Following the sudden closure of the Habitat store in Monaco at the end of last year, the Mairie de Monaco is searching for future tenants for the prime piece of commercial real estate on the Avenue Saint Charles.  

Opportunities to acquire large business premises in the Principality are rare, making this more than 600sqm offer particularly noteworthy.  

After nearly seven months of vacancy, the Mairie de Monaco has launched an application process for tenants keen to take on the premium real estate spot previously linked to the furniture and lifestyle giant Habitat, which unexpectedly closed its doors on 30th November 2023.  

Located at 7 Avenue Saint Charles, the site includes 497.5m² of space on the second floor, an entry-level window space, an additional 81m² of subterranean storage and a shared common area with other on-site businesses.  

Applications made be submitted to the Service du Domaine Communal at 3 Rue Philibert Florence until 12pm on 23rd August. 

While the application process is open to all, several criteria will be considered in the selection process. These include the applicant’s nationality, the quality of the application file, local business interest, compliance with conditions, professional experience and financial solvency. 

The lease will initially be limited to a seven-year occupancy period. Annual rental costs, including taxes, amount to €305,000. 

For a full list of all the terms and conditions, click here. 

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Photo credit: Mairie de Monaco