In the Old Town, just opposite the park and next to all the transport links, this two bedroom apartment is on the fourth floor, with lift though there is a flight of stairs to get to it, and is south facing and sunny. It looks onto a charming old building and above you can see the tree-line and the waterfall of the castle hill. It is very quiet so a great retreat from the hustle and bustle of the Old Town. There is a large mezzanine area that can act as a third bedroom. It has been cleverly designed so that one of the bedrooms is actually a self-contained studio, with its own kitchen and bathroom, and the other half has two sleeping rooms and two bathrooms as well as a kitchen. This makes it a super rental property, and you can also rent each half to different students if you want to generate extra revenue that way. Good for either a holiday home or a money maker.
Nice's Old Town, or Vieux Nice, is the historic heart of Nice dating back to the 16th century. The colourful narrow winding streets are full of galleries, markets, and boutiques selling everything from clothes to local produce. As evening falls the cafes, bars and restaurants are abuzz with people enjoying themselves or simply watching the world walk by. It is little wonder that this area is the hottest rental spot.
Advantages for a holiday home
Stay where you will spend most of your time
Great prices and good capital appreciation
Easy to let out when not in use
Very low taxes and monthly charges
Disdvantages for a holiday home
Crowded streets during the summer
Advantages for investors
Right in the heart of all the bars and restaurants
Five minutes walk from the beach
Most desirable spot for tourists, gives best yield
Disdvantages for investors
Busy and can be noisy, not to all tastes
No lift can cut down potential rental clients
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