The San Margot building is located 350m from the Gare des Bosquet, which connects to the center of Cannes in 2 minutes. It is less than 600 meters from the seafront, less than 800 meters from the city center, and in the immediate vicinity of shopping malls, several centers of higher education and a sports and water sports complex: this location makes it ideal for rental investment.
This is a 3-room duplex flat. It comprises a living area, 2 bedrooms and a bathroom on the first level, followed by a lounge and a terrace on the 2nd level.
The San Margot building is currently being refurbished. The 320 m² living space (373 m² floor area) will be divided into 10 new apartments from T1 to T3 for delivery in Q1 2024.
The exterior of the building will be renovated: facades, roofs, joinery and moldings will be refurbished to preserve the building's bourgeois charm.
The apartments will be fitted with new plumbing, electricity, double-glazed windows, heat insulation and soundproofing, in compliance with French standards. Features such as fully-equipped kitchens and tiled bathrooms of all heights add a certain level of comfort to the program.
The project's 10 apartments include three garden apartments with south-facing exteriors of between 60 and 80m2, a duplex with roof terrace, and other apartments, some with exteriors. Private and shared outdoor spaces, 5 parking spaces and 6 cellars are also planned.
The city of Cannes is well-suited to a number of rental markets, including student, seasonal, convention and tourist. For this program, gross profitability ranges from 5.6% (students/tourists) to 10.3% (average full Airbnb yield).
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