La Chapelle at Ste Foy
This luxurious 4* development provides both a fantastic lifestyle opportunity and also a strong investment with guaranteed & index-linked rental returns for 9 years (constantly renewable) with MMV as management company – the 2nd largest provider of accommodation in the Alps.
- 3.8% index-linked rental return renewed & renegotiated every 9 years
- Free renovation of property every 9 years
- 4* development with numerous facilities
- Flexible personal usage in both Winter & Summer
- Ski-in ski-out location
- Construction is Guaranteed
- Complete for 2011 ski season
- Notification is due within a couple of months of reservation
Ste Foy en Tarentaise
Ste Foy is a beautiful unspoilt resort (with immediate access to Val d’Isere, Tignes, Les Arcs & La Rosiere) that has long been the preserve of experienced guides bringing their clients over from Val d’Isere to enjoy the famous powder and off-piste skiing available.
Thanks to some sensitive re-development this town has been reborn as a cute and luxuriously quiet retreat for families and groups alike with beautiful scenery, quaint village, fantastic skiing and some of the Alps’ best restaurants.
Between 2009 and 2010, Ste Foy appreciated 7.5% and that was during a recession. This is because it is a lesser known “hidden gem”, a beautiful little town just down the road from Val d’Isere (twice as expensive) with good access and links. Space to build in the Alps is finite, so as more and more people find out about Ste Foy, prices are only going one way.
MMV – The Management Company
Investors can swap their weeks usage at Ste Foy with any of the management companies other developments. La Plagne, Alpe d'Huez, Arc 2000, Montgenevre, Flaine, Les Deux Alpes, Tignes, Serre Chevailer, Val Cenis, Valfrejus, Vars, Val Thorens, Cannes. By the time Ste Foy has been built, there will also be numerous other properties built that you will be able to take advantage of: Les Salins de Giraud (Camargue), Lacanau (Cap Ferret), Bandol (Cote d’Azur), St Emillion (Bordeaux).
- 3.80% + 1 week stay during the off-peak season
- 3.20% + 1 week stay during the peak season + 1 week stay during the mid-season + 2 week stay during the off-peak season
- 2.50% + 7 weeks of use during any period
Please note that at La Chapelle the investor will also be able to use the property as they please in May, June, September, October and November when the development is not operational for tourists. There will be a nominal cleaning and laundry charge of €70 per week for the whole apartment.
We have full mortgage facilities available in house with Athena Mortgages. 85% mortgages available, rates as low as 2.75% on a repayment basis.