Situated in the high class California district of Cannes, this recently renovated ground floor apartment is in great condition and only a 10 minute walk to the seaside, offering a bright living room, gleaming marble floors, fullSituated in the high class California district of Cannes, this recently renovated ground floor apartment is in great condition and only a 10 minute walk to the seaside, offering a bright living room, gleaming marble floors, full bathroom, clean kitchen, convenient central heating, 1 car garage, and 1 outdoor parking space, all in a quaint 2 level traditional building. Situated on a small hill, the California district is blessed with many beautiful green areas. The Mediterranean flora is in bloom all year long, featuring aloes, mimosas, pine and cork-oak trees, and the area actually owes its name, California, to this vegetation which evokes western America. The town's most beautiful houses and hotels were built here during the belle epoque. This is a high-class area. The villas are sumptuously luxurious, lavishly brimming with wealth and finery, although it's often difficult to catch a glimpse of them as they are usually hidden amongst extensive grounds. A little California dreaming nonetheless ? This buy to let residential investment offers a solid rental return up to 4% and is perfect for personal use or investment, presenting a fantastic bargain to buyers considering the excellent location and unbeatable financial advantages. The low annual property tax of 696? compliments this, and capital growth is strong, with figures of +10% reported in 2006. Furthermore, the owner has the possibility to purchase the 1 bedroom apartment which is located next door to create a large 5 room flat of 125 sqm. Key selling points and investment justifications Very low charges: around 60 Euros per month Located in a quiet street but close to the city centre Possiblity of seasonal lettings Excellent central location in a very desirable quarter of Cannes Large and bright apartment Recently renovated Isola Bella
France, Mediterranean Coast, Cannes

Two Bedrooms 80m2 to 80m2 - 355000 to 355000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.0%