Homes Abroad the UK's leading guide to Holiday Homes Abroad

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  • Rhone Alpes
Price £127,890
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Property Description

Ski Leasback
100% Finance Deal!!
Closing Costs Paid!!
4.5% Cash-Back!!
18% Below Market Value!!
4.02% -4.24% Net Yield

THE CONCEPT: Residence Flaine Foret has been built to cope with the ever increasing demand for upmarket residences in the big French ski resorts. This residence ticks all the boxes in terms of a top location in a big ski resort, luxury services and great architecture and interiors making it extremely desirable for holiday goers and apartment owners alike.

THE DEVELOPMENT: Residence Flaine Foret is a luxury 4**** ski-in-ski-out residence situated close to the centre of the resort just 15 metres from the chairlift at an altitude of 1700m ensuring good snow coverage throughout the ski season. The residence comprises 90 south facing, comfortable and well-equipped apartments each with a panoramic view of the valley below. It has its very own spa area with an indoor heated swimming pool, sauna and Jacuzzi & massage room, a reception-lounge, indoor and outdoor parking (very rare in Flaine as it is a pedestrianized ski resort). There is also disabled access, Wifi, security, washing services and a luggage room. The deal being offered is as follows: Closing costs paid, cash -back of 4.5%, 100% finance (subject to status), VAT (19.6%) paid by the developer, a NET yield up to 4.24% and options for personal use. This residence has an average price of 5,875 Euros/m2 which when compared to a similar residence nearby called "Les Terrasses d'Helios" at “Flaine Montsoleil” selling at an average of 7,082 Euros/m2 represents a saving of 18%- a huge amount in such a high quality residence in such a ski resort as Flaine. The residence is managed by Eurogroup, the 4th largest in France ensuring peace of mind and a profitable investment.

THE PROPERTIES: There are 1 to 3 bedroom apartments available equipped with a dishwasher, 4 ring hob, microwave oven/grill, fridge & TV. Each apartment has its own private balcony/terrace with magnificent views, a ski locker and comes with a fully fitted and equipped kitchen and furniture pack included in the price so it is ready to rent out/use immediately. THE LOCATION: The Flaine Foret area is a relatively new addition to Flaine with more modern, upmarket buildings. Flaine is situated between Geneva and Mont Blanc and comprises 5 different ski resorts (Flaine, Sixt Fer-a-Cheval, Samoens, Morillon and Les Carroz) into one large ski zone, the “Grand Massif”, creating a ski area with 265km of downhill ski runs up to an altitude of 2,500m making it the 5th largest ski zone in France. Flaine has an excellent choice of activities and facilities with plenty of good bars and restaurants, shops, nursery, a crèche, medical facilities and a ski school.

ACCESS: Flaine is located 91km from Geneva International airport which takes roughly 1 hour to reach by coach/car. There is also a train station at Cluses (30km) and Geneva/Annemasse (70km) making access very easy.

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