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Val Thorens - Le Hameau du Kashmir

VAL THORENS - LE HAMEAU DU KASHMIR

Le Hameau du Kashmir is a new development in Val Thorens, 3 Valleys. 4* tourism residence, it is the opportunity to buy in high altitude a property managed and taken cared for by a management company with a long track record. 2 beds from 277,592 euros

General description

In this development, the main point of focus for the developer and management company is comfort and convenience. After all, this new property is a high quality 4* new leaseback development, and will not have any sleeping in the living room. With mainly 2 bed apartments (no studios or 1 beds), and a few 3 beds (only 6 available), each bedroom will enjoy their own en suite bathroom or shower room.

With fully fitted kitchens of the highest standards, you are not only buying into a state of the art development, but also a sustainable quality building with the best equipment available – fridge/freezer, oven, microwave, vitro-ceramic hot plates, dishwasher and a lot of storage. As you are buying into a leaseback property, your apartment will also come fully furnished, ready to rent.

Also this new development will conform to the French norms THPE, which means Very High Energetic Performance (Tres Haute Performance Energetique), with double glazing, south facing bay windows, very efficient double ventilation, optimisation of the water flow, to name a few…

Under-floor heaters, all regulated electronically based on the outdoor temperature is also included.

Prices:

2 Bed apartment, surface from 46.40sqm starting at €277,592 ex Vat up to 59.70sqm at €371,237 – including ski lockers, parking and fully furnished

3 Bed apartment, surface 68sqm starting at €428,930 ex VAT up to 106.9sqm at €613,712 - including ski lockers, parking and fully furnished

The Lease:

This is a leaseback property, with an 11 years lease agreement. This means that the prices quoted above do not include the VAT of 19.6% which is refunded by the French government following the purchase (so you are saving 19.6% of the value of the property).

You are given 3 lease options to choose from:

“Formule Placement”: With full cash return up to 3.82% return with no occupancy – See below for more details.

“Formule Neige”: With cash return and 3 weeks occupancy in Winter – yields vary depending on the property.

“Formule Neige-Montagne”: With cash return, 3 weeks in winter and 3 weeks in summer.

Location

At 2,300m altitude, Val Thorens is the HIGHEST Ski Resort in Europe…in the largest ski area in the World: the 3 Valleys (Les 3 Vallees). With a network of over 600km of ski slopes, you are connected directly from your front door to the other resorts of Courchevel, La Tania, Meribel, Brides-les-Bains, Les Menuires – St Martin and Orelle. Val Thorens has also a wide variety of entertainment available, with restaurants and bars, bowling, concerts, movie theatre – plenty to keep you busy after a long day skiing.