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Property for sale
For the first time we are offering some of our property for freehold sale with a guaranteed rental income. Our cutting edge suites in La Plagne redefined the standard of accommodation in the resort when we completed the development in 2007. We are now making these apartments available for general sale.
Benefits of purchase include;
- Freehold investment in a prime piste-side snow sure location at 1950m altitude
- A nine year rental agreement offering between 3.6 to 5.3% yield [ROI 4.6%-8.8%] per annum on your investment (in addition to the personal use described below)
- Two fully catered VIP SKI weeks in your property (One high season, one low season) every winter. You pay only a daily service charge of £50/bed for all VIP staff, catering, and linen. Unlimited summer usage.
- Flexibility to transfer your free VIP holiday weeks ‘discount’ to any other winter chalet within our programme
- Complete local management of your property for the duration of the rental agreement
- Property is fully furnished and equipped ready for use
- Finance for up to 60% of the sale price through Société Génerale (subject to status)
- Liaison with local Notaire, lawyer and accountant to facilitate the legal and fiscal aspects of your investment and subsequent ownership
Click on any of the following print friendly pdf factsheets for further information;
Yield/ROIs do not include capital appreciation OR the value of VIP holidays enjoyed in the property for the duration of the lease (two weeks per year). Properties are sold on a freehold basis, fully furnished with a guaranteed rental income for 9 years.
| Property | Price | m2 | Price/m2 | Bedrooms | Beds | Income | Yield | ROI |
| Como Suite | €875,000 | 100 | €8,750 | 3 | 10 | €47,000 | 5.3% | 8.8% |
| Garda Suite | €1,105,000 | 120 | €9,208 | 3 | 8 | €44,000 | 4.0% | 5.6% |
| Lucerne Suite | €1,570,000 | 186 | €8,440 | 6 | 12 | €75,000 | 4.8% | 7.5% |
| Leman Suite | €995,000 | 126 | €7,897 | 4 | 8 | €50,000 | 5.0% | 8.0% |
| Lugano Suite | €1,490,000 | 164 | €9,085 | 4 | 12 | €53,000 | 3.6% | 4.6% |
Summit View Investment
Worked cashflow examples, calculation of Return On Investment
| Como Suite | Leman Suite | |
| Cost of investment | ||
| Total cost | €875,000 | €995,000 |
| Notaire Fees | €55,300 | €62,884 |
| Total investment | €930,300 | €1,057,884 |
| Possible financing | ||
| Cash (40%) [A] | €372,120 | €423,154 |
| Bank loan | €558,180 | €634,730 |
| €930,300 | €1,057,884 | |
| Annual cash flow | ||
| VIP SKI lease income [B] | €47,000 | €50,000 |
|
Bank repayments (Capital repayment, 4% fixed, 25 years) |
||
| Average annual interest payment over duration of loan [C] | (€11,164) | (€12,695) |
| Average annual capital payment over duration of loan | (€22,327) | (€25,389) |
| Total annual bank payments [D] | (€33,491) | (€38,084) |
| Other costs | ||
| Management fee | € 0 | € 0 |
| Local charges (2009/10 Including all utility bills) | (€576) | (€726) |
| Taxe Fonciere (2010) | (€1,931) | (€2,433) |
| Insurance | (€500) | (€500) |
| Total other costs [E] | (€3,007) | (€3,659) |
| Nett cashflow per annum [B+D+E] | €10,502 | €8,257 |
| ROI Return on Investment [B+C+E]/A | 8.8% | 8.0% |
Note
All finance subject to status. No value attributed to tranferrable VIP SKI Holiday Discounts
VIP SKI Holiday CLUB Discount
For the duration of the VIP SKI rental agreement (9 years) purchasers of a Summit View Suite are entitled to enjoy a VIP SKI holiday in their property for up to two weeks each season, one week during UK school holidays and the other outside of UK school holidays. A service charge of £50 per bed per day is payable for staff, catering and linen. Flights and transfers are not included but available at preferential rates. Property Club members are also entitled to transfer the equivalent cash discount per person to any other property in our VIP programme should they not wish to use their property for two weeks.
You might also be interested in some recent media articles that have featured Summit View. Please click on the links below;
You may also be interested in...
- Lugano Suite chalet information
- Lucerne Suite chalet information
- Leman Suite chalet information
- Como Suite chalet information
- Garda Suite chalet information
Further information
Please email me, Andy Sturt, Managing Director, and I will be delighted to provide any further information and to chat through the terms of sale and history of the development. We only intend to sell two of the units in Summit View at this stage and will remain majority investors in the development.
