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06400 Cannes 1,614 SF Retail Condo Unit Offered at $1,196,788
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Description
For Sale - Leased Commercial Property, 150 m² - Cannes City Center Our firm offers you a rare investment opportunity in the heart of downtown Cannes, just 50 meters from the Croisette. These commercial premises, approximately 150 m² in size and in excellent condition, benefit from a premium location in the highly sought-after Banane district, an area with strong tourist and commercial appeal. The space, featuring a 9-meter linear frontage, is currently leased and operated as a bar/restaurant. The interior fittings are recent and well-maintained, offering maximum visibility and a constant pedestrian flow. Rental and Financial Data: Commercial lease signed on 07/01/2017Annual rent excluding taxes and charges: €66,112Annual charges: €4,680Taxes: property tax and TEOM shared between landlord and tenantSale price: €1,000,000 net to sellerAgency fees: 6% excluding taxes of the sale priceEstimated gross yield: 6.60% (excluding rights and fees) This asset represents a secure investment opportunity, with a tenant in place and stable profitability in a high-value area. Ideal for an investor seeking a quality investment on the French Riviera, combining strategic location, solid return, and rental longevity. Available immediately. Complete file and visit available upon request through our firm.
Property Facts
| Price | $1,196,788 | Property Type | Retail (Condo) |
| Unit Size | 1,614 SF | Sale Type | Owner User |
| No. Units | 1 |
| Price | $1,196,788 |
| Unit Size | 1,614 SF |
| No. Units | 1 |
| Property Type | Retail (Condo) |
| Sale Type | Owner User |
1 Unit Available
| Unit Size | 1,614 SF | Sale Type | Owner User |
| Price | $1,196,788 | Agency Fee | 6.00% of sale price |
| Price Per SF | $741.50 | Property Tax | $3.18 /SF/YR |
| Condo Use | Retail |
| Unit Size | 1,614 SF |
| Price | $1,196,788 |
| Price Per SF | $741.50 |
| Condo Use | Retail |
| Sale Type | Owner User |
| Agency Fee | 6.00% of sale price |
| Property Tax | $3.18 /SF/YR |
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Locopro Entreprises
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"06400 Cannes"
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