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Property in France

This property in France has been identified by Property Uncovered as being an exceptional investment opportunity due to its up-and-coming area and its stunning prices.

Property in Nice: Castle D'Azur

  CASTEL D'AZUR - NICE


CONTROL PANEL
City: Nice
Prices from: € 126,000
Completion: December 2008
Local mortgage: available
LTV: 80%
Total units: 92
Available units: 31
Under market value: 15%
Expected capital growth: 12% pa
Letting agent: dedicated local agent
Expected rental yield: 7% gross
Currency: Euro
Advised exit strategy: mid-term
Main feature: Next to the future tram station


OVERVIEW
Red tiled roofs, classic columns and attractive moulding are some of the fine architectural touches that add elegance to this five-storey development, which is part of the project for renovating this whole neighbourhood. It is ideally situated just a couple of steps from St Roch in Nice. There are green spaces located over the underground car park and directly in front of the ground floor apartments.


THE AREA
Castel d'Azur is a great choice for quiet and peaceful living on the Côte d’Azur, while also being with easy reach of the city and its beautiful beaches, shops and restaurants and lively nightlife.

There is something going on nearby all year round, including several music festivals. Close to the St Roch neighbourhood are libraries, schools, the Palais d'Expositions, the Arènes de Cimiez, as well as a stadium and swimming pools.


WHY INVEST IN THE CASTLE D'AZUR RESIDENCE?
- Amazing prices: only 3,000 Eur / sqm, cheaper by 15% compared to any other developments in the area

- Superb location:
  . 2 minutes walking distance to the future tramway station with direct access to the centre of Nice. The tramway will be operating from November 2007.
  . 2 minutes walking distance to the main local supermaket (Leclerc).
  . 5 minutes drive to the "Provencale", the motorway between Italy / Monaco / Nice / Montpellier / Narbonne / Spain

- The builder is owned by BNP Paribas, the biggest bank in France


LOCATION
ADDRESS: CASTEL D'AZUR, 176 ROUTE DE TURIN, 06300 NICE FRANCE


PICTURES OF CASTLE D'AZUR
                             


CHOOSE YOUR APARTMENT
Type Availabilities Useful surface Price (in Euro)
excl. parking space*
2 rooms 10 From 35.6 sqm
to 52.4 sqm
From 126,000 to 183,000 
2 / 3 rooms 2 From 53.6 sqm
to 58.4 sqm
From 189,100 to 194,800 
3 rooms 15 From 50.3 sqm
to 64.8 sqm
From 168,000 to 223,400 
3 / 4 rooms 3 From 75.0 sqm
to 76.7 sqm
From 228,000 to 256,000 
* Outdoor parking space: 7,500 Euros
   Indoor parking space: 13,900 Euros



Ap. number Number of Rooms
Useful Surface Sketches Price (in Euro)
B503 2 rooms
5th floor
49.0 sqm  See the sketch   171 000 
B303 2 rooms
3rd floor
49.0 sqm  See the sketch   165 000 
C104 2 rooms
1st floor
40.5 sqm  Sold  145 000 
B203 2 rooms
2nd floor
49.0 sqm  See the sketch   163 500 
C106 2 rooms
1st floor
35.6 sqm  See the sketch   126 000 
C404 2 rooms
4th floor
52.4 sqm  See the sketch   165 700 
C504 2 rooms
5th floor
52.4 sqm  See the sketch   170 500 
C204 2 rooms
2nd floor
52.4 sqm  See the sketch   165 000 
B605 2 rooms
6th floor
44.1 sqm  Sold  155 900 
C603 2 rooms
6th floor
51.0 sqm  Sold  183 000 
B603 2 / 3 rooms
6th floor
58.4 sqm  Sold  194 800 
B604 2 / 3 rooms
6th floor
53.6 sqm  Sold  189 100 
B001 3 rooms
Ground floor
61.6 sqm  See the sketch   186 700 
B204 3 rooms
2nd floor
62.2 sqm  See the sketch   206 100 
B301 3 rooms
3rd floor
61.2 sqm  See the sketch   197 700 
B405 3 rooms
4th floor
64.8 sqm  See the sketch   189 500 
B602 3 rooms
6th floor
62.1 sqm  Sold  211 100 
B101 3 rooms
1st floor
60.8 sqm  See the sketch   170 900 
B504 3 rooms
5th floor
62.2 sqm  See the sketch   208 500 
B501 3 rooms
5th floor
61.2 sqm  See the sketch   207 000 
B401 3 rooms
4th floor
61.2 sqm  See the sketch   202 000 
C503 3 rooms
5th floor
58.6 sqm  See the sketch   193 100 
C502 3 rooms
5th floor
56.6 sqm  See the sketch   176 100 
C303 3 rooms
3rd floor
58.6 sqm  See the sketch   168 000 
B607 3 rooms
6th floor
64.8 sqm  Sold  223 400 
C604 3 rooms
6th floor
50.3 sqm  Sold  174 200 
C602 3 rooms
6th floor
56.6 sqm  Sold  192 100 
B302 3 / 4 rooms
3rd floor
76.7 sqm  See the sketch   228 000 
B502 3 / 4 rooms
5th floor
76.7 sqm  Sold  234 100 
C605 3 / 4 rooms
6th floor
75.0 sqm  Sold  256 000 


PAYMENT SCHEDULE

Action Payment Date
Signature of the pre-contract 35% September 2007
Groundwork + Ground to third-floor structure 20% October 2007
Finishing of the 3rd floor base 10% November 2007
Ceiling laid 5% May 2008
50% of the walls completed 10% July 2008
50% of the tile work completed 10% September 2008
Completion of the building 5% November 2008
Handing over the keys 5% December 2008


Important! Due to the small number of apartments in the development, please express your interest as soon as possible to Property Uncovered.


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