INVESTMENT BUILDING – 8 STUDIOS + GARAGE – NICE GAMBETTA / FLEURS
Nice

INVESTMENT BUILDING – 8 STUDIOS + GARAGE – NICE GAMBETTA / FLEURS

Located in the highly sought-after Gambetta / Fleurs area in Nice, in immediate proximity to shops, public transport, and universities, this fully owned building represents a rare investment opportunity combining immediate income and strong value-add potential.

With a total surface area of approximately 220 sqm, the property currently comprises 8 independent studio units, all fully operational with no need for additional subdivision. The current rental income reaches approximately €134,000 per year, split between €38,000 from long-term rentals and €96,000 from short-term rental activity. This setup offers an attractive return while maintaining operational flexibility.

For investors seeking a more secure and stable strategy, a full long-term rental configuration would generate approximately €76,800 per year, based on an average rent of €800 per unit. Alternatively, an optimization strategy including the creation of additional units could allow the development of up to 12 studios, with an estimated annual income of €122,400.

The building also offers several clear value-add opportunities, including a 40 sqm garage with potential for conversion into residential use, as well as convertible attic space allowing for further expansion of the living area. An existing property division statement already facilitates a potential resale of individual units.

This asset is suitable both for investors looking for immediate cash flow and for those aiming to execute a value-add strategy with medium-term resale. Rental demand in the area remains strong, particularly for small units, ensuring long-term occupancy and income stability.

Individual energy ratings range between C and D depending on the units.

Energy rating: C-D – No ongoing legal procedures to our knowledge – Property tax: €2,949

Information regarding potential risks affecting this property is available on the official website: georisques.gouv.fr