Southern Cevennes-Val D'aigoual Real Estate Opportunity for Property Dealers, Investors, and Develop

Property Description

Notre Dame de la Rouvière, 30 570 Val d'Aigoual, small Cevenol village perched at 400 m altitude on a promontory overlooking the Hérault valley, 1h30 from Montpellier/Nîmes airport, 10 minutes from Ganges/Le Vigan, 20 minutes from Mont Aigoual slopes. Ideal for property dealers/investors/developers, tourist residence as a vacation or year-round residence, retirement home, or apart-hotel. The tranquil and exceptionally panoramic site inspires relaxation and exploration of these green landscapes where wildlife and flora enjoy a microclimate. This property to be rehabilitated in a second phase covers a total built area of 2,200 m² spread over 3 levels served by an elevator. A preliminary development plan to create 19 units and 400 m² of commercial space on the ground floor. Enedis quote signed for 22 meters. Ground floor of about 400 m² intended for reception and commerce or restaurant with the possibility of a 200 m² panoramic terrace. Heating by reversible air conditioning. Upper floors served by elevator are residential, 19 units totaling 1,700 m² living space. Each apartment benefits from a private outdoor area, terrace, or small garden. The heating and domestic hot water system are collective for all units, supplied by state-of-the-art air-to-water heat pumps (installation less than 2 years). Energy rating D (B for heating) / DPE. Estimated works budget: ~€800,000. Anticipated return from selling after works: 50%. Expected rental yield after works: at least 12% per year. Asking price for the whole ground floor included, before works: €650,000 excluding tax. Re-sale price for the 19 units excluding ground floor: €1,842,500. Value of the ground floor 400 m² in current state: €240,000. Total projected sale price after works: €2,082,500. File available on simple request. This listing is offered by Philippe Arakelian - EI - NoRSAC: registered at the Montpellier Commercial Court, Compter Immobilier De France - For more information, see cif- – “Information on the risks to which this property is exposed is available on the Géorisks site.” Advertisement written and published by a Licensed Agent.