, the investor immediately becomes the owner of the bare ownership and recovers the usufruct at the end of the dismemberment (16.5 years later) without additional disbursement.
Investment in bare ownership allows the constitution of a real estate heritage and the simultaneous activation of a certain number of tax levers: it is neutral with regard to Wealth Tax and property tax and offers a discount price (the economic value of the bare ownership represents approximately 65% of the total value of the property). It also allows, under certain conditions, the partial deduction of loan interest.
Reduced notary fees (2.7%). Delivery Q1 2023.
The luxury real estate market at the Côte d’Azur is one of the most attractive in the Mediterranean area. Whilst ‘idyllic lifestyle and escape from city life’ remains the primary reason people wish to purchase property in the French Riviera, due to the global economic situation, clients are also looking to buy secondary homes in the South of France as it is a stable investment and intelligent retirement plan. Nice, capital of the French Riviera and fifth largest city in France, is shining brightly. It has the charm of Mediterranean cities where the life is sweet thanks to the beauty of the city and its colorful facades and its exceptional climate with over 300 days of sunshine a year. City of arts and culture, it is, after Paris, the city with the most museums. Flavors and traditions, charm and authenticity of the old town and its flower market, the splendor of the Bay of Angels, its beaches and its luxurious hotels, historical richness of its many monuments, parks and noble palaces, Nice, elegant, active and popular city lives to the rhythm of its two thousand cultural, festive and sports events. Its international airport, spectacular by its unique approach along the coast, serves more than 100 direct destinations.
The sale price includes the commission of the agency. Engel & Völkers does not accept responsibility as the information provided is for information only and it is subject to errors, omissions, change of price or withdrawal without notice. Real estate agency fees must be paid by the seller.