apartment for sale Cannes La Bocca, Alpes-Maritimes

€ 350.000

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The San Margot building is located 350m from the Gare des Bosquet, which connects to the center of Cannes in 2 minutes. It is less than 600 meters from the seafront, less than 800 meters from the city center, and in the immediate vicinity of shopping malls, several centers of higher education and a sports and water sports complex: this location makes it ideal for rental investment.

The garden-level flat has a large garden of 70 m2, and comprises a living room opening onto a veranda, a bedroom and a bathroom.

The San Margot building is currently being refurbished. The 320 m² living space (373 m² floor area) will be divided into 10 new apartments from T1 to T3 for delivery in Q1 2024.

The exterior of the building will be renovated: facades, roofs, joinery and moldings will be refurbished to preserve the building's bourgeois charm.

The apartments will be fitted with new plumbing, electricity, double-glazed windows, heat insulation and soundproofing, in compliance with French standards. Features such as fully-equipped kitchens and tiled bathrooms of all heights add a certain level of comfort to the program.

The project's 10 apartments include three garden apartments with south-facing exteriors of between 60 and 80m2, a duplex with roof terrace, and other apartments, some with exteriors. Private and shared outdoor spaces, 5 parking spaces and 6 cellars are also planned.

The city of Cannes is well-suited to a number of rental markets, including student, seasonal, convention and tourist. For this program, gross profitability ranges from 5.6% (students/tourists) to 10.3% (average full Airbnb yield).

Lot 1: Ground floor - 2 rooms - 34 m2 - 13 m2 terrace - €305,000

Lot 2: Ground floor - 2 rooms - 31 m2 - 84 m2 garden - €295,000

Lot 3: Ground floor - 2 rooms - 29 m2 - 60 m2 garden - €280,000

Lot 4: Ground floor - 2 rooms - 40 m2 - 70 m2 garden - €350,000

Lot 101 : Duplex - 3 rooms - 65 m2 - 20 m2 roof terrace - €480,000

Lot 102: 1st - Studio - 20 m2 - 10 m2 terrace - €195,000

Lot 103: 1st - Studio - 27 m2 - 3 m2 balcony - €220,000

Lot 104: 1st - 2 rooms - 34 m2 - 3 m2 balcony - €265,000

Lot 201: 2nd - 2 rooms - 54 m2 - €345,000

Lot 202: 2nd - 2 rooms - 33 m2 - € 205,000

property description

Franimo nr:	#6777908
reference:	ARL-906-ACLB4
region:	Alpes-Maritimes
close to:	Cannes La Bocca
property type:	apartment
rooms:	2
bedrooms:	1
surface:	39 m2
plot surface:	- m2
price:	€ 350.000

energy consumption

≤ 50A	XXX
51 - 90B
91 - 150C
150 - 230D
231 - 330E
331 - 450F
451 - 590G

gas emissions

≤ 5A	XXX
6 - 10B
11 - 20C
21 - 35D
36 - 55E
56 - 80F
> 80G

seller

AAA Riviera

real estate agent:	AAA Riviera
name:	Markus Lyshaug
address:	Village d'Entreprises Green Side, Avenue Roumanille 400 06906 Sophia-Antipolis - Biot France
speaks:	English, French
rating:	★ ★ ★ ★ ☆

more information about real estate agency AAA Riviera

estimated costs of this property Cannes La Bocca (Alpes-Maritimes)

This is just an example or indication, no rights can be derived from this information.To get the actual costs of this French property please fill out the form above.
Notary fees and taxes At current selling price/ paid only once.	€ 25.574
Property tax Estimated	Estimated between € 700 and € 2.450
Housing tax Estimated	Estimated between € 700 and € 1.750
Insurance	From 165 euro a year
Energy, depends on your consumption. A subscription for 3KW at the EDF is about 70 € a year, in addition you pay the costs of use.
Water, depends on your consumption and can differ per municipality (ask at the municipality).
Sewerage, depends on your water consumption and can differ per municipality (ask at the municipality). If there is no sewerage system available, check whether the current septic tank is up to standard. If not, it has to be replaced. For the placement of a new septic tank, count around 7,000 and 11,000 euros. More information about the septic tank can be found here (in French).
Heating, depends on your consumption and method of heating (wood, oil, electric, etc.).