3 STAR HOTEL IN CANNES WITH PLANNING FOR HOTEL REDEVELOPMENT
UNAVAILABLE
€18,900,000
Cannes, French Riviera, France
Image for illustration purposes only. Does not show the actual property.
Image for illustration purposes only. Does not show the actual property.
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
UNITS
78 (redeveloped)
STOREYS
7 (redeveloped)
INTERNAL AREA
4,000 M2 (redeveloped)
PLOT SIZE
-
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