Business Assets Restaurant 80m² in Antibes - €672,000

The sale price of the business assets is €672,000, which implies an estimated monthly rent of €5,600 (calculated based on a rental yield of 10% on the sale price). Assuming a provision for charges of 10% of the rent, the total monthly cost would be approximately €6,160.

Estimated monthly rent €5,600 Provision for charges €560 Total monthly cost €6,160

The usual security deposit for business assets is generally one month's rent, which is €5,600. The rental fees are capped at 15% of the annual rent excluding charges, which is approximately €1,008.

Antibes is considered a tense area, meaning that the reference rent is regulated by law. The increased reference rent is €16/m², or €1,280 for 80 m². The estimated rent of €5,600 is therefore above the increased reference rent, which could raise questions during lease renewals.

The commercial lease is generally for 9 years, with a notice period of 6 months for both the tenant and the landlord. The security deposit is one month's rent, and it must be returned within 2 months after the end of the lease, subject to the condition of the premises.

The landlord must provide premises in good condition and comply with safety standards. The tenant is responsible for routine maintenance and rental repairs. Mandatory diagnostics (DPE, lead, asbestos) must be provided to the tenant upon signing the lease.

The tenant has a right to renew the lease unless the landlord justifies a legitimate reason. In case of non-renewal, the tenant may request eviction compensation.

The DPE is classified as D, indicating an estimated annual energy consumption of 231 kWh/m². The annual energy cost for the tenant is estimated at approximately €1,800, based on an average rate of €0.15/kWh.

According to the Climate & Resilience law, properties classified as F or G can no longer be rented. The business assets being classified as D, it is eligible for rental.

Antibes is well served by public transport, with several bus lines and a nearby SNCF train station. The city is also accessible via the A8 motorway, facilitating access to neighboring cities like Nice and Cannes.

The neighborhood offers many amenities, including supermarkets, restaurants, and health services. The proximity to the sea and beaches attracts a local and tourist clientele.

Antibes is renowned for its quality of life, with green spaces, beaches, and a pleasant atmosphere. The constant flow of tourists contributes to the appeal of the area for commercial activities.

Antibes is located in a low seismic zone, but there are flood risks in certain areas. It is recommended to check risk prevention plans before purchasing.

It is essential to check the overall condition of the business assets, particularly the kitchen equipment and electrical installations. A technical audit may be necessary to avoid unforeseen expenses.

In addition to the rent, the tenant will need to consider charges related to the maintenance of the premises, insurance, and any potential repairs. A budget forecast is recommended.

The estimated rent of €5,600 for 80 m² corresponds to €70/m², which is above the market median in Antibes, which is €50/m². This can be justified by the premium location and the establishment's reputation.

Advantages include a strategic location, a local and tourist clientele, as well as a license IV. Disadvantages may include a high rent compared to the market median and potential charges to anticipate.