Cannes Property Letter 90

Posted by admin in Property Letters | October 21st 2010

Cannes Oxford. Coteaux.  (See property below)

PL 90: PROPERTY LETTER October 2010.

Dear All,

I almost never get asked questions like “how’s the weather?”or “is there much to do and see?” or “are the people friendly?” or “was it a good film festival this year?”

Without doubt the most commonly asked question (by you) is “how’s the market?” I also get asked about bank lending policy, interest rates, rental returns, the recession; so those are the questions I tend to try to answer at the expense of adding much local colour to these letters, but anyone who has visited the French Riviera knows there’s plenty of local colour to be seen, heard, felt and tasted!

Just last night Vicky and I went to our favourite “Resto des Arts”, a quaint little restaurant in the mediaeval hilltop town of Mougins just 25 minutes from Cannes with some American friends, regular visitors and early morning running partners who come from L.A. twice a year for the MIPTV conference in April, and MIPCOM in October. She is with Fox Films and has been to Cannes on conferences 45 times over 20 years, an amazing record! The owner of the Resto is a great character, the atmosphere and service so pleasant, and the French cooking is superb but affordable. It’s quite beautiful up there and it was an experience and an evening to remember, but that is what this part of the world is all about – quality of life scores 100%.

FR2DAY.

http://www.fr2day.com

For those planning to visit the French Riviera, or if you just want more local colour than I can give you I strongly recommend you have a
look at the FR2DAY website. Bookmark it or add it to your favourites. It has a really informative “Food” section for those looking for quality, quaint or off the beaten track eating experiences. It covers “Showbiz”, “Business”, “Shopping”, “Travel”, the “Conferences” and many other topics

Extracts from FR2DAY’s blog on 8th October:

French Riviera Property market on the rebound: Estate agents in the Alpes Maritimes have announced a record jump in property transactions, up by 33% in July, August, and September 2010.  Agents say prices are starting to creep up but only by a percentage point or so.  At the same time mortgage interest rates remain very low, and this is bringing buyers back to the market.  At the moment the growth is in the principal residence market – second homes are still flat.  The main thing to really get the market going again would be for the people that took their property off the market during the recession to bring it back on, because there is a shortage of available homes on offer….

Sundance Kid Robert Redford slept under a pier in front of the Carlton: In 1957 when he was studying painting in Paris, Robert Redford went on a hitchhiking tour. One night he was dropped off by a lorry in Cannes and ended up trying to sleep under the pier in front of the Carlton. “I’ve been back staying in there since”, he smiles. This week he’s been in Cannes spearheading the global launch of his TV channel, Sundance….

Les Terraillers” in Biot – a real treat of a restaurant! I just love it when I find my new favourite restaurant. It happened when I was lucky enough to join a group of ladies for lunch a few weeks ago. We’d picked a perfectly sunny day so the outside terrace was a must with its beautiful pots of flowers and glass objets d’art…..

MIPCOM 2010 – Celebs, international deals, and Facebook. Facebook was the inescapable word at this year’s MIPCOM, as pretty much all the speakers tried to get to grips with the phenomenon. For example, Facebook Vice President EMEA Joanna Shields told us how Facebook now has more
than 500 million users around the world – if Facebook were a country, it would be third in the world behind China and India in terms of population! And 30% of TV audiences are logged into Facebook while watching their favorite shows. So there are plenty of opportunities for interacting with the audience…..

During the show lots of deals were stuck, including Japan broadcaster NHK announced a deal to sell shows to France Televisions; Discovery Channel
sold 200 hours to various European outlets; Disney made a deal for movies and series with Orbit in the Middle East; and the BBC’s sold 800 hours of
programming to Eastern European clients. Overall this was a huge success for the 12,400 participants, as the industry pulls out of recession.

The Market.

We get a great deal of information from the central registry of Notaries, from FNAIM the industry regulatory body of which we are members, from real estate conglomerates, and from the government.

There are two main factors that interest me and one is turnover or how much is selling, and the other is the price at which it’s selling.

What interests my questioners of course is the price. When is the right time to buy? It is logical that price shadows turnover – as sales dry up
prices contract, and when things start to move again prices react by rising.

In my previous “Property Letter” (in July) I showed the price trend as published by the Chamber of Notaries for this region, the Alpes
Maritimes (which includes the Cote d’Azur). But I have also been back into our owns sales history and totalled sales for each year since 2006 and the two
together show very graphically exactly what effect the recession had on turnover and prices. (Some in the industry have gone out of business as a result of 2008 and 2009.)

The figures are frightening!

Sales Index – These figures show turnover for the period:

Our own figures.

(2006 = 100)
2006 2007 2008 2009 2010
100 59 12 32 55
(9 months)
Price Index –For resale apartments
in the Alpes Maritimes:
From the Chamber of Notaries.
2005 2006 2007 2008 2009 2010
+17.2% +12.9% +9.6% +4.1% -5.6% ?

Price follows the volume of sales but lags by a year. Sales were almost non-existent in 2008, but that didn’t reflect in serious price reductions until 2009. The laws of supply and demand are alive and well, the market is moving again, and prices are on their way up as we can see on the ground. However it is slow and it is hesitant.

By this logic I predict:

2010 2011
Sales 70 (12 Months) 100
Price +4% +6%

Why do I think prices will rise 4% this year? I have the July 2010 newsletter from the Chamber of Notaries in front of me and the annualised increase in prices for our region during the first quarter of 2010 is 3.1%. Furthermore they state that the volume of sales in resale residential property shows signs of returning to the +800 000 units achieved annually in 2000 – 2007. After what they describe as “chute vertigineuse” (vertiginous falls) in volumes after September 2008, they expect 700 000 resale properties to change hands in 2010, just 100 000 short of pre-2008 levels.

“Century 21” is probably France’s biggest real estate chain, and I heard recently that they are the biggest sellers of residential property in the world! Their July newsletter claims, from their own sales, an increase of 8.48% in the price of resale residential property in France overall if one compares the first quarter of 2009 with the first quarter of 2010, so according to them I’m on the conservative side!

Les prix de l’immobilier ont retrouvŽ leur niveau d’avant la crise. +8,48% en un an : les prix des logements anciens en France ont fortement progressŽ entre les premiers semestres de 2009 et 2010, selon Century 21. Une hausse qui approche le record d’avant la crise de 2008, selon l’un des principaux rŽseaux des agences immobilieres.

It is still a buyers market however. Very recently we have seen a couple of excellent buys – for example: an apartment which seemed properly priced for what it was at 630 000 Euros elicited a very “cheeky” offer of 550 000 Euros. I thought it was too cheeky, but after a very short negotiation we were able to secure it for our buyer for 555 000 Euros! That doesn’t mean we can expect to get 12% off the asking price of every apartment but it is an indicator that some sellers would still rather have a sale if it’s offered to them than wait and wait! Times remain tough, and some sellers are still over-stretched.

Property as an Investment:

Not everyone buying property in the South of France is doing so purely as an investment, but by the same token nearly everyone wants their property to be a good investment whatever the underlying reason for owning it.

We are unlikely to see the back of this recession for a few years yet. We are personally invested in property and shares, and at the risk of annoying those
readers who are heavily or professionally involved in the shares market my experience is that property has held its value considerably better than shares have.  This may be because bricks and mortar are more tangible than shares, or because our property is in a prime area very much in demand, or because companies can stop paying dividends while property will generally continue to achieve some sort of rental return, albeit on a reduced basis.

This from a recent article I read on the South African based Moneyweb site:

Generally, however, property does attract the investor anxious to avoid any significant risk and possibly lacking the resources to go it alone without gearing.  By contrast, shares can be right for the person who studies the Securities Exchange daily and is really well informed on the likely future performance of every share he buys.  This can be a very time-consuming operation and therefore again not suited to the amateur or inexperienced investor who is probably best advised to stick to property.

My feeling entirely after what has happened in the last few years.

Finance:

Interest rates remain very attractive, and so do the terms:

Capital Repayment loans up to 20 years:

Today’s Rate 2.2%.

Spread 1.3%.

Characteristics:

  • Variable rate scheme indexed to the 3 month Euribor.
  • The monthly repayments are fixed for 12 months and revised annually at the anniversary date of the mortgage.
  • Should rates of interest rise, the monthly repayment will not increase more than the inflation rate, meaning constant repayments in relation to inflation throughout the term of the loan.
  • The
    term of the loan will increase or decrease according to fluctuations in
    the rate of interest (maximum of 5 years increase, and no minimum.)
  • You have the flexibility to increase or decrease your repayments annually without any early redemption penalties.
  • You have the flexibility to reimburse either partially (by at least 10% of the capital initially borrowed) or totally at any repayment date without any early redemption penalties.
  • You have the flexibility to change to a fixed rate at any time without early redemption penalties.

Interest Only loans up to 15 years:

Today’s rate 3.1%.

Spread 2.2%.

Characteristics:

  • Investment of cash in a savings plan (say 40% or more) against which the bank finances 100% of your property purchase.
  • There are no early redemption penalties.
  • For the first 5 years you only pay the interest on a margin of 2.15% on the 3 month Euribor, with a ceiling of 5%. (Interest payments are deductible from rental income for tax purposes.)
  • At the end of 5 years you have the option to pay off part of or the entire loan using the money invested in the savings plan.
  • Any outstanding amount (still owing) may be converted into a Capital Repayment loan over a maximum of 15 years if you wish, and the new monthly repayment is calculated on the remaining capital outstanding.
  • Monthly repayments are inevitably substantially lower than in the Capital Repayment loan option.
  • In the case of death, the investment in both the savings plan, and the property are 100% insured
  • Not available to applicants over 70!

Currencies:

The Euro felt heavy pressure earlier in the year and hit a low against Sterling and the US$ in June 2010 (81p and $1.19 respectively) but has strengthened against both since June, and as I write they sit at 88p and $1.40. A little more respectable

However the South African Rand continues to confound us all. In spite of the strengthening of the Euro since June, the Rand has strengthened even more! In November 2009 South Africans paid R11.97 for a Euro and most people I know thought that the Rand would slowly but surely weaken. But it turned! (Chinese interest in developing countries’ currencies, and the high price of gold?) At its September 2010 high South Africans paid as little as R9.08 for a Euro, and today R9.60. It’s a very interesting journey – the Rand’s high point against the Euro was on 11th September 2010 and it remains to be seen whether we will EVER see it so strong again.

Nepotism Rules:

Have you got anything against a little healthy nepotism?

After all, family businesses are based on it, and there is an interesting history surrounding the practice of it. The word derives from the Latin word “nepos” (grandson, nephew).  However the word as we use it originated from the practice of Popes in the Roman Catholic Church who would confer important positions to their sons! Since a Pope had taken the vow of chastity, his son was euphemistically called a nephew, and the conferring of these positions to sons became known as “nepotism”.

In the interests of nepotism (and the wider family business) therefore:

Accommodation in Cannes, Nice and the Cote d’Azur: If you are an owner wishing to let your property, or a visitor wishing to rent a self-catering serviced apartment or villa, you will find the widest choice and top and personal service to owners and guests with our son Lao’s rentals team. (His brother says: “with all those pretty girls, you must so hate your day job!” Jealousy! Jealousy!)

Contact him on lao@azurelive.org or visit http://www.azur-online.com/default.php


Innovative and Imaginative Architectural Solutions: Our second son Adam is
a young and passionate architect working in a Cape Town based architectural
firm, willing and waiting to take on your project. It might be a renovation or
a brand new dream home, or creation of your perfect commercial premises; you’ll
not find more dedicated architects anywhere. In this day and age geography is
not the barrier it was.

Contact them at office@platformdesign.co.za : or on +27 (0)21 461 1095


Your home in Cape Town’s City Bowl, the heart of
the “Mother City”:
Our daughter Alice has been in the City Bowl for the last
two years, and with her enthusiasm and experience in that highly sought after
area, and her intimate knowledge of every nook and cranny in the lee of Table
Mountain, she can find you what you’re looking for, be it an investment
property or your dream home with spectacular views of the mountain and the
beautiful Table Bay.

Contact her on +27 (0)74 155 7477


STOP PRESS.

The Headline article in our local “Nice Matin” newspaper – 12th October 2010.

Property market : the shortage of stock is a worry”

The article confirms what our day to day activity is telling us – stock is very short and the market is moving again. This inevitably will drive an increase
in prices. The two go hand in hand.

To quote from the final paragraph of the full-page article:

“Concerning the market for resale property, the tendency in the west of the department (the Alpes Martimes) is to an increase, with, since last year, an increase in transactions of 31% in the area of Sophia Antipolis, and 35% in the Cannes basin. And this, in spite of an increase in prices of between 4 and 5% compared to last year.”

With kind regards,

Guy.

PLEASE NOTE –

The properties below are listed in ascending price order.

The prices quoted are asking prices only.

The selection offered represents a few properties chosen from many, so if what you are looking for is not here we can tailor-make our search for you.

If you follow the links you will be able to read about the properties, look at a gallery of photos, and see the position of each property on a map.

Please know that if you are interested in any property or properties but don’t understand how the finances work; what total costs will be by the time you get to signing; what rental returns are likely to be compared to the running costs and the cost of finance; I will willingly send you a “financial” on any specific property or properties, answering your questions.

We have an exciting new website under construction so no new Properties being loaded at this time. Please ask
for (reduced size) photos and map references if you would like them, I will send them by return.

Arriere Croisette. Vautrin.

Studio apartment.

  • 21m2 of living space.
  • 8m2 of terrace.
  • 4th floor of 6.
  • Construction 1965.
  • Aspect north and west.
  • Open view of Basse Californie and the hills.
  • Asking price – 175 000 Euros

This is a great little studio. It has been so carefully and beautifully renovated and every detail maximised. It is just into Basse Californie and only a stones throw from the beaches and the Croisette, in a good block of apartments, and it looks away from the road and out over gardened properties and swimming pools to the hills behind Cannes. It has a balcony with table and chairs, a very well equipped open plan kitchen and a bright clean happy bathroom. It is good for seasonal rentals, but also really suits long term rentals – ideal for a young person or couple starting out.

We have an exciting new website under construction so no new Properties being loaded at this time. Please ask for (reduced size) photos and map references if you would like them, I will send them by return.


Palais Eve. Large Studio Apartment.

  • 28m2 of living space.
  • 10m2 enclosed veranda / terrace adding to the living space.
  • Exposition north and west.
  • View across a school and the suburb of Basse Californie.
  • 3rd floor of 5.
  • Garage in the basement.
  • Cellar in the basement.
  • Asking price – 191 000 Euros
A great studio for the rental market in Cannes
– situated just 200m from the beaches of the Croisette it suits either short or
long term rentals.

The apartment on the 3rd floor of a
good building looks out unobstructed across a very open view of the pleasant
suburb of Basse Californie. It has a living room with a very Provencal open
plan kitchen, and a shower and toilet. But it also has a large terrace which
has been glassed in adding significantly to the useable living space, and
making a comfortable studio apartment into a large and comfortable studio
apartment.

It is double glazed, fully furnished, fully
equipped, and comes with a garage in the basement and a cellar. A garage in
this part of town has real value and can be sold separately (if desired) as it
is a separate “lot” on the title deed.

There is a tenant in the apartment paying a
regular monthly rental and it is the buyer’s choice as to whether he stays or
goes, but if it seems interesting to take over a “going concern” then we would
recommend keeping him as he pays well.

There is a tenant in the apartment paying a regular monthly rental and it is the buyer’s choice as to whether he stays or goes, but if it seems interesting to take over a “going concern” then we would recommend keeping him as he pays well.

We have an exciting new website under construction so no new Properties being loaded at this time. Please ask for (reduced size) photos and map references if you would like them, I will send them by return.


Boulevard Montfleury. Two bedroom apartment.

  • 88m2 of living space.
  • 2nd and top floor.
  • Construction during the Belle
    Epoch – turn of the century or before.
  • Aspect south and west.
  • View of garden and the
    neighbourhood.
  • Cellar and big lock-up garage.
  • Asking price – 362 000 Euros.

It is just one minute from the Rue d’Antibes. The lovely old and very well maintained building is in a garden on Boulevard Montfleury, set well back from Rue Republique, and a block before the new square with the fountains (Place Commandant Maria). The area is upgrading rapidly because of its proximity to the centre of Cannes and the beaches of the Croisette. We can see and witness the changes long promised by the City and the State in key areas of town (Palm Beach being another).  The area comprises a core of gracious 19th and early 20th century buildings interspersed with newer apartment blocks. This particular early and very attractive Bourgeois building is only 3 floors high (ground plus two), in a light and bright garden with well established lawns, palms and an array of plants.

The charming elderly couple who are selling told me they have lived there since 1956! They did not say so but I suspect that Madame who is hunched now, and Monsieur who walks with a stick are finding the apartment too big to manage and the stairs to the second floor (no lift) too great a challenge as they grow older. The stairs are wide and gentle as they were in those days, but still must be tiring in your 80’s, especially carrying the shopping!

The apartment comprises a large living room overlooking the gardens through two large windows which are recently and well double glazed. The ceilings are high, and the walls are at least half a meter thick throughout the apartment. Amazing to see. There are two very large bedrooms, the main one overlooking the garden (west), and the second bedroom looking south towards but not hemmed in by facing buildings. The kitchen is large enough that they have a dining table in there, a bathroom and separate toilet. There is a deep storage area adjacent to the bathroom and it could easily become a second shower room because the plumbing is right there.

The apartment is immaculate, but really needs a complete modernisation. All walls, ceilings, bathrooms and the kitchen need renovating. The floors are original and should be preserved, and the double glazing is done.

It is so close to town that it will work as a conference and short term rental unit, could be a lovely main or second home for people wishing to be right in Cannes, but would also be a perfect long term rental unit if preferred. All options are open. The large cellar is on the ground floor, and the garage straight off the side street, with electric doors and a pedestrian door directly into the property from the front of the garage.

We have an exciting new website under construction so no new Properties being loaded at this time. Please ask for (reduced size) photos and map references if you would like them, I will send them by return.


Petit Juas. Avenue de Grasse.

Two bedroom apartment.

  • 80m2
    of living space.
  • 45m2
    of private terrace.
  • 1st floor of a 3 storey house.
  • Construction 1930’s.
  • Aspect south and north.
  • View of garden and nearby
    buildings.
  • Asking price – 435
    000 Euros.

A great two bedroom apartment which has been
home to a young (expanding) family for four years, it is on the first floor of
a house comprising four floors and therefore four apartments. It is a most
attractive house on a busy road, and the apartment is double / double glazed so
absolutely and totally silent. On the quiet side of the apartment is a lovely
sunny and private 45m2 terrace with shrubs, decking, seating and a
barbecue all leading straight off the spacious living room and very well
equipped open plan kitchen. The whole area encompassing the living room,
kitchen and terrace is very appealing.

The bedrooms are big and bright, and both are
air conditioned (as is the living room). There is a third smaller bedroom which
the current owners use as an office, but it can easily be used as a third
smaller room, or as has been done on other floors i) converted into a second
bathroom en-suite to the main bedroom, or ii) combined into the living and
kitchen area to make it even bigger.

The building is very well looked after, the
apartment immaculate, and many of the original features such as the high
ceilings, doors, and parquet wooden and original tiled floors are preserved and
tastefully encompassed into the overall modern, comfortable whole.

It is just a 10 minute walk from the Palais des
Festivals, and Forville Market and the Old Town of Cannes (Le Suquet), but it
is particularly well suited to longer term occupation rather than short term
lets. It would suit people wishing to live close to the centre of Cannes, or
wishing to own a second home here, or longer term rentals. The current owners
rent a garage in a building nearby for 75 Euros per month, a lease that could be
transferred to the purchaser if required.

We have an exciting new
website under construction so no new Properties being loaded at this time.
Please ask for (reduced size) photos and map references if you would like them,
I will send them by return.


Cannes
Oxford.
Coteaux.

Two bedroom apartment (Principal floor of a charming house).

  • 70m2 of living space.
  • Charming private garden with
    orange tree.
  • Terrace on south and east
    sides.
  • Construction 1925.
  • Aspect east, south, west.
  • View of garden and nearby
    buildings.
  • Storage space.
  • Garage.
  • Asking price – 490
    000 Euros.

This is gorgeous. We know so many people that
this little property would really appeal to.

One enters the driveway and garden of this very
quaint little blue shuttered Provencal house from a fairly busy road leading
from Cannes to Le Cannet. But the hedges are thick and sight and most of the
sound of the road is immediately barred by the greenery as one enters another
world. There are two small well-kept apartments on the lower level, slightly
below ground level, and one apartment on the top level, but one is only barely
aware of them because the main level and small but beautifully tended garden
are the “main event”. The garden is private to the main floor apartment and has
lawns, shrubs, a full grown orange tree, and most attractive sitting and
barbecue area.

The apartment itself has two balconies (look at
the tiles!) on the east and south sides, and a lovely living room, two
bedrooms, two bathrooms each en-suite and a very well equipped kitchen with
room for a table and chairs. There is storage in a cellar (or garden shed)
below the entrance steps to the house, and further storage in the ceiling to
which there is access via a trap door. There is also a lockable garage off the
street with a pedestrian door which opens directly into the garden.

The apartment has been beautifully renovated
whilst conserving all the desirable original elements, particularly the floors
which are beautiful and highly polished old tile and parquet.

It’s a lovely home, second home, or very
attractive rental property just five minutes (by car) from the centre of Cannes
in the desirable suburb of Oxford, half way between Cannes and Le Cannet.

We have an exciting new
website under construction so no new Properties being loaded at this time.
Please ask for (reduced size) photos and map references if you would like them,
I will send them by return.


The following two properties are grouped
together (in a box) because they are geographically close (300m apart), share
similar features, are similarly priced, and would serve similar purposes:

Photos of this property will be
available, either at the last minute and included in this letter – or by
request later. They are on the way

Le
Cannet.
Sainte-Catherine. Three
bedroom “Maison de Village”.

  • 105m2
    of living space.
  • 15m2 of terrace.
  • Self contained house on three levels.
  • Construction 1930’s.
  • Aspect west.
  • View of Old Village Le Cannet.
  • Huge garage.
  • Vast storage space.
  • Cellar and laundry.
  • Asking price – 545 000 Euros.

For someone wanting a home or second
home in Cannes (which is what the current Danish owners use it as) this is
perfect. Alternatively for someone planning for the future who would wish to
let it in the interim it also ticks all the boxes. It is not a huge budget
(relatively speaking), but has plenty of living space, low maintenance, and
oodles of charm in a very quiet yet central location, close to shops, close to
bus routes, and just 20 minutes from Cannes.

It is situated in the little old streets of Old
Le Cannet which for those who do not know it is entirely off the beaten tourist
routes. It is an area that is older than Cannes and steeped in character, with
little galleries, churches, markets, restaurants and workshops frequented
entirely by locals. Vicky and I lived here for a year (2004/5) and loved it,
and will one day return to live in Le Cannet when the time is right – it
is our personal ambition.

This house or “maison de village” is
entered from a tiny street on one side, into the lowest level which has a
bedroom with a window onto the little street, a shower and toilet, a cellar or
spacious storage room with shelving (and the current owners have a large second
fridge in there), and a separate laundry. It also has a door directly into a
very large garage (for two small cars or one large one with space for scooters,
skis, surf boards and whatever else one might wish to store). The garage is
approached and entered from the opposite side of the house, from an equally
narrow one way village lane.

Op the stairs is the main living area
with an enormous kitchen and dining area, a living room and bar (which one can
keep or not), and big glass doors and windows opening onto a very spacious and
protected terrace which is actually the roof of the garage. It has ample space
for a large table and chairs, and awnings to provide shade and shelter when
needed. It faces west and is a lovely space with views of the charming little
streets of Le Cannet and a neighbour’s extensive garden. Very pleasant indeed.

The top floor of the house comprises two
spacious main bedrooms each with bathroom en-suite.

It is silent here, yet only 100m to the
shops and bus stop leading down the hill to Cannes.

Le Cannet.Mairie.Three bedroom “Maison de Village”.

  • 125m2
    of living space.
  • 350m2 of garden and terrace.
  • Construction first half of 20th Century.
  • Aspect east, south and west.
  • View of garden and nearby buildings.
  • Quiet.
  • Storage space.
  • Asking price – 555 000 Euros.
DSC05855 DSC05842
terrasse bonne vue cuisine%20equipee
salle%20de%20bains For someone wanting a
home or second home in Cannes this is perfect. Alternatively for someone
planning for the future who would wish to let it in the interim it also ticks
all the boxes. It is not a huge budget (relatively speaking), but has plenty of
living space, and low maintenance in a quiet yet central location, close to
shops, close to bus routes, and just 20 minutes from Cannes.

It is situated in the little old streets
of Old Le Cannet which for those who do not know it is entirely off the beaten
tourist routes. It is an area that is older than Cannes and steeped in
character, with little galleries, churches, markets, restaurants and workshops
frequented entirely by locals. Vicky and I lived here for a year (2004/5) and
loved it, and will one day return to live in Le Cannet when the time is right
– it is our personal ambition.

This house has a garden and fully grown
cypress trees for shade. It is on two levels with sleeping accommodation on the
lower level, opening onto the lower garden, and the living area and a very
sheltered terrace (for blustery or cold days) on the higher level. It is a
small and self contained house built in the early part of the last century,
made comfortable in the 21st century, but by my estimation there is
still some work to be done – not to make it habitable (it is entirely
habitable), but to maximise its potential.

We have an exciting new
website under construction so no new Properties being loaded at this time.
Please ask for (reduced size) photos and map references if you would like them,
I will send them by return.


L’Aubarede. Villa.

P1040568 P1040573 P1040554 P1040559
  • 90m2 of living space.
  • 830m2 of ground.
  • “Cos residuel” – meaning
    residual building permission – expansion possible.
  • Construction 1956 in
    Provencale style.
  • Aspect south and west.
  • View of gardens and greenery.
  • 3 bedrooms.
  • Independent studio.
  • Garage.
  • Swimming pool in the grounds.
  • Asking price – 580
    000 Euros.

Further
details on request.

We have an exciting new
website under construction so no new Properties being loaded at this time.
Please ask for (reduced size) photos and map references if you would like them,
I will send them by return.


Jean Jaures – right in the “Banane”. Five
bedroom apartment!
165m2 of living space!

  • Bourgeois building (1900).
  • Aspect North West.
  • View – city.
  • 2nd and top floor.
  • Five bedrooms.
  • Two bathrooms.
  • Asking price – 740
    000 Euros.
Kitchen If you are
contemplating a rental property in the centre of Cannes with conferences in
mind, this apartment is perfectly placed, and renovated to suit the purpose. In
addition it is just off the Place Gambetta which is at the end of Rue Hoche,
and was recently upgraded to become the most popular little pedestrian precinct
in Cannes. The apartment sits on the edge of Place Gambetta which supports a market
square every morning, but in line with the uplifting of the whole area is
itself part of the City plan. When Place Gambetta is upgraded, and that is to
be soon, the area will increase in value.

The apartment is hugely spacious with unusually generous living
space, and a large modern open-plan and very well equipped kitchen. It’s a
great space. There are four good double bedrooms, and an upstairs main bedroom
which hasn’t got its own bathroom yet – it has a dressing room which
should (in my opinion) become a bathroom, so the potential is there for it. The
two bathrooms serve the other four rooms. There is a mezzanine floor which is
used by the current residents as their office and work space. It is very
attractive and useful, and it could be converted to sleeping accommodation (a 6th bedroom) if desired.

This apartment is a
family home today, and could be the same again, or a second residence for
someone wishing to visit Cannes from time to time, or it can become a dedicated
rental unit, and with the space and facilities that it has, added to its
central position close to everything, it is well worth considering.

Entrance%20-%20Corridor
Mezzanine - Office Bedroom%202 Bathroom bis Bedroom 3

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P1040476 Marina Baie des Anges. Villeneuve Loubet. (Marina Bay of Angels)
  • 108m2
    of living space.
  • 20m2
    of terrace.
  • Famous and slightly
    controversial development.
  • Aspect full south and west.
  • 5th floor of 20.
  • Spectacular views of the
    Marina dn the sea.
  • Three bedrooms.
  • Two bathrooms.
  • Garage.
  • Cellar.
  • Asking price – 900
    000 Euros.

Anyone who has flown into Nice and looked out
the window a few minutes before landing will have seen Baie des Anges. You
can’t miss it! Three monstrous constructions rising like ships’ sails above
anything else in the landscape. Nobody knows quite how they were allowed to be
built some 40 years ago, and you either love it, or you hate it! Either way
Baie des Anges in Villeneuve Loubet is here to stay, part of the landscape just
10 minutes from the airport, and just 20 minutes from Cannes.

View north-west and south-west across the Marina

View east with Nice in the
distance.

From the resident and owners point of view it’s
a lovely destination with its own beaches, vast Marina, restaurants, cafes and
shops. It is very secure and very self contained, but only a short drive or
train trip to just about anywhere you want to visit on the French or Italian
Riviera or hinterland, golf courses, world famous Marineland, the ski slopesÉ.and
so on.

This 5th floor apartment has all the
views, and lots of space. It is a fabulous holiday destination, and a rental
opportunity if you need help covering the bills (rental records are available
and rentals are managed from within the complex).

There are three bedrooms and a dressing room,
and two bathrooms, all off a huge living room and lovely terrace. There is a
garage in the basement and a cellar for storage, and undoubtedly the furniture
is optional if one wanted to keep it.

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Villa Montrose. “Un coup de cour” Five
bedroom stone villa on three levels.

Construction
– 1930.

  • 186m2 of
    living space.
  • Extensive terraces
    on differing levels.
  • 110m2 of
    garden.
  • Exposition south
    and east.
  • Asking price – 1 050
    000 Euros.
P1030591 P1030593

This villa is in a line of a few beautifully
constructed stone villas built at the same time, in the 1930’s.  The little suburb of Montrose sits just
to the west of La Californie and between Cannes and Le Cannet. It’s a lovely
and quiet residential area, close to the centre and much sought after by the
Cannois (the people of Cannes).

The villa itself has been beautifully renovated
over years to a very high standard, with much love and great care. The result
is exhilarating, light and spacious. (Vicky fell in love at first sight!)

P1030557 P1030556

It is composed of a double living room with
fireplace, a dining room and a lovely open plan kitchen on the middle floor.
All of this opens onto a charming, quiet and protected terrace overlooking the
garden. There is also a separate T.V. room.

On the upper level is the large master bedroom
with a lovely bathroom. The bedroom also opens onto its own private “Tropezienne”
or secluded terrace. The second bedroom is lovely too, with its own shower and
an office which could be a single bedroom if required.

On the garden level there are two bedrooms
sharing a bathroom, a laundry room and a kitchenette meaning that this level
can be self contained if required, or part of the main house. The option is
there. This level opens onto the private garden.


FROM PREVIOUS PROPERTY LETTERS:

These properties still have great merit – herewith individual links to them. In all
cases they are properties that we recommend:

Look at these first two in my “Just Villas” Property letter of July 2010, or
click on the link to see them on the website. They are both REALLY worth
considering if they even come close to fitting your needs.

  • A Villa in Theoule sur Mer.
  • 66m2
    of internal living space.
  • 70m2
    of terrace and garden.
  • Aspect
    east and south.
  • View
    stupendous!
  • 3 bedrooms
    (two are very small).
  • 1 bathroom.
  • 1 shower
    room.
  • Asking price – 675 000 Euros.
  • Reduced to – 575 000 Euros.

http://www.azur-accom.com/property/247


17th Century Villa in Auribeau sur Siagne.

  • 280m2
    of living space.
  • 3 000m2
    of beautiful gardens.
  • Separate
    guest house.
  • Separate
    guardian’s accommodation.
  • 8 bedrooms.
  • 6
    bathrooms.
  • Asking price – 1 850 000 Euros.
  • Reduced to – 1 650 000 Euros.

http://www.azur-accom.com/property/241

Felix Faure.

Studio
apartment right across the road from the Palais des Festivals. Sold fully
furnished and ready to go. Excellent condition.

189
000 Euros.

http://www.azur-accom.com/property/212


Traverse de la Tour.

This one
bedroom duplex apartment shouldn’t still be available but it is. It is in Le
Suquet, the Old Town Cannes, on a cobbled pedestrian road with the Old Church
and city walls right outside the front door. Great charm, good price and
fabulous position. I don’t know why it’s still unsold.

267 000 Euros.

http://www.azur-accom.com/property/248


Le Lys – A two bedroom
apartment.

Just
off the Rue d’Antibes, in a beautiful security domain with expansive and lovely
gardens and a gorgeous pool. It lends itself to conversion very easily to a
three bedroom, three bathroom unit. In this position it is well below market
price today.

480
000 Euros.

http://www.azur-accom.com/property/35


Palm Beach – 4th floor two bedroom apartment for renovation.

A
renovation prospect with great position.

490 000 Euros.

http://www.azur-accom.com/property/206


Palm Beach – Ground floor two bedroom apartment.

Beautiful apartment –
excellent position – in a top quality building

630 000 Euros

http://www.azur-accom.com/property/202


Le Piree – Palm
Beach. Two bedroom apartment.

Elegant Luxury. For someone this is a dream second home, and one capable of earning substantial rental income annually from top-flight visitors to help offset the costs, if desired.

  • 85m2 of living space.
  • South west facing balcony.
  • View of sea and La Croisette.
  • 1 150 000 Euros.

http://www.azur-accom.com/property/154

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