Le Ridge – Les Arcs: see our latest luxury apartments in Les Arcs, the Hotel Residence & Spa Le Ridge****, perfect for clients looking for a ski-in ski-out apartment, with access to substantial skiing in Paradiski, incredible views, an enjoyable and lively night scene in a family-friendly atmosphere.
Prices from:
1 bed + cabine from €445,000 (€370,833 ex VAT)
2 beds from €418,000 (€348,333 ex VAT)
3 beds from €549,000 (€457,500 ex VAT)
4 beds from €685,000 (€570,833 ex VAT)
5 beds from €776,000 (€646,666 ex VAT)
- Delivery: December 2019
51 units / 1-5-bedroom apartments
Facing south-west with large terraces and balconies
Spa (massage, sauna, hammam), a pool (10 x 25 m), and a gym.
Parking spaces
Concierge service
Full (but optional) rental management, rental yields over 5% NET
20% VAT discount possible for those who rent on an ongoing basis
Worked example: Apartment 308 – 3 bedrooms
82m2
2 balconies
3rd floor
Unobstructed views
€605,000 incl VAT
€504,167 ex VAT (£450,000 GBP)
Rental income
The rental figures are attached. That shows for a 3 bed property, that after a couple of years with repeat business and increased exposure, running at 80% winter occupation it would create €45,818 income, and then another €4550 from the summer at 65% occupation. That would be a total of €50,368 for the year. From there you remove 30% to cover the rental management costs and cleaning services = €35,257
Taxe fonciere (land tax) payable from year 3 after completion €15/m2 year
Co-ownership charge (service charge) covers all communal areas and upkeep €20/m2/year
Annual Utility costs €1500
(Total €4370)
Total income at average occupation levels net of service charge, rental management, cleaning services, utility bills, land tax = €30,887 Net
On a purchase price of €605,000 that’s a potential yield of 5.1% NET
If you want to claim back the 20% VAT on the purchase price, then you also have to pay back 10% VAT on the rental income. That means on an Ex-VAT purchase price of €504,167 and with an income of €28,079ex VAT, you have a rental yield of 5.6% NET
Le Ridge in Les Arcs potentially offers some of the strongest returns in the Alps, thanks to the low purchase price per m2 of the properties, the long rental seasons and high occupation levels.
