Investment Property - Saint-Léonard-De-Noblat Town Centre

Property Description

Located in the heart of downtown Saint-Léonard-de-Noblat, this apartment building, built over a cellar, presents an excellent rental investment opportunity, offering immediate income and significant development potential. It currently comprises three rented apartments: on the ground floor, a 50 sq m (538 sq ft) one-bedroom apartment overlooking a courtyard, rented for €400/month (Energy Performance Certificate D); on the first floor, a spacious 94 sq m (1012 sq ft) two-bedroom apartment, rented for €400/month (Energy Performance Certificate C); and on the second floor, a 99 sq m (1065 sq ft) apartment, rented for €430/month (Energy Performance Certificate C). The building also includes an attic suitable for conversion, offering the possibility of creating a fourth apartment, as well as a garage that could be converted into a second bedroom for the ground-floor apartment. Regarding heating, the first and second-floor apartments are equipped with mains gas central heating and a recently installed boiler, while the ground-floor apartment has electric heating. With three units currently rented, this building generates €1,230 in monthly rent, or €14,760 in annual rental income. An attractive investment combining immediate profitability and potential for appreciation thanks to possibilities for further development. Don't miss out! (5.71% agency fees including VAT payable by the buyer.)