Imoinvest opens new Cannes office as the stars arrive

With the Cannes Film Festival upon us and celebrating its 60th anniversary, IMOINVEST are pleased to announce the opening of its new office in Cannes as their worldwide success continues.

The Cannes Film Festival runs between 16th and 27th May and in its anniversary year Martin Scorsese, along with several other directors will announce during the festival the launch of the World Cinema Foundation, devoted to the preservation and restoration of the masterpieces of world cinema. This will involve Martin Scorsese giving an outstanding cinema master class for the 60th anniversary following such names as Oliver Stone, Nanni Moretti and Sydney Pollack and will evoke his work as a director and his passion for the cinema.

Julien Lu Regional Director for IMOINVEST says, “The Cannes Film Festival is truly a wondrous event and this seemed like the perfect time to launch our new office amid all the hype of the stars visit as Cannes is transformed into a start studded location for a memorable 11 days.”

With the opening of the new Cannes office, IMOINVEST now have 14 main offices worldwide.

IMOINVEST are pleased to bring to the market Residence de la Tour de Mare which is a guaranteed buy to let leaseback opportunity situated close to Cannes that offers investors a guaranteed rental income of up to 4.3%.

This four star development on the French Riviera only 5km from the sea is situated in the excellent coastal town of Frejus. Frejus is a medieval city as well as a popular seaside resort attracting many tourists because of its history, cultural and artistic qualities, its well kept beaches and many seas and sporting facilities. Residence de la Tour de Mare brings to the market studio, one and two bedroom apartments offering top of the range facilities including swimming pool, sauna and fitness centre. Many of the apartments offer either balcony or terraces and the residence benefits from being situated in an enclosed garden area with superb mature landscaping.

Julien continues, “The residence will be serviced by one of France’s leading management companies, securing rental income for life of the commercial lease and tenant occupancy. Owners will have three different options allowing for either a maximum rental income of 4.3% paid net with no personal use, a 4% rental income paid net with one week of owner usage or maximum vacation use under the Quasi Hotel investment scheme allowing for up to 6 months per year with a reduced rental income (2.5% paid net). Residence de la Tour de mare offers investors a superb opportunity in a superb location and with the official release of this development at the end of April we have already seen a high level of interest which suggests that Residence de la Tour de Mare will not be on the market for long.”

Prices at Residence de la Tour de Mare start from just £62,325 for a studio apartment rising up to £152,437and above for premier two bedroom apartments. For further information, visit imoinvest.com.