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.