MGM NEW-BUILD PROVE POPULAR WITH PURCHASERS
MGM French Properties is delighted to announce that three of its newest developments are proving popular buyers, with Le Cristal de Jade, Résidence Alexane and Les Chalets Eléna all recording strong sales to date.
Le Cristal de Jade, Chamonix
Cristal de Jade is MGM French Properties’ first five-star residence and the first Résidence de Tourisme of its kind in Chamonix. Offering owners access to a range of top-class hotel-style services the apartments are also meeting more than 200 stringent criteria to achieve 5* status. The luxury development follows traditional Savoyard chalet style, including large windows, wood and dry stone. It comprises of four-storey chalets containing 56 apartments ranging in size from one to four- bedroom apartments. Occupying a prime position in the town, the new development is part of a regeneration of the southern district part of the town. Under the gaze of Mont Blanc, it occupies a dominant position at the foot of the infamous Aiguille du Midi lift, Europe’s highest cable car.
The development has been popular, with only 14 of the total 56 apartments remaining. The development includes a swimming pool, sauna and steam room, with underground parking, ski lockers and private storage lock up for owners’ private use.
Two-bedroom apartments range from €391,667 - NET of VAT via leaseback purchase
Three-bedroom apartment, priced at €541,667 - NET of VAT via leaseback purchase
Résidence Alexane, Samoëns
Available off-plan, Résidence Alexane is located in the centre of the town close to one of the main gondolas, which takes skiers up to Samoëns 1600. Residents will be able to take advantage of the year-round bustling market town with direct access to the higher slopes. The development comprises a mixture of 32 leaseback and 26 outright purchase apartments. The residence will be followed by a boutique 4* hotel also operated by MGM French Properties.
Résidence Alexane has been carefully designed to blend seamlessly into the surrounding alpine scenery while maintaining a modern and contemporary feel. Delivered fully furnished, the development is part a new ultra-lux generation of MGM French Properties meeting demand for a slightly higher standard of property. Setting the development apart, is the range of top-class hotel- style facilities including indoor pool, fitness suite, gym, sauna, jacuzzi and steam rooms and spa.PricingOne-bedroom apartments range from €245,833 - NET of VAT via leaseback purchaseTwo-bedroom apartments range from €312,500 - NET of VAT via leaseback purchaseThree-bedroom apartments range from €441,667 - NET of VAT via leaseback purchaseFour-bedroom apartment priced at €625,000 - NET of VAT via leaseback purchase
One-bedroom apartments for outright purchase range from €240,000Two-bedroom apartments for outright purchase range from €315,000
The leaseback properties at Le Cristal de Jade and Résidence Alexane save investors 20% VAT on the purchase price. Owners still gain 100% freehold ownership as well as a fully-managed property, guaranteed rental income and up to 6 weeks use across high, medium and low seasons. Setting MGM French Properties apart is the fact that they allow owners to maximise personal use at the most desired times of year such as Christmas, Easter and February half term. For more information on the leaseback model click here.
Les Chalets Eléna, Les Houches, Chamonix
Les Chalets Eléna is a premium development of 50 apartments ranging from one to three bedrooms blending contemporary styles with traditional mountain influences and stunning panoramic views across the Mont Blanc valley. The development provides a wealth of amenities including, swimming pool, spa, gymnasium, ski stores and underground car parking. Occupying an envious south-facing plot in the centre of Les Houches, Les Chalets Eléna is within easy reach of nearby stair lifts, cafes and restaurants. Purchasers will also enjoy the yearly Tour de France race, with the tour route regularly including the stunning mountain passes of Chamonix and steep routes up to Mont Blanc.
One-bedroom apartments range from €220,000 - NET of VAT via leaseback purchase
Two-bedroom apartments range from €310,000 - NET of VAT via leaseback purchase
Three-bedroom apartments range from €420 000 - NET of VAT via leaseback purchase