Apartment for sale in France

Flaine - Set to be the Success Story of the Alps! New development, ideally suited to those looking for free occupation during peak season, located in Flaine. Last few properties now available - please enquire for full details.

Thanks to its excellent snow, the ski resort of Flaine, located just one hour from Geneva, is known as the ?white desert?.

The resort of Flaine originated in the 1960?s when two millionaires, Réne Martens and Gerard Chervas discovered the site and forged ahead creating their very own masterpiece of a ski resort.

Today, the architecture of Flaine is very much in the style of the 60?s and is combined with unusual statues and art galleries, making it a contemporary resort with great skiing.

Flaine is at the centre of the Grand Massif ski area, making it the fourth largest ski area in France, and is linked to the popular resorts of Samoens, Morillon and Les Carroz, offering a total of 267 km of piste.

Located in the Flaine Foret sector, this new residence will be composed of just 40 apartments spread over 6 floors, to be delivered in December 2007.

The development will be approximately 20 metres away from the lift taking skiers direct to the centre of Flaine and the ski lifts. Alternatively, a walk in the other direction will lead directly to the ski lifts, and there are rumours of perhaps another new ski lift closer to the residence in the future.

Properties range from one bedroom apartments measuring 40.51 m2 with a generous balcony of 9.84 m2 price at 193 752 ? inc VAT, to a two bedroom apartment measuring 60.53 m2 with a balcony of 6.33 m2 priced at 288 236 ? inc VAT.

The apartments are being sold with a 9 ½ year lease which will be offering two forms of personal occupation:
1) With Use: Owners will earn a guaranteed income of between approx 2.5 and 2.6% but, will benefit from 4 weeks use per year, including 1 week in winter very high or high season, 1 week in winter middle or low season, 1 week in summer high season and 1 week in summer low season

2) Without Use: Owners will earn a guaranteed income of approx 3.6-3.7% and will benefit from a discount of 20% on public prices throughout the year.

Rental income will be paid annually in arrears.