The Marché Forville Duplex Penthouse is a rare opportunity to acquire a fully renovated duplex penthouse at the top of two adjoining buildings in the heart of Cannes — steps from the Marché Forville food market, the historic old town of Le Suquet, and the iconic Croisette. The property is offered as eight ownership shares (1/8) and is designed for a combined strategy of private use and high-yield vacation and congress rental. The project covers full renovation, interior design and launch of rental operations.

The property is a very large  Duplex penthouse — condominium over 2 floors with a total living space of 190m2plus a south-facing terrasse of 30m2.

The renovation project is focused and well-defined. It primarily covers the following main activities:

•  3rd floor — bedroom section. The floor is converted into four bedrooms fitted out as suites, each with its own bathroom. The bedroom section has its own private entrance via the staircase, keeping it completely separate from the living floor — a significant advantage when the apartment is used for corporate purposes, receptions and similar events.
• 4th floor — living and master level. The floor is converted into one master bedroom with en-suite bathroom, a large open kitchen and a living room with direct access to the south-facing terrace. The mezzanine at the elevator entrance is removed to open up the view to the original ceiling beams.

Low construction risk · No load-bearing walls are moved during the renovation. The project therefore does not involve significant structural or construction-technical risks — a notable strength compared with typical renovations of the same scale. 4–5 star hotel standard · The entire apartment is brought up to a quality, material selection and finish that matches the upper end of the international hotel segment. This supports premium pricing during the rental phase and the subsequent exit value.

Estimated gross income

Cannes has a year-round tourism economy dominated by international congresses, festivals and luxury tourism. The penthouse’s size, location and terrace make it ideal for premium short-term rentals.

CONSERVATIVE BASELINE — USED IN RETURN CALCULATION is 200.000 €

The estimates are based on market rents in central Cannes and the strong demand during the city’s major annual congresses. The figures are gross income before operating costs, cleaning and platform fees. The 300,000 € figure represents total potential at full occupancy across all relevant periods; the return calculation in the ‘Return on Investment’ section is based on a conservative baseline of 200,000 € to provide a realistic view.

Estimated exit value

After renovation and 3–5 years of documented rental operation, the property is expected to achieve a market value of 3,000,000 €, equivalent to approx. 15,800 € per m² — a level that is actually below what one would expect for a property of this standard, location and configuration. There are only a handful of duplex penthouses in central Cannes that combine a large south-facing terrace, a separate bedroom section with private entrance, and direct elevator access to the floor.

This rare combination of features makes the 3 million € sale price a very realistic — and conservatively estimated — target.

ROI

Total 5-year return per 1/8 ownership share:

• Investment per share:                                              282.500 €

• Year 1 net cashflow per share:                                     15.438 €

• Cumulative cashflow per share (5 years):                    85.302 €

• Capital gain per share at exit:                                     92.500 €

• Total return per share (5 years):                               177.802 €  +62,9 %

The calculation is an illustration of the potential under the stated assumptions and does not constitute an offer, a guarantee or a recommendation. Actual returns will depend on occupancy, pricing, exchange rates, tax conditions and developments in the property market. Investors are advised to review the assumptions, structure and tax implications with their own accountant and/or lawyer before making a decision.

Location: Marché Forville — Cannes

The apartment sits at the top of two adjoining buildings directly above Marché Forville — Cannes’ historic food market and one of the city’s best-loved meeting places. From the terrace you see Le Suquet, the old town with its church tower and fortress, and there is a view of the sea. The Croisette, Palais des Festivals and the beaches are all within a few minutes’ walk. Parking · A public parking garage is less than 2 minutes’ walk from the apartment — a significant advantage in central Cannes, where parking is otherwise a scarce resource.

Marché Forville is currently undergoing a major redevelopment. When the project is completed, a new green urban space with planting, trees and seating areas will open up below the apartment — a significant value enhancement for the entire neighbourhood, directly visible from the terrace.

TERRACE · BEFORE RENOVATION

The terrace is approx. 30 m², south-facing, with a magnificent view of Le Suquet, looking down over Marché Forville and out to the sea. It is built on top of the roof of the apartment below, which means there are no safety concerns (fall risk) during events — a significant asset when renting to congress guests and weddings.

UPPER FLOOR · BEFORE RENOVATION

Living room, terrace and view The upper floor comprises a large living room with double-height ceiling, exposed beams and direct access to the south-facing terrace. The light is exceptional, and the stone fireplace gives the room character. The mezzanine will be removed to open up the ceiling, and the current entrance area will be converted into an open kitchen with a two-sided fireplace.

LOWER FLOOR · BEFORE RENOVATION

The lower floor — located beneath the living room and terrace — is being converted into four bedrooms, each with its own bathroom. The rooms have good windows and a small north-facing balcony. No properties are immediately adjacent to the apartment, which ensures quiet, privacy and good natural light.

The current kitchen on the lower floor will be removed and converted into a bedroom, while the existing large bathroom with whirlpool bath will be modernised into a suite layout.

THE APARTMENT · AFTER RENOVATION

The following pages present a series of AI-generated visualisations of the apartment after the planned renovation. The images give an impression of the style, quality and atmosphere we aim for — with exposed ceiling beams preserved, light walls, natural materials and premium furnishings matching a 4–5 star hotel.

Timeline and execution. The renovation itself is expected to take approximately 3 months from start to handover. Through many years of local presence in Cannes, Cannes Global Homabase has built a well-established network of craftsmen, suppliers and specialised partners — from architects and engineers, electrical and plumbing firms, to carpenters and furniture and material suppliers. This ensures that the project can be carried out efficiently, on time and to the desired quality — and that the apartment can be brought into rental operation quickly after handover.

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