Marseille 8ème, Housing estate for sale

CONFIDENTIAL SALE – EXCEPTIONAL 19TH-CENTURY HERITAGE BUILDING AND COMMERCIAL PREMISES – MARSEILLE PRADO

BARNES is delighted to present exclusively this exceptional 19th-century heritage building, entirely renovated to the highest standards.

An iconic address. Preserved architectural heritage. A rare real estate investment opportunity.

A PRIME LOCATION

The prestigious lower section of Avenue du Prado enjoys a particularly desirable and vibrant urban environment, within immediate proximity to numerous shops, restaurants, services and iconic destinations in southern Marseille.

Located in the heart of the highly sought-after and dynamic Prado district, this remarkable heritage building offers approximately 1,000 sqm distributed over four levels.

Inspired by Haussmannian architecture, the property has undergone a comprehensive renovation, carefully designed to preserve and enhance its architectural identity and refined bourgeois character while incorporating contemporary standards of comfort and quality.

The building reflects an era when Marseille's architecture placed particular emphasis on elegant façades, harmonious proportions and sophisticated architectural detailing.

The façade has been entirely restored, while the communal areas and all interior spaces have undergone extensive refurbishment.

A RARE AND VERSATILE REAL ESTATE ASSET

Offering approximately 1,000 sqm across four floors, together with an adjoining street-front commercial unit and a warehouse to the rear, the property presents a wide range of potential uses.

Corporate headquarters, prestigious offices, professional practices, commercial activities, residential accommodation or mixed-use development: the configuration and substantial floor area provide considerable flexibility for different investment and operational strategies.

Its distinctive architecture also represents a valuable asset for a company or brand seeking a prestigious address and a property with strong heritage appeal.

The rear warehouse offers additional redevelopment potential for property investors and developers, subject to the necessary planning permissions.

Depending on the applicable development rights and planning regulations, a building height of approximately 16 to 25 metres may be achievable on the rear section, potentially allowing for the creation of significant additional floor space.

This property represents one of the remaining large-scale real estate development opportunities in this sought-after area of Marseille.

COMMERCIAL PREMISES AND REAR WAREHOUSE

The property complex includes:

Street-front commercial premises on Avenue du Prado: approximately 350 sqm

Rear warehouse arranged over two levels (ground floor and first floor): approximately 1,050 sqm of ground footprint

Vehicular right of way providing access to the rear, with potential for parking spaces and garages

THE HERITAGE BUILDING

The building features a majestic entrance hall with a recently installed and regularly maintained lift, access to the cellars and an elegant staircase.

All communal areas are in excellent condition, having been entirely renovated.

The building comprises four levels, with apartments that have benefited from recent high-quality renovations, combining prestigious finishes and contemporary amenities with the charm of period architecture.

Each apartment offers a refined balance between the timeless character of bourgeois architecture and elegant modern interiors, with generous, light-filled living spaces.

FIRST FLOOR – APPROXIMATELY 390 SQM

Currently configured as a law firm, comprising:

Several independent offices

Reception area

Waiting room

Archive and storage facilities

SECOND FLOOR – APPROXIMATELY 238 SQM

A spacious apartment featuring:

Large entrance and reception hall

Separate kitchen

Living room

Four generously sized bedrooms with shower facilities, including a master suite with dressing room and bathroom

Solid wood parquet flooring

Air conditioning

High ceilings and decorative mouldings

Peaceful terrace of approximately 30 sqm, enjoying absolute tranquillity

THIRD FLOOR – APPROXIMATELY 238 SQM

An elegant apartment comprising:

Entrance hall

Separate kitchen

Laundry room

One bedroom or home office

Two bedrooms with shower rooms

Master suite with dressing room and shower room

Double-glazed PVC windows

Peaceful terrace of approximately 30 sqm, enjoying absolute tranquillity

FOURTH AND TOP FLOOR – APPROXIMATELY 200 SQM

Including approximately 40 sqm outside the Carrez Law measurement.

This top-floor apartment features:

Reversible air conditioning

An impressive living area of approximately 70 sqm, accessed directly from the entrance

Newly fitted kitchen with central island

Exposed wooden beams

Four bedrooms

Two bathrooms and two shower rooms

Private rooftop terrace (terrasse tropézienne) of approximately 15 sqm, offering a peaceful outdoor retreat

INVESTMENT INFORMATION

HERITAGE BUILDING ONLY

Asking price: €5,400,000

Total estimated annual rental income: approximately €300,000

Gross rental yield: approximately 5.5%

GROUND-FLOOR COMMERCIAL PREMISES AND REAR WAREHOUSE

Asking price: €8,640,000

Estimated annual commercial rental income: approximately €400,000

Gross rental yield: approximately 4.6%

Total property tax for the complex: €32,125 per year.

An exceptional heritage asset combining a prestigious address, remarkable architectural character, substantial floor areas, diversified investment opportunities and potential for further development in one of Marseille's most desirable locations.