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Opportunity to acquire a leaseback apartment in the heart of Les Portes du Soleil. This development will be built in a traditional style and will sit at the foot of the slopes in Chatel offering easy access to the slopes and to the village of Chatel for Après-Ski activities and local amenities. 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. This is the price for a one bedroom apartment. The 2 bedroom cabine apartments start at 209.374 Euros.
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. Completion of the build will take place in December 2012.
Chatel is a picturesque resort in France 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
