Hi all
I am new to the sale and leaseback idea and was wondering if anyone has heard of the new development at Le Salt Lake in Les Arcs. It is managed by Soderev who are part of Lagrange. The offer you 3% return with 6 weeks usage (2 weeks in each of low/mid and high seasons) or 4% return with no usage (although you would get 20% discount on any bookings with them). The local agent in Ireland is Hamilton Osborne King who I am dealing with.
Yes, this is the development. I am looking at a two bed duplex with box room/alcove that could potentially take another bed. With a pull out sofa bed in the living area, it has the potential to sleep 7 (albeit very tightly) - but 6 is very possible.
A 4% return for no usage is on the low side. You also need to consider the capacity for capital appreciation (it is after all, the figure on which your 4% will continue to be based). You also need to consider the track record ofthe management company (who would pay your 4% if the management company went belly-up?)
Consider also whether HOK's range is limited by comparson with what's available generally.
By your own admission, you are at an early stage of research into leasebacks so you would be well advised to consider advice from a number of sources and agents.
Thanks for the replies. Looknig at this discussion board it looks like there are better deals to be had so I should continue looking. The cost of flights to Geneva was a worry to me too. Where are Ryanair when you want them !!!
Anyone know of other ski resorts with good leaseback rates.