Les Gets – Elodge
from 495,000 €
Only 4 chalets make up this new development, 1-4 bedroom apartments & penthouses available | Garage, ski locker and private balconies for all properties which are not always the case for Les Gets property market | Apartments ranging from the 1-4-beds sold fully-equipped and furnished with private parking and a ski locker. There is also the option to combine two apartments to create a standalone chalet. | Traditional chalet-style exteriors & modern interiors with high-end finishes | As a new-build Les Gets property, you can also recover the 20% VAT from the property price if you decide to rent it out through the in-house rental management company. Les Gets apartment rental can make you around 4% return each year, mostly tax-free at French Revenue
We have always liked Les Gets even though, at first, that is a good 10 years ago, we were a bit puzzled by the absolute devotion Brits had for the resort (Les Gets property market was always thriving)… I mean, it was always a nice resort, don’t get me wrong, but we thought there was probably better for the price per sqm. Since then, and the prices per sqm can testify of the growth of Les Gets property market especially new-build, we now understand why: it is so family-friendly, then the shops and restaurants are so nice (centre of Les Gets is so easy to navigate) and not to mention that the resort is really investing in more infrastructures (2 new pistes, for example, one in Perrieres and the other one close to the Chavanne, check Les Gets ski map). And of course, it is only an hour from Geneva.
The Elodge a new development with apartments ranging from the 1-4-beds sold fully-equipped and furnished with private parking and a ski locker.
Combining beautiful views and high-end finishes, the Elodge in Les Gets is an attractive investment opportunity with estimated rental yields of up to 4%. The Elodge, the new higher-end development of apartments in Les Gets (also duplex and triplex surfaces for these bigger budgets). This is an intimate collection of just 5 ski apartments and 6 duplex or triplex penthouses. The typical Savoyard facade made of stone and wood contrasts nicely with the cosiness of the modern interiors. All apartments at Elodge come with wood floors, underground heating and fully-equipped and fitted kitchens and bathrooms. Some of the dwellings at Elodge will also come with an extra outdoor parking unit.
With a really good location, all of these Les Gets apartments to have south-east-facing terraces and enjoy stunning views of the slopes, the Chavannes mountains and the village thanks to the project’s dominant position.
The Elodge located in a peaceful area in Les Gets, just a five-minute walk from the centre of the resort. In addition, there is a complimentary shuttle bus service that stops outside the property, providing faster transfers to both the village centre and the ski lifts.
In Les Gets apartments for rent usually get a very solid return
It is very flexible, you use your apartment whenever you wish and let it when you want to generate rental income. The rental management: owners have the freedom and flexibility to use their apartment, whenever they require, for up to 6 months of the year. When not using the apartment, it is then rented on the owners’ behalf by the rental management company, generating a tax-free income for the owner. Under this set-up, you can also reclaim the VAT at 20% at the end of construction. Couple this with a low rate French mortgage (average 2% fixed 20 years up to 85% property price financed). If you do not want to let your property, then you can as well but you will not be able to claim back the VAT on purchase. Just a bit of info: over 80% of holiday homeowners what to let their property, including for multi-million-euro chalets.