Rare Investment Opportunity in Historic Centre of Annonay, 1 Hour South of Lyon, Consisting of 7 Apartments in the same …
Advert Reference: FP-101219JCI07
For Sale By Agent
Agency: Leggett Immobilier View Agency Find more properties from this Agent€178,000 is approximately: | |
British Pounds: | £154,860 |
US Dollars: | $188,680 |
Canadian Dollars: | C$259,880 |
Australian Dollars: | A$295,480 |
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).
€178,000 is approximately: | |
British Pounds: | £154,860 |
US Dollars: | $188,680 |
Canadian Dollars: | C$259,880 |
Australian Dollars: | A$295,480 |
Location Information
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