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Great Business opportunity in the Alps
Ref:99051	Status: For Sale Price: €2,594,480 Type: Investment Property Beds: 24 Baths: 24 Floor Area: 800 m2 Email us about this listing Tel: 00 33 951 73 36 55 Wotnots in France French Office 0033 (0) 951 73 36 55

A group of properties comprising 38 Lots in a 4 storey building which has residential and commercial businesses
At the foot of the ski slopes and close to the ski station of l’Aravet .

-24 Studios composed of a room with kitchenette incorporated, bathroom, toilet, dependencies and balcony; in a modern building, at the foot of the ski slopes and close to the ski station.
-1 Bar Restaurant in same Bldg.
-2 local professional.
-Various shops and commercial premises on the ground floor, including caretakers office: Reserve, Lingerie, toilettes for clients of Restaurant and for staff of Hotel and a telephone centre.

This Building offers a beautiful panoramic view with a location at the foot of the ski slopes. Very large kitchen and a quality service. Located a few minutes of the centre of Villeneuve and only 25m from the ski station, which takes you directly to the heart of ski area. If the snow conditions permit, you can ski from less than 20m from the hotel. In our opinion there is not a better location. The lounge of this property is a central point with a comfortable and welcoming atmosphere.


24 Studios composed of a room with kitchenette incorporated, bathroom, toilet, dependencies and balcony.
Surface: policy M/M 21.66/21.66 M/M 21.66/21.66 M/M 21,47/25.33 M/M policy/23.01 M/22.63 M/M 22.63/25,53 M/M 26.30/26.30 M/M 26.30/26.30 M/M 31,91/23.01 M/M 23.01/23.01 M/M 23.01/23.01 M/M 23.01.
Balcony: 3.60 M x 24 Lots = 86.40 M
Total Surface area of Studios: 549.60M ²
Balcony area 30% = 25.92 M
Total Area: 575,52 M
Each studio made up as: Living room , bathroom, separate toilet, kitchen, balcony. Possibility to accommodate 4 people, with 1 double bed and bunk beds.

Bar Restaurant Bar Restaurant: 152 + 8 m2 = 160 m2
A local bar-restaurant, with kitchen and dependencies, located on the ground-floor building + one local commercial located at north-wes tfacing end of ground-floor, on former terrace, adjacent to the bar-restaurant.

Professional Accommodation.
The premises used for office, reception, cloakroom and telephone booth, located on the ground-floor near the entrance hall common, A use of communall lounge located on the ground-floor
Surface: 22 M// Surface 22.63 M

More various lots
Representative 10 Lots of Joint ownership.
Surface of total 57.14 M

Prices
Residential areas either 38 Lots of Joint ownership making a total area of: 837.29 M
575.52 M// Commercial: 160 M// Professional: M 44.64
(not per M)
= Price M 3800 € for small stores.
Surface Commercial areas rental 2000 € per m2
Professional areas 2000 € per m2.
Residential areas rentals 575.20 M x 3800 = 2 185 760 €
Commercial: 160 M x 2000) = 320 000 €
Professional: 44.64 M x 2000) = 88 720 €
Total Price of Sale: 2 594 480 €
This price is for the property if cleaning and refurbishment is done. At this price the buyer will have the property in a new condition.
The price for refurbishment and cleaning according to the local market amounts to: 350 € per metre.
Surface Total 779.84 € x 350 € = 272 944 €
Therefore the price without this work will be 2 321 536 €

The current annual income before tax is 150 000 € .
Therefore for an investment of ,2500,000 € the Net annual return would be 6%.

Situated in Villeneuve-Serre Chevalier 1400, 10 km from Briançon near the N91. North Hautes Alpes Briançonnais Station

Serre Chevalier is born of the alliance of three Commons: Chantemerle, Villeneuve Room and Mônetier les Bains. It is a ski area wide enough where we made in the forest. Her adjacent situation between the Alps of northern and southern him brings snow and sun. In valley, the scenery of Park of Ecrins are beautiful and appreciated by hikers. The reception of children is also a strong point of the station. The Ridence is located at the foot of tracks of The Aravet.

Tel: 00 33 951 73 36 55 | Email: info@wotnots.co.uk | Website: http://www.wotnots.co.uk