Great Investment Property in Montmorillon

Property Description

A fantastic investment opportunity, renovated and already rented, providing a monthly income in the centre of Montmorillon.

The complex consists of 4 floors. On the ground floor a communal area, with street entrance, a huge and impressive living room/dining room, courtyard and passage to the barn beyond with summer kitchen, games/tv room and secure garaging for 3/4 cars. Rented for 700 € per month

1st floor appartment, large living/dining room/fully fitted kitchen, 3 bedrooms, wc and shower room. Rented for 600 € per month

2nd floor appartment, large living/diningroom/fully fitted kitchen, 3 bedrooms, wc and shower room. Rented for 600 € per month along with the third floor.

3rd floor potential studio space with a shower room/wc, with connections in place, but requiring a fitted kitchen.

The whole building has been recently renovated and is now entirely rented out producing a monthly income of 1900 € per month and is sold with tenants in place. It could also be possible to enlarge the rental capacity by making a total of 6 rental units with further works (subject to necessary permissions).

The property is located in the centre of Montmorillon with the old town, shops, supermarkets, train station, cafes and restaurants all within walking distance.

Price including agency fees : 267 500 €
Price excluding agency fees : 250 000 €
Buyer commission, tax included: 7%