French Ski Apartments For Sale - Residences Le Ruitor - Sainte Foy, Savoie

French Ski Apartments For Sale - Residences Le Ruitor

Sainte Foy, Savoie, France

1 - 4 bed | 1 - 2.5 bath
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P-20016

Key details

  • Approx size: 30-75 sq m (323-807 sq ft)
  • Ownership: Freehold
  • No. units in building: 56
  • Property Style: Modern, Traditional
  • Building type: Apartment, Resort residence, Chalet apartment
  • No. floors in building: 5
  • Year built: 2009
  • Orientation: South facing

Features

  • Mountain views
  • Balcony
  • Lift
  • Covered parking
  • Stone floors
  • Ski boot room
  • Spa & wellness facilities
  • Games room
  • Golf
  • Underfloor heating
  • Skiing
  • Terrace
  • Fitted kitchen
  • Fitted bathroom
  • Wooden floors
  • Investment
  • Communal pool
  • Indoor swimming pool
  • Fully furnished
  • Hammam

Property overview

Le Ruitor is a wonderfully located development consisting of 53 4-star self-catered apartments, offering the most comfortable, modern, quality accommodation in Sainte Foy ski resort.

Constructed in the traditional Chalet style inspired by the local Alpine chalets, the building houses 53 one-four bedroom (sleeps up to 8) apartments and several common areas that provide residents not only with all the comfort one may expect from 4-star accommodation but with some of the best views over the valley and Mount Pourri.

The southerly aspect provides some of the best views in Sainte Foy, top quality finishes with above average size for the Tarentaise, the apartments of Le Ruitor are renowned for their high quality and comfort. Sumptuous decoration with terraces or balconies to take in the views, a fully equipped kitchen, comfortable bedrooms with satellite TV flat screens and wi-fi connection, spacious bathrooms with luxury cosmetic supplies and a private ski locker with boot dryers.

COMMON AREAS: Customers staying at Le Ruitor experience a feeling of comfort and well-being not only because of their top-quality apartment but also thanks to the coziness and atmosphere of the building common areas such as the reception and living room with sofas and chimney with a reading spot, the lounge bar, the heated swimming pool and spa area with sauna, hammam and treatment room, amongst others. Receptionists are at residents’ disposal to inform them and help them to ensure their stay in Sainte Foy is perfect and unforgettable. There is wi-fi internet connection in the whole building.

The buying package at Le Ruitor can be tailored to your requirements to provide income or usage or any blend in between to meet your expectations.  There is also an innovative nil income plan with a reduced buying price for those owners that are taxed on their world-wide income.  Ask about our discounted discovery packages that will be run throughout the ski season (subject to availability).

T2 Apartments-1 bedroom and living room / 4 people maximum

Approximate total surface 30m2.

Description:

  • A bedroom with double bed or twin beds
  • Living/dining room with a double sofa-bed.
  • Fully equipped kitchen (ceramic hob, combined oven and microwave, extractor hood, fridge, dish-washer, coffee-machine, kettle, toaster…).
  • Bathroom with bathtub and towel dryer.
  • Separate WC.
  • A balcony or a terrace.
  • Under-floor heating and individual radiators.
  • WiFi Internet connection in every apartment and communal areas.
  • Satellite TV in every room.
  • Beds made on arrival.
  • Personal ski locker with boot-dryer.
  • Access for people with reduced mobility.

 

T3 Apartments-2 bedrooms and living room / 6 people maximum

Approximate total surface 48m2.

Description:

  • A bedroom with double bed.
  • A bedroom with twin beds.
  • Living/dining room with a double sofa-bed.
  • Fully equipped kitchen (ceramic hob, combined oven and microwave, extractor hood, fridge, dish-washer, coffee-machine, kettle, toaster…).
  • Bathroom with bathtub and towel dryer.
  • Separate WC.
  • A balcony or a terrace.
  • Under-floor heating and individual radiators.
  • WiFi Internet connection in every apartment and communal areas.
  • Satellite TV in every room.
  • Beds made on arrival.
  • Personal ski locker with boot-dryer.
  • Access for people with reduced mobility.

 

T4 Apartments-3 bedrooms and living room / 8 people maximum

Approximate total surface 75m2.

Description:

  • A bedroom with double bed.
  • Two bedrooms with twin beds.
  • Living/dining room with a double sofa-bed.
  • Fully equipped kitchen (ceramic hob, combined oven and microwave, extractor hood, fridge, dish-washer, coffee-machine, kettle, toaster…).
  • Bathroom with bathtub and towel dryer.
  • Separate WC.
  • A balcony or a terrace.
  • Under-floor heating and individual radiators.
  • WiFi Internet connection in every apartment and communal areas.
  • Satellite TV in every room.
  • Beds made on arrival.
  • Personal ski locker with boot-dryer.
  • Access for people with reduced mobility.

 

Reception opening hours- from 8am to 12pm and from 2pm to 8pm. Saturdays open all day.

Services included:

  • Beds made on arrival (except sofa bed)
  • Bed linen, towels and two dishcloths
  • Cleaning kit provided
  • Cleaning service provided at the end of the stay (except kitchen)
  • Weather forecast at the reception desk
  • Daily newspapers available at reception
  • Wi-fi internet connection in the apartments and public areas
  • Access to the sauna and hammam
  • Access to the indoor heated swimming pool

 

Services available on request (subject to availability)

Iron and ironing board · Board games · Raclette and fondue appliances · International plug adapters · Cot (notice required) · High chair (notice required) · Mixer · Pressure cooker · Hair dryer.

A la carte services

Bakery service- customers may order fresh bread and pastries at the reception desk · Indoor car park · Laundry services · Full end-of-stay cleaning service · Extra linen packs (towels or sheets) · Extra cleaning kit · Loan of bathrobes.

Regional info

Regional info

The location of Sainte Foy presents the opportunity to visit several larger ski areas, should you wish to do so, and with a 6 day Sainte Foy ski pass you qualify for a preferential rate in Val d'Isere & Tignes (Espace Killy), Les Arcs and La Plagne (Paradiski), la Rosiere, La Thuile (Espace San Bernard). with combined pistes of around 1000km, all only 20 mins to 30 mins drive away.

The Local Ski Resorts distance:

Les Arcs and the Paradiski Domain (with La Plagne), via Villaroger: 7km

Tignes and the Espace Killey Domain (with Val d'Isere): 20km

La Rosiere and the Espace San Bernardo Domain (with La Thuile in Italy): 16km

Sainte Foy has quiet, well-groomed pistes as well as famous off-piste routes to the infamous 1700m vertical drop of the north face of Fogliettaz and the farming hamlet of Le Monal. Snowboarders are spoilt for choice with local and extensive off-piste areas, which lasts for ages on the north-west slopes. 

A new ski piste will be ready for the 2017-18 season. The Camp Filluel run will be graded as a Red piste and leads off to the left of the Marquise lift. It starts at 2425m and over its length of 1500m drops 375 vertical metres. It terminates at 2050m in an area of good snow cover. The slope is South West facing and catches the early sun. Also known as the 'shoulder', it rejoins the Grand Solliet piste.

The new piste offers additional skiing options for using the Marquise area.

Other improvements include 10-15 new snowmakers, which will be added to the Arpettaz, Chapelle, Savonnettes and Grand Solliet pistes to improve the conditions as necessary.

Additionally, new safety equipment will be added to the Arpettaz chairlift to prevent children, in particular, from sliding under the safety bar (anti - submarining).

SAINTE FOY SKI FACTS

Resort Altitude: 1550

Ski Area: 50kms

Altitude: 1550m - 2620m (highest lift)

Pistes or trails: 15

Vertical drop: 1075m

Lifts: 3 draglifts and 4 chairlifts

Snowmaking: Yes

Restaurants: 6

Bars: 3

Skiing and Boarding: Suitable for Beginners, Intermediate and Advanced skiers. Highly sought after for off-piste skiing & boarding.

 

GETTING THERE

By Plane:

By Plane - Flight time from Uk, approx 1 hr 10mins:

Lyon - 215 Kms, 2 hrs 20 mins to resort by car: A43/N90

Chambery - 115 Kms, 1 hr 15 mins to resort by car: A41/A43/N90

Grenoble - 144kms, 1 hr 30 mins to resort by car: A41/A43/N90

Geneva - 218 Kms, 2hrs 15 mins to resort by car: A40/A41/A43/N90

By Train:

To Bourg St Maurice - TGV. 30 minutes to resort from station.

 

 

Buyers guide

Purchasing sale and leaseback property, and how it works

  1. Reservation
    You can reserve a property by completing a reservation form and sending a 2%-10% security deposit to the notaries office. You will have 5 days from the moment you sign your reservation form to the notaire receiving your deposit.
  2. Reservation contract
    Once your deposit and reservation form are received, the developer’s Notaire will send you your reservation contract. This enters you into a more formal agreement to purchase the property.
  3. Financing & documentation
    Once you have signed your reservation contract, you will be in a postion to officially approach banks to secure any personal finance* required. Sphere Estates and the developer will help you to complete paperwork and prepare the final sales act (“acte de vente”).

*We work closely with several banks & brokers who will be able to guide you with financing any of our projects.

  1. Complete the purchase
    Once your finance is in place, you will be asked to sign the ‘acte de vente’ at the French Notaire’s office (or you can authorise the Notaire to sign in your absence), at which stage you become full owner of your property. At this point, you will be required to pay the balance of the agreed price
  1. Receive your property
    Once all stages have been achieved, you will be able to take possession of your property. You will conduct a formal receivership of the property and notify any snagging issues to be amended by the developer at this stage.

 The Leaseback Scheme

What is a leaseback?

The leaseback scheme was introduced by the French government in 1967 to encourage investment in tourist destinations throughout France in order to increase the supply of quality accommodation. A leaseback property transaction is the purchase of a freehold furnished property in a serviced residential building. Buyers own the freehold of the property, which is then leased back to a management company for a period of 20 years – this is usually split in to two terms and the minimum lease agreement is nine years. Buyers are entitled to a refund of the 20% VAT paid on the purchase price and owners are guaranteed a rental income and benefit from a set number of weeks of personal usage each year. Leaseback schemes are often referred to as résidences de tourisme classées, designed for those seeking a holiday home for a few weeks each year, and are located in popular areas such as ski and coastal resorts, where self-catering accommodation is in particularly high demand.

How does the leaseback scheme work?

Leaseback properties should not be confused with timeshare. The buyer owns the freehold of the property and the full price is shown in the title deed. The purchaser of a leaseback investment will be required to sign a commercial lease agreement with a management company at the time of the signature of the deed of purchase (acte de vente). A commercial lease is a contract giving a property owner the right to rent the property out through a management company over a minimum period of nine years. The management company has the right to renew the lease unless the owner informs the company at least six months before the term ends via recorded post or bailiff. The management company is entitled to compensation if the owner refuses to renew.

The owner is entitled to occupy the property for a set period each year. This is usually between two and six weeks, spread over high, medium and low seasons and should be clearly stipulated in the contract. Often you can negotiate the number of weeks of personal use you have but this will usually reduce the rental income you will receive.

The property will be furnished and these need to be included in the property description or contract. If any furniture needs to be replaced at the end of the lease this will be at the owner’s cost. The maintenance costs of the property can be specified in the contract but usually the management company is responsible for the maintenance costs and running charges, although sometimes owners have to pay a contribution. Major repairs remain the responsibility of the owner.

You can sell your leaseback property and, providing the new owner takes on the commercial contract and continues to use it as a leaseback you don’t have to pay any VAT. If they don’t continue the lease, then you will be liable for 1/20th of the VAT (claimed at purchase) due for every year still left on the contract.

What are the advantages of leaseback?

Buyers of leaseback are entitled to a refund on the 20% VAT due on a property purchase in France. However, all property owners in France are required to pay taxe foncière so this is still payable by the buyer. The owner gets a rental income from their property, this is usually 2-5% of the property’s value, adjusted annually for inflation according to rental indexes published by INSEE (National Institute of Statistics).

The property is managed by a management company which takes care of the rental and general maintenance of the property, so the owner doesn’t need to worry about it.

What are the disadvantages of leaseback?

The main drawback of a leaseback is that the owner only has restricted access to their property. The contract with the management company will stipulate how much use the owner gets but it is usually 2-6 weeks which are split over high, medium and low season. They have to be arranged in advance so, most of the time, you can’t just suddenly decide to stay in your property for the weekend. In some cases there is the option to negotiate the number of weeks of personal use you get but this will decrease your rental income.

The property must remain a leaseback for at least 20 years otherwise it is no longer exempt from VAT and the owner will have to pay the government 1/20th of the VAT that was due at the time of purchase for every year still left of the 20. So if you decide to sell your property you must make sure the new owners are buying it as a leaseback otherwise you will be liable for the VAT rebate.

Often the property is sold furnished and the decoration and furniture is usually the same as the other properties in the residence.

WOULD YOU LIKE TO VISIT THIS PROPERTY?

We specialise in arranging bespoke inspection trips to all our properties, tailor-made to suit your specific travel requirements. Contact us to speak to a dedicated travel manager.

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