Saint Cyr Sur Mer Apartment

LES PANORAMAS — LA MADRAGUE, SAINT-CYR-SUR-MER
45 units from studio to T3 — from 21.3 to 56.3 m² Carrez — 54 parking spaces

THE PROPERTY
Co-ownership of two buildings (Aiguevive and Banon), built in 1982, currently undergoing an exterior and common areas renovation program (started March 2026, estimated completion end of 2026): facade restoration without architectural changes, refurbishment of common areas, repair of guardrails and shutters.

WHY THIS AREA MATTERS
La Madrague has preserved its village spirit — fishing port, Provençal market — without hotel complexes or overcrowded waterfront. The neighborhood is part of a discreet yet promising market, in a protected environment: an alternative to the mature Lecques area.

Local fundamentals:
- Population of Saint-Cyr-sur-Mer has grown nearly 66% since 1990 (7,033 → 11,658 inhabitants), driven by demand for primary and secondary residences.
- Municipality within the Bandol appellation.
- TER Côte d’Azur line: Toulon 20 min, Marseille 30 min; A50 nearby (Aix 45 min); Toulon-Hyères airport 25 min.
- Coastal path to Bandol ranked among the most beautiful in the department; beaches of Lecques and coves of La Madrague.

LMNP — THE FORMAT THAT MATTERS
Banon concentrates most of the small units (studios and T1), with an average of 12.7 m² of outdoor space per unit — terrace or garden, a rare ratio in this coastal segment — and many with open views of the Mediterranean.

- Layouts up to T3.
- Furnished studio/T1 is the most liquid format for seasonal rentals on the Var coast: affordable entry price, strong tourist demand, tight market.
- A turnkey asset: based on an estimated budget of €1,000/m², each unit can be fully renovated (layout, equipped kitchen, bathroom, finishes) for immediate rental.

SECOND HOME — AN ADDRESS THAT RENTS WHEN NOT OCCUPIED
Mixed use assumed: personal enjoyment part of the year, rental operation the rest.

- Aiguevive offers height and panoramic views from the top floors.
- Banon provides single-level living extended by a garden, sheltered by pine trees.

Two buildings, the same sea view — and a neighborhood that comes alive with terraces and port events from June to August.

WHAT TO KEEP IN MIND
All real estate investments carry some risk, notably related to constraints and timelines of renovation work, changes in legal and/or tax environment, and market evolution.

- Estimated delivery date is indicative and subject to adjustment.
- Documents and visuals are for ambiance only, non-contractual.
- For any financial projections (yield, tax regime, financing), analysis must be validated by an advisor based on the specific unit, purchase price, and current market conditions.

In a co-ownership of 45 units.
Average share of the provisional budget: €1/year.
No ongoing legal proceedings.
Energy Performance Diagnosis (DPE) in progress.
Information on risks related to this property is available on the Géorisques website: [hidden information].
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/