Description
Exclusive listing: Located in the sought-after "Les Bréguières" district of Cagnes-sur-Mer, this 184 sq m (2,012 sq ft) apartment building presents a rare opportunity for any real estate investor seeking an attractive rental yield of approximately 6%! Situated on a 1,186 sq m (12,014 sq ft) plot, it also includes a two-room annex, with the possibility of constructing a second building of the same size and adding a swimming pool. The building is sunny and enjoys absolute tranquility, with no overlooking neighbors. Its exterior is perfect for summer, and its interior was completely renovated in 2022. It comprises three levels: Basement: cellars suitable for conversion; Ground floor: 1 office and 2 one-bedroom apartments; First floor: 2 studios and 1 one-bedroom apartment; Annex: 1 one-bedroom apartment with a garden. Some units have a terrace or balcony. All apartments are furnished and fully renovated. Monthly rental income: €6,131.32 Annual rental income: €73,575.84 Gross yield: over 6% Rent guarantee insurance (GLI) on all units. Strategic Location - Sought-after neighborhood: Les Bréguières, a quiet and residential area - Close to: Public transport, shops, schools, and the beaches of Cagnes-sur-Mer - High rental demand: Ideal location for long-term rentals, furnished rentals, or even seasonal rentals. This building offers a unique living environment in a desirable area, guaranteeing the long-term appreciation of your investment. Additional Information - The building plot allows for future development of your real estate project - Possibility of converting the basement cellars and further increasing the property's value. With this property, you benefit from an immediate return on investment while retaining the option to expand your portfolio by constructing a second building or adding a swimming pool. This property benefits from a prime location in Cagnes-sur-Mer, close to all essential amenities: public transport, shops, schools, and of course, the sea. This strategic location, combined with high rental demand, makes it a sound investment in the region's real estate market. Sale price: €990,000 (agency fees included), payable by the seller. Information on the risks to which this property is exposed is available on the Géorisques website: georisques.gouv.fr
