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Lifestyle Investment Releases

Leaseback:
How It Works

In France the government encourages new owners of properties only intending to use them for a few weeks each year to rent them out under a scheme known officially as Résidences de Tourisme. This is more commonly known as leaseback.

The purchaser buys a new Résidences de Tourisme-designated property freehold (and saving 19.6% VAT) then leases it back to a management company for a minimum of 11 years. There are two variations: you can lease it for rental income (typically 3.7-5%) and have minimal personal use annually, the owner having first choice of which weeks to spend at the property, stating their preferred dates before the start of each season. Alternatively, you can purchase at a discount and get more weeks of usage, but without the rental income. After the lease has finished the property becomes yours to use and do with as you wish.
More information here: Erna Low Property.

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Lifestyle


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Le Hameau des Rennes,
Vars, Southern Alps

Hameau des Rennes, VarsLe Hameau des Rennes is a prestigious project of ski-in ski-out chalets and apartments in the much sought after and expanding resort of Vars in the Southern Alps. Situated at 2000m, Vars-les-Claux is the highest of four villages forming part of ‘La Forêt Blanche’ ski domain. Connecting with the well known resort of Risoul, the snow conditions here are superb given its altitude with around 180km of pistes reaching up to 2750m, with plans to expand to around 3500m altitude in the future.

Le Hameau des Rennes is situated in its own valley and surrounded by breathtaking views. There will be spacious one, two and three bedroom apartments in a traditional local ‘queyrassin’ style with a predominantly wood and stone construction. Secure underground parking will be available to allow for a car free village linking directly to the slopes. There will be a wealth of services for owners and visitors to enjoy such as a sauna, indoor pool, exercise room and room service. There will also be a number of commercial outlets and amenities within the project including ski hire as well as restaurants, bars and grocery stores for all daily conveniences.

The apartments and chalets are available either as a traditional freehold acquisition or on the French leaseback scheme with guaranteed rental returns of up to 4% plus attractive usage options. Prices start from 198,000 EUR on the leaseback scheme and are due for completion in December 2008.

Bertie Sanderson, Director Erna Low Property says ‘This is a resort which has been popular for many years with the French, and has been a well-kept secret amongst the British. Vars/Risoul is superbly located to take advantage of high altitude sunny slopes as well as being within a couple of hour’s drive of Aix-en-Provence and the Mediterranean coast. Together with easy access to Grenoble from the UK, the Hameau des Rennes offers a fabulous all year round investment opportunity or freehold purchase from just €198,000. With occupancy levels already at 80% in the winter months and 100% during July – mid August, there is truly a real demand for high-end accommodation in this resort.’
For further details, brochure downloads and enquiries visit Erna Low Property.
Tel: +44 (0) 20 7590 1624Passions icon

Le Janremon, Les Deux Alpes

The high slopes of Les Deux Alpes attract skiers and snowboarders to its snowsure, varied terrain. With a sunny plateau for learners and high glacier skiing which continues throughout the summer months, there is something for everyone at Les Deux Alpes. With 360º panoramic views of the French and Italian Alpes, this resort offers fantastic opportunities for investors.

Le Janremon development is located just 150m from the Diable cable car and consists of 44 apartments. Converted from an hotel, there is a wide choice of accommodation on offer from studios and 1 bed-apartments, plus 2 and 4-bedroom units. You could even group together certain combinations of apartments to make a larger mountain home. Most apartments have a balcony or terrace, ski lockers and all are ski-in, ski-out. Parking spaces are being sold seperately.

Prices for an apartment at Le Janremon start from 75,000 € (about £50,000) and go up to 909,000 € (about £606,000)

For further details about Le Janremon contact Overseas Homesearch on 0800 6520 769 (within UK), +44(0)1202 331 616 (outside UK) or 1800 635 092 (Ireland) or visit www.overseashomesearch.co.uk. Passions icon

Southern French Alps: New Landmark Restoration In UNESCO-Candidate City

La Schappe silk mill in the 1840'sA very special development project has just been unveiled in the UNESCO World Heritage candidate town of Briançon, in the Southern French Alps. The project is a remarkable renovation of an historic former Silk Mill called La Schappe, which dates back to the 1840’s. The renovated is being undertaken by developer SPACE France, who are specialists in the Briançon-Serre Chevalier region. Erna Low Property has been appointed as sole UK sales agents.

The apartments will range in size from 32 m² for a mezzanine apartment to 146m² for a 5 bedroom loft. Apartments are available through leaseback and classical freehold purchase. For the leaseback apartments, notary fees, mortgage fees and the mortgage interest during construction will be paid for by the developer.  There is also likely to be a rental guarantee on offer – details yet to be released. Prices will range from €150,350 to €705,000.

For Sales information please contact Erna Low Property Sales Team on Telephone +44 (0) 207590 1624 or visit the website www.ernalowproperty.co.uk/spacefrance

Read our feature on Schappe with a city profile of Briançon. Passions icon

Les Terrasses d'Eos, Flaine Montsoleil

Flaine is a magnificent location for your place in the snow. Situated close to Mont Blanc and within an hour of Geneva, Flaine enjoys one of the best snow fall rate in France and is part of the extensive Grand Massif ski area. The ski resort of Flaine is situated on the sunniest flank of the valley and offers panoramic views. The exciting new ski village of Flaine Montsoleil is situated at 1700m and offers ski-in, ski-out access, fitness centre and swinmming pools, a golf course just minutes away, and a car-free village centre with magnificent views.

Apartment interior at Les Terrasses d'Eos, Flaine MontsoleilOverseas Homesearch is currently offering properties from the Phase II release of 77 apartments at Les Terrasses d'Eos on the eastern edge of the village. There is a choice of one, two and three bedroom apartments with prices starting from 200,000 euros (£133,333). The accommodation is fully furnished to a luxurious 4 star standard and are available for purchase freehold with leaseback release.

The completion date for this phase is the end of 2008, whilst the whole development will not be complete until 2012. Overseas Homesearch think that Flaine Montsoleil is a magnificent location. “Les Terrasses d'Eos enjoy an excellent setting to the east of the village and at the foot of the slopes providing ski in-ski out access. The town of Flaine offers a wide range of shops, bars, restaurants and recreational areas within a safe, fully pedestrian centre just a few minutes walk away.” They are confident of the popularity of this release and warn prospective buyers “These apartments are certain to sell very quickly, so register now for your purchase pack and priority option.”

For further details about Les Terrasses d'Eos contact Overseas Homesearch on 0800 6520 769 (within UK), +44(0)1202 331 616 (outside UK) or 1800 635 092 (Ireland) or visit www.overseashomesearch.co.uk. Passions icon

Phase II released in sought after luxury development at Tignes

Interior Residence le Belvedere, Tignes Les BrévièresDeveloper ImmoConcepts has set a new benchmark for luxury self-catering accommodation in this stunning development at Residence Le Belvedere, Tignes Les Brévières. The first phase consisted of just 11 chalets and 4 apartments. Now, Phase II brings another 8 apartments with prices starting at 362,500EUR for a 53m sq home.

In keeping with local architecture, the chalets are built from natural wood and stone. The interiors have been architecturally designed to be spacious and accommodating with views from the chalet to extend over the lake at Les Brévières. The chalets feature wonderful stone fireplaces and full entertainment facilities and all ensuite bedrooms. The chalets are approximately 550 metres from the shops, bars, ski slopes and lifts, and will be served by a regular shuttle service.

The properties will be managed by Endeavour Chalets & Lodges, a new operator created from the fusion of two highly experienced companies with many years experience in the French Alps, providing high quality chalets, in first class locations, coupled with unsurpassed service.

For details, brochure downloads and enquiries visit Erna Low Property. Passions icon

New mountain resort in Pays du Mont Blanc

Les Aiguilles Rouges, VallorcineJust 16km from Chamonix, the Savoyard village of Vallorcine, part of the Mont Blanc ski domain and popular summer holiday destination is expanding to take advantage of the new cable car straight up into the ski area of Balme-Le Tour. The developer is ImmoConcepts, renowned for its high quality luxury self-catering accommodation.

Development will take place in phases, and will ultimately include an hotel, residential apartments, shops and restaurants. The first phase is Les Aiguilles Rouges - 80 luxurious spacious apartments, in a ski-in ski-out position right next to the cable car. The development will benefit from stunning views and great sunshine. It will have a wellness centre, bar and a restaurant with terrace right by the cable car.

These properties can be purchased through the leaseback scheme, allowing owners to save 19.6% VAT off the price of their property. A flexible range of leaseback options will then be on offer, to suit lifestyle and investment buyers. Buyers can also purchase on classic freehold.

Prices start from 240,000EUR on the leaseback including covered parking and full 4* furniture package. The first phase will be ready for December 2008. For further details, brochure downloads and enquiries visit Erna Low Property.Passions icon

 

OVERSEAS NEWS

Click here to see new releases from outside Europe. Currently showing details of the Three Sisters Mountain Village, Alberta, Le Grand Lodge in Tremblant, and Feather Top in Big White, all in Canada.

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Travel Ideas

Rail Europe, the UK subsidiary of SNCF French Railways, provides rail travel right into the heart of the French Alps. runs throughout the winter.

Snowjet offers low cost flights to Chambery from Gatwick, Bristol and Edinburgh

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