SOLD OUT
Cannes
Mandelieu - Leaseback
This programme has been launched very recently and is in our opinion one of the most remarkable leaseback schemes available on the Côte D'Azur. The low rise development offers a tranquil, rustic atmosphere just minutes from the sea and the glitter of Cannes.
At the moment there is a hotel on the site, which is adjacent to Mandelieu town centre and the Cannes/Mandelieu Golf club (Old Course). The Golf Club de Cannes-Mandelieu is also nearby. The hotel is situated in a nature reserve of more than 7000 square metres, on what is effectively an island on the River Siagne.
The area is crossed by numerous footpaths leading to the 2 golf courses, the Port de Cannes Marina and the sea about 700 metres away. There is a landing stage, boats are berthed along the river bank edge of the property and it is possible to walk along the river bank to the sea, or take a boat.
The existing buildings will be refurbished and extended to provide 38 low rise apartments with a large, well positioned pool and underground parking, all surrounded by established wooded gardens. It will then be designated a 4 star Residence de Tourisme.
All the apartments will be completely refurbished (or new) with personalized décor and furniture designed to complement the style of the residence. The kitchens will be fully equipped.
There are large studios available from around 150,000 euros. Although technically studios they have high, vaulted ceilings, a large terrace and separate kitchen with a door onto the garden, plus separate WC so they seem more like little houses.
There are also 2 bed/2 bathroom units - split level for around 240,000 euros with terrace or garden access.
Plus 3 bedroom split level with terrace for around 300,000 euros.
You purchase with sole ownership and an 11 year lease with Floreva – whom we recently recommended with a Nice leaseback scheme in collaboration with Citadines (now sold out).
Floreva find the tenants
There are no maintenance charges or other running costs for you to pay
You can stay in the residence reserving 2 or 4 weeks either by forgoing rent for the period or by taking advantage of preferential rates and retaining your rental revenue.
When your lease expires you take free possession of the property without any expense or formality. Or you can continue to let it on the basis of a new lease
