Last chance to buy a new property in Crest-Voland Cohennoz
The last chance to buy one of the new homes being built in what is said to be one of the most beautiful mountain settings in Europe, just 90 minutes by road from Geneva Airport, is announced by MGM French Properties.
Already sold are all but five of the 11 apartments in the final phase of its development, Le Chalet des Oursons in Crest-Voland Cohennoz, a small Savoyard village tucked away in the Beaufortain Massif region of the French Alps.
Le Chalet des Oursons – a name inspired by its woodland location and which translates as the Chalet of the Bear Cubs – comprises a total of seven chalets occupying a quiet, sunny location on the edge of the forest. Together they contain 94 apartments with pine finishes and tiled and parquet floors. MGM has exceeded the regulation standards for acoustic and thermal insulation.
Externally, the scheme includes a communal pool – a unique feature in an Alpine development of this type – and, in keeping with MGM’s policy of using local natural materials wherever possible, the chalet buildings are clad in timber.
The remaining apartments are available for outright purchase at prices ranging from €220,000 for a large one-bedroom property with a floor area of 45 sq m to €260,000 for a two-bedroom home of 55 sq m.
“Cohennoz has big potential as prices in the Beaufortain Massif are much lower than those in other valleys and the scope for capital growth is considerable,” says Richard Deans of MGM’s London-based UK sales office.
“These properties will have a special appeal for investors because they could be let during the summer as well as the winter months. Typically the owner of a two-bedroom apartment in Cohennoz could expect to achieve a February peak week rental income of around €1,500.”
At this time of year hikers and mountain bikers enjoy the area and facilities to enjoy other sports as different as tennis and paragliding are among those available nearby. Fishing in the river running through the nearby Gorges de l’Arly and wet-suit ‘canyoning’ down its rapids also help to give Cohennoz year-round appeal.
The apartments are located only 300 metres from the ski lifts connecting the village with the 280 km of piste in the Espace Diamant ski area which includes Les Saisies, the 1992 Olympic resort for the cross-country ski event.
MGM expects the Espace Diamant – well-known in France but still undiscovered by many British skiers – to rival some of the larger ski areas in the French Alps before long.
The popular ski resort of Megeve is a 20 minute drive from Cohennoz.
For more information about the properties available from MGM at Le Chalet des Oursons and elsewhere in the French Alps, visit mgmfrenchproperties.com.
