At 400m away from Place des Vosges and 1 min walk from Bastille metro station, this high-end and fully furnished studio for sale, of 35 sqm with a 9m long balcony, is located on the 5th floor of a late 19th century building and is accessible by lift.
Fully renovated in summer 2016, the west-facing property enjoys light-filled interiors thanks to three large French doors. It also benefits from beautiful views over the roofs of Paris including the spire of Church St Paul and a glimpse of Place des Vosges from the balcony.
In addition to the interior living space of 35 sqm, there is 1 sqm extra space just on the other side of the landing floor with the boiler where owners will have the possibility of adding a washing machine. The finishes are of high quality with hardwood parquet flooring, granite kitchen countertops, Gerberit toilets and air conditioning, a rarity in Paris. A parking space is available for an additional cost. Very well located in a quiet street on the back of the courtyard, this studio can also be transformed into a one-bedroom apartment by dividing the space with decoration or shelves.
A step away from the Place de la Bastille and the opera, the property is today rented on Airbnb for the price of €150 per night and is mostly occupied during both winter and summer. It can consequently provide great rental income of between €1,500 and €3,000 a month.
The neighbourhood of Bastille and Boulevard Beaumarchais is an up-and-coming area with lots of high-end retailers and chic boutiques opening up. The 4th arrondissement is one of the oldest quarters in Paris and one of the most popular areas among tourists. It is the true heart of Paris and houses some of the most iconic monuments of the city like the Hôtel the Ville.
Moreover, with property prices reaching record levels of up to €15,000/sqm in the French capital, as a result of an impressive growing demand for high-end properties and several other factors (eg. a new presidential election, Brexit and low interest rates), buying properties in this prestigious district of Paris ensures great capital gain.