Call for applications to resume trading at LE 29 in Fontvieille shopping centre.
The State Property Authority announces that it has granted the limited liability company AU BAMBIN BUFARELU a State property occupation agreement on a short-term basis, relating to the spaces described below, situated on the ground floor of Fontvieille shopping centre, with a view to operating a business under the trading name of "LE 29".
- A site on which is built a commercial-use kiosk, reference number 278, with a surface area of approximately 35 square metres
- A plot of land for use as a terrace, reference number 279, with a surface area of approximately 35 square metres
The sites described above are intended in the first instance for the operation of a snack bar with no frying or cooking that requires the extraction of smoke or greasy fumes, including the service of non-alcoholic beverages as well as alcoholic beverages during the periods set out below, to be consumed on site or taken away.
Subject to first obtaining all of the required authorisations in writing, the following alcoholic beverages may be sold during the periods set out below:
- Wine only to customers of the business who are eating on the terrace
- At Candlemas: cider
- In November: champagne to mark the anniversary of the Fontvieille shopping centre
- During the festive season: champagne
However, applicants may also propose an alternative business, with the exception of any type of catering activity that would require extraction equipment to be installed, as this is strictly prohibited. In addition, the commercial premises may not be used to exercise a licensed profession or as an office.
AU BAMBIN BUFARELU company has indicated that it would like the establishment "LE 29" to be operated by another entity.
The State Property Authority would like to draw attention to the fact that AU BAMBIN BUFARELU 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 29” 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 FORTY THOUSAND AND EIGHT HUNDRED EUROS (€540,800) 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.
If the original line of business is to be resumed, it will be up to the buyer to establish his or her personal business directly with the AU BAMBIN BAFARELU company in handling the transfer of all salaried staff, any transfer of stock, goods, equipment, furniture, etc., and any other contracts that AU BAMBIN BAFARELU may have entered with suppliers, etc. As such, the candidate must obtain all information he deems necessary from AU BAMBIN BAFARELU 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 all applicants (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 AU BAMBIN BAFARELU company whose contact details are given on the information sheet.
Applications should be sent to the State Property Authority by the deadline of Friday 25 April 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.