Posted on 28 January 2012
Club Med recently announced the launch of its first luxury apartment and chalets development in Valmorel in France. Valmorel is a ski resort that has access to 150 km of slopes during the winter, which are suitable for all ages and levels. It also benefits from being a year-round Alpine resort, featuring swimming facilities as well as opportunities for fishing, hiking, cycling and golf.
Investors in the resort can choose to buy their property freehold, or they can opt for the leaseback scheme which is managed by Club Med. Under this scheme the owner will still get three weeks dedicated use annually, and rental yield is predicted to be 3.6% based on 60% occupancy. The leaseback option with Club Med management will likely also open up the potential for SIPP investments.
The newly opened Club Med village at the resort has a number of amenities including swimming pools, a spa and restaurants and bars. The first phase of the project has already been completed, and the 27 chalet apartments come fully furnished with a choice of interior decoration.
The design is in keeping with the local area and has been built in the traditional Savoyard style, and the conditions of planning permission included a new road being built to the development, as well as a new ski lift being constructed within the village to cope with the extra demand.
Valmorel is a purpose-built ski and summer resort which was originally constructed in 1976 to help regenerate the area. All the buildings are built in the style of an old Savoyard village with traditional slate roofs. The main street has been pedestrianised so it’s ideal for families. Property prices are quite reasonable, especially outside the main village, but the new Club Med resort is likely to increase its popularity.