This 3rd floor flat boasts a beautiful view on the old town while being close to all amenities, offering a comfortable living room, renovated bathroom, brand new American style kitchen, charming terrace with southern exposure,This 3rd floor flat boasts a beautiful view on the old town while being close to all amenities, offering a comfortable living room, renovated bathroom, brand new American style kitchen, charming terrace with southern exposure, convenient storage cellar, private parking space inside the residence, and 24 hour concierge security. A visit to Cannes is not complete without a stroll along La Croisette, the splendid promenade that stretches along the whole length of Cannes' coastline. The atmosphere of this fabulous walkway changes with the passing of each hour. One minute you'll be surrounded by crowds of tourists, the next you'll meet a local walking their dog, while at other times you'll pass wealthy, elegantly-dressed residents, or even eccentrics and posers making sure they grab the attention of every passer-by ? but before ten in the morning, when the town is still quiet, the atmosphere will take you right back to the belle epoque. Beneath the promenade, many sandy beaches stretch out to sea. The town side of La Croisette is largely devoted to illustrious fashion boutiques where the big names in haute couture and jewellery (such as Christian Lacroix, Herm? Chanel, etc.) rub shoulders with the countless sun-drenched cafe terraces. Also in this area is the Musee de la Malmaison, a former lavish casino and now a museum showing temporary exhibitions of modern art, looking out over the sea. This is also the site of Cannes' most prestigious and palatial hotels, including the famous: Hotel Carlton and Hotel Martinez, which is home to most of the film stars during the International Film Festival. During the festival, fans of the silver screen can see the stars and directors making their mark on the famous steps of the Palais des Festivals at the end of La Croisette. A buy to let residential investment with solid annual rental return up to 5%, this flat is perfect for personal use or investment. The co-ownership charges are 140 euros per month and land tax is 700 euros per year. Heating and hot water are collective, keeping costs low. Furthermore, the capital growth in 2006 in this area was a healthy + 11% and the area is expected to continue this trend. Due to the proximity of the "Palais des festivals" and the main beach of cannes, there is a huge potential on the seasonal letting market. Key selling points and investment justifications: High capital appreciation:+11% in 2006 Excellent location - 10 minutes walk from La Croisette and 20 minutes drive from Nice Airport Close to all amenities Very well priced for the location Large terrace with amazing view on the old town Avenue de Grasse
France, Mediterranean Coast, Cannes

Two Bedrooms 60m2 to 60m2 - 266000 to 266000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 4.0%