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2 bedroom apartment for sale

France - Les Menuires - 3 Valleys - French Alps

€285,000

like this property?

Call: 020 7321 5690
  • Description
  • Floorplans (0)
  • Map

Key features:

  • New Build
  • 1, 2,3 and 4 bed apartments
  • Fully furnished
  • up to 5.14% guaranteed rental yield ne -t Personal usage up to 8 weeks
  • Ski-in and ski-out
  • Mountain views
  • Links to La Tania, Saint Martin de Belleville, Meribel, les Menuires, Courchev
  • SPA and Indoor pool
  • Children and teen club
  • Reception & concierge service

Full description:

THE RESIDENCE
This is a brand new collection of ski-in ski-out apartments in the heart of Les Menuires, part of the world`s largest ski region, the 3 Valleys. The residence enjoys one of the best locations in the entire resort, directly in front of the pistes and within one of the more traditional areas of the village. The residence benefits from proximity of all shops, restaurants and bakeries.

The first phase sold quickly, a second phase will be delivered in 2017. of the development The luxury apartments range from 1 bedroom to 4 bedrooms, some with additional 'cabine rooms` offering extra sleeping space.

This luxury residence in Les Menuires represents the chance to own an income generating ski property as either a hassle-free investment or a ski home usable throughout the year. The project`s superb location and high quality design mean that the management company, MMV, has been able to offer highly competitive guaranteed rental returns from up to 5.14%, the highest currently available in the French Alps.

The properties are to be managed by the second largest management company in the French Alps. Buying a freehold property which is part of a leaseback scheme means buyers will recover the 20% VAT on the purchase price and also qualify for a host of other benefits accessible through the management company.

Each owner is allowed up to 8 weeks usage each year and in addition to this they can use the property during the 'inter-season` (May-June & Sept-Nov) for just €70 per week. Owners also get a 20% discount on all properties within the MMV portfolio.

The properties come complete with parking spaces and each will be fully furnished and equipped to 4* standards, guaranteeing high quality finishes and high specification kitchens and bathrooms.

Les Menuires 4 star ski in and ski out residence - Delivery 2017
Facilities: Reception, lobby, drawing room, luggage storage, laundry service, ski lockers, indoor heated pool, sauna , hammam, massage rooms, children and teen clubs

THE LOCATION:

Les Ménuires is one of the two major resorts in the "third valley". It offers a great blend of amazing Three Valleys skiing with superb ski resort infrastructure, making it perfect for families.

There has been a lot of investment in Les Ménuires for over the past few years, not only in the general infrastructure and look and feel of the resort, but also in the amenities and facilities, including non-skiing activities.

Val Thorens may have its ice race track but les Ménuires has a 1,800 sqm circuit for all sorts of snow mobiles. There is also a popular 4,500 sqm aqua centre with pool, sauna, hammam & Jacuzzi and each week there are different events happening all around the resort.

In addition to its winter offering, Les Ménuires is also a great place to visit during the summer. Whether you are looking for something thrilling such as horse riding, quad biking and mountain biking or would prefer something a little more laidback (golf, fishing, walking), you will have plenty of choice.

AVAILABILITY:

1 bedroom apartment, 44m2 to 54m2, €220,000 to €321,000 including parking and furniture.
2 bedroom apartment,47m2 to 72m2 €285,000 to €424,000 including parking and furniture.
3 bedroom apartment, 63m2, €345,000 -NONLY 2 APARTMENTS LEFT!

Rental yields vary from 3.6% to 5,14% depending on the size and the floor level.




Directions
1 hour from Geneva airport

LES MENUIRES & 3 VALLEYS:

At 1850m on the western slopes of the Belleville valley, Les Menuires is one of the most popular resorts of the world`s biggest ski domain; Les Trois Valleys. The Three valleys is the world`s largest ski domain with up to 650km of slopes that connect the most famous ski resorts in the world: Courchevel, Meribel, Val Thorens & Les Menuires.

Article on Les Menuires - http://www.dailymail.co.uk/travel/article-2122921/France-ski-breaks-Les-Menuires-comes-age.html

Offering all of the advantages of an integrated functional resort, Les Menuires once urban-only character is now giving way to new era of architecture. Traditional chalets are creating quiet yet superbly connected boroughs within this lively and action-packed resort.

Exact location of the plot: http://goo.gl/maps/DZAB0

THE DEVELOPMENT:

This is a 4 star residence, a brand new collection of 124 apartments. The residence enjoys one of the best locations in the entire resort. Set within one of the more traditional areas of Les Menuires, the residence is next to the piste, meaning the properties are all ski-in and ski out and also benefits from proximity to the shops, restaurants and bakeries. The properties will be sold with covered parking spaces and ski lockers included in the purchase price. The apartments will be fully furnished and equipped to the 4* standards, guaranteeing very high quality finishes and high-end kitchens and bathrooms.

LEASEBACK & OCCUPATION PACKAGE:
The residence is being sold as a leaseback property, guaranteeing rental income from 3.6% to 5.2% (calculated on the price of the property excluding parking and furniture) with many options for personal usage and will be managed by the second largest management company in the French Alps, MMV. Buying a property with leaseback is very popular way to invest in France which benefits from a government-backed VAT refund incentive. Through freehold ownership of an apartment that is leased back to a management company for a minimum period of 9 years, investors benefit from guaranteed annual returns (paid quarterly) from their fully managed and maintained property with low up-front costs and reduced maintenance and running charges. The rental income is index-linked at a capped rate of 1.5% annually and will be applied every three years.
Ownership formulae:
As outlined on the price list, the rental returns are different depending on the location of the apartments within the residence. The apartments on lower floors or with less attractive views have higher rental returns to suit more investor orientated clients, apartments that have amazing views on the valley suiting more lifestyle investors have lower returns.
The rental return without occupation varies from 3.6% to 5.2% (calculated on the price of the property excluding parking and furniture) and according to the weeks of usage you want we can create you a tailored rental package as per below.

Each week has the following value:

In Winter season (From mid-December to end April)
0.70 % for a week in very high season
0.50 % for a week in high season
0.30 % for a week in Medium season
0.10 % for a week in low season

In Summer (July and August)
0.3% for very high season
0.2% for high season
0.15% for medium season
0.1% for low season

EXTRA USAGE BENEFIT:

When buying with Pure Investment Formula only: You benefit from a weekend 'escapade`. This is a free weekend usage that you can book by calling the management company, within 7 days of required departure date and booking. Subject to availability.

Usage during the inter-season: On top of the usage during the season you have the possibility to occupy your property as much as you like during the inter-season: May, June, September, October, November for a charge of €70/week to cover the electricity costs and staff to open the apartment, hot water, insurance etc

Owners discount: Owners benefit also from a flat rate of 20% discount of the public rental price on any extra weeks that they book.

Option to exchange your weeks of occupation in other residences managed by MMV: MMV is the second largest provider of accommodation in the French Alps and have been in business for over 25 years. Investors can swap their weeks of usage at properties in: Belle Plagne with any of the management companies other developments. La Plagne, Alpe d`Huez, Arc 2000, Montgenevre, Flaine, Les Deux Alpes, Tignes, Serre Chevailer, Val Cenis, Valfrejus, Vars, Val Thorens, Cannes, Camargue, Cap Ferret, Bandol etc

FINANCE
Mortgages are available up to 80% on this property -

PRICES & AVAILABILITY:

(incl. Furniture and Parking)

1-bed from €153,000

1-bed + cabin from €212,000

2-bed from €206,000


Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Satolas (INTERNATIONAL), 76.6 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
EUPP, Hampstead

EU Property Portfolio, 100 Pall Mall, St James SW1Y 5NQ, London, UK
020 7321 5690  Local call rate
About EUPP, Hampstead

EU Property Portfolio

EU Property Portfolio (EUPP) is an independent overseas property consultancy created in 2003 by three former bank executives. EUPP has a high street office in Hampstead, north London. From our background in Private and Investment banking, we have access to a wide network of professionals (residential and commercial properties, mortgage and currency brokers).

Property Partners

We are constantly looking for long-term business relationships. If your clients would like to have access to our products or if you have attractive products to offer, please email us on info@eupp.co.uk.

Recruitment

If you are interested to join our dynamic sales team, please email us on info@eupp.co.uk.

Our Services

We offer a complete service to our UK and European investors, from the search of the property to the completion of the sale.

Turn-Key Formula

A selection of property development schemes satisfying rigorous quality criteria. Extremely reliable rental management service, in the hands of one of the market leaders. Tailor-made insurance (in case of non-payment of rent, unfilled vacancies cover, etc).

Financing
We work with various leading banks and we will be able to provide you with the best mortgage formula according to your specifications and your financial situation. Mortgage Brokers usually charge set-up fees.

Tax and Legal Advice

We will help you in optimising your investments, liaising with tax authorities and recommending you to one of the most reputable bilingual notary office in the area of your investment.

Property Acquisition - We will locate and identify properties matching your exact specifications. We will assist you in negotiating with property developers and real estate agents.

Portfolio Building Services

We will help you to set up a European property portfolio, sharing our expertise of the European property market. We can also centralise the letting of all your properties and provide customised management services (including furnishing, monitoring, maintenance, gardening, changeovers, inventory etc). We will be the only stop for all your international property investments.

For further information please contact us on info@eupp.co.uk


Disclaimer

This is a property advertisement provided and maintained by EUPP, Hampstead (reference 33377_151) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

EUPP, Hampstead

EU Property Portfolio, 100 Pall Mall, St James SW1Y 5NQ, London, UK
or call 020 7321 5690
Calling from outside the UK? 0044 20 7321 5690

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