rental property investment France - Ski Property for Sale
New-built French leaseback properties in Flaine, French Alps
Rental property investment France - Fully-furnished freehold ski apartments, Guaranteed Net Annual Returns Up to 3.5%, Up to 20 weeks of Usage
This is a superb opportunity to purchase a new-built French leaseback property in Flaine, which is conveniently located between Lake Geneva and Mont Blanc. Set in the heart of Grand Massif, one of the largest ski areas in France, Flaine is known for its excellent snow record, one of the best in the French Alps. Thanks to its north-facing slopes and proximity to the Mont Blanc, Flaine offers fantastic conditions throughout its long season.
The luxury leaseback properties boast a breathtakingly beautiful site. All the ski apartments have direct access to the pistes and a chairlift is linking it to the vast ski area of Flaine and the Grand Massif.
Combining contemporary style with a decidedly traditional architectural concept, the residence consist of luxurious ski apartments available for private ownership. The stone and wood chalets boast large picture windows, fireplaces and balconies or terraces, many south-facing. Inside, decoration is warm and elegant.
The ski property offers a good range of facilities including a spa area with Jacuzzi, sauna, steam room and indoor swimming pool.
The leaseback properties come fully-furnished and with freehold ownership. Property investors will get up to 3.5% guaranteed returns, net of running costs and annual usage rights up to 20 weeks. As for all French leaseback properties, you will be entitled to VAT rebate (currently 19.6%).
This resort property offers amazing apartments in freehold leaseback. Invest now and benefit from guaranteed rental income and excellent finance options.
Luxury ski apartments in traditional Savoyard style
The ski property has been beautifully designed and will be built in traditional Savoyard style using wood and stone and is surrounded by peaceful pine forests.
The ski in ski out apartments will offer luxurious accommodation with doorstep skiing. The mountain homes boast direct access from your ski residence to the chairlift, connecting you to the Grand Massif ski area.
There will be a selection of 113 ski apartments, with 1, 2 and 3 bedrooms, many benefiting from south-facing aspects.
The chalet apartments will be beautifully finished using a mixture of stone and wood, and will come with well equipped kitchens, large windows, fireplaces and balconies or terraces.
The fully-furnished apartments will come with stylish, classic contemporary décor and furniture; natural shades and subtle patterns. The ski chalet apartments benefit from free wifi connection and satellite TV.
Your mountain home is sold with freehold ownership, and there are several usage options to chose from, with up to 20 weeks of usage.
Facilities
Apart from doorstep skiing, facilities include:
- Indoor pool
- Outdoor pool
- Spa area with Jacuzzi, sauna, hammam, treatment rooms
- Gym
- Restaurant
- Shops
- Basement parking
- Reception with log fire
The ski resort will be managed by the European No 1 in tourist rental management, Pierre & Vacances Center Parcs Group.
Flaine - in Haute-Savoie in the Northern Alps
Flaine is a popular ski resort in Haute-Savoie, near Geneva and Mont Blanc, nestling atop one of France’s biggest ski areas, the Grand Massif. At an altitude of 1,600m, Flaine is the highest resort at the heart of The Grand Massif ski area, which boasts an impressive 265km of ski slopes. The attractive villages of Les Carroz, Samoens, Morillon and Sixt Fer à Cheval, all link together with Flaine to create this acclaimed area with slopes to suit skiers at all levels.
Designed by the great French champion Emile Allais, Flaine sits in a well protected bowl with one of the best snow records in the French Alps. The highest lift, the ‘Grandes Platieres’ cable car takes skiers to an altitude of 2,480m, offering the greatest views of the Mont Blanc range. From here, you are spoilt for choice with access to several black, red and blue runs, there is even a green run allowing beginners to experience the spectacular views at altitude.
The ski area offers great skiing for all levels and the Cascades piste, is the jewel in the crown. Imagine a 14 km long slope, an altitude drop of 1,800m down into the village of Sixt Fer à Cheval, wonderful scenery, and never encounter one single ski lift.
It is also home to one of the biggest board parks in Europe, ‘Jam Park’ which is almost a mile long, a paradise for free-stylers.
The Col de Pierre Carrée (1,844m) offers the highest cross-country skiing area, with the best snow cover in the Alps.
Flaine is a convenient car-free, family friendly resort with many activities other than skiing such as ice driving, snow-mobiling, ice skating, dog sledding and husky sleigh rides. There is also a good selection of restaurants, bars, two shopping malls, cultural events and cinema. All services and facilities needed for leisure and sport (ski schools, nursery, children's clubs and activities for all ages) are also available.
There are also countless summer activities: tennis, archery, trial biking, mountain biking, paragliding, rock climbing and hiking with 150km of marked-out paths. There are also the natural parks of Six-Fer-à-Cheval and Passy, for unforgettable outings.
The village faces south with stunning views across the Flaine bowl and even boasts one of the highest golf courses in the Alps; Flaine-les-Carroz Golf Course with 18 holes at an altitude of 1,900m.
The architecture of Flaine is famous as it is the only ski resort in France listed as a historic monument. Constructed in the sixties by Eric Boissonnas & Marcel Breuer in the Bauhaus style of modern architecture, it manages to blend in to its surroundings at the foot of the ski slopes and many large outdoor sculptures by the likes of Picasso help to create a unique atmosphere.
Flaine-Montsoleil 1700m is a completely pedestrianised hamlet with direct access to the slopes and the chairlift which connects the vast ski area of Flaine and Grand Massif. It is only 500 metres from shops, restaurants and the many activities and services of Flaine Forêt.
Flaine Forum (centre of the resort) is only 10 minutes away, free shuttles are available.
Distances from airports:
- Geneva – 60mins (approx.)
- Annecy – 75 mins (approx.)
- Chambery - 90 mins approx.
- Grenoble - 2h15 (approx.)
- Lyon Saint-Exupéry – 2h30 (approx.)
Nearest TGV stations: Cluses (30km) and Geneva (80km).
French Leaseback Properties - making the investment to acquire your French holiday home very attractive
Purchasing a leaseback property is an attractive way of owning a home in France. Investors buy the freehold of an off-plan property outright, so you own the property. This leaseback property investment opportunity in France will bring you:
- Pay no VAT - 19.6 % reduction in price through VAT rebate
- Guaranteed rental income for 9 years minimum
- Fully managed - completely hassle free
- Fully-furnished, no furniture or kitchen to install or pay for
- An index-linked income and good capital growth prospects in a safe European economy
Investment summary
- Leaseback properties
- Freehold ownership
- Up to 3.5% guaranteed returns, net of running costs
- Holiday usage options, with up to 20 weeks of usage
- VAT Rebate, currently at 19.6%
- New leaseback property sold “VEFA” (Vente en l'Etat Futur d'Achvement) or off-plan
Options:
- Financial property without stays: 3.5% rental income, net of running costs
- Financial property with stays: 2.6-3.25% rental income, net of running costs plus 2-8 weeks stay
- Lifestyle property with 20 weeks stay, and no rental income
Mortgages
Mortgages are available up to 104% (to include 100% of the purchase price plus the upfront costs – notary fee etc) (subject to terms & conditions).
The developer is offering a guaranteed rental income on a sliding scale, index-linked to the Dwellings Rent Index of France, and NET of all management charges and running costs.
Tax status
- Scellier-Bouvard:The French government is offering an extra 20% income tax rebate on French leaseback properties, which is in addition to the 19.6% VAT rebate. Introduced on 1 January 2009, the Loi Scellier (Scellier Law) allows French residents to offset 20% of the purchase price of a French leaseback property against their income tax. The rebate is spread evenly over a nine year period and is limited to leasebacks with a purchase price of €300,000 or less, and is only applicable to one property per year.
- LMNP (Loueurs en Meublés Non Professionnel) / LMP (Loueurs en Meublés Professionnel )
Completion is scheduled for December 2013.
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