Life annuity villa on 16 acres Lake Genval, for investors

Description

A detached villa situated on Lake Genval: a rare property steeped in history and listed as part of the Genval-les-Bains historical heritage. It was originally built on the rustic bridge over the lake, known as the ‘First Villa on Lake Genval’. Its architecture follows the design of the pointed arch, giving the property a unique character. This house is ideally situated a 1-minute walk from Lake Genval, a 3-minute walk from the RER station via the footbridge, and close to all amenities. The property comprises a gross floor area of approximately 195 m² and a beautiful landscaped garden of 1,652 m², south-facing, planted with trees, and offering peace, privacy and a privileged natural setting. Sale of bare ownership; the seller retains the usufruct of the house and land for the rest of their life. Lump sum of €650,000 + net indexed monthly annuity: €950, limited to a maximum term of 6 years, for a 88-year-old male. Purchase costs payable by the buyer, including the estate agent’s fees, totalling approximately €155,000 for this property (notary fees, mortgage, VAT, registration fees, estate agent’s fees).