Leaseback resale in Saint Chaffrey - 1 bed apartment in a 4star Residence with poo...

• Sextant French Property
• http://www.sextantproperties.com
• Tel: 020 7428 4910 info@sextantproperties.com

• Bedrooms: 1

• Condition - Restored / Habitable

This superb 4 star residence offers a 1-bedroom leaseback resale apartment, in a prime position close to the slopes and lifts, and with an indoor/outdoor swimming-pool, bar and restaurant.

Property type : Resale Leaseback Apartment
Address Saint Chaffrey
Accommodation 1 bedroom
Price €124,200 Size 34.66 sqm
Deposit 5% to Notary
Delivery date delivered
Yield Up to 4.79% net cash + 2 weeks occupancy
Balcony 17.40 sqm


The development:
The superb 4 star residence L’Adret is right at the centre of the village of Chantemerle, at the heart of the Serre Chevalier Valley and within easy reach of the slopes. The residence offers a contemporary interior design behind a traditional Alpine façade, with stunning facilities such as an indoor/ outdoor heated spa swimming pool from which you can contemplate the surrounding summits, an après-ski lounge, a sunny terrace, reception and elegant bar/restaurant. There are 52 apartments, and the residence is across the road from the main ski lifts

The Apartment:
The apartment offers an entrance hall, a bathroom with WC, hair dryer, towel dryer, a kitchen with dining/sitting area with flat screen TV and sofa bed, a bedroom, and comes with a ski locker, a terrace and a secure parking space.

The location:
Located in the Southern Alps of France, Serre-Chevalier is the second largest ski area in the world and a true paradise for sports lovers during summers and winters with 115 runs adding up to an incredible 250kms of ski slopes. The vast area is serviced by 68 lifts. Ski altitude is between 1,200m and 2,830m, with skiing suitable for all levels, especially the beginner and intermediate. In addition, there are 35kms of superb cross-country trails throughout the area, as well as some great off-piste for snowboarders. Serre-Chevalier benefits from an exceptional environment listed by Unesco as World Heritage, and despite being one of the most northern points of the Provence Cote d'Azur region, the area benefits from a true Mediterranean Alpine climate with over 300 days of sunshine every year. Serre-Chevalier has spectacular mountain scenery and beautiful runs through France's biggest larch forest. The resort with 13 villages is spread over 4 areas: Briancon, Chantemerle, Villeneuve la Salle and le Monetier les Bains, at the gates of the Ecrins National Park. All these beautiful villages are all linked into the local ski area.

Activities:
Activities available locally are skiing, cycling, kayaking, horse riding, hiking, sledging, snowshoeing, ice skating, parapenting, swimming, canyoning, rafting, paragliding, ice driving and more.

Local food and gastronomy:
Meat and cheese feature heavily in Alpine cuisine, with produce including Bleu du Vercors-Sassenage, Petafine, fish (trout) and dishes such as petafine, bleu du vercors, nuts, chartreuse (alcohol) and sausages. Typical dishes are raclette (melted cheese served with charcuterie), fondue (melted cheese) tartiflette (a gratin with potatoes and Reblochon cheese), and rissoles (pear pasty).

The management company:
The management company specialises in leaseback developments, hotel residences and holiday schemes throughout France

Investment Scheme:
Commercial lease of 9 years (ongoing)
Investment option: 2 weeks occupancy
Rental income: in 2011: 3.82% (€ 4750/year) cash + 1.84% occupancy (€ 2184) = real yield of 5.66%, going up in 2012 to 4.79% (€5950/year) cash + 1.84% occupancy (€2184) = real yield of 6.63%

Financing:
We have our own French mortgage brokerage service in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage, we can get the right mortgage for you.

Access:
Serre-Chevalier is located in the southern part of the Alps, close to the Parc National des Ecrins, in the Hautes-Alpes department of the French Alps. 3h from Lyon, 2h from Grenoble, 3h from Marseille, 85min from Turin, 15min from Briancon.

By car: from Paris the journey should take just over six hours, with a distance of 637kms. Road tolls will cost around €35.

By train: by the Eurostar it only takes two and a half hour from London to get to the centre of Paris. There are regular trains from Paris to Briancon. There are regular bus services from the station to the resort. High speed TGV trains also run from Paris to Oulx (Italy) with a transfer by coach to the resort (the journey time is approx 5h).

By plane: Low cost flights are available from England to Turin with airports transfers straight to the resort. The Roissy Charles de Gaulle airport is 40 minutes from Ennery. There are also low cost flight to Grenoble, Lyon and Marseille with a 2 to 3h transfer to the resort.

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