Exciting ski opportunity Prices from ?106,000 incl. VAT Up to 4.0% guaranteed rental income VAT refund scheme - extra 19.
Ref: FAP/P1714000001105130
Further details
Overview/Summary
An exciting opportunity to invest in a quality ski development, of 92 units in Val dAllos, Southern France. Set at 1,500m, and with lifts up to 2,600m, this is a good area for beginners and intermediate skiers alike. There are over 100 pistes
to ski, making this a popular ski destination.
Val dAllos is but 83 miles North of Nice, and with stunning mountain backdrops,woodlands and lakes, this is a resort that is as attractive for summer holiday breaks as it is for its skiing.
The apartment development Residence Le Seignus is built to a high specification, with many apartment having balconies and panoramic mountain views.
The prices start from 106,000 for a small studio, rising to 302,000 for a top floor penthouse duplex. The majority of apartments are priced between 130- 150k (including VAT).
As an incentive to long term investors, the French government operate a sale and leaseback arrangement, that is applicable on this development. This investment includes a full VAT refund (19.6%) from the purchase price on ompletion
(see enclosed information for full details).
The VAT refund, when combined with the 20% deposit required for purchase, adds up to an attractive opportunity for the long term investor.
Rental returns are guaranteed at 3.50% indexed (see developer notes for exact details) and include 3 weeks personal availability per annum, although this can
rise to 4.00% per annum for investors not wishing to take their personal usage.
The French property market has seen steady, consistent growth, especially in areas of good rental return, and we believe that Val dAllos is set to continue growing in capital values over the medium to longer term.
The combination of quality product, all year round ski and summer market, guaranteed rental returns, mortgage facilities, VAT refund and the potential for medium to long term capital growth, make Residence le Seignus a strong investment story.
Prices
Studio apartments
From 106,264 up to 110,780 incl. VAT
1 bed apartments
From 117,289 up to 159,854 incl. VAT
2 bed apartments
From 139,109 up to 224,213 incl. VAT
2 bed duplex apartments
From 161,340 up to 302,597 incl. VAT