Athena Residence

Ref: 60091

Type: Apartment

Location: Haute Savoie, Rhone - Alpes, France

Price: 57223 to 170853 EUR (57223 to 170853 EUR)

Size: 30.27 m2 to 100.62 m2

1 bedroom, 1 bathroom

leaseback, recommended, portfolio

GUARANTEED RENTAL YIELD 6% P.A. FOR FIRST 2 YEARS

At the heart of the Grand Massif, linking 5 stations (Carroz, Flaine, Morillon, Samoens, Sixt), the family-owned CARROZ resort (1,140 m – 2,500 m) has preserved its authenticity.
Located 55 km from Chamonix, 40 km from Geneva and 10 km from the A40 highway, Les Carroz offers your 260 km of slopes as well as 74 km of cross-country skiing paths, as well as a full array of winter activities: snowmobiling, snowshoes, skating, night time skiing, surf…

Skiing area
Grand Massif: 265 km of slopes
5 linked-in resorts
Les Carroz – Flaine - Morillon – Samoëns - Sixt
Skiing area: 2500 m
80 chair lifts
135 slopes: 15 black diamonds - 56 reds - 41 blues - 13 greens - 10 various
2 snowparks

In the summer, outdoors activities in nature will please everyone: golf, swimming, archery, mountain biking, horseback riding, hiking, rafting, rock-climbing, hot-air balloon, fishing...
In the summer, go out in the open for the entire day or for a laid-back hike on our trails. By foot or VTT, use the cable car of La Kédeuze, open throughout the summer for your pleasure, and meet us at the heart of the Grand Massif, with a breathtaking view of Mont-Blanc. After effort…comfort. At the peak of the cable car, you will find many restaurants ready to great you and please you with the mountain's best treats.

Whether it is expanding your horizons by taking a paragliding flight or scaling new heights of endurance and pleasure by climbing a local peak, Les Carroz can certainly feed and culture a whole range of new experiences.

Summer can also offer you peace and tranquillity – lazing by the pool, dozing in the shade of the pine trees or simply enjoying a long leisurely lunch.

There are always pioneer spirits that dream of notching up the summits, but nature has so much more to offer: spotting a chamois or a marmot, catching those elusive fish, breathing in the heady scent of alpine flowers or just making the most of the beautiful mountain scenery.

In Les Carroz, skiing is not the only way to experience the slopes and scenery: snowshoeing, dog-sledging, snowmobiling, hot air ballooning… create your own wish list!

At nightfall, share these special moments in a cosy atmosphere over a fondue by the fireside or perhaps in a hot tub beneath the stars.

Development

Athena Residence benefits:
- Residence delivered and operated since 2007
- VAT exemption on real estate and furniture
- Strategically located at the centre of the station
- National operator: RESIDHOTEL
- Spacious apartments with beautiful terraces and, of course, a breathtaking view of the Ecrins Mountains.
- Investing in a listed Tourism Residence exempts you from the VAT.You therefore pay a tax-free price for a tax-included patrimonial value asset.

Worry-free asset management
You become the sole owner of your apartment and sign a management contract with RÉSIDHOTEL, who therefore becomes your sole tenant.
Therefore, RESIDHOTEL guarantees your rent is paid and frees you of any management constraint:
When investing, you are guaranteed:
• Avoiding management complications

• Payment, whether your apartment is rented or not

• Good apartment management, as well as of the residence

• Benefiting from your apartment if the contract foresees it or if preferential conditions on holidays or in other RÉSIDHOTEL residences.

Price

Apartment C14 – 24,52 m2 €96,834

Apartment B1 – 28,15 m2 €111,170

Apartment B7 – 38,15 m2 € 151,530

About France

France officially the French Republic (French: République française) is a country whose metropolitan territory is located in Western Europe and that also comprises various overseas islands and territories located in other continents. Metropolitan France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean. French people often refer to Metropolitan France as L'Hexagone (The "Hexagon") because of the geometric shape of its territory.

France is bordered by Belgium, Luxembourg, Germany, Switzerland, Italy, Monaco, Andorra, and Spain. In some of its overseas departments, France also shares land borders with Brazil, Suriname, and the Netherlands Antilles. France is also linked to the United Kingdom via the Channel Tunnel, which passes underneath the English Channel.

The French Republic is a democracy that is organised as a unitary semi-presidential republic. It is a developed country with the sixth-largest economy in the world. Its main ideals are expressed in the Declaration of the Rights of Man and of the Citizen. France is one of the founding members of the European Union, and has the largest land area of all members. France is also a founding member of the United Nations, and a member of the Francophonie, the G8, and the Latin Union. It is one of the five permanent members of the United Nations Security Council wielding veto power, and it is also an acknowledged nuclear power. It is considered as one of the post World War II great powers. France is the most popular international tourist destination in the world, receiving over 75 million foreign tourists annually.

The name France originates from the Franks, a Germanic tribe that occupied the northern Europe after the fall of the Western Roman Empire. More precisely, the region around Paris, called Île-de-France, was the original French royal demesne.

A Guide to Buying Property in France

Step 1
Once you have chosen your property you will need to sign a reservation or booking form. This form reserves the property for you until you have signed your reservation contract ("Compromis de Vente").

N.B.
1)Before you make any payment it is important to find out if this deposit is refundable should you not proceed with the purchase.
2) If you are taking out a mortgage on this property you should start this process now or as soon as possible.
3) You will also need to instruct a lawyer to act on your behalf. We have a list of recommended lawyers to help you with this.

Step 2
You will be issued with a reservation contract, "Compromis de Vente". This binds the buyer and seller subject to obtaining a loan*. Usually you will be required to pay a 5% deposit to the Notaire at this stage. There follows a 7-day cooling off period. In this you will also be notified of the time frame by which time you should return the signed contract to the developer/agent. N.B. It is important to immediately pass your reservation contract to your lawyer to review.

If you are entering a "guaranteed rental" scheme or a "leaseback scheme" with a developer you will most likely receive an additional rental agreement for your signature. Make sure to have this checked by your lawyer before signing.

*If you are obtaining a mortgage for the purchase of the property you must include this in the reservation contract. The contract should then provide for you to withdraw from the purchase should you not obtain the necessary funding. This is known as a "clause suspensive"

This contract will also outline the stages at which the next payments are due and when you will be required to pay the final amount and sign the final deed of purchase"Acte de Vente". The mortgage deed must be notarised at the same time as the final purchase deed

When you return the signed reservation contract to the developer, together with the deposit requested, they will countersign this contract and return it to you.

Step 3
You will receive your final contract "Acte de Vente". Time frame for signing is approx 2-3 months. This must be done in front of a public notary in France, who oversees that the final transfer of the property into your name is done within the laws of France. You can attend this closing personally, or alternatively can sign a Power of Attorney to your lawyer to represent you at the closing and sign on your behalf. Alternatively you can sign at the French Embassy (your lawyer should be able to advise you on this).

Closing Costs France

New off plan property - (not including lawyers/notary fees): 2.7-3%
Usual payment schedule: 5%, 25%, 8 separate smaller payments max 15% at any one time

Leaseback
4.5% not including furniture

Resale property
8%

What your lawyer should do

Your lawyer will check your contract for compliance with the laws of the country you are purchasing in.

Your lawyer should:
A) Review of preliminary contract to ensure compliance with laws of relevant Dubai jurisdiction
B) Carry out due diligence on the developer of the property to check planning permissions, land registry, building permits licences etc.
C) Undertaking negotiations with developer on any issues which need to be changed or included.
D) Report on the contract as a whole highlighting any clauses included which you might want to negotiate, and any clauses which are missing which should be included to provide you with further comfort
E) It is of utmost importance for your lawyer to ensure all land registration deeds and title deeds over the property are fully checked, and also that the land on which the property has been built has been designated as allowable for foreign ownership.