PROPERY LETTER 1ST DECEMBER 2004 – POSTSCRIPT.

Posted by admin in Property Letters | December 1st 2004

Dear All,

Apologies for this, but I think it’s worth troubling you with two small issues:

1. This is what I wrote about this apartment in my letter of a few days ago.
Voilier. One bedroom apartment.
Living space – 47 sq.m.
Balcony – 8 sq.m.
Asking Price – 428 000€
(Before I even start this is too expensive. However they really need the sale and I would recommend a low offer and see what happens. )

My partner phoned me from Cannes yesterday to say that the seller has reduced the price to 350 000€. And I still say offer 320 and see what happens.
This is a good investment.
Please go back to my letter of a few days ago for more details on it, and if you want more still, and perhaps some photos, please contact me.

2.
Basse Californie.
This is an apartment we have been trying to get confirmation on and I was not able to get it before sending the letter a few days ago. It has just now officially come onto the market.
One bedroom apartment
Living space 34 sq.m.
Balcony 10 sq.m.
Asking Price – 180 800€
We already have one apartment in this very modern and immaculate block with a concierge. It is just behind the Martinez hotel, and very close to the beach front and the main shopping streets, and also not more than 10 minutes walk from the Palais des Festivals (conference facilities). It overlooks a very and attractive quiet treed street and is ideally situated and suited for rentals.
It is on the 2nd floor of a 7 floor building, and comes with an underground garage (itself worth 20 000€) and a cellar.
The apartment is small but it has been cleverly designed to maximize space. The kitchen is open plan and the whole apartment is immaculate and is being sold fully and nicely furnished (even the cutlery and crockery remain!)
The balcony is wide and the sitting room and bedroom open onto it via electric shutters and big glass doors. The apartment is air conditioned too.
The furnishing is modern, but the building was constructed in the 1970’s and the bathroom reflects the period – pink tiles – which is not necessarily fashionable today, but it is very clean.
The apartment is perfect, and very good value today. If you wanted to spend money on it, it would be best spent on modernizing the bathroom, and then perhaps the kitchen. But I stress it is not necessary. It is a highly rentable unit as it is.
If you have been sitting on the fence and this is in your budget, Vicky and I strongly recommend it.
There is added value from the rental point of view when we have two apartments to offer in one block, and this would have that too.

With kindest regards from all the Watson-Smiths and our heartfelt best wishes for a wonderful Christmas. For many of our friends, especially in Zimbabwe, the last few years have been the hardest ever and we pray for an easier 2005 for all of you.

Guy and Vicky.

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