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Rare Investment Opportunity in Historic Centre of Annonay, 1 Hour South of Lyon, Consisting of 7 Apartments in the same …

9 Beds
Habitable Size: 296 m²
Land Size: 0 m²
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€178,000

Save Inc. agency fees
Region: Rhône-Alpes Department: Ardèche (07) Commune: Annonay (07100)

For Sale By Agent

Agency Name: Leggett Immobilier Leggett Immobilier View Agent's Microsite Find more properties from this Agent
€178,000 is approximately:
British Pounds: £152,279
US Dollars: $196,191
Canadian Dollars: C$259,881
Australian Dollars: A$289,089
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices. To find out more about currency exchange, please visit our Currency Exchange Guide.
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Key Info

  • Type: Business
  • Bedrooms: 9
  • Habitable Size: 296 m²
  • Land Size: 0 m²

Property Description

Rare Investment Opportunity in Historic Centre of Annonay, 1 Hour South of Lyon, Consisting of 7 Apartments in the same Building to be Renovated, Along with Garages, Attics and 5 Cellars. Rate of Return: 7% Gross Profitability.


Studio of 28m² on ground floor, sold rented out for 300 euros per month. 3 bedroom apartment on 1st floor of 85m², sold rented out for 330 euros a month. 1 bedroom apartment of 41m² and 1 bedroom apartment of 50m² on 2nd floor. 3rd floor consists of 3 x 1 bedroom apartments, 27m² rented out at 255 euros a month, 28m² and 37m². Space for 4-5 cars in large garage, rented out at 120 euros a month. Potential annual rent: 23900 euros. Renovation obligatory (planning permission included in sale). Estimated at 310 000 euros. Subsidy of 163 000 euros available. Co-ownership with 9 units. Monthly building management costs between 67 and 75 euros for all 7 apartments. East facing building, so sunny in the morning. 350m on foot from bus station ( for connections to Lyon, St Etienne, Valence).

Energy Consumption Energy Consumption (DPE)
Co2 Emissions CO2 Emissions (GES)

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€178,000

Inc. agency fees
€178,000 is approximately:
British Pounds: £152,279
US Dollars: $196,191
Canadian Dollars: C$259,881
Australian Dollars: A$289,089
Please note that these conversions are approximate and for guidance only. They do not constitute sale prices. To find out more about currency exchange, please visit our Currency Exchange Guide.
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Location Information

Ardèche (07), Rhône-Alpes
Region: Rhône-Alpes Department: Ardèche (07) Commune: Annonay (07100) View Large Map

For Sale By Agent

Agency Name: Leggett Immobilier Leggett Immobilier View Agency Find more properties from this Agent

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