Property Description

This leaseback development is undergoing complete renovation and is due to be finished in 2010. It comprises 44 luxury apartments offering between 1 and 5 bedrooms.

Luxurious holiday ski Leaseback apartment

Address La Tania
Sizes 34sqm to 83sqm
Yield: 3.75% Net
Deposit 10%
Prices ?186K to ?516K
Sales office Yes

Accomodation: 1 bed (4/5 sleeps) to 4 beds (10 sleeps)


The development:
Currently undergoing complete refurbishment work, Le Christania is scheduled for completion in 2010. It is located on a pretty central square in the heart of the resort of La Tania. Its aesthetic is inspired by traditional Savoyard architecture, constructed in stone and timber, and is designed to exist in harmony with the environment ? the resort is entirely pedestrian, and relies on hydro-electric power. All the apartments are tastefully decorated and come with high-quality fittings. Le Christania is ski in-ski out, with great access to slopes in La Tania and the rest of Les Trois Vallees.

The resort:
La Tania is a small resort which suits those looking for a little rest and relaxation after a hard day on the slopes. It is an attractive budget base allowing easy access to the slopes of Meribel and Courchevel. The centre of the village is entirely pedestrian, and the resort is extremely family-oriented with a kids club and babysitting service available. Additionally, La Tania?s nursery slopes extend right into the village, meaning that inexperienced and nervous skiers are well catered for. There is a great choice of restaurants, as well as a swimming pool and spa. La Tania is situated in the heart of Les Trois Vallees, which has been the largest ski area in the world since 1973, with more than 410 miles of ski slopes and 183 ski lifts capable of transporting 260,000 skiers every hour. It is situated in the Savoie departement of France, above the town of Moutiers, and is actually made up of not three, but four valleys ? Saint-Bon, Allues, Belleville, and Maurienne. There is an excellent division of beginner and advanced pistes catering to all tastes and levels of experience ? half of the slopes in Les Trois Vallees are green or blue, and half are red or black. The huge variety of skiing terrain on offer means the area can meet the needs of everyone from complete beginners to experienced skiers. Because 85% of its slopes are above 1800m, Les Trois Vallees enjoys excellent snow from the beginning of December right up until the end of April.

The management company:
The company exclusively managing this development is stock market-listed and has been operating in the tourism industry since 1967. Currently managing 47,200 apartments in 379 residences across Europe (the majority of which are in France), this company welcomed 7.5million guests in 2007/2008 generating 1.425 billion Euros of revenue.
Leaseback owners can take their weeks of occupancy at any of the residences managed by the company. If owners wish to purchase additional weeks to those specified in their contract they can do so, using their Owner VIP card to obtain a 20 % discount on stays at any of the company?s 379 ski, seaside and countryside residences.

Financing:
Sextant works closely with a French mortgage broker in order to find the most suitable mortgage for each client. Whether you want an interest-only mortgage, a traditional repayment mortgage or hybrid mortgage let Sextant find the mortgage that is right for you.

The investment:
The purchaser does not pay building maintenance and operation expenses
There are 5 investment options:
Option 1: two stays (one week during Very High Season, one week during Low Season), with 3.05% guaranteed annual rental return.
Option 2: two stays (one week during High Season, one week during Medium Season) with 3.15% guaranteed annual rental return.
Option 3: three stays (one week during Medium Season, two weeks during Low Season) with 3.2% guaranteed annual rental return.
Option 4: five stays (one week during Medium Season, two weeks during Low Winter Season, two weeks during Low Summer Season) with 3.1% guaranteed annual rental return.
Option 5: eight stays (one week during Very High Season, one week during High Season, two weeks during Medium Season, two weeks during Low Winter Season, two weeks during Low Summer Season) with 2.2% guaranteed annual rental return.

Access:
By car:
A43 motorway to Albertville
then N90 to Moutiers
then follow signs to Courchevel / LaTania

By train:
Moutiers TGV station (20 km)

By plane:
Lyon St-Exupery airport (180 km)
Geneva-Cointrin airport (130 km)
Chambery airport (107 km)

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This property is advertised by Sextant Properties.

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