You agree to lease the property back to the Property Management Company (PMC - we only deal with the number one PMC in France - Pierre & Vacances) for a 9 year period for a guaranteed annual return – currently 4.5%.

The French government refunds the entire VAT amount (19.6% - 16% on refurbished properties) on the purchase of your property.

The Property Management Company looks after the rental and maintenance of your property for the agreed period, after which it will completely refurbish and refurnish your property at no extra cost.

Key Benefits

Freehold ownership.
Full VAT refund for up to 20 years of ownership.
Comprehensive property management by France’s number one property management company.
Guaranteed rental return income
Excellent personal usage terms ( e.g. buy one, receive up to 20% discount on renting other developments )
Option to sell on your property with the leaseback intact at anytime during the leaseback period.

Pierre & Vacances French Leaseback properties are now available through your personal pension, company pension, PRSA or ARF. The Leaseback investment is a long term pension investment which generates a stable and guaranteed income on retirement. This first-of-a-kind opportunity for Irish pension investors is jointly promoted by Dublin-based Pierre & Vacances Property Investments, Independent Trustee Company, one of Ireland’s leading promoters of self-directed pension solutions and Money Doctor







SPANISH PROPERTY

In Ireland, our demographics dictate we are living longer, lead healthier lives, and are retiring earlier. We want more leisure, want good sunny weather, do not want to travel regular 7 hour flights to holiday destinations - perhaps once every year but not 9/10 times a year – but prefer short 2/3 hour flights so we can commute more frequently to countries not as affected as Ireland by global warming. In other words … think Spain (South) or Portugal (Algarve) as your ideal holiday home destinations. ….

Off - Plan Purchase

Granada – Medina Elvira – Golf Residencial

Granada is about one and a half hours from Malaga by car and has the true feel of a real Spanish city- along with the infamous Alhambra – where you can walk along charming narrow streets filled with flowers or you can just rest a while in a typical Spanish tavern and enjoy some of the delicious ‘Trevelez’ ham and local wine,  whilst at the same time breathing in the centuries of history that is just everywhere. Real Spain – with restaurants that don’t show you a picture of the food you are about to eat.

The development is just 10 minutes from the city and airport, set near a lake (Cubillas) with boating, fishing and swimming.  It is both 30 minutes from the Sierra Nevada Ski Resort and 40 minutes from the coast !  The development itself, 10 minutes from Granada, is set amid an 18 hole championship golf course alongside miles and miles of olive groves. While there are currently no direct flights to Granada from Dublin, you can access through Stansted or Liverpool.

This is either a two year build or immediate purchase with typical fully fitted and furnished apartments from c. €250,000

10% deposit (preceded by a €3000 reservation fee which will be off set against the 10%)

10% payable 12 months later

80% mortgage on an interest only basis….up to 20 years or longer

5% guaranteed rental income for 10 years (this is from the tour operator and not the developer with both bonded)  You can split this guarantee to 3 years, 5 years or 10 years – an option would be to go for 5 year renewable for a further 5 years in the event that you would like to sell or live full time there.

Mortgages available

Effectively, if this is investment rather than lifestyle. You are taking a 12 year punt that by investing 30% cost of the property over a 24 month period, followed by a rental guarantee that basically covers the 80% interest only mortgage each year, your investment will be worth a considerable amount more than when you first bought the property 12 years previously.



PROPERTY SYNDICATES

There are really 4 ways of procuring commercial property whether in the UK or elsewhere …..

Research, find, investigate and buy on your own – do it all yourself .. if you have the time…..

Join with a few friends and take the different roles to find your ideal property – many hands make light work…

Join a syndicate whereby

Promoters (private individuals or structured companies) have done all the research, due diligence, assessment and funding. You MUST however check out the promoters.

They then find a finite number of like-minded investors (usually no more than 20).

The investors contribute 20% / 25% of the purchase price of the property plus costs (which includes agents, promoters, legal and accounting costs).

Initially a sum of € 12,500 to € 50,000 or more is required as an initial deposit - held in a client account generally to pay the 10% deposit on the property. The second tranche would be required within a 10 week timeframe. Equity releases – AND at better terms and rates - from investors’ own assets for interested parties can be arranged.

A typical investor would require an appetite for risk and understand the market and transaction they are party to

75% / 80% mortgage is obtained on behalf of the investors, usually done through a SPV ( Special Purpose Vehicle) company on a non-recourse basis. This means that in the event the investment fails, the lender can only repossess the property and cannot come after the investors personally.

A shareholders’ agreement is usually put in place which dictates the exit, when that is and who can vote together with other procedures.

Regular reports and annual meetings of all investors.

UK syndicates are ideal also for Self Directed Trusts / Small Self Administered Pension schemes.

Join a bank / stockbroking property fund

Usually minimum € 100,000. These funds are in the €100millions, so there are normally many investors – all in the same boat.

Generally 5 / 10 years investment.

Exit mechanism is generally good – can be offloaded to a pension fund etc.

No worries as the bank / stockbroker have done all the work required. They manage it on an on-going basis and simply report on a 6 month / yearly basis to all investors.
(UK principally but also other locations)

For further information, please email .(JavaScript must be enabled to view this email address) or call +353 87 238 1122