3 bedroom apartment for sale
France - Les Menuires - 3 Valleys - French Alps
like this property?Call: 020 7321 5690
- 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
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.
This is the second phase of the development. The luxury apartments range from 1 bedroom to 4 bedrooms, some with additional 'cabine rooms` offering extra sleeping space.
This development 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 has just been completed.
Facilities: Reception, lobby, drawing room, luggage storage, laundry service, ski lockers, indoor heated pool, sauna , hammam, massage rooms, children and teen clubs
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.
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 -ONLY 2 APARTMENTS LEFT!
Rental yields vary from 3.6% to 5,14% depending on the size and the floor level.
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
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.
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
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
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.
- Satolas (INTERNATIONAL), 76.6 miles
*Distances are straight line measurements. This feature is currently in beta.