Live Like an 18th-Century Aristocrat in This Wildly Decorated Parisian Apartment
The four-bedroom home is decorated lavishly, complete with chandeliers, mirrored ceilings, Versailles-style parquet flooring and stucco imitation sculptures
3 min
Listing of the Day
Location: Paris
Price: €4.2 million (US$4.49 million)
This Rue de Rivoli home in the heart of Paris’s 1st Arrondissement comes with some serious design cachet: For one, it was one of the first major projects of notable French interior designer Didier Rabes, according to listing agent Paola Feau.
While an apartment, the four-level home is large enough to feel like a detached house, and Rabes decorated it lavishly to evoke an 18th-century chateau, complete with chandeliers, mirrored ceilings, Versailles-style parquet flooring and stucco imitation sculptures.
Sébastien Dondain
Most of the building dates to the mid-19th century, though there are some remnants of the older Directoire style with its Neoclassical architectural forms, which were popular in the late 1700s, according to Feau.
This particular residence in the building also has the legacy of being the couture workshop of designer Madeleine Vionnet during the early 20th century, Feau said. It was later transformed into a private home, and with recent renovations, it boasts both a distinctive period atmosphere and modern comforts such as an elevator and a large modern kitchen.
Stats
The 3,207-square-foot apartment has four bedrooms with three full bathrooms and two half bathrooms. The apartment is spread over four floors including a lower ground floor, and is entered on the ground floor of the building.
Amenities
The home boasts a lift that goes between its three main floors, as well as a home office, and a 300-square-foot paved courtyard on the second floor that two of the bedroom suites open onto.
A separate, renovated apartment on the second floor connects to the main house, and can be accessed by both an interior staircase from the main house or through the building’s common areas. With two bedrooms, a bathroom, a living room, and a kitchen, “the apartment could be kept completely separate and rented or used for guests, or it could be used as an extension of the main house,” Feau said. “This little apartment has been fully renovated in a completely modern style, in contrast to the 18th-century-style main house.”
Neighbourhood Notes
Sitting right on the expansive Tuileries Garden, a 17th-century formal garden filled with statues, including 18 bronzes by Aristide Maillol, the location is also within a few minutes’ walk of the Louvre, Place Vendôme and Place de la Concorde, as well as the Jardin des Champs-Élysées.
“It’s one of the best areas in Paris,” Feau said. “It’s very, very central, with all the finest restaurants, fashion and jewellery boutiques and hotels, including Hotel Le Meurice and the Ritz.”
The Place Vendôme has historically been the home of many famous dress designers, with the stores of the couturier Chéruit and the shirtmaker Charvet still in situ.
Agent : Paola Feau, Daniel Feau and Luxury Portfolio International
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2 min
A McDonald’s restaurant in Yass has been brought to market with one of the last remaining pure turnover leases in Australia, offering investors a direct share of revenue rather than a traditional fixed rental return.
The asset, located at 1713 Yass Valley Way, is being marketed by JLL via an expressions of interest campaign closing on 30 April. It is underpinned by a legacy lease structure no longer offered by McDonald’s in Australia.
Under the arrangement, the landlord receives 6.5 cents for every dollar spent at the restaurant, creating uncapped income growth linked directly to sales performance.
The lease is structured as triple net, meaning no operational risk, capital expenditure obligations or management responsibilities for the owner.
According to JLL, the property has recorded compounded annual sales growth of 4.26 per cent since 2003, with rental income rising by 150 per cent over the same period.
JLL’s David Mahood said the structure allows investors to “participate directly in the sales growth” of the business, rather than relying on fixed annual rent reviews.
The newly commenced lease runs to 2036, with four additional 10-year options extending to 2076, providing a weighted average lease expiry of 9.92 years by income.
The asset sits on a 3,571 square metre freehold site in Yass, with significant frontage to the Hume Highway, one of Australia’s busiest freight corridors.
The location benefits from high volumes of passing traffic, including an estimated 75,000 vehicles per day.
The quick service restaurant sector has remained resilient through economic cycles, including the pandemic and recent cost-of-living pressures, with McDonald’s continuing to expand its footprint and invest in store upgrades across Australia.
JLL pointed to strong investor demand for McDonald’s-backed assets, with recent transactions typically yielding between the high 2 per cent to mid 3 per cent range.
The Yass listing is expected to attract interest due to the scarcity of turnover-based leases, which provide a natural hedge against inflation by linking income growth to consumer spending rather than predetermined increases.
McDonald’s Yass is available for sale via an Expressions of Interest campaign closing at 3:00pm (AEST) on Thursday, April 30.
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