This is Your Chance to Own a Large Studio Apartment on the Promenade des Anglais with Private Garden and Save About 8%!

Here’s your chance to save about 8% of the price of a property in France! And, rather than wait months for the transaction to take place, it can happen in just a few days! It is the structure of the ownership of the property that makes this possible. Otherwise, you’d be paying France notarial taxes and fees and going through the long and tedious process of the transaction. In this case, it’s an American company which owns the property and the shares can be bought and sold on the U.S. side without France being involved. This is exactly how Fractional Ownership properties in France are structured. And this is a big savings!

Plus, you as the buyer, could easily sell off some of the shares to your friends! Maybe you have a small group who would like to share in the usage? Now’s your chance to make it happen.

Here’s the scoop…

FOR SALE
Large Studio Apartment on the Promenade des Anglais with Private Garden

99 Promenade des Anglais
06000 Nice, France

Surface loi Carrez totale : 32,75 m2

• Newly Renovated
• Air-conditioned
• Fully Furnished, Furnishings Included
• Sold as US Company to US Buyer (no closing costs) or via France Notarial System (7.5 -8% closing costs*)

Large studio apartment on the ground floor of the building, just to the left of the entry door, south-facing, directly on the Promenade des Anglais with sea view, comprised of a foyer, American-style fully equipped kitchen, bathroom with shower and toilet, built-in retractable queen-sized bed and cabinetry, with a large private garden. Sold fully furnished. Sleeps up to three with an additional fold-out sleep chair.

The bed is one of the apartment’s best features. If you want more space, you can hide it away by easily lifting it and letting it glide into the wall. Miraculously, an Italian-designed comfortable sofa appears so, with the flick of a wrist, you can create a living room with no sign of the bed! When you want the bed again, just an easy pull slowly lowers it down to the floor again. There is no shortage of pillows, linens, comforters, throws, etc. to ensure you sleep soundly.

The bathroom has a shower with both rainhead and hand-held showers, a sink and toilet, plus a special mirror lit from behind for perfect make-up application or shaving without missing a stubble.

Not only can you see the sea from its large glass sliding doors, and from its private garden, but you can step out, walk across the street and be on the beach in a matter of seconds.

Its location is just a few bus stops or tram stops from Place Masséna (dead center Nice), but that’s one reason it’s so appealing—it’s not crawling with tourists and the traffic on that end of the Promenade is minimal. There is a bus stop within steps of the apartment, as is Tramway #2 that takes you to the airport or the Old Port. If you walk into town, along the Prom (which is too heavenly for words), it would only take about 20 minutes. You may never take public transportation because it’s simply too pleasant to stroll along the waterfront, but it’s all there for fast and easy access.

Should you have a car, there is street parking and it’s easy to find a place. There are also public lots nearby.

Meanwhile, the apartment is surrounded by amenities for living a fabulous life on the Riviera—there is no shortage of markets and one of the best “primeurs” (fresh produce seller), “Marché des Dômes,” is just around the corner opposite a Casino Supermarket. The very essential hardware store, “Bricorama,” is next door and there’s a really great café on the corner, “Le Magnan,” across the street from it, where the food and service are excellent. Just down the street from the apartment is the landmark Palais de l’Agriculture, a learned society founded in 1860, the building built in 1900 and a fine example of Belle Epoque architecture.

EVERYONE WANTS TO BE “ON THE PROM!”

In the latter half of the 18th century, the English aristocracy began a practice of spending their winters in Nice, reveling in the picturesque coastal scenery. In 1820, during an exceptionally harsh winter that drove a surge of beggars to Nice from the north, some English residents proposed a unique solution. They suggested that these newcomers could be employed in the construction of a promenade by the sea, known as the “chemin de promenade.” The city of Nice, enticed by the idea of a delightful waterfront walkway, decided to expand the project significantly. Initially referred to as the “Camin deis Anglés” (the English Way) by the locals in their native dialect, it underwent a name change after Nice was annexed by France in 1860, becoming the “Promenade des Anglais.”

The Promenade gained prominence as the setting for the team time trial during the 2013 Tour de France, which took place on July 2, 2013. It also served as the starting and finishing point for the first two stages of the 2020 Tour de France. In preparation for the Paris Olympics, the 2024 Tour de France culminated on the Promenade, a departure from its traditional finish line on the Champs-Élysées.

In the present day, for local residents, the Promenade des Anglais is simply known as the “Promenade” or, in a shortened form, “La Prom.” It is a popular destination for cyclists, skaters, families with baby strollers…especially on Sundays.

For residents and tourists alike, life in Nice is all about the sea and its color! The aqua blue of the Mediterranean in Nice is different than anywhere else—a special blue-green that changes all day long, every day of the year, to the point where just about everyone comes out just to see how it’s changed and take photos! I must have thousands myself.

During the mild weather months, cafés and beach clubs line the Promenade for seaside dining and relaxing. This is where you will want to meet up with your friends and sigh, “This is pure heaven!”

The apartment being directly on the Prom on the ground level is a big advantage! Just like your home is on one level, it’s convenient for anyone, even those who are “mobility-challenged.” The width of the bathroom door is the only aspect deterring wheelchair access, but for those who need or want ease of mobility, this is the perfect answer to avoiding stairs and even elevators that go out of service.

The hedge can be trimmed so that you still have privacy, but you can see the water from the apartment, and of course from the garden. In the garden is a tall table and tall stools so you can have a glass of wine and watch the sunset. There are also two armchairs and a sofa with a table so you can spend time outside whenever you like and however long you like. There is a large wooden plastic-lined storage box to house the outdoor and beach equipment. A blue and white striped awning can be easily rolled out to shade you from all the beautiful south-facing sun. This is a perfect spot to have your morning coffee or “apératif” at dusk, and see the sea and the lovely swaying palms. The garden is filled with Birds of Paradise, which inspired the décor.

The apartment is MISSING NOTHING. It is equipped with electric heat and air conditioning for year-round comfort, but Nice is so nice, that you may not even need it! The fully equipped kitchen includes a two-burner cooktop, full oven and microwave, large refrigerator and dishwasher, plus the apartment has its own washer/dryer combo unit. The bathroom has a shower with both rainhead and hand-held showers, a sink and toilet, plus a special mirror lit from behind for perfect make-up application or shaving without missing a stubble.

*IMPORTANT NOTE:

This property was originally designed as a Fractional Ownership property known as Le Jardin de la Promenade, aka “99 Prom.” Ownership is in the name of a U.S. Non-Profit Mutual Benefit Corporation structured so that shares can be easily bought and sold via the U.S. company without passing through the French legal and tax system. This means that there are no closing costs to pay in France if the shares in the company are purchased—a savings of about 8% of the price of the property!

This also means that a new owner can easily maintain all or only part of the shares as they wish and can be sold to others with an easy and inexpensive transfer of shares!

The price of the property is based on euro value and would be sold in US Dollars at an agreed-upon rate of exchange at the time of the accepted offer. This is a particularly advantageous time to make this purchase as the rate of exchange is very favorable!

The estimated legal cost to manage the transaction by our recommended attorney is $1500-$3500, depending on the exact scope of work. This does not include any income tax reporting advice or tax filings.

MORE INFORMATION:

Nearby Transportation: Buses 12, 32, 62, LR230 + Tramway #2 Direct to the Airport

Amenities:

GENERAL

• Digicode entry system
• Rez-de-Chaussée (Ground Floor)
• Bright, south floor-to-ceiling sliding glass doors, with private garden/patio and sea view

APARTMENT

• Glass dining table with four velour dining chairs
• Chrystal chandelier over the dining table
• Secretary-style desk with two folding velour chairs
• Copier/scanner/printer and desk accessories
• Comfortable queen-sized bed with a convertible sofa system with plenty of storage
• Convertible sleeper-chair
• Two nesting coffee tables
• Flat-screen color TV with satellite channels, including English language channels

KITCHEN

• 2-Burner electric stovetop
• Electric oven
• Dishwasher
• Large refrigerator with freezer
• Microwave
• Toaster
• Nespresso coffee maker and French press
• Milk frother
• Complete array of kitchenware (all cooking utensils, dinner and tableware, serving pieces)

BATHROOM

• Hair dryer
• Rainhead + hand-held shower

MISCELLANEOUS

• Plenty of bed linens, hand, bath and kitchen towels
• High-speed Internet and WiFi
• Cordless telephones (with free calling to over 100 countries) with answering machine
• Iron, and ironing board
• Beach accessories (folding chairs, mats and parasol)

Asking price: 437,700€ ( including agency fees )

Annual Taxe Foncière: 1128€
Annual Taxe d’Habitation: 1655€
Homeowner Insurance: 210€
Utilities: Electricity 528€/year, Freebox Internet/TV/Phone 360€/year
Homeowner Association Dues: 1261€/year

Ref#1199

Contact:

For more information and photos, visit our website, or contact our Adrian Leeds Group Listing Agent—Zerina Serulle
Email or call ‭‭+33 6 16 35 39 34‬

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