Apartment/commercial premises. 7 rooms, 106 m² - sold tenanted. 2nd floor of 3. 7 beds, 3 showers an
Apartment · Côte d'Azur, France
€685,000
The Basics
Our Analysis
Priced 26% above the local sale average of €5,116/m² based on 6613 sales in 2024. This is a strictly financial play in the heart of Nice, operating more like a commercial yield product than a residential property. The genuine merit lies in the passive nature of the current commercial lease, but the long-term reality is a densely partitioned space (7 rooms in just 106 m²) that would require a total gut-renovation to ever function as a standard home. It is realistically for a seasoned investor looking for a hands-off, tenanted asset in a prime location, rather than someone seeking a future residence.
The Verdict
Suited for
Less suited for
What this home offers
Location















Côte d'Azur / Alpes-Maritimes, Alpes Maritimes (06)
Financials
Price Fairness
How the asking price compares to local market data
Priced 26% above the local sale average of €5,116/m², based on 6613 sales in 2024.
What It Costs to Own
Estimated monthly and upfront costs based on your buyer profile
Upfront
~€268,520
Monthly
~€3,320 /mo
Realistically required investment
Estimated over 5–10 years
€39,750–€106,000
~6–15% of property value
Most buyers underestimate this by ~30–50%
Rental potential
Estimate how much you could earn renting this property — as a holiday let, B&B, or separate units.
Things to know
Things to know
Legal considerations
Good to know
Location & environment
Living here
What daily life looks like in this area
Life here is entirely urban; everything in Nice is reachable via the nearby tramway or on foot. Expect high pedestrian traffic and city noise given the central location.
About this area
Local market
Nearby services
Internet connectivity
Best available speed: >1 Gbps
Source: ARCEP, commune-level statistics (2025-12-31)
Environmental risks
Source: Géorisques, Min. Transition Écologique · View official report
Safety & crime
Interpreted from official police & gendarmerie records
Source: SSMSI 2022 · 353,701 inhabitants · Compared against department averages
Next Steps
Questions to ask and documents to request
Key things to clarify before making an offer
Questions to ask
- What is the exact end date of the current 3-6-9 commercial lease?
- Does the 'règlement de copropriété' explicitly allow for the conversion of this unit back into a single residential dwelling?
- Are there any major works (ravalement, roof, lift) voted in the last General Assembly?
Documents to request
- Commercial Lease Agreement (Bail Commercial)
- Last 3 years of Co-ownership General Assembly minutes (Procès-verbaux d'assemblée générale)
- Full Diagnostic Immobilier (DDT) including asbestos and energy rating
This report is generated from listing data and regional knowledge. It is not a substitute for a professional survey, legal review, or in-person visit.
Characteristics
Details
- Property Type
- Apartment(s)/flat
- Status
- Good/some renovation
- Total living m2
- 106 m²
- Plot size m2
- 3 m²
- Grounds HA or legal
- Grounds 0-1 HA
Room information
- Bedrooms
- 7
- All bathrooms
- 4
About Côte d'Azur / Alpes-Maritimes, Alpes Maritimes (06)
Local highlights, dining & things to do nearby
Why Côte d'Azur / Alpes-Maritimes (06)
The Côte d’Azur, or French Riviera, remains one of the world’s most prestigious real estate markets. For a foreign buyer, the Alpes-Maritimes department offers a unique "sea and ski" proposition: you can enjoy the Mediterranean coastline in the morning and reach Alpine ski resorts like Isola 2000 in ninety minutes.
Investors are drawn by the high liquidity of assets and a robust rental market. Whether it is a "pied-à-terre" in Nice, a luxury penthouse in Cannes, or a quiet retreat in the hills of Mougins, the region maintains its value better than almost any other Mediterranean destination. The mix of glamour, world-class infrastructure, and preserved Provencal charm creates an enduring appeal that transcends market cycles.
Climate & Lifestyle
The region boasts over 300 days of sunshine per year. Summers are hot and dry, while winters are remarkably mild, often allowing for outdoor dining even in January.
The lifestyle rhythm is dictated by the seasons. July and August are high-energy, crowded, and vibrant. In contrast, the "arrière-saison" (September and October) is a favorite for locals, offering warm waters without the crowds. Local culture revolves around the marché (open-air markets) and long lunches. Expect a diet rich in olive oil, chickpeas (socca), and fresh seafood. While the coast is fast-paced and international, moving just five miles inland to villages like Valbonne or Vence reveals a slower, more traditional French pace of life.
Getting There & Around
The Nice Côte d’Azur Airport (NCE) is the third busiest in France, offering direct flights to major US hubs, Dubai, and all of Europe.
- Public Transport: Excellent. The regional train (TER) runs along the coast from Italy to Marseille, stopping at every major seaside town (Monaco, Antibes, Cannes). Nice also has a modern tram system connecting the airport to the city center for less than €2.
- Driving: The A8 autoroute is the main artery. While well-maintained, it suffers from heavy congestion during rush hour and summer weekends. Parking in older towns can be a nightmare; always prioritize buying an apartment that includes a "garage" or "place de parking."
Practical Living
Daily life for foreigners is relatively seamless compared to rural France.
- Healthcare: World-class. The CHU (University Hospital) in Nice and private clinics in Mougins and Cannes are excellent.
- Education: Unlike many regions, there is a high density of international schools (e.g., ICS Côte d’Azur and Mougins School).
- Connectivity: High-speed fiber optic internet is widely available in urban areas.
- Logistics: Supermarkets range from high-end Monoprix in city centers to massive Carrefour hypermarkets in the suburbs. English is widely spoken in the service industry, though French remains essential for administrative tasks.
Property Considerations
Apartments in the 06 department generally fall into two categories: "Bourgeois" (19th-century stone buildings with high ceilings) and "Résidences de Standing" (modern blocks with terraces and pools).
Watch out for:
- Condo Fees (Charges de Copropriété): Apartments in residences with pools, elevators, and "gardiens" (concierges) can have very high monthly fees.
- Humidity: Older stone buildings can suffer from rising dampness if not properly ventilated.
- Asbestos/Lead: Mandatory diagnostic reports (Dossier de Diagnostic Technique) will flag these, but they are common in pre-1997 buildings.
- Air Conditioning: Many older "copropriétés" have strict rules against installing external AC units on facades to preserve aesthetics. Check the building regulations (Règlement de Copropriété) before buying.
- Renovation: Costs are high in the south. Expect to pay €1,200–€2,000 per sqm for a high-quality renovation. Skilled tradespeople (artisans) are in high demand and often booked months in advance.
Buying as a Foreigner
France has no restrictions on foreigners buying property. The process is handled by a Notaire, who acts for the state to ensure the title is clear.
- Compromis de Vente: The initial contract. Once signed, you have a 10-day cooling-off period.
- Deposit: Usually 5–10% held in a notary escrow account.
- Completion: Usually takes 3–4 months.
Costs: Budget approximately 7-8% of the purchase price for "notary fees" (which are actually mostly transfer taxes) for older properties. New builds (under 5 years) have lower fees of around 2-3%. Pitfall: Be wary of "hidden" costs like the Taxe Foncière (property tax) and Taxe d’Habitation (though the latter is being phased out for primary residences, it still applies to second homes).
Community & Expat Life
The Alpes-Maritimes is one of the most international pockets of Europe. You will find massive British, Scandinavian, Italian, and American communities.
- Integration: In Nice or Antibes, you can survive entirely in English, but you will miss the "soul" of the region. Joining a local club de pétanque or attending village fêtes is the fastest way to gain respect from neighbors.
- Attitudes: Locals are accustomed to foreign buyers, but there is occasional frustration regarding rising property prices. Being a "good neighbor"—learning basic French greetings and supporting local shops—goes a long way.
- Socializing: Groups like "Anglo-info" or "British Association" are active, but the best way to meet people is through hobby groups (hiking/randonnée is huge here).
Safety & crime
Interpreted from official police & gendarmerie records
Source: SSMSI 2022 · 353,701 inhabitants · Compared against department averages
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