SAINT VIT, Rhône 25410

SAINT-VIT - REPORT BUILDING WITH EVOLVING POTENTIAL NEW - SPECIAL INVESTOR ENTREPRENEUR Your real estate agency OFFICE IMMOBILIER offers for sale exclusively in the heart of Saint-Vit this building in sole ownership currently comprising 2 apartments and land reserve allowing the creation of 1 to 3 additional apartments. It currently consists of: - On the ground floor, a renovated T2 apartment of 52m rented for 450 euros per month (rental potential up to 550 euros per month). - On the first floor, a finished T3 apartment of 75m with a rooftop terrace that can be rented for 750 euros per month. - A garage on the ground floor (to be rented with the T3) - A raw space on the ground floor of 103m allowing for the enlargement of the T2, the creation of shared spaces and 3 large cellars that can be rented independently. - A large vaulted cellar that can be rented independently. - A raw space on the first floor and the land reserve on the second floor allowing the creation of more than 160m of additional living space. - A plot of 551m on which there is a small outbuilding in front allowing the creation of the number of parking spaces needed for the project. Currently, the rental income could amount to 1300 euros per month, representing a gross yield of 6.4% (not taking into account the cellar) with the entire land reserve allowing for increased profitability as housing is created. In this context, we believe it would be appropriate: - to convert the T2 into a T3 (potential rent of 650 euros) - to leave the existing T3 as is (rent 750 euros) - to create 2 T3 (potential rent of 750 euros each) - to create 1 T2 (potential rent of 550 euros) - to create 3 cellars (potential rent of 50 euros each) - to rent the large cellar in the basement (potential rent of 50 euros) - to rent the outbuilding (potential rent of 50 euros) Thus, a global potential rent of 3700 euros per month reducing the gross yield to 10% with 200k euros of works invested. The project is interesting and targets investors accustomed to renovations. The prime location implies no rental vacancy and therefore guaranteed profitability. Regarding the feasibility of the project, a permit had been granted for the conversion of the T2 into a T3, the transformation of the T3 into a large T4, and the creation of a T5. Three electrical boxes are already present on the faade, and a conduit bringing electricity to the attic is already installed. If you wish to invest in a building in sole ownership generating income with possibilities for evolution, this property is made for you! Contact your agency OFFICE IMMOBILIER for a presentation of the project and to arrange your visit. Antoine PAGANONI (EI) Commercial Agent - RSAC Number: - . This description has been automatically translated from French.