Apartment 3 rooms in Fréjus , Var , Provence Cote d Azur

A lovely two bedroom 57.9m2 off plan apartment consisting of:
Entrance hall with storage
Large and airy open plan living space
Two Bedrooms with built in storage
Terrace - 12.3m2


Transport:
Frejus has excellent transport connections...
Airport: Nice - 40 mins, Toulon Hyeres - 1 hour 10 mins.
Motorway: A8 - Nice 45 mins, Cannes 25 mins, Monaco 1 hour & D 1098 - St Tropez 45 mins.
Train: Frejus et Saint Raphael stations close by

Also available in this development are a range of 2 bedroom apartments with option of a terrace or garden.
1 bedroom apartment - starting from -244,500€
2 bedroom apartment - starting from - 294 200€


Purchasing off plan - OFF PLAN PHASED PAYMENT STRUCTURE:
Buyers do not pay upfront for an off plan property in France, nor do they pay in one go. Buyer payments are subject to a phased and structured payment schedule, and they only pay a reasonable % amount for each stage of construction. % amounts are predefined for each the stage of construction work according to limits set out in French law, and as defined in the agreements for a development. Each payment a buyer makes is linked to a specific stage in the development so unless the phase of work is completed and independently checked and verified by a controller the payment amount is not called upon for the completed construction phase. For example, payment is needed as a deposit, for foundations, ground floor construction, roof laying and construction to make the building water tight, wall construction and windows to make the building air tight, internal construction and partitioning, and finally any work needing to be perfectly finished but the money for each stage is only transferred by the buyer once the controller has approved the previous phase.
It’s important to remember that any prepaid tranches paid by a buyer are returned to the buyer in full if the development / developer has any financial difficulties.

OFF PLAN DEVELOPMENTS:
Let me introduce you to why it makes sense to buy off plan in France, it is useful to understand some process information for France.
A buyer signs the financial Act de Vente and takes the keys from a developer and only then is the property theirs, and then they need their own insurance. Before that stage the off plan property risk is entirely the developers as there is no finished property to give to the client so the developer remains legally responsible for everything in development phases that might go wrong before a property is perfectly finished and they must resolve issues. There is no risk exposure on the part of the potential home owner until a finished property actually exists.
Buying an off plan property in France comes with significant legal guarantees and protections for a buyer so wherever you buy an off plan in France, this sector is protected in national law, it is known as the protected sector, and it is underwritten with insurance to protect 100% of the buyers’ financial interests.
This means the developer insurance protects the end buyer right from the outset. From when a developer tests the market appetite at the beginning when initially marketing it, during the entire construction project, and up until the property is delivered in a perfect state there are financial protections and guarantees.
Should any development not proceed to market for any reason, if there is no demand and a total lack of buyer interest, if the development is unsuccessful and the housing development is considered not commercially viable, if the developer themselves has financial liquidity difficulties, or supplier issues exist, or in a worst case if a developer goes into liquidation, then any money paid by a buyer is returned, they are fully compensated before the land is sold on for other commercial purposes.
Remember, it is possible a developer can cancel their commitment to a construction project, and it’s most likely during initial commercialisation when an idea is first launched to the market, it happens even if rarely, so if a development turns out to be uncommercial a U turn may happen but once construction starts this is very unlikely and rare as sufficient interest and funding is in place.
In summary, the buyer benefits massively from the fact the developer taking out insurance, the banks underwrite the financial exposure of a development, right up until the property is constructed and delivered in a perfect state and then the buyer agrees to sign and accepts the keys. The law in France fully respects the buyers risk exposure and considers the buyer position equally to that of the commercial interests of the developer, so until the point the buyer signs the final Acte de Vente, any shortcomings by the developer means the developer is responsible and the buyer is protected.

STEPS FOR A BUYER
Reservation contract.
A deposit.
Personalisation process.
Deed of sale at the solicitors.
Payment schedule adherence.
Reception and delivery reports
Final Signing and Keys.

IF A FISCAL RESIDENT IN FRANCE
If a Fiscal resident in France there are tax savings available as per PINEL incentives for off plan developments, the government is encouraging those with the means to consider off plan as an investments by tax savings on purchases in an area considered ripe for a rental return with economic prospects.

Town:
Fréjus also boasts a great economic vitality: ideally located on the Mediterranean and just 45 minutes from Nice international airport via the A8, the town hosts many tourist activities and attractions. This commune in the Var is also noted for its craftsmanship. Its quality school, sports and cultural facilities also make it a welcoming city, where you can enjoy the good life.

Location:
Located in a peaceful area close to Aurélien Park and the Roman Aqueduct, the SOLEIA residence is just 1 km from Fréjus town center and benefits from good public transport links.

Development:
A two-storey buildings of new apartments, from studios to 2 bedrooms, each with either a terrace or private garden and underground parking space.

SOLEIA is the ideal residence for living or investing in the Côte d´Azur.
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Information about risks to which this property is exposed is available on the Géorisques website : https://www.georisques.gouv.fr