Inviting 3 bedroom Apartment for sale in Val Thorens, Rhone-Alpes

1,100,000 EUR 946,000 GBP 1,188,000 USD

Reference: 241901

Bedrooms: 3
Bathrooms: 2
Floor Size: 99 m2

Features

Balcony
Skiing Area
Potential for Income
Mountain View
Parking
Good Condition

Details

Superb 3 bedroom apartment situated in a splendid 4• hotel residence.

With a spacious living area of 107m2, features include: large living room opening onto a balcony with a view of the summits, fully equipped kitchen as well as 3 bedrooms, 1 with bathroom and WC and 2 with shower room and WC.

After your day of skiing, you will be able to take advantage of the many high-end services of the residence such as the spa and the swimming pool.

The property is sold under commercial lease until 2031 with a rental income of 23,000 EUR net or weeks of occupancy. It is also sold with a fitted cellar, a ski locker and two parking spaces.

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France Property Buying Guide

1. Signing the Agreement (Compris)

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.

The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.

Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.

2. Paying the Deposit

Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.

3. On Completion

Generally it will take around two or three months to complete the purchase.

During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.