The building has a total area of 219 m2. The property is located in a central area near the Stanislas Private School, a 5-minute walk from the Palais des Festivals and Congresses, the Old Town, Forville Market, port, sea and beaches. Near the house is a public parking.
Living area - 188 m2, 5 apartments + 31 sq.m storage rooms.
1st floor (RDC): stockroom 31 m2, 2-room apartment 42 m2, another one room 26 m2;
2nd floor (R + 1): 3-room apartment 41 m2, 2-room apartment 33 m2;
3rd floor (R + 2): 2-room apartment 33 m2, 3-room apartment 41 m2.
There is permission to build another floor, so the usable area will increase by 50 m2.
The building is currently in long-term lease. The annual profitability is 42.900 euros, which is very small for this area of Cannes and profitability can be increased. Today's owners have set a very low rental rate. The agency offers its property management services in order to increase profitability up to 98.400 euros per year! This will be possible if you purchase this building without tenants and make repairs.