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Megeve

Reference: 1001020 - 1 Bedroom Leaseback - €300,000 (from)
Location: Haute-Savoie, Megeve

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€300,000 is approximately :

Australian Dollars : $589,802

British Pounds : £259,099

Canadian Dollars : $477,703

Hongkong Dollars : $2,935,588

Japanese Yen : ¥35,202,702

New Zealand Dollars : $713,493

Swiss Francs : F460,056

US Dollars : $379,424

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

€300,000

Bedrooms	Habitable	Land Size
1	?	?

1 Bedroom Leaseback - €300,000 (from) - Location: Haute-Savoie, Megeve

Rhône-Alpes, Haute-Savoie

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This Property is For Sale by EU Property Portfolio (EUPP)

To find out more about this agent or to view more of their properties visit their IFP Microsite

Description

The development NEW IN THE MARKET

Type: studios to large 1-bedroom chalets
Price: € 271,660 to € 573,400 excl.VAT excl.Furniture
Yield: 3.94% on the Total Price excl.VAT excl.Furniture
Personal Usage: Yes
Lease length: 11 years and 11 months
Delivery Date: December 2008

Price details: excl.VAT and.Furniture
Studios: € 271,660 to €293,280
1-Bedroom: € 374,800 to € 565,600
Large 1-Bedroom: € 545,600 to € 573,400
Furniture: € 17,340 to € 36,600
VAT REFUNDED (19.6%): € 56,644 to € 119,560

The residence, composed of 4 chalets, is located just 300m from the slopes and 500m from the Casino...
Each apartment provides the highest standard. The residence also offers a gastronomic restaurant, a bar area and a large swimming pool....

It is managed by RESIDHOTEL, which is a renowned expert in the management of residential hotels, tourist accommodation and residences with services.

The location
At an altitude of between 1113 and 2525 m, Megève is one of the most coveted resorts in the Upper-Savoy region. In both winter and summer, the location will ensure that you spend an unforgettable time pursuing your own choice of activity: all types of snow sports (downhill skiing, cross-country skiing, snow-board) over an area of 445km of slopes, snow shoes, flying (hot air balloon), 18-hole golf-course (Mont d'Arbois golf course), horse riding, casino…
The Rochebrune cable-car will take you up to enjoy walks while taking in the panoramic views of Mont Blanc, and provide easy access to many walking and cycling paths over the ridges. The authentic alpine village has kept its identity whilst developing its facilities for both a French and foreign clientele. For lovers of fine food, enjoy the delights of the "Ferme de mon père" belonging to Marc Veyrat, a 3-star Michelin restaurant!

The Investment
Lease agreement:

-11 years 11 months
-Exemption of rents for 3 months
-Rents payable quarterly in arrears
-Rents revised every 3 years 100% index

Delivery: December 2008
Average yield: 3.94% on the Total Price excl.VAT excl.Furniture

3 investment possibilities:
- Personal usage 1 week in HS
- No personal usage: pure investment
- Rental income indexed on the realised turnover + 8 weeks of personal usage

Access
By road:
-1hour from Geneva (70km)
-2hours from Lyon (180km)
-3hours from Milan (272km) via the Mont Blanc tunnel
-6hours from Paris (600km)
-Motorway exit (A40) 12km away (Sallanches), linking the resort directly to the European road network

By train:
-Direct Paris-Sallanches line (Sallanches railways station 12km away)

By plane
-Geneva- International Airport 70km away

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Features

Bedrooms: 1
Ski

Condition and Utility Information

Condition - Sur Plan

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