38000 Grenoble 10,010 SF Flex Building $3,213,699 ($321.03/SF)

Leased Commercial Property – Downtown – 10,010 sq ft – 8% Yield
In a central and dynamic area of Grenoble, right next to a major shopping hub, there is an opportunity to acquire a commercial property of approximately 10,010 sq ft.
The premises, currently used as offices, are divisible, offering great operational flexibility in the medium term. The property consists of 4 units measuring 2,852 sq ft, 2,562 sq ft, 2,971 sq ft, and 1,625 sq ft, with 14 parking spaces.
The property is leased, generating an annual rental income of €216,000, providing an immediate yield of 8%.
The building enjoys excellent visibility with a storefront on the street and a park, in an attractive and busy environment.
Included in the sale:
12 private parking spaces
2 enclosed garages
The presence of numerous public parking lots nearby makes it easy to accommodate clients.
Key Features:
- Premium downtown location
- Secured rental income
- Attractive yield
- Divisible asset
- Private parking
For any questions, to receive a complete file, and to arrange a visit, contact me. Number of units in the condominium: 50, Average annual share of charges (forecast budget): €10,525 or €877 per month. Agency fees are the responsibility of the buyer, amounting to 9.60% including tax of the price excluding fees. Information on the risks to which this property is exposed is available on the Géorisques website: www.georisques.gouv.fr.
CAPIFRANCE Real Estate Network - Your commercial agent (RSAC No. 484 246 517 - Registry of GRENOBLE) Isabelle AUBRUN Individual Entrepreneur 06 82 17 54 89 - Ref. 944246