LOT OF 22 PARKING SPACES - PRESTIGIOUS RESIDENCE

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€10,000,000

THE OPINION OF MyCrown Estates

Parking in the Principality is a structurally scarce and highly strategic commodity. Acquiring a grouped lot of 22 spaces within the same prestigious residence in Larvotto represents an exceptional investment opportunity. This asset is perfectly suited to a major car collector, a Family Office, or an investor seeking to generate ultra-secure rental income with simplified management.

Our favourite feature: Access engineering. Benefiting from a layout with two separate entrances and two separate exits is an invaluable advantage. This guarantees smooth traffic flow, no congestion, and optimal manoeuvring comfort for exceptional vehicles.

This is a prime diversification heritage asset, rarely available on the market yet highly liquid on resale or rental.

KEY INFORMATION ABOUT THE PROPERTY

Ref

MCE22

Type

Parking

Parking

+5

Release date

Available

Transaction type

Sale

Price

€10,000,000

Located in the ultra-secure underground levels of a prestigious residence in the highly sought-after Larvotto district, this property consists of a majestic lot of 22 parking spaces.

Designed to meet the expectations of a high-end clientele or enthusiasts with extensive parking needs, the parking area stands out for its remarkable accessibility. The infrastructure features optimised traffic flow, with two separate entrances and two separate exits. This layout allows easy vehicle rotation and smooth manoeuvring, even for cars with the largest dimensions.

Secure, spacious, and strategically located just a few steps from Avenue Princesse Grace and the beaches, this parking lot meets the constant demand for premium parking in this booming area (notably with the new neighbouring developments).

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LIVING IN LARVOTTO

The spirit of the area

The Larvotto district is synonymous with seaside luxury and dynamism. It is one of Monaco’s most sought-after areas, home to very high-end residences, five-star hotels, private beaches, and prestigious real-estate developments (such as Mareterra or Bay House). Owning parking spaces here means holding a stake in the Principality’s trendiest district.

The district’s 3 major advantages

  • Endemic demand: An area where parking demand far exceeds supply, ensuring steady appreciation of the asset.

  • Absolute security: A highly monitored district, ideal for the long-term parking of collector or luxury vehicles.

  • Strategic accessibility: Quick access to major roads to leave the Principality or rapidly reach the Carré d'Or and Port Hercule.

LOCAL MAP: SERVICES & PROXIMITY

Education & Childhood

  • Close to the International School of Monaco (ISM), which generates a constant flow of families and vehicles in the district.

Public & Administrative Services

  • Larvotto Public Security located in the immediate vicinity on Boulevard du Larvotto.

  • Annex Town Hall easily accessible.

Health & Well‑being

  • An area dominated by well-being (thermal baths, beaches, sports clubs) where a parking space is a highly sought-after convenience for local clients.

Retail & Daily Life

  • The luxury boutiques on Avenue Princesse Grace and local supermarkets attract clientele who require easy parking.

Dining & Exclusive Outings

  • The concentration of Michelin-starred restaurants, private beaches (Le Deck, La Rotonde), and luxury hotels (Monte-Carlo Bay, Méridien) makes parking a major logistical asset.

Transport & Access

  • The property’s key advantage: 2 entrances and 2 exits for smooth access, directly connected to Larvotto’s wide avenues.

  • Quick access to routes leading to the heliport or the motorway to Nice Airport.

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