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Large Duplex with Panoramic Views of Marseille’s Vieux-Port
Transfer of an Emphyteutic Lease – A Rare Opportunity Not to Be Missed!
Located on the front line of the Vieux-Port, at the corner of Quai Rive-Neuve and Place aux Huiles, this bright and spacious duplex offers exceptional panoramic views of the Vieux-Port.
Highlights:
• Total surface area: 159 m²
• Flexible layout: Can be used as one large duplex or divided into two independent apartments.
• Potential uses: Primary residence or office space for liberal professions.
Property Description:
2nd Floor (81 m²):
• Loft-style living space with three open areas:
• Living room with a balcony overlooking the Vieux-Port
• Dining-kitchen area with a balcony facing Place aux Huiles
• Large bedroom opening onto a bathroom
• Sanitary facilities with ample storage and separate WC
• Central staircase leading to the upper floor
3rd Floor (78 m²):
• Entrance, living-dining room, and two balconies facing the Vieux-Port and Place aux Huiles
• Fully equipped kitchen
• Two bedrooms, a dressing room, a bathroom, and a WC
Additional Information:
• Emphyteutic Lease: Annual rent of €1,200, lease expiring on September 29, 2034, providing another 9.5 years of occupation.
This property is ideally located to fully enjoy Marseille's cultural life and leisure activities, while adapting easily to various lifestyles and projects.
Contact me now to schedule a viewing and obtain further information on the transfer conditions of this unique property.
What is an Emphyteutic Lease?
An emphyteutic lease is a very long-term real estate lease agreement concluded between two parties for a minimum duration of 18 years and a maximum of 99 years. It allows the separation of property rights between the tenant (called emphyteuta) and the landlord (called trefranc).
The tenant enjoys significantly more extensive rights than with a traditional lease, almost equivalent to ownership rights (called "real rights"). However, the tenant also assumes specific obligations related to the emphyteutic lease.
The tenant may undertake modifications or improvements to the property and has the right to mortgage or sublet it. The tenant pays an annual fee (called an emphyteutic rent or "canon"), which is often symbolic. However, the tenant is responsible for all property charges and major repairs. The tenant must not damage the property and is responsible for paying property tax as an owner would.
Upon expiration of the contract, the landlord recovers full ownership of the property, including any improvements made by the tenant during the lease period. The landlord may seek judicial termination of the lease if the tenant breaches contractual conditions or causes serious property damage.
Tacit renewal is not possible. A new agreement must be explicitly signed by both parties.
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