Leasback properties in Savoie, Alps

 

Yield: 4.50%

Completion: December 2005

 

 

 

 

 

Location:

Located near the Italian border, Termignon-la-Vanoise, doorway to the Vanoise National Park , has preserved the secrets of the mountain.

As you walk, you will discover all sorts of landscapes, quiet mountain villages, forest outskirts, glaciers, lakes, cascades, rivers...

 

Termignon, cultivates tradition without getting bogged down in it. You will live a mountain life that has remained human, in a village where agriculture and tourism coexist harmoniously.

The town of Termignon-la-Vanoise is the third largest French rural district by its area. The nature lover will be interested to know that a third of the Vanoise National Park is part of its territory.

 

With its 16 glaciers and 63 summits above 3.000 m, Termignon la Vanoise has for a long time been living to the rhythm of high mountains: those that make you dream, that inspire awe and respect. The alpine skiing domain is between 1300 and 2475 m. In 2006, Termignon will be linked to Valcenis and will then offer 130 km of slopes.

 

In the summer you will enjoys activities including mountain-biking, paragliding, mountaineering or horse-riding.

 

 

To go there:

Termignon La Vanoise is located in the Alps in Savoie

Turin (Italie) to Termignon La Vanoise : 102km

Geneva to Termignon-la-Vanoise: 206 km

Lyon to Termingnon-la-Vanoise: 215 km

Termignon-la-vanoise is 15 km to a TGV train station Modane. There is also a train from Modane to Geneva (2h45)  

 

 

 

 

 

 

 

 

 

 

 

The apartments:

The price ranges for the apartments are the followings:

-          from €49,178 for a studio apartment (18 sq m)

-          from €85,051 for a one bedroom  (27 sq m)

-          from €115,000 for a two bedroom flat (43 sq m)

Some of the apartment will come with a terrace or balcony, a car parking space or a cellar. All of the apartments will be decorated and furnished and the kitchens will be fitted.

Floors plans are available upon request.

 

 

Two leases available with two different yields:

 

-           4.50 % guaranteed rental income - you will have 20 % discount on the rent and 4 weeks of personal use per year

 

-           4% guaranteed rental income - with 2 free weeks of personal use included (one in summer and one in winter)

Completion:

December 2005

 

Lease Term:

9 Years and 4 Months

 

The management company:

You can see a selection of other locations the property management company runs by visiting their website http://www.residhotel.com/

 

 

Time scale payment:

5% Deposit

25% At the signature of the Acte Authentique

10% When 1st floor is complete

10% When last floor is complete

20% When building is waterproof

10% When building is airtight

3.61% When interior walls are complete

*11.39% When fluid works are all completed

*5% When keys are handed over