Property for sale
Cannes, Alpes-Maritimes, Provence-Alpes-Cote d'Azur, France
£2,927,594 *
[€3,360,000]
Full Description
Located in the heart of Cannes' historic center, in the very sought-after Meynadier district of the Banana, this income-generating building of approximately 352 m² rises over four levels and has an exceptional location, just 50 meters from the Croisette and 100 meters from the Palais des Festivals as well as the beaches.
The building consists of 13 apartments, distributed as follows: 2 studios and 11 two-room apartments, several of which are duplex on the top floor. Some units have terraces, offering pleasant volumes and a certain charm.
The overall configuration is perfectly suited for short-term or annual furnished rental exploitation, in one of the most sought-after sectors of Cannes. The property currently presents strong profitability potential, with rental income estimated between €280,000 and €320,000 per year for short-term rentals (depending on optimization).
Fully air-conditioned and in excellent general condition, the building requires no renovation work. A co-ownership setup can also be considered with a view to resale by dividing.
An exceptional asset combining prime location, market scarcity, and high rental performance, in the heart of Cannes.
"Information on the risks to which this property is exposed is available on the Géorisques website: "
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