Cannes – City Centre, Steps from the Palais des Festivals (Off Market)

For Sale, EUR 8,500,000


Property Type : Other Residential

Property Style : N/A

Build Size : 10,042 ft² / 933 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Located on a sought-after street, just a short walk from La Croisette, this fully renovated building — redesigned in 2012 — offers 933 sq m of floor space spread across three levels, complemented by roof-top terraces totalling 238 sq m.
The floors are regularly leased to major international corporations during Cannes' world-renowned festivals and trade shows. Each tenant enjoys a fully privatised space, fitted out to their own standards, combining prestige, exclusivity and an unrivalled central location.
The venue has a capacity of 299 guests.
Operations run primarily from March through October, with an average turnover of €500,000 excl. VAT over the past three financial years, generating a particularly strong cash flow.
A change of use is feasible, subject to a long-term ground lease arrangement with the neighbouring public car park.
The renovation was carried out to the highest standards. A full technical file is available upon request.
More
Cannes – City Centre, Steps from the Palais des Festivals, France is a 10,042ft² France luxury Other Residential listed for sale EUR 8,500,000. This high end France Other Residential is comprised of 0 bedrooms and 0 baths. Find more luxury properties in France or search for luxury properties for sale in France.