Prices from: EURO € 295,000
Description:

L’Ours Bleu, your new luxury property in Chamonix Valley (Vallorcine) leaseback or classic purchase with VAT - invest in last area of Chamonix valley to be developed. Excellent investment and capital growth close to Geneva.

Nestled in the heart of the “Aiguilles Rouges” mountains, along the river “L’Eau Noire” at 1260m high, Vallorcine offers a dramatic environment in a charming village

A short distance from the Swiss border and popular resort of Chamonix, this authentic resort benefits from an impressive traditional Alpine surroundings.

This superb  4* development  will consist of luxury and spacious apartments, in a ski-in ski-out position and right next to the brand new cable car. There will be a Spa and pampering  centre, bar and a restaurant with terrace right by the cable car.  The properties will range from 1-bed apartments (40-50m2) to 4 bed duplex apartments and include indoor parking and 4* furniture package (fully equipped bathrooms and kitchens).

The facilities

Extensive living rooms, cosy interiors, a home cinema, a large LCD satellite television with DVD player and PC media centre with WIFI and internet access. In addition, each bedroom is equipped with a further LCD satellite television. There is also a heated indoor swimming pool, a sauna, a hot tub, a massage room and a gym featuring the latest equipment.

Some examples of property prices fully-furnished and equipped with private indoor parking:

1 Bedroom (40m2 + terrace) - 295,000 euros

2 Bedroom or 2 bedroom duplex (50-60m2 + terrace) - 295,000 -395,000 euros

3 Bedroom or 3 bedroom duplex (80m2 + terrace) - 470,000-620,000  euros

4 Bedroom duplex (105m2) - 690,000- 755,000 euros

Leaseback option (see below for leaseback terms):

Full 19.6% VAT advance (96.5% property price + legal fees can be financed)

Guaranteed yield up to 3.80% (+ 1 point after 10 years based on last five-year rental index) and flexible use. Completion for Dec 2008

Classic purchase: if you wish to use your property whenever you wish without guaranteed rentals, you have the immediate freehold purchase option. Just add 19.6% to price.

In Vallorcine, rediscover the simple pleasures of the mountain life in a charming old-fashioned “haut-Savoyard” village.

Cultural heritage

This small area of the Alps is rich in history. Vallorcine itself was named after the presence of the bear in this region of the Alps. Ramble along its footpaths to discover this charming area. The exceptional heritage of this wild valley comprising numerous pretty hamlets.

The ski area.

From the village, a brand new cable car will take you up to the ski domain of Balme. From here enjoy the superb Mont Blanc ski area where beginner as well

as expert skiers will find a variety of challenging and enjoyable slopes. A 10 minute train ride will take you to the Grands Montets range, which is renowned for its fantastic slopes.  One of the most internationally famous ski runs can also be found in the Chamonix valley, the Vallee Blanche.  With its 10 miles of glaciated terrain, this is one of the largest off-piste runs in the world.

Vallorcine  is part of the Skipass Mont-Blanc ski domain which includes Chamonix-Mont-Blanc, Le Tour, Argentiere, Le Contamines Montjoie, Combloux, Cordon, Passy Plaine Joux and Praz sur Arly.

The ski domain in Vallorcine  Click for map


In the UK press:

Vallorcine is a tiny, unspoilt Savoyard village about 20km up the valley from Chamonix and Argentiere, and one of the few remaining 'secret' Alpine resorts. Great because it's easily reached from Geneva, you avoid the crowds of Chamonix, (which is near enough for fun in the evening if desired) but still within reach of Les Grands Montets and La Vallee Blanche.

There's a brand-new fast lift up to Le Tour, which gives great family skiing (reds and blues mainly), but with tricky off-piste for advanced skiers. When we first went there two seasons ago, we walked from our hotel 2km into the centre of the village and didn't pass a single soul on the way. At first it seemed a bit odd, but we soon realised we'd stumbled across a gem – empty, beautiful, with clear non-light-polluted skies at night, a couple of small restaurants and hotels and not much else. Perfect!

                                                                                                                                          FT.com 

The leaseback scheme explained

The leaseback is for a period of 9-11 years with the 19.6% VAT paid by the promoter giving you almost 20% discount on your property purchase.

 The 3 different leaseback options:

 1) Investis

You are purely willing to invest in your exquisite ski property ,want to benefit from a competitive return on investment and exit the hassles of the management and costs.

Features:

Ø      VAT rebate of 19.6% (paid by ImmoConcepts)

Ø      Exceptional guaranteed yield of up to  4.2%HT (* Based on apartment price excl.VAT (excl pkg and excl furniture)

Ø      No use of the property

Ø      Full management for 9 years (renewable)

Ø      Rental income index-linked at 100% every 3 years

Ø      Discounts on public prices of 15%  on Endeavour Chalets&Lodges catalogue

Ø      Co-owners charges of €25/m2annum

 
2) Leisuris:

You are willing to become the owner of an exquisite ski property. You want this property to be fully managed when you are not around and accessible for your family holidays.

 Benefit from the VAT rebate, from a competitive guaranteed income a competitive income as well as a generous holiday budget for your own pleasure..

Benefits

Ø      VAT rebate of 19.6% (paid by ImmoConcepts)

Ø      Benefit from a global guaranteed yield of 4.1%

ü      3.10% cash income

ü      1% holiday budget* - holiday budget = approx. 3 weeks to be picked on catalogue

Ø      Full management for 9 years (renewable)

Ø      Co-owners charges participation: 25 euros/m2/annum

Ø      Rental income index-linked at 100% every 3 years

Ø      Discounts on public prices of max 15% when budget exceeded

Ø      Exchange program: yes ( possibility to use holiday budget in other residences – Tignes – Morillon – Morzine - Flaine)

Ø      Possibility to resale all pre booked weeks

*(1% based on the apartment price excl.VAT)

 

3) Deductis:

You want to become the owner of an outstanding secondary home with a reduced price, benefit from a full management of your property and enjoy it as well.

Benefit from the 19.6% VAT rebate, from an upfront 18.6% rental income advance based on an 11 year management. In total make a savings of 35% on the price of your property.

·         Upfront reduction of 35% in total (VAT+ income of 15.4%)

·         Private usage of 6 weeks

Ø      3 weeks in the winter ( 1 VH – 1M-1L)

Ø      3 weeks in the summer (1VH, 2L)

·         Lease contract of 11 years

·         Possibility to resale the pre booked weeks

·         Exchange program: yes

 All services offered to clients are offered to you with VIP access to the heated swimming pool as well as Spa facilities. You benefit from a further 15% discount on brochure price for any week outside your personal use allowance.

Exceptionally during the inter seasons in autumn and spring, you can use your property as you wish (200 euros a week is to be paid towards costs with reservation at least 2 weeks in advance). There is no access to Spa and swimming pool in those periods.

Personal use Calendar and coefficient:

Winter season
Very high season (New Year’s week, February French school holidays): 0.55%

High season (Christmas week, March): 0.40%

Mid-season (Easter French holidays in April): 0.35%

Low season (January and April excluding French school holidays): 0.20%

Summer season

High season (mid-July to end of week including 15^th August): 0.20%

Low season (June to mid-July, mid-August to end September): 0.10%

 

 This is only a brief description of the property contact us for more details at

info@skipropertyshop.com

For more ski properties in the area, send us an e-mail and we shall search it for you free of charge.

Do not hesitate to ask for a French mortgage quote as the interest rates in France are lower than in UK.

We can help you finance up to 100% of your property + legal fees

If you like this property our French team in UK will assist you all along until completion of the sale.

This service is entirely free.

 

 

City: Vallorcine
Property type: Apartment
Near: Chamonix
State: Haute-Savoie
Country: France