Leaseback in Morillon Ski in the Grand Massif

Reference: Le Buet - 14 Bedroom Investment - €92,000 (Studio apartments)
Location: Bonneville, Morillon (Flaine)

150 yards from the ski lifts
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€92,000 is approximately :

Australian Dollars : $157,132
British Pounds : £74,180
Canadian Dollars : $142,484
Hongkong Dollars : $1,059,369
Japanese Yen : ¥14,757,698
New Zealand Dollars : $192,763
Swiss Francs : F148,402
US Dollars : $135,651

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

For Sale
Rhône-Alpes, Haute-Savoie, Bonneville
€92,000



BedroomsHabitableLand Size
142870m2 ?



This Property is For Sale by Findhomeabroad Ltd

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Highlights

  • A few miles from Geneva airport
  • Highly flexible leaseback options
  • Operational so you can start using the property straightaway
  • Excellent ski domain of Grand Massif
  • Price around 3.200 euros/m2

Description


Location (minutes from Geneva airport)

Morillon Les Esserts is an ideal family resort, catering for Alpine skiing fans as well as offering many different activities. It is a totally pedestrian resort, surrounded by forests and with a magnificent view over the valley.

The development

The development, in Morillon Les Esserts (Flaine), is situated at the foot of the ski slopes and just a stone’s throw from the nearest ski lifts. It is already built and already operational. The guarantee of a leaseback investment

All the apartments, from the studio apartment for 4 pers to the 4roomed apartment for 8 pers, are fully equipped (electric hotplate, microwave, dishwasher and fridge) bathroom, generally separate toilet, television (with supplement) and balcony.

Ski lockers and a free, outdoor car park near by are at your disposal.

There is a general grocery store at Morillon Les Esserts and all shops in the village of Morillon (5 km away).

Some examples of property prices including furniture and VAT:

Studio apartment (sleep 2/3), 28m2 + 8m2 balcony: 93,000 euros

1-bed apartment (sleep 4), 34m2 + 6m2 balcony: 101,000 euros

3-bed duplex apartment (sleep 8), 62m2 + 6m2 balcony: 187,000 euros

The 9-year leaseback options:

The 1st option is Cashback leaseback: The 9 years rental income is paid up front. It represents 13.61% of the total property price including VAT.

2 options for the payment:

1- A discount: The rental income can be delegated to the developer covering the last stage payments

2- Cash: the buyer finances the full price of the apartment and gets the rent in cash, upon completion.

Personal use included: The buyer benefits from 8 weeks (2 high season, 3 med. season and 3 low season. Exchange option on a selection of resorts as part of the Odalys catalogue. The non-occupied weeks can produce rental income at 50% of the public tariff charged by Odalys.

The second option is On-Demand Leaseback:

The on-demand lease contract aims to fulfill investment, personal use or both.

-A guaranteed rental income of 2% against 12 weeks given to Odalys. Still numerous possibilities of occupation in high season.

-Personal use up to 40 weeks a year with choice of occupation which can vary each year.

-Extra weeks can be given to Odalys when not occupied. Extra rental income represents 50% of the public tariff collected by Odalys (catalogue price). For example, Odalys'occupation rate is between 68 and 75%. On a conservative rate of 60% it will provide you with up to 5% yield.



Skiing area

• The Grand Massif is made up of 5 ski resorts linked together : Flaine, Les Carroz, Morillon, Samoëns et Sixt Fer à Cheval

• 265 km of ski slopes

• 75 ski-lifs

• Snowparks

• Cross country skiing : 60 km of tracks at a distance of 5 km from the resort

Ski school


Access

- By car: A6 motorway Paris-Macon then A40 Macon-Cluses.

A43 motorway Lyon Annecy, then A41 and connection A40 exit Cluses,Scionzier. Morillon is 20 mn from the A40 interchange.

From Cluses, direction Samoëns. After the Col of Chatillon, take direction Morillon; then at Morillon-Village, follow Morillon 1100 Les Esserts.



- By train: Cluses (TGV from Paris)

or Bellegarde (Paris-Geneva line) railway stations Taxi links



- By plane: Grenoble airport, Chambery airport (100 km from Morillon), Lyon (180 km) or Geneva (55km). Bus links from Geneva Airport.


Places to go in winter

- Torchlight descent

- Villages of Samoëns, Sixt and Taninges

This is only a brief description of the property contact us for more details.

For more properties in the area, type the destination in the keyword search on the top left of our homepage or just sends us an email and we shall search it for you free of charge.

We have teamed up with France’s best mortgage broker so don’t hesitate to ask for a quote as the interest rates in France are extremely low and our partner can help you finance up to 100% of your property
If you like this property our French team in UK will assist you all along until completion of the sale.

This service is entirely free.

Features

  • Bedrooms: 14
  • Habitable Space: 2870 m2
  • Village
  • Ski
  • Balcony
  • Terrace
  • Swimming pool
  • Lake
  • Double glazing

Condition and Utility Information

  • Condition - Restored / Habitable
  • Roof - Good Condition
  • Drainage - Mains
  • Water - Mains
  • Heating - Central heating
  • Electricity - Mains



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