Published on January 15, 2021Updated on June 19, 2023
One Monte-Carlo, the Monaco city centre mall designed by Richard Rogers, attracts customers seeking the truly exceptional. A considerable real estate success thanks to its many prestigious advantages.
One Monte-Carlo, a real estate success
It’s one of the build-to-let successes of the year. The sleek, harmonious lines of the complex designed by world-famous architect Richard Rogers are pitch perfect. As is the luxury-yacht-style woodwork in the indoor areas, by the talented interior designer Bruno Moinard... Its wonders have already seduced you.
The 37 apartments at One Monte- Carlo have been on the rental market since 2018; almost all tenants are European, and some are business people who have also installed their companies in the office building next to the apartment block. It is one of the trends in Monegasque real estate.
The arguments for its triumph
One Monte-Carlo (the name takes its cue from One Hyde Park in London) owes its success to several factors :
- the address of course : Ah, to live at number 1, Place du Casino, with a view of the gardens!
- plenty of space : the flats average more than 300m2
- high ceilings : over 3m, which is rare in new buildings.
“Space is a real luxury in Monaco now. We’ve focused on indoor space because our residents, who own outstanding properties elsewhere, are used to living in places that top the 1000m2 mark. The big triplex apartments, at prices based on the Sporting’s highly exclusive villas, have private pools on the roof,” says Valérie Petit, projects and lettings manager at Société des Bains de Mer.
And there’s more. “All rooms have daylight. There are no windowless rooms. Apartments can be furnished if the tenant so desires. Every property is let with curtains, net curtains and slatted blinds, and all residents gets free subscriptions to the Thermes Marins Monte-Carlo.” Hotel services include cleaning, valet parking and room service (with a choice between the Hôtel de Paris Monte-Carlo and Mada One menus).
Another asset that persuades people to sign the lease (two years minimum) is the Monte-Carlo Shopping promenade and its 50 exclusive brand- name stores. “One thing never varies: the gentleman visits, but it’s always the lady who decides, whatever their culture.”
Niche business
For Monte-Carlo Société des Bains de Mer, residential property is a niche business, with over 70 rental properties altogether.
The group started out in 2005 in Larvotto with the Résidence du Sporting, Monte-Carlo Bay Hotel & Resort’s luxury multi-storey block. It’s all rentals: 24 furnished apartments ranging from 70m2 studios to 380m2 apartments, priced from €10,000 a month. Residents can enjoy the hotel’s spa and lagoon. One of the group’s most remarkable lets is the 1800m2 penthouse with private pool at the Balmoral. That building, in the Carré d’Or, offers seven big apartments, all at least 250m2, from €50,000 a month.
Find other distinguished high-end residences in Monaco, with their luxurious amenities, supported by the top-of-the-range Monte-Carlo Société des Bains de Mer service.
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