BARE OWNERSHIP WITH RESERVATION OF USUFRUCT
The seller lives in his apartment for the rest of his life: he sells the bare ownership and retains the usufruct.
Apartment in the Grand Duc estate, luxury estate benefiting from a privileged guarded and secure setting close to shops and the city center. The estate extends over 100 hectares between the Bay of Cannes and the Esterel massif. 24-hour security service with video surveillance - swimming pool, tennis court - gym.
T3 apartment on the ground floor of a 3-storey building - quiet, bright, magnificent view of the sea, the Lérins Islands, the Tanneron massif facing South/East Apartment in excellent condition consisting of a large living room of 28m2 with open kitchen (6.5m2) opening onto a beautiful terrace facing the sea, 2 bedrooms, 2 bathrooms, air conditioning - a cellar and a large garage of 18m2 complete this property.
Financial Items:
Due to the fact that a 72-year-old gentleman has occupied the property for a lifetime, the property is offered with a cash of €282,000 including agency fees. Immediate gain of 43% on the value of the freehold.
There are no financial hazards: property tax, co-ownership fees and the vast majority of the work remain the responsibility of the usufructuary. Notary fees are reduced.
The seller lives in his apartment for the rest of his life: he sells the bare ownership and retains the usufruct.
Apartment in the Grand Duc estate, luxury estate benefiting from a privileged guarded and secure setting close to shops and the city center. The estate extends over 100 hectares between the Bay of Cannes and the Esterel massif. 24-hour security service with video surveillance - swimming pool, tennis court - gym.
T3 apartment on the ground floor of a 3-storey building - quiet, bright, magnificent view of the sea, the Lérins Islands, the Tanneron massif facing South/East Apartment in excellent condition consisting of a large living room of 28m2 with open kitchen (6.5m2) opening onto a beautiful terrace facing the sea, 2 bedrooms, 2 bathrooms, air conditioning - a cellar and a large garage of 18m2 complete this property.
Financial Items:
Due to the fact that a 72-year-old gentleman has occupied the property for a lifetime, the property is offered with a cash of €282,000 including agency fees. Immediate gain of 43% on the value of the freehold.
There are no financial hazards: property tax, co-ownership fees and the vast majority of the work remain the responsibility of the usufructuary. Notary fees are reduced.