Refurbished 4 bedroom Duplex for sale in Cannes, Cote d'Azur French Riviera

2,550,000 EUR 2,193,000 GBP 2,754,000 USD

Reference: 245254

Bedrooms: 4
Bathrooms: 4
Floor Size: 145 m2

Features

Contemporary Style
Good Condition
Duplex
Terrace
No Pool
Air Conditioning
Elevator
Potential for Income
South Facing
Walk to Beach
Walk to Amenities

Details

Located right in the heart of Cannes, on the famous rue d'Antibes, just a few steps from the Palais des Festivals, the sea and the shops, this superb 5 room duplex apartment offers approximately 145m2 of living space and is located in an elegant old building with a lift.

Totally refurbished with high quality finishes and facing south, features include:
Entrance level: bedroom 1: a suite of approximately 12.5m2 with its own bathroom including a shower and WC. Bedroom 2: another suite of approximately 13.5m2 with a shower room and WC. Bedroom 3 of 13m2 with an adjoining shower room and WC. Bedroom 4: fourth suite of approximately 13m2 with private shower room and WC, guest WC and a practical laundry room

Upstairs: spacious living/dining room of approximately 45.5m2 with a fully equipped American style kitchen.

The apartment also benefits from high ceilings and has a charming sunny terrace of approximately 25.8m2 offering city views.

In addition, it is equipped with a reversible air conditioning system for optimal comfort and has excellent rental potential, guaranteeing an attractive rental revenue.

FEATURES
Digicode
Air Conditioning
Lift Access
No Work
Excellent Condition
Terrace: 26m2

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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.