Apartment for sale in La Turbie

€ 6.000.000
69 Rue des Hauts de Monte Carlo,
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Overview

  • Updated On:
  • July 20, 2021

Description

A fantastic opportunity to purchase a well located hotel in the charming medieval town of La Turbie in the beautiful Alpes-Maritimes, wonderfully close to the Principality of Monaco. Hôtel Napoléon covers 1,220m2 and boasts 24 private rooms and expansive restaurant space. It has also been granted planning approval to add a further storey, which would allow for 12 extra rooms covering 234m2. With a full refurbishment, remodelling and repurposing of the ground floor amenities, a boutique hotel and highly-desirable hospitality venue could be created.

The hotel, which currently has 3 stars, is ripe for redevelopment, although it is currently a healthy going concern. The spacious building offers a great deal of potential to upgrade existing facilities to provide luxury guest accommodation. The approved expansion permits an extra floor to the building, which would provide space for 10 further standard-sized rooms and 2 large suites. The permission would include 7 terraces being built to accompany these rooms. With the rooms already in place, the refurbishment could follow the current room layout blueprint to reduce refurbishment costs, updating the current interiors to create a more luxuriant atmosphere and facilities.

The ground floor currently hosts the 90-cover restaurant, bar area, and function room but could easily be reconfigured more efficiently to include spa and beauty amenities for both guests and non-guests, thus increasing revenue. The existing interiors could also be updated to create a more polished and sophisticated finish. This is the only hotel in this sought-after town, notably popular with Monégasques. La Turbie offers an unrivalled proximity to key areas; 10 minute drive to Monaco and a 20 minute drive to Nice Côte d’Azur International Airport and the Italian border.

La Turbie offers stunning vistas of the nearby Principality of Monaco, and is an easy drive to Alpes-Maritimes, meaning the hotel is ideal for hikers and skiers year-round. The town is also perfectly-placed for those visiting glamorous events in Monaco, such as the Monaco Grand Prix and the Monaco Yacht Show.

La Turbie also offers its own charming ambience, with picturesque cobbled streets and beautiful coastal views. A popular day-trip from Monaco, the 2,000-year-old Trophee d’Auguste, a monument built by the Emperor Augustus, is a big draw, in addition to Hostellerie Jérôme, a 2 Michelin-starred restaurant attracting a bustling clientele, especially from neighbouring Monaco.

Property Id : 146260
Price: € 6.000.000
Custom ID: Napoleon Hotel
Address: 69 Rue des Hauts de Monte Carlo
City:
Country:
Zip: 06320
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