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Avenue Vauban 1,560 SF Retail Condo Unit Offered at $523,591 in 83000 Toulon
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Investment Highlights
- Very busy shopping street
Executive Summary
Arthur Loyd Marseille Méditerranée offers you an investment opportunity in the heart of downtown Toulon, located on one of the main thoroughfares between the train station and the Arsenal, a bustling and highly frequented commercial area. This is a fully leased commercial space situated on the ground floor of a beautiful Haussmann-style building. The property consists of a 91 m² retail/showroom area on the ground floor and 54 m² of office space on the mezzanine level. The premises were renovated in April 2023 and are currently occupied by a high-quality tenant under a 3-6-9-year commercial lease, generating an annual rent of €30,000 excluding taxes and charges. All operating expenses and property taxes are fully passed on to the tenant. Additionally, the property includes four basement storage units.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | Agency Fee | 5.00% of sale price |
| Sale Type | Owner User |
| Agency Fee | 5.00% of sale price |
This is a fully leased commercial space situated on the ground floor of a beautiful Haussmann-style building. The property consists of a 91 m² retail/showroom area on the ground floor and 54 m² of office space on the mezzanine level.
The premises were renovated in April 2023 and are currently occupied by a high-quality tenant under a 3-6-9-year commercial lease, generating an annual rent of €30,000 excluding taxes and charges. All operating expenses and property taxes are fully passed on to the tenant.
Additionally, the property includes four basement storage units.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 1,560 SF | Retail | $523,591 ($335.64/SF) | - |
-
| Unit Size |
| 1,560 SF |
| Condo Use |
| Retail |
| Price |
| $523,591 ($335.64/SF) |
| NOI |
| - |
-
| Unit Size | 1,560 SF |
| Condo Use | Retail |
| Price | $523,591 ($335.64/SF) |
| NOI | - |
| Sale Type | Owner User |
| Agency Fee | 5.00% of sale price |
| Description | |
| Arthur Loyd Marseille Méditerranée offers you an investment opportunity in the heart of downtown Toulon, located on one of the main thoroughfares between the train station and the Arsenal, a bustling and highly frequented commercial area. <br> <br> This is a fully leased commercial space situated on the ground floor of a beautiful Haussmann-style building. The property consists of a 91 m² retail/showroom area on the ground floor and 54 m² of office space on the mezzanine level. <br> <br> The premises were renovated in April 2023 and are currently occupied by a high-quality tenant under a 3-6-9-year commercial lease, generating an annual rent of €30,000 excluding taxes and charges. All operating expenses and property taxes are fully passed on to the tenant. <br> <br> Additionally, the property includes four basement storage units.</li></ul> |
Property Facts
| Total Building Size | < 15,000 SF | Floors | 1 |
| Property Type | Retail (Condo) | Year Built | 1850 - 1859 |
| Building Class | C |
| Total Building Size | < 15,000 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Year Built | 1850 - 1859 |
Nearby Major Retailers
Presented by
Avenue Vauban
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