House with 4 apartments in the heart of Le Suquet, high rental yield

€700,000

Transaction fees including VAT to be paid by the seller

4 Rooms
4 Bedrooms
4 Bathrooms
~70 m² Total surface
~70 m² Living area

Description

Townhouse in the heart of Suquet in Cannes, fully renovated, consisting of four independent apartments. On the ground floor, a commercial space transformed into a studio with a kitchenette and a shower room. Above, a studio per floor, each also with its separate shower room and a kitchenette in the main room. Each apartment has its own electric meter and water heater. A shared laundry room is available on the ground floor. The entire property has been completely rehabilitated while preserving the typical character of the neighborhood. Very good rental yield, estimated between 55,000 Euros and 80,000 Euros per year. Energy performance diagnosis: 104 – B Greenhouse Gas Emission: 3 - A Estimated annual energy costs for the property: 644-872 euros. Transaction fees including tax are the responsibility of the seller. Information on the risks to which this property is exposed is available on the Géorisques website: www.georisques.gouv.fr

Features

Built-in kitchenGuest toiletFurnished

Engel & Völkers Côte d'Azur MMC

+33 493 68 64 72

Your advisor: Jean-Jacques Bourbon

Property ID: W-03012C

Location: Suquet, Cannes

The luxury real estate market on the French Riviera is one of the most attractive in the Mediterranean region. Vacation homes and secondary residences on the Côte d'Azur offer not only an incomparable style and quality of life but also represent, given the international economic situation, a safe investment and a smart retirement project, especially at premium addresses. Cannes, the capital of cinema, city of stars and luxury… Cannes is known worldwide today thanks to its International Film Festival. The third largest city in the region by population, after Nice and Antibes, this city offers a wide variety of tourist and cultural activities. With its feet in the water, Cannes is also a renowned seaside resort where the sun is often present. The main shopping street in Cannes is undoubtedly Rue d'Antibes. Parallel to the Croisette, this street hosts all kinds of shops. The Croisette, an essential landmark, is the most famous and frequented place in Cannes.