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93310 Le Pré-Saint-Gervais 161 - 484 SF Retail Condo Units Offered at $140,130 - $326,969 Per Unit
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INVESTMENT HIGHLIGHTS
- Prime retail location in the city center
- Small ground-floor condominium
- Well-served by public transportation (close to metro and bus)
EXECUTIVE SUMMARY
The space is located on the ground floor of a small building primarily designated for commercial use. The property does not feature any notable architectural characteristics but benefits from a good location in a local shopping area. The small size of the unit makes it easy to manage and meets the needs of niche businesses or neighborhood service providers.
PROPERTY FACTS
| Total Building Size | < 15,000 SF | Building Class | C |
| Property Type | Retail | Floors | 1 |
| Property Subtype | Storefront | Year Built | 1960 - 1969 |
| Total Building Size | < 15,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Year Built | 1960 - 1969 |
2 UNITS AVAILABLE
| Unit Size | 161 SF | Sale Type | Investment |
| Price | $140,130 | Cap Rate | 6.90% |
| Price Per SF | $870.37 | NOI | $9,668.94 |
| Condo Use | Retail | Agency Fee | 9.09% of sale price |
| Unit Size | 161 SF |
| Price | $140,130 |
| Price Per SF | $870.37 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| NOI | $9,668.94 |
| Agency Fee | 9.09% of sale price |
DESCRIPTION
This lot consists of a 15 m² ground-floor shop located in the heart of Le Pré-Saint-Gervais. The premises have been rented since 2015 to the same tenant company, ensuring appreciable rental stability. It is situated in a lively urban environment, in close proximity to local shops. The current lease stipulates an annual rent of €7,667 excluding taxes and charges, with no VAT applicable, and all charges and property taxes are fully covered by the tenant.
SALE NOTES
Very good opportunity for investment in real estate assets. Premises sold occupied with a commercial lease in place, offering a gross yield of 6.9%. The buyer does not have to bear the co-ownership charges or property tax. No entry fees for the tenant, simplified property management. Fees included in the sale price (9.09% excluding tax).
| Unit Size | 484 SF | Sale Type | Investment |
| Price | $326,969 | Cap Rate | 6.90% |
| Price Per SF | $675.56 | NOI | $22,560.87 |
| Condo Use | Retail |
| Unit Size | 484 SF |
| Price | $326,969 |
| Price Per SF | $675.56 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| NOI | $22,560.87 |
DESCRIPTION
Ground floor commercial space of 45 m², rented since 2009 to the same tenant company. This property represents a secure investment with an ongoing commercial lease, with the tenant responsible for charges and property tax. The layout of the space is functional for various commercial activities.
SALE NOTES
Excellent investment opportunity with a stable tenant in place for over 10 years. The property offers an attractive gross yield of 6.9%. The commercial space enjoys high visibility in a sought-after shopping area of Pré Saint Gervais. This offer is particularly aimed at investors looking for a secure investment in a dynamic urban environment.
NEARBY MAJOR RETAILERS
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