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13001 Marseille 1,636 SF Office/Retail Condo Unit Offered at $637,069
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INVESTMENT HIGHLIGHTS
- Good location
- Proximity to shops and services
EXECUTIVE SUMMARY
Mixed building including commercial premises and housing located in Marseille. Well established, this building benefits from good accessibility and proximity to shops and services.
PROPERTY FACTS
| Total Building Size | < 15,000 SF | Building Class | B |
| Property Type | Retail (Condo) | Floors | 5 |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 - 1909 |
| Total Building Size | < 15,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 5 |
| Year Built | 1900 - 1909 |
1 UNIT AVAILABLE
| Unit Size | 1,636 SF | Condo Use | Office/Retail |
| Price | $637,069 | Sale Type | Investment |
| Price Per SF | $389.41 | Agency Fee | 5.00% of sale price |
| Unit Size | 1,636 SF |
| Price | $637,069 |
| Price Per SF | $389.41 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Agency Fee | 5.00% of sale price |
DESCRIPTION
Commercial walls converted into 152 m² offices for sale, located on Saint-Ferréol Street, on the first floor without an elevator. The space, currently rented to an architectural office, benefits from a central location in the immediate vicinity of shops, the Old Port and the Charles de Gaulle public car park. It offers beautiful volumes with large openings bringing a beautiful light. The whole is in excellent condition, completely renovated with high-end services. It consists of a large open-space room, a meeting room, a room with computer patch bay, a sanitary room and an equipped kitchen. The current lease, with a firm term of six years, expires in 2027.
SALE NOTES
6-year fixed lease negotiated at half the rental value of the premises (renovation work covered by the tenant). Lease ends in 2027 with the possibility of transitioning to an average rent of 3200 euros excluding tax per month.
Rent: 1675 € excluding charges per month, not subject to VAT.
Charges: 150 € per month, not subject to VAT.
Property tax: 1496 € annually (covered by tenant)
Sale price of the property: 520,000 € excluding tax, net to seller
Price including fees: 577,500 € excluding tax
NEARBY MAJOR RETAILERS
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"13001 Marseille"
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