Beautiful New Chalet with 6 apartments in Val Thorens, France
Orelle / Les 3 Vallées, France
Real estate promotion. Renovation Project. Income scheduled for October 2020. Rental scheduled for October 2021.
The value of the selected square does not represent a full square, nothing changes for you except that the square will become green when the full square has been sold.
Funding details for this project:
• 74% by a French bank.
• 9% by the real estate founder.
• 17% by investors.
5% of the amount collected is kept to cover 112% of the annual charges, i.e. 13 months of operational security with no income.
The cash flow from the leveraged operation is 13.77% before tax.
In the heart of the Maurienne, Orelle is the gateway to the 3 Valleys, an exceptional domain with 600 km of slopes accessible to all skiers, with 85% of the slopes above 1800 m, thus guaranteeing a level of snow. optimal. From the mountain village of Orelle (880 m) come and discover the great outdoors and the highest peak of the 3 Valleys (Le Bouchet 3240 m). For mountain lovers, Orelle, Val Thorens is THE great destination for skiing in the sun!
Type of property: Apartment
Type of rental: Short term rental
Floor: 3 & 4
Surface: 350.00 SQM
Type of heating: Electric
Energy performance diagnosis: NS
Greenhouse gases: NS
Balcony / Terrace: No
Garage / Parking: No
The rental forecast is based on the extraordinary potential of the winter season since the 3 valleys benefit from certain snow cover from early December to early May and the summer bonus linked to the development undertaken by the region to develop summer tourism.
Summer tourism is currently mainly based on cycle tourism since we are at the heart of stages of the Tour de France.
The hypotheses adopted based on the figures provided by the tourist office and our market study are for a "6 beds":
• In high season between 950 and 1150 € / week (8 weeks out of 10 for Christmas, February and Easter)
• In mid season between 750 and 900 € / week (5 weeks a week for February, March and April)
• In low season between 380 and 500 € / week (2 weeks over 5 weeks for December and April)
• In summer period the night at 110 € or 18 € / person (50 nights)
All in all, we can expect a gross rental income of around 11.38% with a filling rate in winter of 15 weeks out of 22 and in summer of 50 nights out of 150.