Friday, October 24th, 2008
Samoens, 1 Bed Leaseback Resale
The Apartment
A one bedroom resale leaseback apartment delivered for the winter season 2005. This north and west facing corner apartment is located on the first floor of the Golese residence with beautiful mountain views from all angles. The apartment sleeps four and is sold with a fully fitted kitchen, fully furnished, an underground parking space and a ski locker.
The development consists of 44 apartments and 30 chalets with excellent facilities including an indoor swimming pool, sauna and steam room and a gym. There is a ski bus that stops directly outside of the complex and only takes 2 minutes to reach the ski lift that links into the Grand Massif ski domain. The village centre is only a 4 minute walk away from the apartment.
The Investment
The apartment is run by La Grange, one of the largest management companies in France who have over 25 years experience. It is on the leaseback scheme with an 11 year lease of which just under 8 years remain with the opportunity to renew this lease at the end of the initial term. The apartment is financed on the net price so there is no need to claim back the VAT.
The rental yield per annum is €3,709 (euros) in cash as well as 1 weeks usage in mid winter season and 1 weeks usage in mid summer season. Personal weeks can be swapped between residences (like for like), there is a discount on additional weeks in your apartment of 20% and up to 20% in other La Grange residences as well as a €40 last minute weekend deal for use of your apartment (subject to availability). For more information on La Grange please click here
The net price to finance is €118,000, which is an extremely competitive price for an apartment in this area. Since the apartments were only completed for the winter 2005, they are still classed as new build and have reduced notaire fees.
The Location
In the heart of the Alps, between Geneva and Chamonix (Mont Blanc), Samoens is a beautiful mountain resort surrounded by seven peaks of up to 2500 metres high. It is a small town in a sunny valley only a few minutes from the Le Grand Massif. Once a thriving centre for stone masons, the town has beautiful traditional architecture, and stunning natural surroundings. It is a lovely historic village with a small pedestrianised centre home to many appealing shops. With an all year round community, Samoens retains a very rural France feel. The region is ideal for both winter and summer holidays due to the breathtaking countryside of lakes, waterfalls, forests and vast open countryside. Samoens is a popular destination not only for skiing (130 pistes between the 5 resorts of the Grand Massif area: Samoens, Morillon, Les Carroz, Flaine and Sixt-Fer-a-Cheval), but also for walking, sightseeing, fishing, rafting and sailing and the natural charm of Samoens which has maintained its traditional character and authenticity.
Samoens is only 60km (approximately 1 hour) from Geneva international airport and is also easily accessible by car and by train (only 20km from SNCF Cluses).
If you would like to discuss this apartment in more detail, please contact one of our ski specialists immediately.
Le Scoop
The location, quality of build, renowned management company, the limited supply of property in central Cannes and increasing demand from a diverse range of international buyers makes a purchase at Le Scoop a very compelling investment proposition.
Le Scoop Deluxe Suites and Apartments in Cannes are available for purchase on a freehold basis, fully furnished with underground parking. The luxury residence offers a “hassle free” investment as they are fully and professionally managed for 11 years by a company experienced in running high-end business and leisure accommodation. A truly exclusive development with only 44 suites, ownership here will represent the most impressive and elite investment we have ever seen.
Le Scoop
Whilst retaining the intimacy and charm of a luxury 1850s residence, Le Scoop has a selection of apartments, from large Suites to rooftop penthouses. A true marriage of excellent taste and quality, the contemporary design mingles with a Mediterranean inspiration. The luxurious furniture here is of the highest quality, including a massaging mattress, High-Definition DVD player, fully equipped office and relaxation areas. All private bathrooms will include a soothing jacuzzi-spa bath and you will have access to high-speed broadband and 5000 major television channels. Expect VIP treatment and excellent service, which includes a fully multilingual reception, gourmet restaurant, dry cleaning, concierge and more.
Location
Due to the immediate proximity to the Palais des Festivals this will be one of the most sought after locations along the Cote dAzur. Truly unique, there has not been a new development this close to the Palais in the last 25 years, and there is unlikely to be another one. Only 30m from the famous theatre, this will be the nearest luxury residence to the Palais.
Cannes is a global brand symbolising luxury, prestige and the art of living more than any other. La Croisette, is one of the most famous promenades overlooking the Mediterraneans sandy beaches, the perfect place where people meet, dine and relax under clear blue skies. Cannes is synonymous with style and sophistication - attracting a discerning clientele from around the world.
An ideal investment
At Le Scoop, purchasers will benefit from a hassle free rental management solution. It will be managed by “First by Home business” who specialise in luxury residences throughout France. Owners will be able to take up to 70 days occupancy of their property, and there are many flexible usage options that specialist consultants at Assetz will be more than willing to discuss with you. You will in turn achieve 75% from all rental income received. Using conservative occupancy rates of 69%, this could equate to a net yield of 5.51%!
This exclusive and unique property represents an opportunity to own a luxury property in the centre of the famous and prestigious Cannes. Become a part of the celebrity culture, whilst assuring a secure investment for your future.
Further details are also available by clicking here.