New build residence in the heart of Cannes on the French Riviera just a stone's throw away from the infamous Croisette. Discover Residence Madrid's beautiful townhouses, villas and apartments located in the residential neighbourhood ofNew build residence in the heart of Cannes on the French Riviera just a stone's throw away from the infamous Croisette. Discover Residence Madrid's beautiful townhouses, villas and apartments located in the residential neighbourhood of La Basse Californie, stationed just a short walk from Port Canto. Cannes' exceptional location, only 36 km from Nice, 55 km from Monaco and 60 km from the Italian border makes for an excellent Buy to Let venture as well as a fantastic addition to your portfolio as a holiday home investment. Thanks to Residence Madrid's exceptional environment, owners will benefit from a haven of tranquillity while at the same time being just a few minutes from the Croisette, the world-famous street, which runs along the shoreline of Cannes, full of upscale shopping opportunities. The residence boasts an elegant and refined architecture comprising spacious apartments enhanced by top-quality appointments. Facing due south, the apartments ensure that owners and tenants alike will take full advantage of the superb climate on the Cote d'Azur and the floral gardens that surround the site. Apartments offer, large terraces, central air-conditioning, fully fitted bathrooms, electric roller blinds and built-in closets. In addition, the residence offers complete security via videophone entry and safe car parks. Investing in the Provence Alpes Cote d'Azur region is one of the best ways to capitalize on property in the South of France. Residence Madrid is a new build project with an expected completion date set for the 2nd quarter of 2009. A new build means that investors will purchase now and pay later. Property owners will pay approximately 30% up front and the rest through stage payments that are in synch with the progression of the construction work. Investors will not be required to pay the total sale price in full until after completion of the project. Therefore, investors may purchase their investments now at 2007 prices and not have to pay the full amount until 2009. Madrid
France, Mediterranean Coast, Cannes

One Bedroom 55m2 to 55m2 - 468000 to 468000 euros,
Two Bedrooms 75m2 to 83m2 - 632000 to 680000 euros,
Three Bedrooms 102m2 to 102m2 - 800000 to 800000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.0%