Description
Reference: VT120
Very rare property 5 minutes drive from Monaco.
Huge potential!
Current villa: 280m²
Land: 3,500m²
Significant residual constructibility - 2 possible projects:
• Extension: + 977m² living space + 524m² garage for a total floor area of 1,780m²
or
• Demolition-Construction: 1,070m² living space + 400m² garage for a total floor area of 1,470m²
Figures:
• Market value after extension or construction: 16M€-18M€
• Estimated cost of the work: 6M€
• Residual value of the land: 10M€-12M€
• Asking price: 5.9M€
Specifications:
• Direct neighbour of the very prestigious property "Le Château Balzan" (for sale @300M€!)
• Absolute calm and birdsongs
• Zero vis-à-vis
• Complete privacy
• Dead end road
• Full brightness
• Magnificent sea, Mala beach and nature views
• Guaranteed views because classified wooded area
