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Boétie

8th arrondissement - Paris

3

€1.665m

This apartment with a traditional Parisian stone facade is located on a beautiful street in the 8th arrondissement, near the Place Saint-Augustin and the Faubourg St Honoré. Without a doubt, the most exciting aspect of this apartment is its superb location. It is situated just a stone’s throw from the Avenue des Champs Elysées, one of the finest high-end shopping streets in the world. Close to all amenities, the apartment is also a few steps away from two metro stations. 

The apartment

This apartment is located in a magnificent building dating back to 1912 which is built in a timeless Parisian style and equipped with a lift. The entrance of the building is impressive with an internal courtyard and a preserved traditional staircase with wrought iron details. The building exudes Parisian charm and the apartment in itself is no exception as it boasts classic interiors with high moulded ceilings of 3.5m, moulded walls, majestic glass doors and parquet flooring throughout. Spread over 170 sqm, this apartment for sale in Paris is located on the second floor and comprises an entrance hall, a living room, a dining room, a kitchen and three bedrooms. The living room ticks all the boxes of a quintessential Parisian interior with a fireplace, a magnificent chandelier and beautiful details on the walls and ceiling. There is a separate fitted and equipped kitchen too. All of the bedrooms are well-lit and some of them have fireplaces or large glass doors opening onto balconies. 

The apartment comes with a private cellar and there is a concierge in the building. 

Investment potential

This apartment has a special status that allows buyers to purchase the apartment without occupying it straight away. This specific status called “nue propriété” which means that the current tenant will occupy the apartment until they pass away. The advantage of this type of contract is that you purchase the property at a lower price to compensate for the fact that you can’t enjoy your apartment straight away.

This beautiful property is a fantastic opportunity for a family as there are three bedrooms with the opportunity to transform the dining room into an additional bedroom. The estimated rent for this apartment as it is now is up to €5,500 per month, which makes it a great buy-to-rent opportunity.

Location

Though the 8th arrondissement is often synonymous with shopping, there is plenty more to see and do. Bookended by the iconic l’Arc de Triomphe and the Place de la Concorde, the 8th arrondissement is home to some of the city’s most emblematic landmarks such as Église de la Madeleine, the Champs Elysées and Le Grand Palais. It is also one of the major business centres in the capital. 

A true paradise for foodies, the 8th arrondissement is rightly proclaimed the haute-cuisine capital of the city thanks to its plethora of Michelin-starred restaurants. 

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