REFERENCE: GC83PDM1

RETIREMENT HOME DEVELOPMENT, FRENCH RIVIERA

The retirement development will be located in Draguignan, a region where the ageing population is growing, and surrounded by the beautiful charms of Provence. Cannes is 45km away, and the Nice Airport is only a mere 90km away and the St Tropez Airport is also just a 52km drive away. Ideal for friends and family members to visit throughout the year.

Key Investment points:

  • 122 homes and 79 parking spaces
  • Comfortable housing to be built: 15 x studio, 78 x 1-bedroom and 29 x 2-bedroom
  • 7900m2 surface area
  • 850m2 of communal space on the ground floor including:reception, restaurant, bar, library,
    hair salon, fitness room etc.
  • Annual yield of 4,7% HT
  • Construction to begin in Q4 2017 for a period of 24 months. 
  • Operated by one of France’s most exclusive and experienced leaders in the industry.
  • 11 years and 9 months commercial lease with guaranteed quarterly rental payment.
PRICE: € 21,444,000 TTC + Agency fees
LOCATION: Draguignan, French Riviera
REFERENCE: GC83PDM1