libourne, Aquitaine 33500

In a popular area of Libourne, close to amenities and main roads, discover this investment property ideal for an investor looking for immediate profitability and development potential.Composition of the property:The building is built on a plot of approximately 930 m and currently consists of:-2 T2 apartments of 27 m, rented 420 /month each-1 T2 apartment of 25 m, free-1 studio of 22 m, free-1 garage of 50 m, with the possibility of rehabilitation into housing (T2 or T3)-1 billboard, generating 1, 600/year in revenueEach accommodation has a private outdoor space and a designated parking space.Upgrading project: rehabilitation of the garageThe 50 m garage can be transformed into housing (T2 of 45 m), significantly increasing rental income.Estimated cost of the work: 30, 000 including VATEstimated post-work rent: 500/monthRental profitability simulation (post-works)Projected annual rental income:PropertyMonthly rent: T2 (27 m) rented x2420 T2 (25 m) for rerent 420 Studio (22 m) for rerent380 New T2 (rehabilitation)500 Billboard 1, 600Estimated annual TOTAL 27, 280Overall investment hypothesis:Estimated purchase price: 320, 000Works (garage): 30, 000Total investment: 350 000 Assets of the property:Partially secured rental income (2 rented units)Free premises allowing quick rentalHigh potential for recovery with the garageGross profitability close to 8%Sought-after environment, pleasant settingPassive supplementary income via billboard Complete file on request.Visits possible by appointment. A rare opportunity not to be missed for a wise investor. This property is presented to you by Michel Forget-cantaloup, your independent advisor Dr House Immo.