• Ideally located in the heart of Chamrousse, a few seconds walk from ski lift and shopping.
• The residence "Les Balcons de Recoin" consists of 128 apartments spread over 2 buildings, from 1 to 2 bedrooms.
• The apartments have been designed for an absolute comfort in a smartly decorated residential complex.
• All units benefit from a balcony and personal ski locker. Parking spaces are also available.

On site services include: reception lounge, breakfast room, restaurant, SPA, inside pool, Jacuzzi, sauna and hammam.

Being newly built, the property has a 10 year construction warranty and, as part of the leaseback scheme, will be fully maintained (including furniture) throughout the lease period by the management company, at their expense.

To safeguard against the developer becoming insolvent, a full Bank Guarantee has been arranged. This insurance is called "GFA" (Garantie financière d'achêvement des travaux) which guarantees the completion of the development.

Buying on Leaseback:

• You buy the property freehold, so it is yours from the outset, then lease it back for a fixed period (11 years 11 months) to a management company who let it out as holiday and business accommodation.
• The same management company is appointed for the whole development.
• The lease contains an agreement of a fixed, guaranteed rental which the company will pay to you. There are provisions for this to increase periodically, in line with the INSEE Cost of Construction Index published by the French government. In practice this translates into a 6% (approximately) increase every 3 years.
• The management company is responsible for all property outgoings during the lease period, including maintenance of the building and furnishings, which means that the rent you receive is a true net figure.
• The French Leaseback Scheme is ideal as a long-term investment.
• If you renew the initial lease, you have an 18 year period of guaranteed returns which should be long enough, at Euro interest rates, to clear a repayment mortgage in its entirety. You therefore end up with a property which you own outright and which, apart from your initial deposit, has been paid for by someone else.
• As a long-term investment it is entirely guaranteed from beginning to end, offering a good return, increasing regularly and paid partially by the return.
• Whilst this is essentially a medium to long-term investment, you may wish to sell during the lease period, and this is quite acceptable. You sell with the benefit of the remainder of the lease, which the new owner will renew for a second period.   

Furniture includes all furniture, furnishings and kitchen appliances.

Chamrousse is the new ski destination of the French Alps. Just 30-35 minutes from Grenoble, a regular destination for many low cost and charter airlines.

Les Balcons de Recoin is located at the heart of the resort, making it very convenient to access all the facilities.

Chamrousse has 92 kilometres of piste just half an hour from Grenoble. It is a good family resort with 23 ski lifts, a great freestyle area which includes 1 snow park, 1 big air and a boarder cross course.

There are 25 bars/restaurants, 11 food stores, 20 sport shops, all the French services within the resort (Postal service, administration, bank, gas station, Ski School, police, pharmacy, taxi, bus etc etc !).

There is a wide range of activities available, during winter as during summer. For winter, as well as skiing and snowboarding there is snow biking for kids, snow shoe outings, ice driving. For summer, activities include rock climbing, horse riding, tennis, quad bikes, skating and rollerblading, mini golf. There is also a leisure centre, cinema and library.

Fly from London Stansted, Dublin, Liverpool, Glasgow or Nottinghan via Ryanair, from Bristol via Easyjet, or from Coventry and Bournemouth via ThomsonFly.

Leaseback options available. New build property in France is subject to 19.6% VAT but under the leaseback scheme, if you buy ‘off plan’, you are able to have this refunded by the government.

Asking Price for Les Balcons de Recoin - 1 bedroom: From 122 000 €