2 bedroom Penthouse for sale with sea view in Monte Carlo, Monte Carlo and Beaches

20,600,000 EUR 17,922,000 GBP 20,394,000 USD

Reference: 241954

Bedrooms: 2
Bathrooms: 2
Floor Size: 138 m2
Work Required: None
Balcony
Air Conditioning
Parking space(s)

Details

Superb penthouse apartment, which is ideally situated within a high end residence with a concierge service.

This penthouse benefits from a high quality designer refurbishment, which has been carried out to the highest of standards.

The triplex is crowned by a spectacular roof top terrace, a real corner of paradise far from the urban bustle of the city, boasting a leisure pavilion, with a dining area sheltered by a pergola for the hot summer days, a solarium with outdoor sofas and sun-beds, whilst enjoying a unique panorama of the Mediterranean.

The property has a vast and bright living area with a cosy living/dining area that faces the modern open plan kitchen, which is separated by a splendid marble central island with a snack counter. It is extended by a spacious landscaped terrace accommodating a living room and a dining area, gazing out at the omnipresent sea, promising residents blessed peace and quiet.

The first level is home to a vast bedroom with a prestigious marbled en-suite shower room, a walk-in dressing room and direct access to the terrace contemplating the azure blue sea.

A modern masterpiece staircase, made of wood and glass, leads to the upper floor sheltering the very private master level, boasting a spectacular bedroom, a marvellous marbled en-suite bathroom with large shower, an en-suite dressing area, a separate room for a WC and bidet and a expansive private terrace as a relaxation area in front of the Mediterranean. 1 parking space available.

FEATURES
Videophone
Intercom
Caretaker
Digicode
Electric Awnings
Internet
Air Conditioning
Sea Views

Show Map

Monaco Property Buying Guide

Guide to the Monaco Buying Process

The Agent

The estate agent will connect the buyer, the seller and a property, and will take a commission to do so.

The Notaire

The notaire (solicitor) is the Monegasque council which drafts the deed of sale and which brings together the buyer, the seller and possibly the lender for the act of signing the deed.

The notaire generally acts both for the buyer and for the seller. He is responsible for making necessary searches and enquiries such as verifying that the seller has the rights and title deeds, that there are no outstanding mortgages, no planning irregularities etc.

The intervention of the notaire certifies that the deed of sale is a document that is both conclusive and enforceable.

1. Written offer

The buyer usually has to sign an offer to buy. This is drawn up by the estate agent and if accepted, binds the parties. Often, a cheque drawn on a Monaco bank, and representing the security deposit will be attached to the offer, in order to prove the commitment of the buyer. Otherwise, the offer will specify that a bank transfer will be made to the notary's escrow account, within a short period after the offer is accepted.

Subsequently, the purchase takes place in two stages: the signing of a promise of sale drawn up by the notaire followed by the signing of the deed of sale before the notaire. The buyer must undertake to pay a security deposit equal to 10% of the sale price at the signing stage of the promise to sell, amount retained by the notaire and which will be deducted from the sale price at the signing of the deed of sale.

2. Costs and expenses

Generally, on the purchase of goods over 5 years, the costs and expenses will be equivalent to 6% of the purchase price and will have to be paid by the buyer. This 6% includes a registration fee (4.5%) and notary fees (1.5%). This rate is applicable when the purchase is made by individuals or by a Monegasque ICS. The registration fees will be higher (7.5%) when the acquisition is made through a foreign company, to which must be added notary fees of 1.5% thus making a total of 9 %.

In some cases (eg when the property is new or under construction) the registration fee will not apply and the sale price will be subject to value added tax (VAT) at the rate of 20%. The notary fees and a right of transcription will be applicable for a total amount of 2.5%, payable by the buyer, regardless of whether the buyer is an individual or a company.

3. Purchase of a foreign company

If the property is held by a foreign company, the buyer may possibly purchase this structure and in this case the registration fee will be 4.5% on top of the value of the property following the change of the owner of the foreign company.

4. Tax consequences

Monaco does not levy income tax, capital gains tax or wealth tax on individuals. French nationals residing in Monaco nevertheless pay income tax and wealth tax in France in certain circumstances.

The rights of gifting and inheritance rights exist in Monaco, but only on property located in Monaco. The rate of these fees is 0% on provisions in favour of parents, a surviving spouse, children or more distant relatives.

On other provisions, donation and inheritance taxes are payable at rates depending on the degree of relationship between the donor and the recipient. The maximum rate of 16% is applied in the case of provisions to non-parents.

The fee is payable by the recipient.