Description
The San Margot building is located 350m from the Gare des Bosquet, which connects to the center of Cannes in 2 minutes. It is less than 600 meters from the seafront, less than 800 meters from the city center, and in the immediate vicinity of shopping malls, several centers of higher education and a sports and water sports complex: this location makes it ideal for rental investment.
The San Margot building is currently being refurbished. The 320 m² living space (373 m² floor area) will be divided into 10 new apartments from T1 to T3 for delivery in Q1 2024.
The exterior of the building will be renovated: facades, roofs, joinery and moldings will be refurbished to preserve the building's bourgeois charm.
The apartments will be fitted with new plumbing, electricity, double-glazed windows, heat insulation and soundproofing, in compliance with French standards. Features such as fully-equipped kitchens and tiled bathrooms of all heights add a certain level of comfort to the program.
The project's 10 apartments include three garden apartments with south-facing exteriors of between 60 and 80m2, a duplex with roof terrace, and other apartments, some with exteriors. Private and shared outdoor spaces, 5 parking spaces and 6 cellars are also planned.
The city of Cannes is well-suited to a number of rental markets, including student, seasonal, convention and tourist. For this program, gross profitability ranges from 5.6% (students/tourists) to 10.3% (average full Airbnb yield).
Lot 1: Ground floor - 2 rooms - 34 m2 - 13 m2 terrace - €305,000
Lot 2: Ground floor - 2 rooms - 31 m2 - 84 m2 garden - €295,000
Lot 3: Ground floor - 2 rooms - 29 m2 - 60 m2 garden - €280,000
Lot 4: Ground floor - 2 rooms - 40 m2 - 70 m2 garden - €350,000
Lot 101 : Duplex - 3 rooms - 65 m2 - 20 m2 roof terrace - €480,000
Lot 102: 1st - Studio - 20 m2 - 10 m2 terrace - €195,000
Lot 103: 1st - Studio - 27 m2 - 3 m2 balcony - €220,000
Lot 104: 1st - 2 rooms - 34 m2 - 3 m2 balcony - €265,000
Lot 201: 2nd - 2 rooms - 54 m2 - €345,000
Lot 202: 2nd - 2 rooms - 33 m2 - € 205,000
