Briançon ski apartments
Discussion
Any thoughts on this? Sounds quite attractive, not had a chance to look into it too much yet but seems like a nice resort that would be nice to go for personal holidays as well as an investment opportunity. Though don't quite understand the leaseback part.
Here's the blurb (edited):
Briançon, located in Serre Chevalier in the Hautes – Alpes region of South East France. France itself offers fantastic potential in terms of capital growth and rental yields. In 2006 the average capital growth was just under 15%, so it's no surprise to learn that the property investment market grew by almost 70% in 2006, reaching the $30 billion mark by the end of year.
The apartments will be part of a unique development offering 4 star accommodation within a luxury resort, all year round. The resort will be managed by a hotel group and will offer fantastic facilities including restaurants, bars, exquisite shops and a luxury spa. All apartments will be fully serviced daily, come with a 9 year guaranteed rental (based on a leaseback system) and a luxurious furniture pack.
The development will consist of 170 apartments in the first phase of the conversion. Completion is anticipated in May 2010. Apartments will range from mezzanine studios (362 sq ft) to 5 bed apartments (1660 sq ft). 1 and 2 bedroom mezzanine apartments are also available between 425 sq ft and 1257 sq ft. Prices will start from €149,600 (£104,000 subject to exchange rate.)
Compagnie des Alpes also recognise the huge potential of Briançon, and have invested over €50 million to boost tourism in the area. CDA were responsible for the transformation of Val D’Isere to the fabulous resort it is today and we expect no less for Briançon.
Main Points of Interest:
• Resort to be fully managed.
• Region has recently benefited from a €50 million cash injection.
• 100% mortgages can be arranged.
• 9 year guaranteed rental on a leaseback system working at 55%.
• Option to withdraw from leaseback at any time.
• Further 19.6% saving through tax benefits.
• Genuine off plan discount.
• Recently nominated for a UNESCO World Heritage site award.
• Over 300 days of sunshine per annum.
• Full gym, 5 star spar and indoor retail.
• Prices start from only £104,000.
• 250km of uninterrupted ski slopes.
Here's the blurb (edited):
Briançon, located in Serre Chevalier in the Hautes – Alpes region of South East France. France itself offers fantastic potential in terms of capital growth and rental yields. In 2006 the average capital growth was just under 15%, so it's no surprise to learn that the property investment market grew by almost 70% in 2006, reaching the $30 billion mark by the end of year.
The apartments will be part of a unique development offering 4 star accommodation within a luxury resort, all year round. The resort will be managed by a hotel group and will offer fantastic facilities including restaurants, bars, exquisite shops and a luxury spa. All apartments will be fully serviced daily, come with a 9 year guaranteed rental (based on a leaseback system) and a luxurious furniture pack.
The development will consist of 170 apartments in the first phase of the conversion. Completion is anticipated in May 2010. Apartments will range from mezzanine studios (362 sq ft) to 5 bed apartments (1660 sq ft). 1 and 2 bedroom mezzanine apartments are also available between 425 sq ft and 1257 sq ft. Prices will start from €149,600 (£104,000 subject to exchange rate.)
Compagnie des Alpes also recognise the huge potential of Briançon, and have invested over €50 million to boost tourism in the area. CDA were responsible for the transformation of Val D’Isere to the fabulous resort it is today and we expect no less for Briançon.
Main Points of Interest:
• Resort to be fully managed.
• Region has recently benefited from a €50 million cash injection.
• 100% mortgages can be arranged.
• 9 year guaranteed rental on a leaseback system working at 55%.
• Option to withdraw from leaseback at any time.
• Further 19.6% saving through tax benefits.
• Genuine off plan discount.
• Recently nominated for a UNESCO World Heritage site award.
• Over 300 days of sunshine per annum.
• Full gym, 5 star spar and indoor retail.
• Prices start from only £104,000.
• 250km of uninterrupted ski slopes.
Looks pretty good.
I guess for a 5-star Spar they must stock a full selection of booze and fags and a good selection of household items 24 hours a day. I bet they wont get scallys hanging around outside either!
Seriously though, it says that the resort is fully managed. There is usually an annual fee for that.
Apart from that it looks like a nice option to perhaps keep some finances 'offshore' so to speak, as well as provide a nice getaway spot.
If its within 30 miles of an airport you are laughing.
Much further than that, and you might find it a bit more of a hassle.
I guess for a 5-star Spar they must stock a full selection of booze and fags and a good selection of household items 24 hours a day. I bet they wont get scallys hanging around outside either!
Seriously though, it says that the resort is fully managed. There is usually an annual fee for that.
Apart from that it looks like a nice option to perhaps keep some finances 'offshore' so to speak, as well as provide a nice getaway spot.
If its within 30 miles of an airport you are laughing.
Much further than that, and you might find it a bit more of a hassle.
Been to Serre Chevalier and won't be going back. Im a qualified ski instructor and i found the skiing very very dull and my mates who are average to good also found the skiing limited. We got a very cheap deal on a chalet for 12. Then we worked out why. Limited skiing and not much of a nightlife. Two pretty crucial things when investing into a ski resort.
I also run a property business, and my advice when investing abroad is please don't just look at the figures. Get out there and judge the place and its potential yourself. Its the only way to understand an investment.
Can't remember if you said if the development was close to the ski lifts and centre of 'town' (isn't much of one) - again seriously crucial.
Hope it all works out for you if you go for it !!!
I also run a property business, and my advice when investing abroad is please don't just look at the figures. Get out there and judge the place and its potential yourself. Its the only way to understand an investment.
Can't remember if you said if the development was close to the ski lifts and centre of 'town' (isn't much of one) - again seriously crucial.
Hope it all works out for you if you go for it !!!
I beg to differ... But it might be an age thing..
Serre Chevalier is a good ski resort, but it does lack quite a bit of skiing for the run-of-the-mill good/expert skier.. Below that, it offers a lot and above that it can offer a lot - as long as it's open!! There are some fantastic runs, with the Alphand black and Casse de Boeuf being two notable ones.. It can be a bit of a phaff if the weather is against you, and you can't get over the top to and from Monetier le Bain... Some of the routes home can be limited, i.e. at the end of the day the Casse de Boeuf becomes a motorway.. but then quite a few resorts are like that.. If you can't get over the top then there are buses, but they're a bit of a pain in the..
I would strongly suggest visiting there before investing though. It can be a little low.. Certainly over the past 2-3 seasons it has been a little limited, but there are a number of good Blue and Red runs, but they can seem a little short.
Nightlife - yep - it's more French than a usual ski resort - but it depends if you like that sort of thing. If you're looking for somewhere to down endless shots and so on, then it's not for you. However, there are some great little restaurants, with superb food and genuinely good and nice service (La Refuge springs to mind).
Worth a visit, but the conditions do need to be with you. Some stunning runs, especially interesting as they're mostly tree-lined. The lift system is steadily being improved, which was it's big downfall. I think the season might be a little short, but there are snow cannons..
It depends what you value in a ski resort, apart from the skiing of course!! It can get a little limited, but there are some good, hidden runs here and there, if you know where to go - Eureka Ski are based in Monetier.. Might be worth sounding them out.
Should point out that La Refuge is _not_ in Briancon, but is in Villeneuve.. The 3 valleys/towns go.. Braincon, Villeneuve and then Monetier le Bain. It's been a year or two since I've been, so most of this from memory...
Leaseback - isn't that the French way of guaranteeing income from it? see here : http://www.savills.co.uk/abroad/Content.aspx?type=...
Serre Chevalier is a good ski resort, but it does lack quite a bit of skiing for the run-of-the-mill good/expert skier.. Below that, it offers a lot and above that it can offer a lot - as long as it's open!! There are some fantastic runs, with the Alphand black and Casse de Boeuf being two notable ones.. It can be a bit of a phaff if the weather is against you, and you can't get over the top to and from Monetier le Bain... Some of the routes home can be limited, i.e. at the end of the day the Casse de Boeuf becomes a motorway.. but then quite a few resorts are like that.. If you can't get over the top then there are buses, but they're a bit of a pain in the..
I would strongly suggest visiting there before investing though. It can be a little low.. Certainly over the past 2-3 seasons it has been a little limited, but there are a number of good Blue and Red runs, but they can seem a little short.
Nightlife - yep - it's more French than a usual ski resort - but it depends if you like that sort of thing. If you're looking for somewhere to down endless shots and so on, then it's not for you. However, there are some great little restaurants, with superb food and genuinely good and nice service (La Refuge springs to mind).
Worth a visit, but the conditions do need to be with you. Some stunning runs, especially interesting as they're mostly tree-lined. The lift system is steadily being improved, which was it's big downfall. I think the season might be a little short, but there are snow cannons..
It depends what you value in a ski resort, apart from the skiing of course!! It can get a little limited, but there are some good, hidden runs here and there, if you know where to go - Eureka Ski are based in Monetier.. Might be worth sounding them out.
Should point out that La Refuge is _not_ in Briancon, but is in Villeneuve.. The 3 valleys/towns go.. Braincon, Villeneuve and then Monetier le Bain. It's been a year or two since I've been, so most of this from memory...
Leaseback - isn't that the French way of guaranteeing income from it? see here : http://www.savills.co.uk/abroad/Content.aspx?type=...
Edited by ginettag27 on Thursday 10th January 10:01
haworthlloyd1 said:
personally i think any property that is sold or touted as an 'investment' is poor value. things like the rental guarantee etc etc and 'research figures' are there to mask over the fact it is a poor investment.
Agreed.The very point that they are having to tell you its a 'good investment' usually means it isn't.
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