Le Pic de l'Ours, Font Romeu - Ski Property For Sale - France

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Le Pic de l'Ours, Font Romeu

from € 106,000

Property Type :- 1 bedroom.

LEASEBACK Options available.

Developed by one of France's top developers, this luxury residence is ideally situated in the centre ofpretty FontRomeu. Located opposite the main ski lifts this residence will include 102 apartments ranging from studio to 2 bedroom properties available for salethrough leaseback or on a straight forward sale.

Le Pic de l'Ours, Font Romeu - Description

Le Pic de I'Ours, a 4* residence by a top French developer, is being built in a choice location in the centre of Font Romeu. Primely located opposite the main ski lifts and close to all that the village has to offer including shops, restaurants, bars, a cinema, ice rink, swimming pool, sports centre and much more.

Due for completion in April 2008, the residence will include 102 apartments finished to a high standard featuring studios to 3 bedroom properties, and facilities including an indoor swimming pool, sauna,steam room and private parking.

Prices start from 104,890 GBP for a one bed apartment.

Tax Benefits:

Owners at Le Pic de I'Ours can benefit from an important tax incentive:

An excellent way to invest in property in France is through buying a leaseback property which benefits from a government-backed VAT-refund incentive, designed to encourage investment in tourist residences. Through freehold ownership of an apartment or cottage that is leased back to a management company for a period of9 years, investors benefit from guaranteed annual returns from their fully managed and maintained property with relatively low up-front costs and no ongoing maintenance or running charges.

The French government will refund the VAT (19.6%) to investors on purchases of leaseback properties over a 20-year period which represents a significant saving on the purchase price to investors.

Owners at Le Pic de I'Ours can enjoy rental returns of up to 4% per year if buying through the leaseback system. You can also opt for a straightforward freehold purchase (without leaseback) to enjoy your property as often as you like.

Font Romeu Real Estate

Le Pic de l'Ours, Font Romeu, France