Vallorcine, Chamonix Valley Real investment opportunity or an ideal second home

Property Summary

• Classic & leaseback apartments
• Last village in Chamonix valley to be developed
• Great investment opportunity
• Prices 30% less than Chamonix
• Capital growth of 10% per annum
• Access to a large ski area
• Swimming pool and spa
• Restaurant and bar
• 4* luxury development
• 2 minutes' walk from ski lift

23 apartments, available with optional leaseback, in Phase 1 of a luxury four star complex in the traditional mountain village of Vallorcine. As the last place in the Chamonix Valley to be developed, this is a real investment opportunity with capital growth predicted to be 10% per annum

The Development

The first phase of this traditional-style residence is part of a major development plan for the village, with 400 apartments, two hotels, shops and restaurants to be built over the next few years.

The apartments will have modern luxuries such as home cinema, LCD TVs, satellite systems and internet access plus all master bedrooms have the added benefit of being en-suite. Facilities within the complex will include a central reception, wellness centre with outdoor covered swimming pool and sauna, a lounge, restaurant and bar as well as hotel and catered services. The location of the development is second to none, only a two minute walk from the cable car. Delivery is scheduled for the end of 2008.

The Location

Vallorcine is a pretty, traditional and friendly village in Haute Savoie at an altitude of 1264 metres. Situated near to the Swiss border in the Mont Blanc Massif and only an hour from Geneva, Vallorcine has access to some of the world's best skiing. It is in the same valley as Chamonix and a new cable car running to the ski domaine of Balme has been successfully operating for 3 years. The link has created a large ski area at the northern edge of the Chamonix Valley, with some excellent tree-lined runs. All other villages in the Chamonix Valley are easily accessible.

Vallorcine has an all-year-round community and there are plenty of activities for summer as well as winter, such as climbing, walking and mountain-biking, to name but a few.

The Investment

There are various ways to purchase an apartment in this fantastic new development. There is the option to purchase on the leaseback scheme with a contract for 9 years. The scheme offers a net guaranteed income with flexible usage options and whether purchasing as a pure investment, or taking personal use, the developer will fund the 19.6% VAT, so that you do not have to go through the process of claiming it back yourself after purchase. A number of apartments can also be bought as a classic purchase (second home) without the leaseback. All of the above options include reduced notaires' fees included in the purchase price.

Prices

• 1 bed apartments from €323,821
• 2 bed apartments from €333,821
• 3 bed apartments from €498,380
• 4 bed duplex apartments from €709,063

*** 90% LTV French mortgages now available on classic residences and up to 100% LTV French mortgages on leaseback properties financed on the net price ***

Due to the incredible investment opportunity and the ultimate lifestyle choice these apartments offer, we are expecting a large number of enquiries. If you are interested, please call immediately for more information or to reserve.