Haroué Rue Dulong, 17th District

Paris, France

Haroue is located on Rue Dulong in the 17th, one of the Capital's most beautiful districts, within the triangle formed by the boulevard Pereire and the avenues de la Grande Armee, Wagram and des Ternes, this district - or rather a village - offers a completely unique feel.

Gallery

In the heart of Batignolle's district, a favourite area for 30-40 year olds, is this superbly refurbished loft style apartment complex. As the apartments are delivered as 'shell and core' only units, Cornerstone Property will offer a service to finish the apartments to an extremely high specification to include full fittings and soft furnishings

Within a short stroll of the development is the Parc Monceau, one of Paris' most charming parks. It is a park of shady walks, of leafy bowers, of ponds, of imitation natural springs, in fact, of everything that makes for complete informality. Even the famous "Naumachie," a pond surrounded by a semi-circular colonnade of fluted Corinthian columns, partly broken, partly missing, is so overgrown with vines that it looks as though it had been standing there for ages.

Residential property is extremely difficult to source and purchase in Paris. Exceptionally well appointed, off-plan properties in central districts of the capital are virtually impossible to secure, with queues of local purchasers waiting from the early hours to buy any off-plan residential stock that comes onto the market. As Paris is a city that has been identified by Cornerstone Property to offer excellent growth in terms of capital appreciation over the short- and long- term, we have begun sourcing residential properties in central districts for our client base and will charge a small finders fee for this service.

To de-risk the offering, Cornerstone Property has appointed serviced apartment operators, City Nites, to operate the apartments and offer a rental guarantee to investors. By entering into a leaseback agreement with City Nites, investors can further benefit by availing of a VAT rebate on their property purchase.

No other investment property company is offering clients such a well-structured residential investment in the centre of Paris.

Example Apartment

Apartment A, 1 bed with parking, sized 64.00 m2

Contract Purchase Price	€430,000.00
Lending	Up to 85% LTV / 80% interest only options available
Option	Leaseback
Rebate	VAT rebate applicable

Terms

• €4,750 booking fee
• 5% (less booking fee) payable on exchange of contracts, within 14 days of reservation
• 2nd deposit of 30% when the foundation has been laid (payable circa February 08)
• 3rd deposit of 35% when the roof has been installed
• 4th and final deposit of 30% payable on completion
• Should you not proceed to contract stage, the sum of €500 will be deducted from your booking fee to cover administration and legal costs ensued. After exchange of contracts, the deposit of 5% becomes non-refundable.

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