This renovated apartment on the 3rd floor is on the prestigious Rue Saint Francois de Paule, opposite the Town Hall and in between the Opera House and the Beau Rivage Hotel. Smartly done is a modern "hotel style", it has been generating excellent holiday rental revenue for the last few years. Hard to get closer to the beach, this makes a solid buy-to-let investment. Sold as a lot of 3 properties,this one, 1 studio and 1 bedroom apartment a with sea view balcony.
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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