Call for applications - Acquisition of the "Le Tarot" premises in Fontvieille shopping centre

The State Property Authority announces that it has granted the limited liability company LE TAROT a State property occupation agreement on a short-term basis for the premises forming lot n°285, with a surface area of approximately 86 square metres, situated on the ground floor of Fontvieille shopping centre, operating under the trading name of "LE TAROT". The premises are designated exclusively for: "the sale of newspapers, books, stationery, items for smoking, lottery tickets, PMU bets and tobacco".

The State Property Authority would like to draw attention to the fact that LE TAROT company does not possess any business goodwill, in view of the public ownership of the premises.

The State Property Authority is hereby launching a call to enable anyone interested in operating the establishment “LE TAROT” to submit a proposal, so that the most appropriate candidate can be selected.

The successful candidate will have to pay the sum of FIVE HUNDRED AND FIFTY THOUSAND EUROS (€550,000) as a "repossession right", no later than the day of the signing of the deed of occupancy.

This sum represents a maximum threshold, with candidates entitled to propose a lower amount, which must be specified in the application file and justified based on the planned investments and projected turnover of the proposed commercial activity.

The "repossession fee" may not be reimbursed in any form whatsoever by the State of Monaco in whole or in part to the successful candidate throughout the duration of the agreement and any renewals and/or extensions, nor at the end of the agreement for any reason whatsoever. 

It is expressly stated that payment of the above-mentioned sum is a sine qua non condition of this call for applications.

The successful candidate must pay the repossession fee mentioned above, per the terms and conditions specified by the State Property Authority.

All interested persons must undertake to make this payment, otherwise their application will not be accepted. To this end, a document drawn up by a banking institution must be attached, certifying that the funds are held or that a loan has been granted.

It will be up to the buyer to establish his or her personal business directly with the LE TAROT company, in handling the transfer of all salaried staff, any transfer of stock, goods, equipment, furniture, etc., and any other contracts that LE TAROT may have entered with suppliers, etc. As such, the candidate must obtain all information he deems necessary from "LE TAROT" company.

Anybody interested can collect all the application documents from the State Property Authority offices on the fourth floor of 24, rue du Gabian, from Monday to Friday (excluding public holidays) from 9.30 am to 5 pm or download it below.

The application includes:

• An application form to be returned duly completed and signed by the applicant (and any associates in the case of a legal entity)

• An information sheet on the conditions of the call for applications and the handover conditions

• A form committing to pay the repossession fee, to be returned duly completed and signed by the applicant (and any associates in the case of a legal entity) and accompanied by the supporting document requested

For any visits to the premises or requests for information, interested persons should contact the manager of the "LE TAROT" company whose contact details are given on the information sheet.

Applications should be sent to the State Property Authority by the deadline of 28 March 2025 at midday, at the latest.

We recommend that applications are submitted by post. If required, the State Property Authority offices, situated on 24, rue du Gabian, are open from 9.30 am to 5 pm, Monday to Friday.

The candidates’ attention is drawn to the fact that only complete packs including absolutely all the documents required will be considered.