3 STAR HOTEL IN CANNES WITH PLANNING FOR HOTEL REDEVELOPMENT
Cannes, French Riviera, France
FOR SALE
€18,900,000
INVESTMENT OPPORTUNITY
FOR SALE: the existing 3* Hotel (22 keys / 600 M2) in its current state in CANNES, French Riviera with the Redevelopment Potential.
PROPERTY TYPE
HOTELS & RESORTS
INTERNAL AREA
4,000 M2 (redeveloped)
UNITS
78 (redeveloped)
PLOT SIZE
-
STOREYS
7 (redeveloped)
BUILT
-
PROPERTY DETAILS
LOCATION
Located in the city center of Cannes, close to the beach; approximately 34 km from the Nice center, about 26 km from the Nice airport, and 6.4 km from the Cannes-Mandelieu airport.
AREA
The sophisticated City Center is located within the bay of Cannes and includes swanky palm-fringed beaches, the Croisette promenade with the chic Belle Epoque apartments and the iconic Hotel Martinez.
The Cannes Film Festival takes place in May in the Palais des Festivals, a modernist building overlooking the quays. International designer boutiques and art galleries rub shoulders with the restaurants and open-air cocktail bars around Rue d'Antibes.
THE HOTEL REDEVELOPMENT PROJECT
The Hotel Redevelopment project includes the demolition of the existing Hotel and the Construction of a New Hotel comprising 7 Floors; 78 rooms, each room with a balcony; and a Roof Terrace across the total area of approximately 4000 m2.
Estimated build costs are 9,200,000 € at 2300€ / 1 m2 subject to developer's finish (exclusive of the purchase price).
Price €18,900,000 HAI
Please be advised that a Letter of Interest and the Proof of Funding will be required from the potential investor to provide further information.
PROPERTY LOCATION
Cannes, French Riviera, France
