BUYING

Nice centre

Updated February 25 - 2009

A studio flat ref Nice 115  SOLE AGENT

A studio flat in a period building with terrace. Fantastic location closeby Promenade des Anglais, beaches, the prestigious Negresco Palace Hotel, and pedestrian streets. Only 2 minutes walk to the seaside!

Access to the entrance building by Promenade des Anglais, through a commercial gallery, which will be soon renovated

Boasting an exceptional year round climate, the city of Nice is the regional capital of the Cote d'Azur on the Mediterranean coast of southern France.

Composition:

• Entrance
• 1 main room
• 1equipped semi open-plan kitchen
• 1 shower room with washing machine with toilet
• built-in storage cupboard

specifications:

• period buidling
• West facing courtyard
• quiet and sunny
• intercom
• excellent condition
• equipped kitchenette
• Sold furnished or unfurnished
• parking spaces available (Euro 70,000 for large box)

• service charges: Euro 72 per month
• taxe fonciere: Euro 400 per annum

Situation:

  <<on Google Maps

• Promenade des Anglais
• closeby Negresco Palace
• Close to all-amenities (shops, restaurants, cinemas, town centre, direct bus from airport, 10 minutes walking from train station)
• 1 minute from the beach
• 5 minutes from the international train station
• Bus stop to international airport
• 20 minutes to Nice international airport

Profitability breakdown:

 school year, rent to student 9 months x 450 Euro per month = 4,850

+

holiday letting during peak season: 450 per week x 4 = 1,800

during medium season: 250 pw x 8 = 2,000

TOTAL income = Euro 8,650 per annum

gross yield = 7.52% !

guarantee=location and price range

more touristic information

habitable space: 22 sq.mt / 237 sq.ft + terrace

Asking Price :

115 000 Euro

+ estimate of notaire's fees: 9600€

to convert this price in another currency, click here .

Request a viewing or for enquiries:

or call on +44 (0)7726 899 626 ref Nice 115

or email to : forsale@papaty.co.uk