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Large House in Pyrenean Ski Resort With 3 Apartments - Amazing Potential Return


€185,000Price: 
Click to Convert IPF Mortgage Calculator
Reference: IFPC12531

Region: Midi-Pyrénées
Department: Ariège
Nearest Sizable Town: Lavelanet
Location: 200 meters from the ski lift

Chalet front
8 Bedroom Block of Flats - €185,000 Location: Midi-Pyrénées, Ariège, Lavelanet : 200 meters from the ski lift
Bedrooms : 8
Habitable Size : 288m2
Land Size : 190m2
Midi-Pyrénées, Ariège


This property is For Sale by a Private Vendor

Highlights

  • Unique development opportunity
  • Closest resort to Toulouse
  • Excellent value family resort
  • Very beautiful and diverse area
  • Close to Andorra

Features

  • Bedrooms: 8
  • Village
  • Ski
  • Balcony
  • Terrace

Condition and Utility Information

  • Condition - Partially Restored
  • Roof - Good Condition
  • Drainage - Mains
  • Water - Mains
  • Heating - Electric
  • Electricity - Mains

Description

A very real opportunity to start a new life running a business with excellent potential return in a French ski resort, or simply refurb and sell at a profit. The building comprises of three large apartments of 96m2 each. The apartments have been solely used for rental purposes since the building was built in the 1980’s and offer a solid basis as a business whether it be as individual apartments or as a hotel or bed and breakfast. The interiors, electrics and plumbing are in need of modernisation and have essentially been left as a blank canvas for the future investors. The building sleeps up to 30 people at the moment. Possible uses:


  • Conversion from 3 apartments into 6

  • Hotel

  • Bed and breakfast with cafe

  • 2 large apartments with 3rd for the owners to run it from

  • Large family home

  • etc


The ski resort of Mont D’Olmes is thought to be one of  the most attractive resorts in the area with good annual snow fall due to the north facing slopes. It is also the closest resort to Toulouse, which guarantees healthy numbers on the slopes and in the apartments throughout all peak times. The resort is currently the subject of investment from road improvements to a new chairlift lift system which was installed in 2007 and is guaranteed to become more popular than it already is.  The house is around 250 meters from the main lifts and one of the closest in the resort to the piste.


The local area also offers a diversity which lends itself to year round rentals unlike most ski resorts, particularly those found in the Alps. The local area – The Ocitan is steeped in Cathar history with Chateau Montsegur on the drive up to the resort. Combine this with the rich viticultural heritage of Corbieres, Minervois and Fitou nearby and cities like Carcassonne, Toulouse, Lourdes and Perpignan and you can quickly see why it is an excellent base to explore Southern France, The Pyrenees, Northern Spain and Andorra at anytime of year. There is fishing in season, trekking, mountaineering, ski-de-fond, horse riding, mountain biking and many more sporting and cultural pastimes to be found in the local area.


Cheap flights can be made daily from the UK to Toulouse with Easyjet or Carcassonne with Ryanair.


The resort has now developed a summer business as well thanks in part to the new chairlift, with restaurants and the alimentation open through the key months, mountain bike rental available and prepared single track rides throughout the area. This short video shows clearly the potential - http://video.mpora.com/watch/Ndsi9ew9u/


Mont D’Olmes is also only a stones throw from other major Pyrenean resorts such as Ax les Thermes and less than 1 hour from Andorra for excellent skiing and shopping. The possibilities really are endless!


The property comes with its own website, which ranks second on the Google search page where further images and information can be found - www.mont-dolmes.com


Resort website with webcam - http://www.montsdolmes.com/



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foreign currency converter
Currency Conversion powered by FC Exchange,
an FSA authorised institution for international money transfers

€185,000 is approximately :
Euros : €185,000 Rate: 1.0000
British Pounds : £148,344 Rate: 0.8019
US Dollars : $232,574 Rate: 1.2572
Swiss Francs : F222,264 Rate: 1.2014
Canadian Dollars : $238,404 Rate: 1.2887
Australian Dollars : $237,618 Rate: 1.2844
Hong Kong Dollars : $1,804,874 Rate: 9.7561

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

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