The city of Nice is located in the centre of the famous Cote d’Azur and as the regions capitol it is one of the most famous cities in the whole of France. It is a vibrant cultural city with a buzzing cosmopolitan atmosphere all year round. One of the highlights of any trip to Nice has to be strolling along the Promenade Des Anglais looking out over the calm blue Mediterranean Sea whilst the city bustles behind you. Nice’s multicultural make-up and its huge appeal to holiday-makers means that the city offers every amenity one could care to think of. Enjoying a multitude of world class restaurants serving food from all corners of the world, cafes, shops, bars and clubs Nice offers activities to keep even the most voracious epicurean appetite. Meanwhile by contrast calm can tranquillity can be found in the traditional old town and port with its daily flower markets, traditional food stalls and relaxed pace of life. The city also enjoys an exceptional climate with an estimated 300 days of sunshine each year.
Location
The Parc Saint Martin development is situated to the west of Central Nice not far from the popular seaside town of St Laurent Du Var. Its excellent location provides easy access to Nice airport which is just 10 minutes away and is also just 1.5 miles from the western beginning of the Promenade Des Anglais, leading into Nice centre and the old town. Access to the rest of the Cote D’Azur is made remarkably simple by proximity of the A8 expressway, whilst travel by TGV express train is also quick and easy. Just a short distance from the development is one of the largest entertainment complexes in the city which offers a cinema, bars, restaurants, bowling and an extensive shopping centre. Also located nearby is the famous Nikaia concert centre where many world famous musicians and artists regularly perform.
The Development
This is the first of two phases of development planned to take place and will consist of 21 high specification apartments ranging between 1 and 3 bedrooms, all of which enjoy private parking and spacious terraces. The development itself enjoys a large swimming pool and is set in extensive landscaped gardens. Interior finishes will be chic and stylish with a choice of interior tiles available allowing buyers to customize the finish of their apartment. The exterior meanwhile has been designed with clean lines and traditional features such as terracotta tiles and ornate balustrades. All apartments in the development benefit from reversible air conditioning to ensure occupants are kept cool throughout the year.
This project is being developed by one of the countries leading developers and is scheduled for completion 3rd quarter 2008. Being new build the development is delivered with a 10 year construction warranty for complete peace of mind and benefits from half price notaire fees.
Transport
Nice is well serviced by a host of cheap flights from all destinations as it benefits from the Cote D’Azur’s largest airport. By train meanwhile the TGV provides quick and easy access to Monaco, Cannes, Juan Les Pins, St Raphael and St Tropez.
Investment
For the investor this is an excellent opportunity for either seasonal or residential lettings. An on site swimming pool, easy access to central Nice and the Promenade Des Anglais and a minimal ten minutes drive from Nice airport all make the Parc Saint Martin development an attractive prospect for holiday makers. Seasonal income especially should be excellent at this property and the extremely reasonable prices of the apartments means that yields and return on cash should be very good indeed.
During 2005 the average increase in value of apartments in Nice was quoted at over 10% by the FNAIM. With even greater accessibility via cheap flight operators and a great deal of investment flowing into the city from both internal and external sources this growth looks set to continue in such a fashion, offering excellent capital gains opportunities to the investor.
