Avoriaz - Electra

1. Location

Résidence des Crozats is ideally located in the Avoriaz ski resort, one of the most sought-after resorts in the French Alps. Nestled at 1 800 metres above sea level, it offers direct access to the ski slopes, allowing residents to leave and return on skis. The resort is reachable by shuttle buses from Thonon-les-Bains station and Geneva airport, making arrival easy for holidaymakers. Avoriaz is a car-free resort, which guarantees a calm and healthy environment, while remaining close to the resort's amenities and entertainment.

2. Manager

The residence is managed by Pierre & Vacances, a recognised leader in the management of holiday residences. With more than 55 years of experience, Pierre & Vacances offers professional, high-quality management. Their management model includes comprehensive services such as reception, maintenance and activities for residents. Pierre & Vacances' references in terms of customer satisfaction and management of tourist properties are excellent, ensuring optimal operation of the residence.

3. Commercial lease

The commercial leases offered by Pierre & Vacances for Résidence des Crozats are long-term, 9 years renewable. Here, the lease has just been renewed. These leases include an annual rent indexation clause, based on the IRL, which helps secure rental income. Operating costs are mainly borne by the manager, which reduces the cost for owners. Owners remain responsible for non-recoverable charges (approximately 300 € per year) or major works.

4. Yield

The profitability of Résidence des Crozats is attractive, with an average net yield of around 4%. Owners may benefit from the status of Non-Professional Furnished Landlord (LMNP), which offers significant tax advantages. This regime allows charges and depreciation to be deducted from rental income, thereby reducing the taxable base and optimising net returns.

5. Price per m²

The price per m² at Résidence des Crozats is competitive compared with other residences of similar standing in the Avoriaz area. It averages around 6 000 to 7 000 euros/m², depending on the size and specific location of the apartment within the residence. This price includes the furniture and equipment needed for letting.

6. History and outlook of the residence

La Résidence des Crozats was delivered in 2011, incorporating modern materials and environmentally considerate construction techniques. Since opening, several renovation and upgrade works have been carried out, including improvements to the communal areas and modernisation of the fittings. To date, the residence does not plan any major works in the short term, but regular maintenance is carried out to maintain a high standard of quality. The prospects for renewing the lease with Pierre & Holidays are very favourable, guaranteeing continuity of professional management.

7. Particularities

La Résidence des Crozats stands out for its harmonious integration into the mountain landscape of Avoriaz. As the resort is car-free, the residence enjoys a calm and safe setting, ideal for families. In addition, it offers a range of activities and services, such as children's clubs, wellness areas and evening entertainment, enriching the experience of residents. Its modern and eco-friendly architecture is also an asset, reflecting a commitment to sustainable development.

In conclusion : the Résidence des Crozats in Avoriaz represents a quality investment, with professional management provided by Pierre & Holiday letting with good returns thanks to the LMNP scheme, and a prime location in a renowned ski resort. The return and capital growth prospects for the property are very positive, making this residence a sound choice for investors and mountain enthusiasts alike.