Luxury ski apartments in Montgenevre, French Alps
Le Chalet des Dolines is a superb French leaseback ski development in Montgenevre consisting of three chalets built in a traditional alpine style with timber and stone.
The ski in ski out apartments will have a beautiful reception area, swimming pool, saunas, steam rooms, gym as well as a Spa centre where you will be able to enjoy a variety of massages and beauty treatments.
Most of the 56 ski apartments will benefit from panoramic views of the slopes and mountains, and lots of sunshine due to the southerly aspect of the alpine properties.
Le Chalet des Dolines is situated in Montgenevre, one of the oldest ski resorts in the French Alps and is located on the border to Italy. At an altitude of 1860m it is also one of the highest with plenty of snow. The village, surrounded by lovely wooded mountains, is perfectly located on the slopes of the famous Via Lattea (Milky Way) skiing area with 400 km of slopes. Its reputation as one of the largest and snowiest ski areas in Europe led to it being chosen for the 2006 Winter Olympics.
All in all, this is an excellent "new" location for ski and mountain lovers with a great potential for capital appreciation.
The residences
Le Chalet des Dolines comprises three main chalets built in traditional Alpine timber and stone. All 56 ski in ski out apartments have a private terrace or balcony and most offer superb panoramic views on the slopes and surrounding mountains.
The luxury ski properties are freehold and come fully-fitted and fully furnished.
| Unit Type | Size (gross area) | Prices FROM (excl. VAT) | |
| Apartments | |||
| 1 bedroom | >40 m² | €173,913 | |
| 2 bedrooms | >54m² | €255,853 | |
| 3 bedrooms | >61m² | €261,705 | |
| Duplex (on two floors) | |||
| 2 bedrooms | >53m² | Sold out | |
| 3 bedrooms | >69m² | Sold out |
Prices include private locker and ski locker.
There will also be underground parking space for residence owners.
Location – Fit for the 2006 Winter Olympics
At an altitude of 1,860 m, Montgenevre was France's first official ski resort and has just celebrated its 100th birthday. Situated right next to the Italian border, Montgenevre is surrounded by lovely wooded mountains. The Franco-Italian Milky Way skiing area has over 400km of pistes, stretching to Sestriere and Sauze in Italy. Its reputation as one of the largest and snowiest ski areas in Europe led to it being chosen for the 2006 Winter Olympics.
Skiers and snowboarders at all levels will enjoy Montgenevre. And should you get tired of the 400 km of slopes it is only a short drive to other French resorts including Serre Chevalier and the historic town of Briancon, which happens to be the highest town in France and recently gained acknowledgement as being made a UNESCO heritage site.
And it is much more than a winter resort. In the summer, there is a variety of activities on offer; the 'front de neige' converts into a quality 18-hole golf course. Also mountain biking, kayaking/rafting, fishing, canyoning and horse riding are available.
Famous for its 300 days' of sunshine per year you can count on perfect weather and in fact, the Mediterranean coast is just 2.5 hours away.
Montgenevre is easy accessible:
- 20 minutes from Oulx's TGV train station (Italy)
- 1h15 from Turin airport (Italy)
- 2h20 from Chambery airport
- 2h35 from Grenoble airport
- 3h from Geneva airport
- 3h from Lyon airport
Facilities and Services
The 4 star facilities include indoor heated swimming pool, steam room, sauna, Spa and pampering lounge (massages and beauty treatments), gym, etc.
Once you become the owner of an MGM leaseback apartment, you can exchange your occupation weeks with any MGM residence run by CGH for a one off 70 Euro fee.
Leaseback purchase options
Option 1: Lease with rental income and 4 weeks use
- The total price of the apartment is payable excluding VAT (currently 19.6%).
- You are guaranteed an annual rental income according to the size of the property.
- 4 weeks use per year: 1 high season and 1 medium season during the winter period and 1 high season and 1 medium season during the summer period.
Option 2: Lease with rental income and 2 weeks use
- The total price of the apartment is payable excluding VAT (currently 19.6%).
- You are guaranteed an annual rental income according to the size of the property.
- 2 weeks use per year: 1 high season and 1 medium season.
Option 3: Lease with price reduction of 30% and 10 weeks use
- The purchase price is reduced by 30 per cent. The discount consists of the non-payment of VAT (19.6 per cent; on the total price) and a one-off lump sum equivalent to rental income paid in advance.
- 10 weeks use per year: 6 in season, 4 out of season*
- There is no rental income for this option, as there has been a discount on the purchase price.
*Off season weeks are in May-June-Sept-October. During this time, the facilities and the reception are closed; you only have access to your apartment. You cannot exchange these weeks.
Exchange programme
If the length of stay is more important than high season, you will be able to get even more occupation through the exchange programme:
- 1 high week for 1 low week and 1 medium week
- 1 high week for 3 low weeks
- 1 medium week for 2 low weeks
Therefore under leaseback option No 3 for instance, the owner can enjoy up to 12 weeks in season + 4 weeks out of season, therefore up to 16 weeks in the mountains every year!
6 weeks use in season means: Winter: 1 high week, 1 medium week, and 1 low week and Summer: 1 high week, 2 medium week
Moreover, you can exchange your property with any equivalent property within the CGH residences, for an equivalent period (1 high week for 1 high week).
Under all the options, you can sell at any time and, at the end of the 11-year term, you can choose to enter into a new lease agreement on mutually agreed terms or opt out of the scheme and retain full use of the property.
The management company pays for the upkeep and maintenance of your apartment along with all the utility bills. You would still have to pay a fixed part of the annual service charges and the "Taxe foncière".
Own Now!
Construction is in progress and completion is scheduled for 4th quarter of 2010.
Freehold ownership
Payment schedule: 5% is required to reserve a villa. This is followed by an 18% down payment 30 days after having reserved the villa. Stage payments are then required throughout the construction period.
For leaseback properties, some lenders can lend you 80% of the price including VAT (19.6%). Since you do not pay the VAT under the leaseback scheme, this does actually corresponds to a 100% mortgage, so it can be very interesting indeed.
Signature Residences is an authorised sales representative of Luxury ski apartments Montgenevre
