Ref:IC261a - 4 self-contained studios and 1 bedroom apartments in a high quality “Résidence” just 10 minutes walk from the centre of the town of Villard-de-Lans in the Vercors region of the French Alps. The building was originally constructed in 1935 as a children’s convalescent home and was converted into furnished apartments in 1991. At that time a management company was set up to oversee a holiday rental business. The parent company has now decided to sell 25 of the 35 apartments while retaining the management company to continue renting the remaining 10 and to offer a full rental service to new owners. The town of Villard de Lans is just 30kms South of the city of Grenoble and is surrounded by excellent skiing in the “Montagnes de Lans” This has 130kms of alpine ski runs between 2170 and 1050mts in altitude. These are made up of 8 black runs, 6 red, 8 blue and 4 green. There is also a very extensive cross-country skiing domaine extending to 160 kms of pistes. A free shuttle bus to the ski lifts passes within 200 metres of the Résidence. Villard de Lans is also a well-frequented summer resort with a wealth of activities and facilities to be enjoyed, including an 18 hole golf course. The “Résidence” is set in its own extensive grounds and includes a variety of shared facilities which include an indoor heated swimming pool, a spa, sauna, steam room and pool room. The Résidence is built on high ground overlooking the town and most apartments have south-west facing gardens or balconies. There is ample private parking and the grounds include an area of woodland and a small children’s play area. Access to the apartments is through a reception area which is staffed seven days a week. From here you go into a vast marble floored central lobby area, open to second floor level with large open fireplace and a panoramic lift. The accommodation consists of a living area with sofa bed, table and chairs, a fitted kitchenette with fridge, oven, twin burner electric hob and washing-up machine and a bathroom and separate w/c. All prices include furniture and fittings including sofa beds in the living room, crockery, colour TV and telephone and intercom. A ski store at ground level and a reserved parking space are also included with each unit. There is an annual service charge which covers cleaning and maintenance of all the communal areas. There is also and optional rental service to let out the apartments for periods when owners do not wish to use them The management company charges 25% of the gross rental for this service which includes publicity, bookings, welcome service, cleaning, laundry and maintenance. This service makes the properties very interesting investment opportunities by taking all of the complications of renting away from the owners. The annual service charge varies according to the size of the apartment. It starts at 779€ for the smallest studio, rising to around 1060€ for a typical one bedroom flat. The service charge includes all water charges for the flats and pool, electricity in the communal areas, lift maintenance, heating for the common areas and pool, insurance, snow clearance for the driveway and parking area, gardening and general cleaning of the communal areas.