Description:

Isatis 202 is a 44.4m², second floor apartment in a new residence in the Les Tines area of Chamonix. The apartment comprises one bedroom, a bathroom with a separate WC, an open plan living/dining area with fully equipped kitchen and a large east facing balcony.

Isatis is a brand new, 4* development available under the "leaseback" scheme whereby the buyer is able to claim back TVA (VAT) at 20% of the price (the price quoted is the net price, after TVA has been reclaimed). The residence will be managed and operated by Odalys, the established hotel group who operate more than 300 residences in France and Europe.

The site is opposite the forest and offers panoramic views of the Valley. The development will comprise 68 one and two bedroom apartments in total on 3 storeys. They will come fully furnished, equipped and decorated by the developer using the highest quality materials. The residence will also offer a range of services to owners and guests, including an indoor/outdoor pool, Turkish bath, fitness room, bar and breakfast service, kids club, heated ski/boot lockers, Wifi and International TV channels in each room.

The apartments are available either as a pure investment (no personal use) which would offer a return of €11,366 pa or there are 3 options for owner's use.

Option 1: 1 week's use per year at any time. Rental income €9,154 pa.

Option 2: 1 week in high season (includes Christmas week, from the third Saturday in January until the first Saturday of February and the last Saturday in June until the second Saturday in July) - return of €9,639 pa

Option 3: 1 week at any time including peak season plus 2 weeks at other times) - return of €8,760 pa.

Our opinion This is a quality scheme designed by renowned local architect, Renaud Chevallier, offering higher than average returns for the investor. A quality build and design, it's a good opportunity for buyers to secure a place in the mountains that's fully managed for them.

Features
Quality finish
Swimming pool
Stunning setting
Balcony
Ski Locker
Parking (internal)

Further Info
Service Charge: €488 pa
Taxe Fonciere: €310 pa
Floor: Second
Lift: Yes
Heating: Gas
Hot Water: Gas/Solar
Available: Dec 2016

Isatis is well located in the charming hamlet of Les Tines, with its listed chapel situated between Chamonix and Argentière.

Located in a calm and sunny area a kilometre from the Chamonix golf course, with excellent public transport links with a bus stop next door and the train station at 100 metres.

The closest lifts are at Flégère (1.7km) and the Grands Montets (3.7km)