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2 Adjoining Apartments | Excellent Rental Potential All Year Round | Val Thorens 2300m / 3 Vallées

8 Beds
2 Baths
Habitable Size: 60 m²
Land Size: 0 m²
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€598,000

Save Excluding notaires fees
Region: Rhône-Alpes Department: Savoie (73) Commune: Val Thorens, The Three Valleys (73440)

For Sale By Owner (FSBO)

For Sale Privately Private Owner
Currency Conversion provided by Lumon an FCA authorised Electronic Money Institution and regulated by the Central Bank of Ireland
€598,000 is approximately:
British Pounds: £538,200
US Dollars: $580,060
Canadian Dollars: C$789,360
Australian Dollars: A$885,040
Please note that these conversions are approximate and for guidance only and do not constitute sale prices. To find out more about currency exchange, please visit our Currency Exchange Guide.
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Key Info

  • Type: Residential (Apartment), Business (Gîte, Gîte Complex), Duplex / Triplex Apartment, Investment Property
  • Bedrooms: 8
  • Bath/ Shower Rooms: 2
  • Habitable Size: 60 m²
  • Land Size: 0 m²

Highlights

  • Currently undergoing renovation work (new floors & kitchen and redecoration) Scheduled completion in October 2022
  • Val Thorens is the highest ski resort in Europe at 2300m with reliable snow & 140km of pistes
  • Extended ski season from November to May offers increased rental potential & improved occupancy
  • Central location; walking distance to the slopes, shops, restaurants, bars & resort facilities.
  • Direct access to The 3 Valleys; largest ski area in the world: Courchevel, Méribel, Les Menuires & more)

Features

  • Balcony
  • Double Glazing
  • Mains Drainage
  • Mains Electricity
  • Mains Water
  • Mountain View
  • Renovated / Restored
  • Rental / Gîte Potential
  • Revenue Generating
  • Ski
  • View

Property Description

Summary
Private sale of 2 Duplex apartments in the heart of Val Thorens, the highest ski resort in Europe. The apartments are located in Résidence Arche which is a pretty residence of only 58 apartments located in the centre of the resort.

Val Thorens is a winter sports dream with reliable snow and access to not only 140km+ of pistes in Val Thorens, but also to The Three Valleys, the largest ski domaine in the world (Courchevel, La Tania, Brides Les Bains, Méribel, Orelle, Les Menuires and Saint Martin De Belleville).

The apartments represent a great investment in one of France's most popular ski resorts. A good rental yield can be achieved thanks to the consistently strong rental demand and extended rental season available in this popular high altitude resort.

Sale price for one apartment : €325,000
Sale price for two apartments : €598,000

Location
The apartments are situated in the heart of Val Thorens, only a 100m walk to the slopes and minutes from Place de Caron.
Place de Caron is the heart of Val Thorens and a main meeting point with ski schools, tourist information. It also has direct access to to Rond Point Les pistes and the vast beginners ski area & ski lifts.

Excellent access to facilities nearby: 30m from a covered car park, a shopping centre with ski shops, supermarkets, restaurants, shops, bakery, tobacconist / book / gift store , as well as a brand new sports centre of 7500m2 with children's play area, spa, jacuzzi, swimming pool, tennis, table tennis, squash, fitness room, weight training and spa / wellness area. The sports centre was built in 2022 also offers various seasonal activities: snow park and snow village for toddlers during the winter, ice rink and Christmas village during the autumn, open air cinema and yoga classes during the spring and concerts and other events during the warmer summer months.

Val Thorens is a superb all round resort and offers something for everyone. Families won't be disappointed as the resort is very family friendly due to the excellent beginner areas, numerous ski schools, variety of slopes and child friendly facilities. Younger visitors looking for lively Apres Ski will not be disappointed, with a large number of bars and restaurants there is always somewhere to go.

Serious winter sports enthusiasts are in their element as the linked resorts, longer season, higher altitude, reliable snow and regular international ski events make it one of the most popular resorts amongst advanced skiers & snow boarders. A mountain bikers paradise with access to 21 mountain bike routes of different abilities and covering 120km of the Vallée des Belleville.

Access
By plane: A selection of airports are accessible in less than 3 hours: Geneva, Lyon, Grenoble, Chambéry.
Private Aerodromes & helipads are also accessible in less than 1h30: Albertville, Méribel, Courchevel.
By train: Moutiers station 1 hour, bus or taxi to Val Thorens. There are regular shuttle buses to Moutiers train station during the ski season. Moutiers station offers access to Paris, Lyon & Chambery.
By car: motorway to Albertville, then dual carriageways to Moutiers.

Interior
Both apartments are located on the 2nd floor and are reached via a communal staircase (no lift).
There is access to private ski lockers on the ground floor.

Each Duplex apartment has a habitable space of 30m2 and sleeps between 4 and 6 guests.
The apartments have their own balcony (one west and one east facing) with stunning views of the surrounding mountains. Entrances to both apartments are from the upper part of the Duplex.

The apartments share a long party wall which offers the possibility of creating one large apartment. Permission for joining the apartments was granted at the co-propriété annual meeting in March 2022.

Additional Details
The residence is only 30 years old and owned via a small co-propriété of only 15 owners. The building is well maintained, with regular maintenance work and it was repainted only 5 years ago.

The residence is very secure and is only accessible via a digicode entrance and there are CCTV cameras on all corridors.
No major work scheduled for the building. At the last co-propriété annual meeting at the beginning of March 2022, the following was agreed:

- repainting of all communal areas
- installation of new ski lockers
- installation of digicode access for the main entrance.

Orientation: 1 apartment East facing & 1 apartment west facing
Heating : electric radiators
Hot water : individual hot water tanks
Copropriété fees: from 1200€ including cold water supply
Taxe foncière : 700€ / yr
Taxe d'habitation 700€ / yr

Sale papers are already with the Notaire, which will help speed up any sale by about one month.

Revenue Generation
Rental yield from November to May: €40,000 to €50,000.
Rental period: weekly or longer term during the winter season.
There is the possibility to increase the rental yeild by renting the apartments in the summer and between seasons.

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€598,000

Excluding notaires fees
Currency Conversion provided by Lumon an FCA authorised Electronic Money Institution and regulated by the Central Bank of Ireland
€598,000 is approximately:
British Pounds: £538,200
US Dollars: $580,060
Canadian Dollars: C$789,360
Australian Dollars: A$885,040
Please note that these conversions are approximate and for guidance only and do not constitute sale prices. To find out more about currency exchange, please visit our Currency Exchange Guide.

Location Information

Savoie (73), Rhône-Alpes
Region: Rhône-Alpes Department: Savoie (73) Commune: Val Thorens, The Three Valleys (73440) View Large Map

For Sale By Owner (FSBO)

For Sale Privately Private Owner

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