Le Château de la Redorte, an 18th century building which has been in the same family for seven generations, is due for completion in the first quarter of 2010. Four penthouse apartments will be located in the Château itself, while two dépendence will be built on the land in front of the Château in an architectural style referencing the original outbuildings. Each will contain 19 luxury one and two bedroom apartments, which are being sold on a freehold leaseback basis. Prices, including furniture, start from EUR258,000/£185,000 for a one bedroom apartment (52 m²) with terrace to EUR352,000/£253,000 for a two bedroom apartment (70m²) with a larger terrace.
The Languedoc enjoys over 300 days of sunshine annually. The region is easily reached from almost all major European cities and is serviced by a wide variety of airlines: Ryanair fly from Stansted, East Midlands, Liverpool, Dublin and Shannon to Carcassonne, a 30-minute drive away, and also to Perpignan, a 60-minute drive away. As from 15th May 2008 the airline will be adding services from Bristol to Beziers (45 minutes).
The Château’s location in the centre of the village ensures all essential amenities are close at hand, including a number of good local restaurants and bars, a supermarket and banks. The Canal du Midi, with its canal-side bistros and lively canal culture is less than a 500m stroll away. The nearest beaches are less than 30 minutes away.
The purchase of one of the apartments in the chateau invokes a series of tax incentives, including a VAT exemption, and guaranteed rental returns over a 20 year period through the French leaseback scheme. There is a guaranteed rental income of up to 4.66% if owners are not using the property themselves or alternatively they can chose to take a smaller return and use their property for up to 6 months a year.
Dominic Hassell, Sales Director of agent Premier Resorts (+44 (0)800 520 0614) says: ‘Château de la Redorte offers a fantastic opportunity to purchase a high quality property on a fully managed luxury development with guaranteed rental income. The resulting low cost of ownership and excellent potential for capital appreciation in one of Europes strongest and most stable economies makes the Château a superb medium to long term investment opportunity.’
Additionally, owners will be able to exchange their time in the Château to enjoy any other Garrigae developments, including Le Couvent dHérépian, a converted Convent in the Languedoc national park; The Abbaye de Sainte Croix, a 10th Century Abbey in Provence; Residence Rive Gauche, a luxury waterfront apartment block in the chic village of Marseillan and Les Jardins de Saint Benoît, vineyard estate and spa in the Corbières region. Developments in Pézenas, the Cote dAzur and the Alps are also in the pipeline.