Basse Californie Apartment for Renovation

Features

Price: €1,050,000
Listing Type: For Sale
Property Type: Apartment
Bedrooms: 2
Bathrooms: 2
Floor area: 94m²

Photo Gallery and Property Description

26m² of terrace.
10m² loggia.
6th floor of 6.
Orientation east, south, west.
View unobstructed to the sea.
Construction 1975
Large living room and kitchen.
Needs complete renovation.
Very large garage

Position and view – in a very high quality building. That is what you are buying here, together with the opportunity to create something extraordinary for yourself, and according to your own tastes and wishes.

It is important to stress the quality of this apartment block which is very close to Cannes – a very easy walk – with lovely gardens and a swimming pool for residents, and a guardian of course.

The building is on a steep slope at the base of Basse Californie, one of the most sought after suburbs for its ease of access and proximity to Cannes, and yet it is just in the hills, a little closer to Cannes than its sister suburb La Californie. The top and 6th floor of this building is way above any other building in the area, aided by the fact that it is built high on the slope. It is a beautiful situation.

If this apartment is renovated to a high standard it falls well within the area and quality of residence which can earn very good rental returns from discerning top management attending the many conferences Cannes plays host to. In this regard I refer you to an article by Parmy Olson of Forbes Magazine called Live and Let High. In it she talks of the rental returns from top quality properties in Cannes that can provide the owners with a second home and immense pleasure while earning them significant income too.

I hesitated to put this property in the “Platinum” category only because there is much work to do (and enjoyment to be had) in renovating it to its full potential. Someone will do this, and it will be fabulous – “Double Platinum”. Of that there is no doubt because properties like this in Cannes are sought after.
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