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Le Refuge du Golf

Le Refuge du Golf is a four star leaseback and classic freehold ski property situated right on Flaines 18-hole golf course, just above the Hameau de Flaine. The development will benefit from some of the most stunning views in Flaine, at an altitude of 1850m.

Ranging from spacious 1 bed to 5 bed triplex apartments as well as some individual skiing chalets, the residences will be in a traditional style but with modern luxuries such as home cinema systems, LCD TVs, satellite system and internet access. The apartments will have fully fitted kitchens and bathrooms and if bought on the leaseback scheme they will also be fully furnished to the highest specification

Facilities within the development will include a central reception, wellness centre with hammam, sauna and swimming pool, shops, a lounge for all owners and guests to relax in, a restaurant, bar and hotel and catered services. A private minibus shuttle will link skiers directly with the pistes, ski lifts and the village of Flaine.

11 Reasons To Invest in Le Refuge Du Golf

1. Flaine is a jewel of the skiing world
2. Breath-taking views
3. Residences located at an altitude of 1,850m
4. Situated right on Flaines 18-hole golf course
5. Fully-furnished (for the lease-back option)
6. Leaseback scheme with up to 4.1% gross. Revenue sharing scheme is also available.
7. High-quality material including brushed wood and local stone
8. Grand Massif holds its snow well and is renowned for being a snow-sure area due to its altitude and orientation
9. Entitled to Exchange program: possibility to use holiday entitlement in other residences – Tignes – Morillon – Morzine - Flaine
10. Only one hour drive from Geneva
11. Up to 100% finance is available.

Location

Le Refuge du Golf is located in the Haute-Savoie region with just over an hour’s drive from Geneva Airport and 30 minutes drive from the motorway.

Nestled in the hart of one of the biggest skiing areas in France, there are a total of 265 km of piste with 78 ski lifts and 218 snow cannons and a variety of skiing for all levels including some challenging off piste black areas.

There is also a great deal for boarders and a fantastic snow park area in the Auron area of Flaine. In addition, there are four other resorts linked into this ski area; Samoens, Morillon, Les Carroz and Sixt.

The high altitude, up to 2480 metres, and the exceptional geographical location of Flaine guarantee its optimal snow cover throughout the season.

Le Refuge du Golf will be situated just above the 'Hameau de Flaine' and will look down over the resort of Flaine and have a panoramic uninterrupted views of the mountains beyond.

The golf course is just opposite making Le Refuge du Golf an excellent all year round destination. There are lots of other activities in the area including hiking, walking, cycling and white water rafting.

Residences

The warmth of wood, the charm of skiing chalets,… your alpine property has been constructed with the most precious of traditional architecture. Open the door: and enter into a shelter you’ll never want to leave!

All of the apartments and chalets are south facing and make the most of the stunning mountain scenery

The prices above exclude VAT.

All the residences boast:

• All master bedrooms have en-suite bathrooms.
• Construction from the finest materials, brushed wood, wooden floors, local stones and a chimney (selected residences).
• Fully-fitted kitchen and bathrooms
• Home Cinema surround sound systems and satellite TV channels, OMC (Computer Media Centre) and Internet connections.
• Fully-furnished (for lease back units)
• Balconies on every apartment
• 1 – 2 parking space

There four ownership / leaseback options

Investis: Opt for the greatest profitability. You are interested in benefiting from a competitive return on investment and exit the hassles of the management and costs.

You get a VAT rebate of 19.6% (paid by developer), guaranteed yield of up to 4.2% (based on apartment price excl.VAT, parking and furniture) but no use of the property.

Full management for 9 years (renewable). Rental income index-linked at 100% every 3 years. Co-owners charges of €25/m² per annum.

Leisuris: Combine pleasure and profitability. You want this property to be fully managed when you are not around and accessible for your family holidays.

Benefit from the VAT rebate, from a competitive guaranteed income of 4.1% as well as a generous holiday budget of 1%* (approx. 3 weeks usage) for your own pleasure. VAT rebate of 19.6% (paid by developer).

Full management for 9 years (renewable). You are also entitled to participating in an exchange program with the possibility to use holiday budget in other residences in Tignes, Morillon, Morzine and Flaine. Co-owners charges of €25/m² per annum.

*(1% based on the apartment price excl.VAT)

Deductis: You want to become the owner of an outstanding secondary home with a reduced price, benefit from a full management of your property and enjoy it as well.

Benefit from the 19.6% VAT rebate, from an upfront 18.6% rental income advance based on an 11 year management. In total make a savings of 35% on the price of your property. Upfront reduction of 35% in total (VAT+ income of 18.6%). Private usage of 6 weeks. Lease contract of 11 years. You are also entitled to participating in an exchange program with the possibility to use holiday budget in other residences in Tignes, Morillon, Morzine and Flaine.

A number of residences can also be bought without the leaseback although VAT cannot be reclaimed. Service charges of €25/m² per annum.

Facilities & Services

There will be a central building housing

• Reception
• Lounge
• Restaurant
• Bar
• Wellness centre
• Shops
• Covered parking

The management company will offer guests a unique and personalised service, which will include:

• Breakfast
• Delivery of bread and croissants
• Half-board
• Catering
• Houskeeping
• Spa and fitness facilities: sauna, hammam, jacuzzi, massage
• Transfers to the lifts
• Transfers by helicopter
• Ski pass sales

The above services will be charged at additonal costs.

Purchase Details

5% is required upon signature of the preliminary reservation contract, this is followed by 20% upon signature of the authentic sales contract.. This is followed by various stage payments until completion.

Closing costs will be in the region of 3.5% of the purchase price.

Up to 100% finance is available. There is an interest-only mortgage up to 15 years followed by 15 year repayment. Or there is a 30 years repayment option.

This project is expected to be ready by winter 2008/2009.

Hot Properties Worldwide is an authorised sales representative of Le Refuge du Golf