Two new developments in the South of France are tailor made for fly to let investors who want their properties fully managed as part of a leaseback scheme together with a guaranteed rental income. There is also the benefit of a full VAT rebate of 19.6 percent on the purchase.

Located on the Cote d’Azur and in Provence, the freehold villas have been built by French developer, MJ Developpement. Each property boasts its own private pool and landscaped garden.

“We are very excited to have sourced a stunning collection of villas with pools in top first-class locations such as Cavalaire on the glittering Cote d’Azur and Luberon in Provence,” said Joanna Yellowlees-Bound, CEO of Erna Low Property, which is marketing the properties in the UK. “We continue to have a high demand from our clients for the South of France - trusted and well-known destinations with rock-solid capital growth potential and excellent infrastructure.”

Le Domaine de l’Eilen is a gated community on the Cote d’Azur, just along from St Tropez, is made up of 25 three or four bedroomed villas with private swimming pool and garden. They are in the town of Cavalaire sur Mer and the development provides easy access to the sandy beaches of the Mediterranean coast.

Prices are from €640,000 for a three bedroom villa with a guaranteed annual rental return of up to 3.72 percent over an 11 year period on the leaseback scheme. A full range of lease options are available including full cash return or combined with holiday credit for those seeking the lifestyle benefits.

Building is almost complete with delivery due for this summer, June 2010. Nearest airports are Toulon-Hyeres (one hour) and Nice (two hours).

Les Clos Savornin is an exclusive retreat of 22 detached villas in the Luberon region of Provence. Three and four bedroom villas are available each with private outdoor pool, landscaped gardens, furniture package and state of the art entertainment systems.

Prices start at €518,420 for a three bedroom villa including a VAT waiver of 19.6 percent on the leaseback scheme.

The guaranteed annual rental return is up to 3.81 percent with a similar range of lease options as above. Building is almost complete with delivery due for May 2010. Nearest airports: Avignon (35 mins), Marseille (one hour 10mins) and Nimes (one hour 30 mins).

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