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Arc 2000

ARC 2000 - RESALE LEASEBACK

French Alps - Arc 2000: Resale Leaseback - build 3 years ago. 2 bed. Guaranteed rental return at 3.9%. Price: 220,000 euros

General description

It is a 3 years old South-West facing apartment situated in the heart of Arc 2000 with uninterrupted views of the slopes of the Paradiski area.

The apartment is in the residence Cimes des Arcs and has a habitable surface area of 45.28m2.

Description: You enter into a large hallway with good storage space for outdoor clothes and ski kit which leads through to a spacious and well laid-out, open-plan living room. The living room is very light with large French windows and a traditional, stylish design throughout. The fully-fitted kitchen is large with lots of work space and runs along an entire wall of the room. It is well equipped with modern appliances. The apartment has a master bedroom, and a spacious twin bedroom which both enjoy the fantastic westerly aspect and benefit from the afternoon sunshine. There is a bathroom with vanity sink and separate WC as well as a shower room with an extra sink also. There is a pull-out sofa bed in the living room, allowing the apartment to sleep six people in comfort. There are two balconies of 8 and 9m2 running along the length of the living room and both bedrooms. The apartment comes with a host of facilities including use of the swimming pool, gym and sauna. There is parking available (which can be paid for from the ‘usage credit’). The apartment has use of a ski locker for your weeks' usage.

The lease is three years through a 10 year lease offering a garanteed rental income of 8387,24 euros rental income (3.9%).

The owners used to receive (before this year) a guaranteed cash income of 6380 euros and 2264 euros in holiday budget each year (with revision clause every 2 years, reflecting variation of index) so it shall not be a problem to revert to that allowing you to get 2 or 3 weeks usage in any of the management company residences. It can also be adapted for more usage.

The property is on the market at €220,000 with reduced notaire fees as less than 5 years old.

Location

The highest of the four villages of Les Arcs, Arc 2000 is situated at the foot of 3,226m Aiguille Rouge, benefiting from the dramatic, stunning views of the surrounding peaks including the Mont. Blanc. One of the greatest assets of the resort is direct access to the uppermost slopes and the snow-sure glacier.

With 425km of slopes, two glaciers and two peaks that soar above 3,000m, Paradiski promises to satisfy skiers and boarders of all abilities and tastes and levels. Whether you choose the marked runs, the extensive off-piste terrain or glacier skiing, the snow-clad slopes are regularly maintained ensuring the best possible conditions.

The nightlife in Arc 2000 is lively, with Whistler’s Dream, Red Rock and El Latino Loco making for an entertaining night and the Grotte de Yetti disco is well worth a visit for some after-hours fun. Other facilities in Arc 2000 include a bowling alley with billiard tables in the ‘Bowling Bar’ as well as an outdoor ice rink and cinema. There is a wide selection of restaurants, from traditional Savoyard fare to Mexican in Latino’s. Arc 2000 also gives access to the renowned altitude restaurant Les Chalets de l’Arc which remains opens two nights a week for evening diners hitching a ride in a piste basher!