Studio Apartment in Paris, France No. 69495

There is a 200m2 reception/breakfast room with a large TV and a library, free Wi-Fi, breakfast and light meal services, daily cleaning of apartments and provision of linen/towels, laundry services, washing machines, ironing boards & irons etc. It has a modern, clean and friendly feel at reasonable prices that appeals to its target clientele. Its location next to so many hospitals, research centres and businesses will help enormously in meeting the demand of its clientele and if you just wanted to rent it out to permanent local residents it would be equally sought after. There is on average a 46% discount off the prices they were sold at in 2009 as they have now been reduced for a quick sale and compared with other similar residences in this are it is 40% cheaper and has better facilities, reputation and ratings. These apartments represent an excellent buying opportunity.

The Property: The apartment comes fully furnished and equipped with the following: Flat-screen TV, Queen size beds, telephone socket, fully fitted kitchenette with dishwasher, fridge, vitroceramic hob, microwave, Bathroom with shower/bath & fan radiators, cupboards and shelves, sofa, secured entrance doors, double glazing and separate toilet. The rooms are all elegantly decorated and some of them even have views of the Eiffel tower or Montparnasse tower from their balcony.

The Rental Return: In Paris the occupancy rates for hotels is are typically between 80 to 85% so after rental and management fees, these excellent apartments are expected to generate NET yields of 14.5% based on average occupancy. For investors who wish to take a fixed income, a 9 year renewable lease may be signed with the management company which will guarantee a fixed NET income of 5.85%. There are therefore excellent returns to be had for all types of investors. While the likely gains are higher for those who do not need a rental guarantee, there is an excellent return available for even the most cautious of investors. The choice is up to each individual client.

The Location: It is situated 1.5km from the metro 'Paul Vaillant-Couturier' & Arcueil-Chachan RER and 2km to the ring road of Paris with a bus stop just outside the residence. It is 7km from the Paris centre and takes just 16 mins via the metro. Paris is the beating heart of France and generates 30% of the country’s GDP. It is well-recognised as one of the safest and best places in the world to invest in and of course attracts millions of tourists each year with its famous gastronomy, culture and history. Paris is also home to more than 400,000 businesses and is one of the key power-houses of Europe. Access: Villejuif is between Orly airport (15 mins) and central Paris (also 20 mins) and linked by the Metro line 7 while there are also various bus routes stopping very close to the residence. Access to Charles de Gaulle airport is also easy

About the Area

Paris: At the hub of Ile de France lies the famously cosmopolitan city of Paris which exudes style and flair whilst also steeped in hundreds of years of fascinating history. The city remains incredibly influential not only in intellectual, literary and artistic life but also now behaves as the centre of commerce in continental Europe. In this way the city mixes a unique blend of contrasts from its tiny alley-ways and old fashioned pedestrian arcades to its enormous commercial structures and extremely efficient underground system. However to many, the most attractive element of Paris exists in its wide variety of restaurants bars and cafes that line nearly every street and promenade creating a truly unique atmosphere. Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Ile-de-France region.

The Paris metropolitan area has a population of 11.73m and is one of the most populated metropolitan areas in Europe. An important settlement for more than two millennia, Paris is today one of the world’s leading business and cultural centres, and its influences in politics, education, entertainment, media, fashion, science, and the arts all contribute to its status as one of the world’s major global cities. Paris is the beating heart of France and generates 30% of the country’s GDP. The GDP and income per capita is one of the highest in the world; the Paris urban area concentrates more than 30% of France’s wealth. In 2009, the GDP per capita (PPP) was $46.800 for 9.82 million people. The average income was 56.980$ in 2009, 41% higher than in the rest of the country.

Paris is one of few economic areas that didn’t have any GDP decrease during the financial crisis in 2008: the GDP increased throughout the period. It is well-recognised as one of the safest and best places in the world to invest in and of course attracts millions of tourists each year with its famous gastronomy, culture and history. With a GDP of $769.7 Billion in 2009, it has one of the highest GDPs in Europe, a powerful engine of the global economy: Were it a country, the economy would rank as the seventeenth-largest in the world, larger than that of the Netherlands or Turkey. According to 2010 estimates, the Paris agglomeration is Europe’s biggest city economy and the sixth largest in the world.

The Paris Region hosts 39 of the Fortune Global 500 companies ranking it 4th in the world and the 2nd most important location in the world for Global 500 company headquarters. Paris is also the world’s most popular tourist destination with 60 million tourists annually. The Paris economy is extremely diverse and has not yet adopted a specialization inside the global economy (unlike Los Angeles with the entertainment industry, or London and New York with financial services).

Today, it is essentially a service economy, with business and financial services generating nearly half of the Paris region’s GDP. Its manufacturing base has declined since its pre-1970s heyday, generating now less than 10% of the region’s GDP, even though the Paris Region still remains one of the manufacturing powerhouses of Europe due to the sheer size of its economy, with a shift from traditional to high-tech manufacturing

Main Features

• 90m2
• 1 Bedroom
• 1 Bathroom
• Massive potential in the holiday rental market
• Stunning views
• Private Parking
• Close to essential amenities like such as supermarkets and pharmacies
• Close to many excellent bars and restaurants
• Great base from which to discover other fantastic areas of Paris
• Many excellent sports facilities, fishing, walking and cycling areas near by

Contact us today to buy or sell your property in Paris France.