Entire Income Producing Building — Cannes City Centre, Steps From La Croisette

Rare opportunity to acquire an entire income-generating building in full ownership, right in the heart of Cannes, just steps from the Croisette and the Palais des Festivals. Built on a ground floor plus four stories, this character building dating before 1949 offers approximately 250 m² of total usable space, including 160 m² of net living area divided into four independent apartments. Ground floor + cellar: commercial space operated as a restaurant, 9-year commercial lease (May 2021 – May 2030). 1st floor (~36 m²): two bedrooms (8.4 and 7.4 m²), kitchen/entrance (5.8 m²), two bathrooms (2.3 and 3.0 m²). 2nd floor (~37 m²): two bedrooms (9.2 and 8.5 m²), kitchen/entrance (5.5 m²), two bathrooms (2.3 and 3.0 m²). 3rd floor (~36 m²): two bedrooms (8.5 and 6.4 m²), kitchen/entrance (5.8 m²), two bathrooms (3.0 and 2.3 m²). 4th floor (~36 m²): large living room (8.7 m²), dining room (6.5 m²), bedroom (8.5 m²), kitchenette (1.7 m²), bathroom (3.3 m²). Floors 2 to 4 are vacant at the time of sale. Estimated total gross income: €178,000/year (commercial rent + seasonal rentals, average 2023-2025). Gross yield: ~6%. Full ownership, no co-ownership, no management fees.
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/