Warehouse 3 rooms 99 m² for sale Cannes - €139,999

The listed price for this warehouse is €139,999 for a surface area of 99 m², which gives a price per m² of €1,414.14 (calculated from the listed price and declared characteristics). In the Cannes market, the median price per m² for similar properties is estimated at around €1,600 (source: DVF DGFiP, 2023). This property is therefore offered at a price 11.6% lower than the sector median.

Over the last 12 months, prices for industrial spaces in Cannes have shown a rising trend of 3% (source: Notaires de France, 2023).

This space is located near rue d'Antibes, a dynamic shopping area. The geographical positioning is an asset for commercial or storage use, although the property is in the basement, which may limit access and visibility. Advantages include easy access for deliveries and minute parking, facilitating logistical operations.

For a purchase at €139,999, notary fees, estimated between 7% and 8% for an older property, would amount to approximately €9,799 to €11,200 (estimate based on average public data in the sector). The total acquisition cost would therefore be between €149,798 and €151,199.

Assuming a loan at an average rate of 3.4% over 20 years with a 10% down payment (i.e., €13,999), the monthly payments would be approximately €763 (calculated based on a loan simulator).

If this space were rented, the gross rental yield could be estimated at around 8% per year, based on monthly rents of €900 (estimate based on sector rents). The net rental yield, after deducting charges (approximately 20%), would be around €720 per month, or €8,640 per year, giving a net yield of 6.2%.

The Energy Performance Diagnosis (DPE) is not specified in the source. However, for an industrial space, it is generally expected to be classified between C and E. In case of renovation to improve the energy class, the estimated cost could vary between €5,000 and €15,000 (indicative range based on current professional scales).

Available aids for energy renovation include MaPrimeRénov' and Energy Savings Certificates (CEE), which can cover up to 50% of costs depending on the work done.

The space is located in close proximity to rue d'Antibes, which offers many shops and services. Public transport is accessible with several bus lines within less than 5 minutes on foot. Cannes train station is about 1.5 km away, facilitating travel to Nice and other major cities.

In terms of demographics, Cannes is a dynamic city with a median household income of around €30,000 per year (source: INSEE, 2023). The quality of life is generally considered high, although the proximity to rue d'Antibes may result in a certain level of noise.

The property is located in an urban area, with low flood risks according to Géorisques data. However, it is important to check local regulations regarding the commercial use of basement spaces, particularly concerning safety and accessibility.

Regarding the PLU (Local Urban Plan), it is advisable to consult urban planning documents to ensure that the intended activity complies with current rules. Mandatory diagnostics, such as asbestos and lead, must also be provided by the seller.