Municipal properties in Nice to be auctioned to private buyers
Several municipal properties in Nice are set to be auctioned by Nice town hall. Is it actually a good deal for buyers and what are the main reasons ?
This "Belle Epoque" villa offers 250 square meters of living space with a garden and has long been known as the "House of Repatriates"
As an example, some other properties for sale in Nice can be seen on the following link:
Auction in June
To sell its property, the town has decided to hold an auction. The house will be sold to the highest bidder at an auction organized by the Chamber of Notaries which will take place in their offices (18 Congress Street), this June.
Other municipal assets will also be auctioned off on this occasion: business premises at 18, rue Marceau (starting price: 20,000 euros), offices at 22, boulevard Dubouchage (420,000 euros), an apartment at 34 Avenue of Flirey (182,000 euros), various premises at 2, rue Deloye and 32, rue des Hotel Post (for a total of 1.3 million euros), three parking lots at 126, rue de France (14,000 euros each), and even land at 160 boulevard de la Madeleine (43,800 euros).
Why does the mayor's office get rid of a part of his private assets?
To sell or not sell? The mayor's office has several hundred pieces of land and other properties. Some of them neither useful for the town hall nor exceptional.
On the other hand questions should be asked about whether they really should sell. If we take the example of the "House of Repatriates"
Page Updated Last on: May 24, 2012