Opportunity - Large Building Comprising 3 Ski Apartments in Pyrenean Ski Resort

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

• Bedrooms: 5
• Village
• Ski
• Balcony
• Terrace

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

Unique Opportunity to Buy Large Building Comprising 3 Ski Apartments in Excellent Pyrenean Ski Resort The building comprises of three large apartments that are clearly shown in the following plans. The apartments have been solely used for rental purposes since the buidling was built in the 1980s and offer a solid basis as a business whether it be as individual apartments or as a hotel or bed and breakfast. The interiors are in need of modernisation and have essentialy been left as a blank canvas for the future investors. 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 French government has recently invested millions of euros in the resort from road improvements to a new chairlift lift system which was installed in 2007; all of which guarantees the resort will become increasingly popular. The house is around 250 meters from the main lifts and is 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, particuarly those found in the Alps. The local area – the Occitan – is steeped in Cathar history with Chateau Montsegur on the drive up to the resort. Combine this with the rich viticulturural 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 any time of year. There is fishing in season, trekking, mountaineering, ski de fond, horse riding, mountain biking and many more sporting and cultural passtimes to be found in the local area. 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 and arapao rental available and a massive 230km of prepared single track rides throughout the Pays d’Olmes area. Mont D’Olmes is also only a stone’s throw from other major Pyrenean resorts such as Ax les Thermes and less than one hour from Andorra for excellent skiing and shopping. The possibilities really are endless! Layout of the Property: Ground Floor – 1 apartment on 1 floor with dormitory style accommodation, bathroom (with shower), separate lavatory, kitchen, extra bedroom and sitting room/dinig room 1st Floor – 2 maisonette style apartments on 2 floors with 3 bedrooms each (3rd bedroom requires utilising the garage which is useless in winter), kitchen, sitting room/dining room, bathroom (with shower) and separate lavatory 2nd Floor - 2 maisonette style apartments on 2 floors with 3 bedrooms each, kitchen, sitting room/dining room, bathroom (with shower) and separate lavatory. The roofspace is sound as is the roof with room for storage or possible conversion. The chalet as a business Since 2006 we have been running one of the apartments as a rental property which is currently advertised online with Abritel, MediaVacances, 123SkiChalets and HolidayRentals. The chalet has its own website at http://www.mont-dolmes.com and is already booked for rentals during December 2009 and February 2010. Land – The land is front of the house is owned jointly with the chalet some distance away. There is no planning permision for further properties around the house, so the view will remain unspoilt. There is the chance however that the land could be bought and developed for a reasonable price. Current Rental Prices per Apartment: High season €1000 per week in Christmas and New Year €500 per week in February, March, Easter & August Mid season €400 per week in January, June, July, September & December Low season €300 per week in April, May, October & November N.B. - 100 Euro a week is charged for electricity in the colder months Refurbishment Costs: Please contact us for our Excel spreadsheet with a basic overview of what costs are involved to refurbish and furnish the apartments to a good standard for rental. We can also recommend skilled builders who know the apartments to carry out any work, with both French and English speaking staff. Mortgages: We can also help reccomend local banks and someone to translate if required. It is quicker and easier to arrange your mortgage in France than through UK brokers or the UK arm of a French bank. The property currently has a mortgage with Banque Populaire in the local town of Lavelanet, and we are sure that they would be keen to retain the business if a mortgage is required. Taxes and Costs: Habitation and Fonciere tax combined with TV licence come to around 2,000.00 Euro per year. There are no water rates due to using ‘source’ water from the mountain as far as we are aware. Electricity costs around 300 Euros a quarter, but the house is well suited to installing solar power and reducing this cost. The cooker hobs runs of a butane gas bottles (common in France) and costs around 60 Euros a year each. Wood can be purchased from local retailers for the open fires in the upper two apartments. These costs are based on the property being used all year. A telephone can be installed and it is possible to utilise a dial up connection for the internet with unlimited monthly access costing 20 Euros. Broadband access is in the valley and this may now also be available in the resort. Activities nearby Walking, Cycling, Skiing, Water sports, Fishing, Golf, Horse riding, Tennis Local amenities: Mont D'olmes – Mont D’Olmes is a real treasure of a Ski resort, still relatively unknown to the masses, there is great skiing, snow boarding or sledging. The adult ski passes are extremely cheap compared to the Alps at 242 euros for the whole season (2009/2010). There are 23 pistes with 11 ski lifts and more planned. Bars, restaurants, ski hire shops are plentiful and the resort caters for all levels as well as catering for young families. The season runs from Dec 1st - March 31st. There is excellent walking up to the top of the resort with breathtaking views of the many mountain peaks in the next valleys - the home of deer, brown bear and wild boar. In Montferrier, the closest village (9 miles downhill), there is a Patisserie/Boulangerie and Salon de The, a tabac / grocers, post office, Chez Patillos Restaurant, tourist information office and a museum. There is also a beautiful 11th century church. In summer, there is fresh trout fishing and the possibility of swimming in the mountain sourced river! Nearest Town & Attractions: Lavelanet - 10 mins drive away- 2 supermarkets, 2 estate agents, several boulangeries, café, bars, bistros and restaurants, a cinema, tourist information and plenty of shops. There is also a local weekly market and many fetes throughout the year. Lac Montbel - 15 mins away – beautiful blue lakes with windsurfing, canoeing, swimming, fishing, and pedaloes. Man made sandy beaches, with bar and restaurant. Chateaux Montsegur – A stunning chateau about 5 minutes drive away. Steeped in history, this was the last point of resistance by the Cathars against the invading crusaders, after a long siege, hundreds were burnt to death for refusing to denounce their faith. Mirepoix - 20 mins - This charming medieval city with a stunning cathedral is structured around the market square by timber framed houses that have perched upon large timber supports for hundreds of years. There are many attractive bars and restaurants and many antique shops to browse in. Market day is on Monday, where you can buy locally grown produce and handmade arts and crafts. For those looking to invest in a property there are several estate agents. Foix - 20 mins - This history rich town is dominated by the famous "Chateau de Foix" which looms over a maze of cobbled streets packed with interesting little restaurants, cafes and shops. The busy market is twice a week. There is an excellent golf course nearby and for the more adventurous there is a facility for hang gliding. Transport Links from the UK: Air – The closest airport is Carcassonne served by Ryanair from London Stansted with 2 flights a day. This airport is 1 hour and 5 minutes from the house by car. Toulouse airport is served by Easyjet and British Airways from London Gatwick with plenty of flights each day. This airport is about 1 hour and 30 minutes from the house. Car – The journey from the London area to the house is around 800 miles using any port in Northern France. You can however sail from Portsmouth and Plymouth to Santander or Bilbao on a 2 hour crossing, which gives a shorter drive to the house of around 250 miles. Train – To utilise the fast TGV routes to Toulouse or Perpignan you need to hub through Paris and this can take some time. Price: Offers in the region of 199,000 Euros as the property includes beds and soft furnishings, cookers and kitchen ware. Website: www.mont-dolmes.com (sold with the house) Contact Details: Jonathan Mearns Tel – 0044 (0) 7977 043 336 Email – jmearns@greenrock.co.uk

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