I really like this development in the very popular village of Belle Plagne. The internal renovation has been carried out to a high standard and the leisure facilities are excellent. The 4 star tourist Residence Le Centaure is in a great ski in ski out location at the top of Belle Plagne village; widely regarded by many as the prettiest of La Plagne's high altitude villages.

The residence comprises 53 ski apartments to be sold on a 9-year leaseback basis. This particular apartment is a 1 bedroom plus cabine (bunk room), 2nd floor apartment to be sold furnished and with underground parking..

The residence itself offers reception facilities, underground parking and excellent leisure facilities including swimming pool, sauna and hammam.
At 52 sq. m, totally refurbished and refitted, furnished and with balcony and parking this would make a fine ski base as well as earning a guaranteed rental return.

Belle Plagne at 2000m is one of La Plagne's most snow-sure high altitude villages built in a sympathetic and pretty architectural style. With a choice of shops, bars and restaurants and ski in ski out access to La Plagne's slopes it has long been popular with UK clients.

FINANCIAL INFO;
The great advantage of leaseback is that as an owner you save the VAT on the purchase price , can reserve weeks for your own personal weeks and recieve a guaranteed return. All maintenance and repair issues are carried out by the management company so you have nothing to worry about.

The apartments generate a 4.1% return based on the apartment price without the furniture pack or a parking space.For some apartments this return is 4.6%. This is for 1 week's low season use or 2 weekends. However it is possible to add further week's use simply by reducing the return .

Additional low season weeks reduce the return by 0.1 %
Additional medium season weeks reduce the return by 0.3%
Additional high season weeks reduce the return by O.5%.

So it is possible for a family to have good use of their apartment and still earn a reasonable return.

Management charges are priced at 20 euros per sq.m
Taxe Fonciere is charged at 14 euros per sq. m.
After 9 years the lease will be automatically renewed. All apartments would be totally refurbished . You can choose not to take up the renewal but there would be some element of the VAT savings to be paid back.