CANNES2 950 000 €
Property for sale palais - - 250 m²
Entire income-producing building — Cannes city centre, steps from La Croisette
Rare opportunity to acquire a freehold income-producing building in full ownership, right in the heart of Cannes, just steps from La Croisette and the Palais des Festivals. The building, of pre-1949 character, comprises a ground floor (restaurant) plus four upper floors (currently a short-term rental apartment building), totaling approximately 250 sqm of overall usable area, including 160 sqm of living space split across four independent units. Ground floor + cellar: commercial premises operated as a restaurant, under a 9-year commercial lease (May 2021 to May 2030). 1st floor (~36 sqm): two bedrooms (8.4 and 7.4 sqm), kitchen/entrance (5.8 sqm), two bathrooms (2.3 and 3.0 sqm). 2nd floor (~37 sqm): two bedrooms (9.2 and 8.5 sqm), kitchen/entrance (5.5 sqm), two bathrooms (2.3 and 3.0 sqm). 3rd floor (~36 sqm): two bedrooms (8.5 and 6.4 sqm), kitchen/entrance (5.8 sqm), two bathrooms (3.0 and 2.3 sqm). 4th floor (~36 sqm): living room with kitchen (16.9 sqm), bedroom (8.5 sqm), bathroom (3.3 sqm). Floors 1 through 4 are vacant and free of any occupancy upon sale. Estimated total gross income: €178,000/year (commercial rent plus short-term rental income, 2023-2025 average). Gross yield: approximately 6%. Full freehold ownership, no co-ownership structure, no management fees. Energy performance rating (DPE): E/B Information on the risks to which this property is exposed is available on the Géorisques website: www.georisques.gouv.fr Agency fees payable by the seller.
Ref. : 86902075













