Perpignan, Languedoc-Roussillon 66000

Empty rental property with a footprint of approximately 57 m2, on 4 levels (ground floor, 1st floor, 2nd floor, 3rd floor). Each level represents an area of approximately 45M. Access to the upper floors is via the shop with window on the ground floor: a stairwell is to be recreated around the existing hopper and allowing access to the 3 T2 type apartments on the 1st, 2nd and 3rd floors. The 3 apartments are to be completely renovated: cost of renovation work estimated at 35, 000 euros per apartment the cost of restoring the stairwell is approximately 10, 000 euros. That is a total budget for work of 115, 000 euros. The rental value of the building is 362, 000 euros: 3 apartments for a total rental value of 262, 000 euros with a monthly rent of 470 euros + monthly provision for rental charges of 20 euros with a net return rate of Tf of 6% + 1 commercial premises for a total rental value of 100, 000 euros with a monthly rent of 700 euros + monthly provision for rental charges of 20 euros with a net return rate of Tf of 8%. The rental value net of work guaranteeing a return rate of 8% for the premises and 6% for the apartments amounts to 247, 000 euros. The building is offered for sale at 215, 000 euros Fai. Part of the work is therefore financed by the State thanks to the tax savings linked to the 10-year deferral of property deficits generated by the renovation work. Rental areas by level: Ground floor: floor area used as a store of approximately 45 m2 with a 5/6 meter window R+1: 45m apartment to renovate with 1 bedroom R+2: 45m apartment to renovate with 1 bedroom R+3: 45m apartment to renovate with 1 bedroom Building located in a very good location (Place de la Republique / 66, 000 Perpignan) This property is reserved for initiated investors and with valid bank financing. Contact Francois Rodriguez - . Real Estate Agent - Managing Partner - Certified Real Estate Expert (Member of the National Center for Expertise) - Broker in Banking, Credit and Payment Services Operations (Cobsp- Orias No) - Tel: