Cevennes Southern Real Estate Investor Opportunity - Landlord/Promoter | Promoter Investors

Property Description

Nearby Nîmes - Cevennes Southern area Notre Dame de la Rouvière 30 570 Val d'Aigoual, small Cevenol village perched at 400 m above sea level on a promontory overlooking the Hérault valley. Located 1h30 from Montpellier/Nimes Airport, 10 minutes from Ganges/Le Vigan, 20 minutes from Mont Aigoual slopes. Ideal for Property Trader/Investor/Promoter, Tourist Residence for vacation or year-round residence, nursing home, or Aparthotel. The tranquil location and exceptional panorama inspires relaxation and discoveries of verdant landscapes where wildlife and flora enjoy a microclimate. This property to be rehabilitated in a second-hand program totals 2,200 m2 of built area spread over 3 levels accessible by elevator. A planning permit for all recourses for the transformation into 19 units and 400 m2 of commercial space on the ground floor. Enedis quote signed for 22 meters to meters. Ground floor of about 400 m2 intended for welcome/commerce or restaurant with the possibility of a panoramic terrace of 200 m. Heating by reversible air conditioning. Upper floors served by elevator are intended for housing, 19 units totaling 1,700 m2 of living space. Each apartment has a private outdoor area, balcony or small garden. The heating and hot water system are collective for all units and supplied by state-of-the-art air-to-water heat pumps (installation under 2 years). Energy class B/A. Estimated renovation budget: about 800,000 euros. Expected resale profitability after completion by division is 50%. Expected rental yield after completion is at least 12% per year. Sale price of the whole ground floor included, before works, is 650,000 euros excluding VAT. Sale price of the 19 non-ground-floor units is 1,842,500 euros. Ground floor value in current state (400 m2) is 240,000 euros. Total resale value after works: 2,082,500 euros. File available on simple request. This advertisement is offered by Philippe Arakelian - Ei - NoRSAC: registered at the Montpellier Commercial Court Clerk, Comptoir Immobilier De France - For more information on cif- - “The information on the risks to which this property is exposed is available on the Géorisks website.” - Advertisement drafted and published by an Agent Mandatee.