Commercial building in Cannes

Cannes, France

Mixed use

€6.524.000

6 Nov 2019

#357

Property Details

#357

2,225 m²

Freehold

8

1

4.80 %

X

Fees

3.00 %

0.00 %

1.50 %

1.25 %

0.25 %

Investment Overview

Shops and offices as well as 118 underground parking spaces. Approx. 1,870 m2 occupied, 355 m2 vacant. A total of 2,225 m2 spread over 8 floors above ground over 2 underground floors. The condition of the premises is good. The total sum of rents received is equal to € 263,000 plus VAT and expenses. For the currently free surfaces the expected lease is € 50,000 plus VAT and expenses. The property is located on Boulevard Carnot, main access road to the city of Cannes highway. Selling price € 6.524.000 is calculated as follows: € 263,000 / 5% = € 5,250,000 € 50,000 / 8% = € 625,000 118 p.a. x € 5,500 = € 649,000

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Market data