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1 590 000 €
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1 590 000 €
| Profitability | |
|---|---|
| Annual return | 7.5 % |
|
Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Business expenses | |
|---|---|
| Not included in the price |
Cannes / investment property, very close to shops, transport, schools and beaches. A rare asset ideal for long-term ownership: the building comprises17 studios distributed on 4 independent floors, with a total area of approximately 275 sq. m. m. The first and second floors are fully leased under residential lease agreements, providing a stable rental income of 49,800 euros per year.
There are 8 available studios on the third and fourth floors, allowing for a simple and legally sound rental strategy based on furnished student apartments or eight month medium term rentals, complemented by structured seasonal or medium term rentals during the summer months. The total annual rental income in this case will be 120,000 euros.
EUR 1,590,000 + transaction costs
