The 3-star residence Quartet Building is a rehabilitated 9 storey building, situated in Marseille VIIIth district, just 10 minutes from the sea, and offers studio to 1 bedroom furnished apartments.

Property type : Leaseback apartments

Address: Quartet building
Accommodation: Studio to 1 bedroom
Prices: €388 000
Size: 18 to 43sqm
Deposit: 5%
Delivery date: 31/12/2010
Yield Up to: 4.18%
Sales office: Yes

The Development:
The 3-star residence Quartet Building consists of the rehabilitation of a 9 storey building of Marseille VIIIth district that offers studio to 1 bedroom furnished apartments, from 18sqm to 43sqm, some with parking spaces. It is located a stone’s throw from the large shopping mall of Bonneveine, with restaurants, cinema, clothes shops and supermarkets and 10 minutes from the sea. It is also close to transport links.

The Location:
The Quartet Building is located at the heart of the lively and beautiful VIIIth Arrondissement of Marseille, one of the richest districts of this large city. Gathering traditionally the industrial upper middle classes, this area is located between La Plage du Prado in the south, the Premier and Deuxieme Prado streets, and the Place Castellane in the north. This district is particularly green and comprises several green spaces including the 19 acres park Borely that has a garden a la francaise, an English landscape garden and also a botanical garden. There is also the famous Velodrome stadium and the Magalone park, the Contemporary Art Museum and the Musee de la Faience, the World trade centre and the convention centre of the Parc Chanot. For sea lovers, beautiful landscapes are to be found around the area, including the Prado beach and its seaside park, the windsurfing beach of the Pointe Rouge and the Goude village that offers a stunning landscape of bare rocks and blue sea.

The local economy:
Historically, the economy of Marseille was dominated by its role as a port between North African colonies and the metropolitan France. Today, the city serves as France’s leading centre of oil refinement and its New Port is a commercial container and transport port for the Mediterranean sea. Fishing and local food economies are also important in the city. Moreover, 3.5 millions of visitors each year serve the growing tourist economy. In recent years, the city has experienced a large growth in service sector employment and a switch from light manufacturing to a cultural, high-tech economy. Marseille acts as a regional network for entertainment in the south of France and has a high concentration of museums, cinemas, theaters, clubs, bars, restaurants, fashion shops, hotels, and art galleries, all geared towards a tourist economy. Marseille has been named the most dynamic of French cities in 2005.

Activities:
Activities available locally include golfing, thanks to a close 9 hole golf course, swimming, sunbathing, windsurfing, sailing, cycling, roller skating, karate, football, gymnastics, squash, tennis and many more. There are also numerous cinemas, theatres, opera houses, museums and galleries etc.

Financing:
Sextant has its own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, Sextant can get the right mortgage for you.

The investment scheme:
Your property will be managed by a well known business management specialist.
Rents are guaranteed by 9 year commercial lease.
The buyer will get 19.6%VAT cash back
Rental income paid quarterly

Access:
The Quartet Building is located in Marseille’s VIII arrondissement and is in the Bouches-du-Rhone department of the Provence Alpes Cote d Azur region in south-east France.

By car: Direct motorway access: A55 towards Martigues, A7 towards Avignon and Lyon, A51 towards
Aix-en-Provence, A50 towards Aubagne, Toulon and Nice

By air: Marseille-Provence International Airport, 20km
Serviced by low-cost airlines Ryanair and Easyjet

By train: Périer Metro station (ligne 2), 3mins walk away
Gare Saint-Charles (TGV, Thalys, Corail, TER), 15 min

By boat: 10 mins from the port
Aix-en-Provence, 34 km – Toulon, 64 km – Brignoles, 66 km