PL35 – 1st December 2003.

Posted by admin in Property Letters | December 1st 2003

Dear All,

I am back in Cape Town after a rather more rushed trip to Cannes than usual.
I have seen some wonderfully interesting properties. Details and descriptions of them are below.

What I did do was manage to finalise all the fine details and contracts for the purchase by Vicky and I of one third of a really excellent and busy family-owned agency in Cannes, effective 1st January. We have dealt closely with them for a year and a half, trust them entirely and appreciate their work habits and ethics. Lao is already working out of their (soon to be our) office and we are seeing an increase in our volume of business. The family we have joined are French and well connected in the region, and the Agency is very smart with an impressive ‘shop front’, and is in a good position to pick up passing trade, and markedly increases our visibility and impact in the industry. I have absolutely no doubt that this move will result in an increase in our rental returns for all of our investors, and that is our primary aim.

Cannes will be relatively quiet over the winter season, and Vicky and I will enjoy some family time at home. We intend to return to Cannes in early February for a month, then home for the month leading up to Easter (and the Two Oceans Ultra Marathon) and settle in for a long spell in France again for the latter half of April, May and June.

With our best regards and kindest wishes to you all,

Guy.

Please note that all the prices are “asking prices” and offers may well be considered on some of the apartments. Some are keen sellers and with the quiet season approaching they may be amenable to reasonable offers.

If you respond expressing interest in any one or numerous of the apartments I have described, I can give you more detail, photos if you like, and financial analyses to help you put things in perspective – mortgages, monthly repayments, other costs, projected rental incomes, and capital appreciation estimates. You will be able to begin to build a far more complete picture than these short pen pictures can ever give.

La Porte des Isles.

One bedroom apartment in Palm Beach.
55 sq.m. living space which includes the 15 sq.m. glassed-in terrace.
Asking price is 183 800€

This building is on the beachfront on the Eastern side of the Palm Beach peninsula, looking across the Moure Rouge Beaches and Port at Juin les Pins and Cap d’Antibes on the other
side of the bay of Golf Juan. The building is well kept and has a ‘guardien’, and the apartment itself is on the ground floor, opening up to its own 36 sq.m. garden on the quiet side of the building – away from the sea and the coast road which runs between the building and the beach.
It has a spacious bedroom and sitting room and an open-plan kitchen. All are in need of a freshening coat of paint and some minor works. The shower room and loo are modern and nice and very clean. The floors are of travertine stone tiles (marble-like finish) and the glassed in terrace is an asset, creating another all weather living and eating area. The garden is West facing and sunny, and will need some work to turn it into a low maintenance but attractive area to relax in.
It has electric shutters, double glazing and heavy security door.
My favourite (summer only) beach restaurant serving the greatest ‘moulles frites’, which some of you will have visited with us is 100 meters away!
This is a great holiday position and no further for conferences than our existing apartments in Palm Beach.

Rule of thumb: If you want a real sea-view from your apartment, add 30% to the price!

Bivoac Napoleon.

One bedroom apartment right in the centre of Cannes.
50 sq.m. living space.
Asking price is 214 000€

This is a lovely old apartment on the Place Gal. de Gaulle which is across the road from the Palais des Festivals. So its position is fantastic.
It is on the 2nd floor of an old building without a lift, but the staircase is wide and easy so I do not see that as a problem.
It is a spacious apartment, renovated and full of character. The old floors are of the original hexagonal Provincale terracotta tiles, and this is the best example of them that I have seen anywhere. Beautifully maintained and polished.
Its big front windows overlook the Place, but there is no balcony or terrace, which is often the case with these older buildings.
The kitchen is open plan and designed to complement the unusualness of the whole apartment. The layout is interesting with a counter and storage space below it, accessible from both the kitchen and the sitting room. It is so attractively done.
The apartment traverses the building, so the bedroom, which is also spacious, has windows out the other side.

The position of this apartment puts it in a league apart. It is opposite the Palais des Festivals, and rentability should be extreme. Capital value likewise.

Villa Melita.

Large studio apartment just off the centre of Cannes. 2nd floor.
38 sq.m. with 15 sq.m. of balcony on two sides.
Asking price is 173 800€

This is a very big studio which has a completely separate and spacious kitchen and a big balcony off the main room looking west, and another off the kitchen looking north.
It is set in the loveliest gardens and although it is three minutes walk to the Rue d’Antibes, (off Marechal Juin and just a hundred meters up Ave du Parc St. Jean) and would rate as one of our apartments “in the centre”, it is without any noise at all. It overlooks gardens from both balconies.
The kitchen and bathroom are modern and lovely, and fully equipped with all mod.cons.
The main room is spacious with ample room for living and sleeping, and there is a parking space in the basement, and a cellar.
This apartment has a great feel and I don’t hesitate to recommend it. It’s lovely.

Super Croisette.

Large one bedroom apartment in this great building opposite the Martinez Hotel.
60 sq.m. with a small balcony.
Asking price is 205 000€

This is a good building in a very good position just off the Croisette.
This particular apartment overlooks Rue Rouaze from the front balcony and the courtyard from the bedroom window.
The sitting room has been subdivided so that a second bedroom is created which works well and still leaves plenty of space.
The whole apartment needs a going over and modernisation and we would need to get a quote for renovation if required. There is nothing wrong with the basics, it is clean and bright – just a little worn.
Bottom line – good apartment in the centre with good rentability. The price per sq.m. is very good in this day and age, and may well be improved further with a lower offer.

Golden Gate.

Large two bedroom apartment in a fine block.
70 sq.m. with 26 sq.m of balconies.
Asking price is 466 000€

This is a truly lovely apartment on the 6th floor of a six story building. Golden Gate is on Ave General Vautrin in the block behind the Martinez and very close to the centre. It is a lovely block of apartments built in 1993, with gardens and a swimming pool for the use of residents.
Both of the bedrooms and the kitchen open onto a huge north facing balcony with views over the attractive rooftops of Cannes to the hills behind. The bedrooms are big, light and clean.
One bedroom has a shower and toilet off it, and the other has a bathroom. Both are tiled to the ceiling in stone tiles and are lovely.
The living room is spacious and opens onto a big south west facing balcony, looking over the railway line way below, (not a huge problem in Cannes without much rail traffic) Beyond it is the Martinez, and the Rue d’Antibes, and then to the west, the hills disappearing towards St Tropez.
The kitchen is equipped and very nice. All the blinds of course are electric, and windows and doors double glazed, the pool is lovely and the whole apartment is newly painted – unfortunately in bright yellow! It’s going to have to be redone – I can’t imagine who chose the colour, but they should be sacked. The yellow is awful!
Has a garage and cellar.

Madrilene.

Three bedroom apartment.
103 sq.m. with 23 sq.m. of balcony.
Asking price is 625 000€
Lovely pool.

Super Croisette.

Large studio apartment.
36 sq.m. plus 5 sq.m. of balcony.
Asking price 199 000€.
(She won’t take less we are assured) I have detailed this one before, and it has since had a renovation and some extension of the main room into where a larger balcony was.
Opposite the Martinez with a (small) sea view.

Beatrice.

Two bedroom apartment.
63 sq.m. with 8 sq.m. of balcony.
Asking price is 731 000€
Absolutely beautiful apartment on the Croisette – 4th floor – fabulous panoramic and unimpeded view of the bay, the yacht basins, beaches, and the hills to St Tropez in the west. This one has the lot!

Residence Andrea.

A brand new building in the process of completion. (the apartments themselves are finished, and the exterior and gardens are still being worked on) in Palm Beach.
As it is a new building the government transfer taxes and notary’s fees (combined) are 3% instead of the usual 7%.

Two bedroom and two bathroom apartments – sea views. Fully equipped kitchens.
Asking price is350 000€ on 2nd floor and 365 000€ on 3rd floor.
65 sq.m. with 17 sq.m. of balcony.

Four bedrooms and four bathrooms on 4th floor. Fabulous sea views both east and west.
(This is actually two apartments combined into one)
127 sq.m. with huge balconies.
Asking price is 840 000€.

There may still be apartments for sale which I described in previous letters, as I am aware that I have not included any today in the lower budget category, simply because I did not see any. I can find out if any of the previous offerings are still available if you wish me to.

Leave a Comment