Been looking at this Plan Azur project for a while, but it has taken some time to really get off the ground. The first official launch (Mar 07) was phase 1 of apartments within a Condominium hotel. Here, investors have the opportunity to own the individual hotel units which offer a share of the rental revenue from the room as well as some personal usage each year, typically 30 days.
The initial prices quoted are as follows:
- The Elite studio village is 34 sqm with a 7.7 sqm terrace. Prices start from 89,000 euros (approx £60,344)
- The Elite studio terrace suite is 34m2 with a 14m2 terrace. Prices start from 102,350 euros (approx £ 69,393)
- The 1 bedroom beach suite 60 sqm with 24.85 sqm terrace from 149,750 euros (approx £101,534)
- The 2 bedroom surf suite 95m2 with 38m2 terrace from 283,000 euros (approx £191,196)
- The 3 bedroom Atlantic suite 134.42m2 with 55m2 terrace from 396,500 euros (approx £268,827)
Note that these prices do not include VAT and it isn't clear yet if VAT will be applicable. If it is, purchasers will need to add on an extra 10%.