€149,000

20m² 1 bedroom
This delightful renovated 20 m² studio on the 4th floor WITH lift, is 30 seconds away from the sea, the Cours Saleya and Place Massena. It could not be more in the heart of the action! Currently rented as a student let from September to the end of June for 650€ per month, during peak season it is rented at 600€ per week. A great little money maker. The owner makes an average of €14,000 per year income. The building is in excellent condition, as are the common areas.
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Old Town
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