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House in CANNES , Alpes Maritimes , Provence Cote d Azur

€2,310,000 €1,500,000 £1,349,070**
Ref: 99033RNW06
french property for sale
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Reduction from €2,310,000 to €1,500,000
Large 6-bedroom/6-bathroom villa in the heart of Cannes most prestigious neighbourhood – “Basse Californie”, tucked away in an ultra-quiet niche of the neighbourhood. With sea view, pool, jacuzzi, elevator, independent studio, double car garage and an immense terrace, it is ideal for accommodating large groups of people and/or for renting out for the Cannes conferences and holiday renters.

Robert Nowak , your local Leggett agent, says :

Price €1 500 000
agency fees to be paid by the seller

Reduction from €2,310,000 to €1,500,000
Ref 99033RNW06
Town CANNES
link to google map MAP
Dept Alpes Maritimes
Surface 316 M2* Plot Size 6300 M2
Bathroom 6 Bedrooms 6
Location
  • 0-2KM to amenities
  • 50km or less to airport
  • 50km or less to ferry
  • City property
  • Close to golf course
  • Coastal
  • Town property
  • Village property
Type
  • House
  • Family Home
  • Holiday Home
  • Villa
Features
  • Detached
  • Electricity on site
  • Garage
  • Guest house / gite
  • High speed internet
  • Mains Drains
  • Mountain view
  • Private parking
  • Seaview
  • Swimming Pool
  • Water on site
Condition
  • Good condition
  • Habitable
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Print description
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Located in the heart of Cannes’ grand old and most prestigious neighbourhood “Basse Californie”, tucked away in an ultra-quiet niche, this large villa of 316 m2 livable space (Loi Carrez) located on lush green land of 6300 m2 is ideal for accommodating large groups of people in the heart of the city. The villa is a mere 2.3 km from the front steps of the Palais des Festivals and thus close to all the amenities, events, beaches and action that Cannes has to offer.

The villa has six large bedrooms, each with their own shower/toilet facilities and is fitted with central air conditioning and electric heaters. A separate independent studio as well as a double car garage are also included. The villa has an immense terrace of approximately 150 m2, a 12m x 4m salt water swimming pool, a jacuzzi and plenty of shade cover - all facilitating outdoor Côte d’Azur living at its finest.

Its total surface area is approximately 385 m2 when one includes its four storage rooms and the independent studio located on the opposite side of the pool. Because the villa and terrace are so expansive, an elevator has been installed at the extreme east end of the villa to avoid having to walk too far to the west end of the villa to take the stairs.

This amazing ensemble of fine Côte d’Azur living can serve several lifestyle objectives. It can serve as an ideal place for a large extended family to enjoy summertime in Cannes, the ultimate party pad for entertaining large groups of people or an ideal Cannes conference rental place because of its proximity to the Palais des Festivals.

So, what’s the catch? Why is such a huge villa, with sea view, jacuzzi, elevator, independent studio, double car garage and located on 6300 m2 of lush green terrain in Cannes’ most prestigious neighbourhood priced so low? Such a large villa on such a large plot in Cannes Basse Californie is eye-wateringly rare - even without a sea view - and typically priced in the €4m to €7m range.

The catch is that there is a small apartment building with four apartments located on the same 6300 m2 plot of land and shared with this villa in a “copropriété” (i.e. condominium) arrangement. The villa still as 1846 m2 of its own dedicated land with its own orchard of fruit trees within the 6300 m2 total land surface area. But it shares its entrance gate and its long, sweeping, elegant driveway with the residents of the apartment building.

Thus, if you are willing to accept sharing 4500 m2 of the total 6300m2 land, the entrance gate and the driveway with a few other people, then you can you can reap all the benefits of living in this elevated state of luxury and prestige for a quarter of the price that the villa would cost otherwise.

In addition, if you are looking at it from an investment perspective, you can rent the villa out to holiday and conference renters for an above average Return on Investment, yet stay in the villa yourself while it is not rented out – a very smart option.

The annual property tax (“Tax Foncières”) is €4200 and the copropriété charges for maintenance of the 6300 m2 shared plot of land are €1860 per year – all quite reasonable in light of what the benefits for the new owner.

This villa is for the person who is able to recognise a serious opportunity when it is standing right there, staring in his/her face, and will reap the benefits accordingly. Read more ...


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