Refurbished 2 bedroom Apartment for sale in Cannes, Cote d'Azur French Riviera

890,000 EUR 765,400 GBP 961,200 USD

Reference: 246896

Bedrooms: 2
Bathrooms: 3

Features

Balcony
Walk to Beach
Walk to Amenities
Traditional Style
Turnkey
Good Condition

Details

Magnificent and completely refurbished 2 bedroom apartment, with a bright living area of 62m2, situated within a small building in absolute calm with a lift.

Features include: entrance hall with a cupboard including a washing machine; living room and open kitchen opening onto a south-facing terrace of 12m2; shower room with a WC and sink; en-suite bedroom with a shower room, WC and plenty of storage space; en-suite bedroom with a shower room and cupboards

It is sold furnished, decorated and equipped, ready to live in or rent out.

There is also a free storage area located in the courtyard of the building.

Beautiful fittings and very functional (Marazzi tiles, Italian carpentry, Scandinavian solid parquet flooring, reversible air conditioning, etc.). Beautiful ceiling height of 2.6m.

Rental profitability estimated at 60,000 Euros per year.

There is also a parking space available to rent with this apartment in the adjacent building.

FEATURES
Terrace: 12m2
Lift
Great rental possibilities

Show Map

France Property Buying Guide

1. Signing the Agreement (Compris)

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner.

The next step, once you are in agreement, is to sign the preliminary contract (Compromis de Vente). This is a legal document and after ten days will be binding on both parties. Rules change frequently in France and it is best to consult with your notary about when this period starts. Generally the compris will be signed in France with the Agent.

Variants can be included in the compris, for example an Acte (clause) can be added if the name or names to go on the title deed have not been finalised. If a mortgage will be required to purchase the property, the details for this, including the name of the mortgage company, must be on the compris.

2. Paying the Deposit

Generally the deposit will be 10% of the agreed purchase price. This will normally be paid to the notaire. There are exceptions to this, if the agent holds a carte professionelle, is bonded and fully registered then you may pay them, but do not hand over the deposit to anyone else. If for some reason the purchase does not go through, for example, if you write to the notaire and the agent that you do not wish to go continue with the purchase before the contract is binding (within seven days of signing the compris), then your deposit would be repaid. This would also apply if a condition had not been met, or the mayor or S.A.F.E.R. (a government agency that has the right of first purchase on most rural property that comes onto the market in France) could oblige the purchaser to give way. If you decide after the seven days 'cooling off' period that you do not wish to complete the purchase and pull out of the sale you would lose your deposit. If however the vendor pulls out of the sale then you will receive your deposit back plus the same amount from the vendor.

3. On Completion

Generally it will take around two or three months to complete the purchase.

During this time the balance of the purchase money must be paid into the account of the notaire, this must be done well ahead of the completion date. The notaire will prepare the documents, check that the deed of sale (Acte de Vente) is in order and have the legal title ready to be signed over. It is possible to have someone sign on your behalf if you give them power of attorney. An interpreter may be of use at this point if your French is not very good and many Notaires will suggest (or insist) that an interpreter is with you.