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Apollon Holiday Village >
Location: Rhone Alpes - France
Property Reference: PA53-azuLGL
Price: £116,952
French Leaseback Offer:
Opportunity to acquire leaseback property in the internationally acclaimed ski resort“Les Portes du Soleil”.
The development will be built in a traditional style and will sit at the foot of the slopes in the heart of the Portes du Soleil ski resort, offering easy access to the slopes and to the village of Chatel for Après-Ski activities and local amenities.
Chatel is a picturesque resort located near the Swiss border and offers plenty of things to do for skiers and non-skiers alike. Ski enthusiasts can enjoy access to the World’s largest linked ski resort with its extensive 650 kms of marked slopes ensuring that they won’t be bored for many years to come!
The apartments are being sold fully furnished with traditional Savoyard furniture in keeping with the mountain spirit and vary from studio to 2 bedroom apartments.
Onsite facilities will include communal lounge with fireplace, indoor and outdoor heated swimming pool, sauna and Jacuzzi – perfect for relaxing after a long day on the slopes! Each apartment will also benefit from car parking and ski lockers.
The properties are being sold with a leaseback arrangement offering owners the opportunity to purchase without paying French VAT at 19.6% and the ability to earn a rental income from the property whilst not having to manage it themselves. Two rental options are available:
a. 3.8% yield with no personal use b. 3.4% yield with two weeks personal use for owners: 1 week to be taken in Winter outside of school holidays between Christmas and Easter. 1 week to be taken in summer from the end of the French Easter School Holidays until the last Saturday in July.
With both options owners also have a 20% discount on the management company’s brochure as well as a 50% discount on last minute weekend breaks.
French mortgages are available up to 100% of the property price excluding VAT meaning that purchasers have very little cash outlay if they wish. Alternatively, investors wishing to seek a balance between rental income and mortgage payments can put down more initially and can achieve cash neutrality.
Completion of the build will take place in December 2012.
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