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£175,987

0 Bed New Home

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Ref 2213765
Rhone-Alpes
Haute-Savoie
France
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Property Details

Located at 1800m altitude this is easily the most sought after and long awaited development in the French Alps- this new development of 5 residences in the heart of the largest ski domain in France is finally here! Luxury apartments will now be built in the centre of old Avoriaz and also in the new part to cater for the overwhelming demand the resort has for high end accomodation. There will be 1 to 4 bedroom apartments available, every one of them with south facing balconies overlooking the dramatic landscape of mountains, forest and lakes. Each apartment will be finished to a high specification with fully equipped kitchens, bathrooms and furniture with one of the residences even benefitting from underground parking (the only one in Avoriaz). Each residence will have its own spa, jacuzzi, hammam, sauna, fitness centre and one luxury residence will even have its own indoor heated pool. Detail is everything for these apartments which even go so far as having heated ski lockers! Planning permission has been impossible to get in Avoriaz for the last 10 years but finally a deal has been struck and the demand can finally be met with these luxury apartments. The price per m2 for a renovated resale apartment in Avoriaz (with none of the aforementioned facilities) is 7000 Euros, however for a limited pre-launch period the developers are offering these apartments at a staggering 5714 Euros/m2 including furniture for a brand new apartment! The potential for good capital appreciation and a sound investment is obvious. Activities in the winter include skiing throughout its 650km ski domain (Portes du Soleil is the largest in France), toboganning, cross-country skiing, numerous snow parks, ice skating etc. While in the summer the resort becomes a magnificent getaway with tennis courts, swimming pools, a golf course, mountain bike trails, horse riding, kayaking and much much more. There will also be a luxury aqua centre built in the resort centre with pools, jacuzzis etc which will further attract holiday makers. Prices start at 200,000 Euros and the VAT is paid by the developer. They are sold as leasebacks which means that they are fully managed and can be used personally for up to 20 weeks per year with and income depending on which weeks you take. There are various personal use options and if you are a pure investor then you will benefit from a NET guaranteed yield of 3.75% NET. Apartment prices depend on the particular building in which you invest and the size of the apartment, however the guide is this: 1 bedroom apartments (35m2-51m2) from 200,000 to 320,000 Euros HT, 2 bedroom apartments (53m2-69m2) from 333,000 to 543,000 Euros, 3 bedroom apartments (88m2-96m2) from 635,000 to 773,000 Euros & 4 bedroom apartments (111m2-113m2)from 875,000 to 897,000 Euros. Access is easy with regular flights to Geneva airport, just 1h20mins by car (80km) with regular buses to the resort. Facilities on the resort include an excellent selection of restaurants, bars, nightclubs, shops, a ski school, fitness centres, squash courts and more.
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