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Sale Apartment Monaco 2 Rooms 42 m²
apartment 2 Rooms for sale on MONACO (98000)
apartment 2 Rooms for sale on MONACO (98000)
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Sale Apartment Monaco 2 Rooms 42 m²

1,400,000 €
  • 2 Rooms
  • 1 bedroom
  • 42 Total surface
  • 1 bedroom
  • 42 Surface Living space
Ref. MC2-687

La Condamine, 2-room flat "under law" for sale

The Condamine is the most typical area of the city with the Rocher. There, down the Princes’ Palace and only a few steps from the Port Hercule where all international events including the Formula 1 Grand Prix take place. This district consists of lovely old-style houses dating from the beginning of the XXth century and modern building as the Palais Héracles, Shangri La, Monator… New developments were also erected there – as the Winch or the 45 – close to all shops, restaurants and with a quick access to Fontvieille and the Carré d’Or.

This 2-room flat is ideally located. It is bright and consists of a living room, a bedroom, a kitchen, a and a shower room. The apartment is to renovate, its price is very interesting. With great potential, it would be an ideal pied-a-terre and comes with a cellar.

This apartment is “under law”: it can be purchased by anyone. However, should the owner wish to rent it, he will have to go through the Direction de l’Habitat, State entity which controls the apartments for nationals and “enfants du pays”, local citizens born in Monaco. In order of priority, the tenant will be either Monégasque or “enfant du pays”. The rent will also have to be controlled by the Direction de l’Habitat and could not be decided by the owner as it would be the case for an apartment of the free/open market. The lease will have to be for 6 years.

The interesting aspect of this apartment is not the rental investment, but the possibility to become a Monaco owner in buying an apartment at an interesting price, most of the time around 35.000€ per sqm. These flats are located in charming residences built before 1947, with high ceilings and pleasant atmosphere.

Our real estate agency Monte-Carlo Sotheby’s International Realty is happy to propose a selection of apartment under law and for investment in Monaco.

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Sale Apartment Monaco 2 Rooms 42 m²
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    General description

  • Property type : apartment
  • Total surface : 42 m²
  • Living space : 41 m²
  • Rooms : 2
  • Bedrooms : 1
  • Shower room(s) : 1

    Environment

  • City : Monaco (98000)
  • District : Port, Condamine
  • View : on street
  • Nearby : Shopping mall , City center , School , Sea , Beach , Port , Shopping street , Pedestrian street
  • Transport : Bus

    Additional description

  • Year of construction : 1900

View the location of the property

Monte-Carlo
  • Office
  • Monte-Carlo
  • Sotheby's International Realty
  • Les Arcades du Métropole
  • 2a, Avenue de Grande Bretagne
  • 98000 Monaco
  • Monaco principaty
  • +377 93 25 37 27

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