• Premises for sale Cannes, French Riviera, France
    2 625 000 EUR

TRANSFER OF OCCUPIED COMMERCIAL WALLS

  • V7529CA
  • Sale
  • Premises

Transfer of the walls of a commercial premises occupied by a ready-to-wear business, located in the best area of rue d'Antibes, one of the busiest shopping streets in Cannes, where most national and international brands are established.

Description of the premises:
Commercial premises of approximately 115 m², spread over 4 levels, as follows:
Ground floor: approximately 20 m² (sales area).
Mezzanine: approximately 20 m² (sales area), ceiling height 2.10 meters.
Intermediate floor: approximately 20 m² (sales area), ceiling height 2.10 meters.
Basement: approximately 55 m² (storage, office, kitchenette and toilet).
All connected by an interior staircase from the ground floor.
Facade: approximately 4 linear meters.

Rental situation:
Lease: 3/6/9 years, from 27/01/2023 to 26/01/2032.
Authorized activities: all trades, subject to the rights and obligations resulting from the RCP (everything except nuisances).
Annual rent excluding VAT, excluding charges: €130,428.
Annual co-ownership charges: €1,820, payable by the tenant.
Property tax and household waste collection tax (TEOM) – 2026: €2,614, payable by the tenant.
Payment of rent and charges: quarterly in advance.
Security deposit: three months' rent excluding charges.
Rent indexation: annual, on the lease anniversary date, according to the ILC index (reference index Q3 2022 at 126.13).
Net selling price of transfer: €2,500,000.
Agency fees: 5% excluding tax of the transfer price.

That is:
A net yield (including transfer duties and fees) of: 4.66% net.

luxury real estate agency CANNES
  • JOHN TAYLOR SAS
    6 rue Frédéric Amouretti
  • 06400 CANNES
  • Alpes-Maritimes, FRANCE

John Taylor
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