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| FACILITIES |
| Property Type: Apartment |
Property Site: Mountainside |
| Country: FRANCE |
City: |
| Zip Code: |
Region: Isère |
| Address: |
Vacation Property (for rent): No |
| Construction Year: 2008 |
Surface Area: |
| Bedrooms: 1 |
Bathrooms: 1 |
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| DESCRIPTION |
TYPE: Studios, 1 & 2 bedroom apartments priced from €75 000 to €187 000
LOCATION: Chamrousse 1650
REGION: Isere French Alps
DEVELOPMENT: Les Balcons de Recoin
PROPERTY: Leaseback refurbishment
DELIVERY: 1st QTR 2008
Key selling points:
4 net guaranteed rental yield with 2/3 weeks holiday use
Ski-in-ski-out residence in the heart of the Chamrousse resort
Next to ski lifts, bars, restaurants & shops
Spa complex including swimming pool
Low entry level prices
Ski lockers and parking
Strong capital growth potential
All year round resort
High altitude resort
Half an hour away from Geneva
Full VAT refund
Fully managed residence: www.cela.fr
100 financing available
60 km from Grenoble Airport / 90 km from Lyon (St Exupery) Airport
30km from Grenoble train station
The Location:
Chamrousse is situated in the Isere region, half an hour away from Grenoble. Located at an altitude of 1700 metres south of the splendid Belledonne mountain range, Chamrousse resort dominates the valley of Grenoble with penetrating views over the surrounding mountain ranges of the Oisan, the Vercors and Chartreuse. Chamrousse is divided into two resorts, linked by a regular bus service. There is ‘Recoin’ at Chamrousse 1650 and ‘Roche-Beranger’ in Chamrousse 1750 both of which have been the location for an ambitious regeneration program in the last few months. This includes the renovation of existing buildings and the development of new residences and facilities. On site facilities include shops and restaurants, the quality of which would usually be found in the bigger French alpine resorts. It has been tipped as one of the best places to invest in the French Alps as prices here are still very reasonable in comparison to the larger resorts. The combined skiing area has 77km of marked trails reserved for Alpine skiing and 40 km of cross country skiing trails in the forest plateau of Arselle. There are slopes for boarders and skiers of all levels as well as a snow park and mini boarder cross. It is a very popular resort with locals and was even used as an Olympic site in 1968 where Jean-Claude Killy won his medals! Situated to the south of the Belledonne mountain range, this winter sport resort dominates the Grenoble valley and offers beautiful pone forests as well as breathtaking views of the L’Oisan, le Vercours and la Chartreuse massifs. There are a whole host of activities as well as skiing such as paragliding, hiking, climbing and golf, making Chamrousse resort a perfect all year round holiday destination!
The Development:
The Balcons de Recoin residences represents the most ambitious project in Chamrousse to date. Situated in Recoin 1650, the residence benefits from a sought after location only a stones throw away from all facilities, including ski lifts. It is possible to ski to the front door of the residence. Composed of four buildings each with 5 levels, the development includes a welcome room where guests can relax and a 450 m2 spa complex including a heated swimming pool and lounge with panoramic mountain views. The architects Yves de Preval and Farice Mathon have designed the residence with a contemporary feel using traditional materials mixed in with modern metal and glass surfaces. They have optimised the use of space and are making the development 100 functional. The fully furnished apartments range from studio to 2 bedrooms and all have private balconies and a fully fitted kitchen including cooker, fridge, microwave and washing machine. Each apartment benefits from a ski locker and exterior or underground parking.
Leaseback, Investment and Finance Details:
With low entry price levels, this development is a fantastic investment opportunity with guaranteed rental income secured by a commercial management lease backed by the French government sponsored leaseback scheme, with a full VAT refund. An initial 11 year lease is offered providing guaranteed rental yields of 4 including 2-3 weeks personal usage included. |
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FEATURES
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| Furnished:: |
No |
Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
Private No
Public No |
Garden: |
PrivateNo
Public No |
Parking: |
Private No
Public No |
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