This 2nd floor one-bedroom apartment in the luxury Goldstar building is in the heart of the Carre d'Or and five minutes walk from the beach. The apartment is in great condition, with wood paneling and marble flooring everywhere. There is a good size living room, small separate kitchen, a bedroom, a large bathroom with corner bathtub/shower, and a separate toilet. It is south facing and has a clear unobstructed view, and is very quiet.
The Goldstar resort is rated 4* on Tripadvisor with a "Certificate of Excellence". Owning one of their premiere suites obviously makes a great rental investment. The hotel pays the owner €12,000/year (€10,000 net after tax) plus the owner gets 10 days usage per year free, and this is guaranteed for the next 9 years after which the owner has a choice of negotiating a new lease or recovering the freehold. A very solid investment in uncertain times.
Click here to learn about Carre d'Or
The Carré d'Or, or "Golden Square", is prime Nice real estate. It is full of chic bars and designer stores, and nowhere is more than 5 minutes walk to the beach. One of the most rentable areas in Nice, it is a favourite with investors and those seeking a pied-a-terre.
Advantages for a holiday home
- Next to the beach, bars and restaurants
- Easy to resell when time to upgrade
- Can rent out summer and use spring / autumn
Disdvantages for a holiday home
- Communal areas often average
- Less size for your money
Advantages for investors
- Most popular rental area
- Next to the beach
- Surrounded by shopping and restaurants / bars
Disdvantages for investors
- None, but get a balcony if possible