Residence Vanina Park leaseback property for sale in Corsica

Despite its French heritage, it is surprising that only 4% of Brits know that Corsica actually lies off the coast of Italy. Truly a mountain in the sea, Corsica is 5,500 square miles is an island gem offering over 600 miles of coastline whilst Monte Cinto rises some 9,000 feet as the Mediterreans highest and third largest island with deep gorges, snow-capped peaks and lofty pine forests.

Residence Vanina Park is aimed at the growing student population of Corsica. It is rare that student housing developments come on to the market in Corsica so this is a leaseback investment scheme well deserving of a showcase on Nubricks. A much needed student residence development in the heart of Corte, the ancient heartland and geographical capital of Corsica, Vanina Park has been a long awaited apartment project by Corsican students wanting modern student accomodation.

Situated in the middle of the mountains, Corte is a thriving centre which embodies the soul of Corsica. The charming old town is a maze of narrow streets and is home to the University of Corsica, named after Pascal Paoli, was founded in 1756. A classic university town, its four research centres enjoy a prestigious reputation. Since 2000, the student population of Corsica has grown to over 4,000 students comprising nearly half the islands total population. As well as a third campus for 2015, Corte anticipates a new arts centre and state of the art library will further improve its facilities.

Residence Vanina Park is a leaseback student property in France. Private student accommodation is spread over 6 floors in 4 buildings with a spacious central patio designed as a pleasant outdoor meeting space. The residence enjoys a strategic location close to Corte centre with all its amenities and a short distance from the main University campus and research centres.

Apart from a desirable location, these contemporary student apartments offer an appealing, secure base for students and professionals interning or studying at the University. The studios, one and two bedroom apartments have been built to a good specification to include hot and cold air-conditioning and carefully crafted to offer modern interiors with comfortable furnishings. Most apartments offer private terraces and students living at Vanania Residence will enjoy access to a breakfast room, sports hall, automatic laundry facilities and reception office. Entry to Vanina Park is restricted with security badge access only.

Residence Vanina Park is a great investment product set to enjoy a strong yield. Limited supply and a growing student population should ensure that Vanina Park apartments remain in high demand and satisfies the need for modern day student accommodation in Corisca which should hold its value. During a minimum commercial lease of 11 years, investors will earn just under a 5.7% rental yield. A specialist in the management of student residence, the administration of Vanina Park will be overseen by a company renowed in France and which today manages 34 residences.

The opportunity to buy student leaseback property for sale in Corsica doesn’t come along often and Vanina Park should prove to be an exceptional property investment. Prices for studios start at 64,000€ with 50sqm two bedroom properties selling at 173,000€. To request more details on investing in a student apartment at Vanina Park click here.