34000 Montpellier 6,705 SF Office Condo Unit Offered at $1,581,492

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INVESTMENT HIGHLIGHTS

Building with great potential in the city center
Immediate proximity to the tram and amenities

Private parking

EXECUTIVE SUMMARY

This condominium complex consists of several lots combined to form a mixed space for office and commercial use. Ideally located a few steps from the Place de la Comedie, it benefits from a dynamic and well-connected environment, especially by tram. The building has a ground floor with a large window and offices adapted to commercial activity. The first floor offers a large area of partitioned and modular offices, with a private terrace and functional technical spaces. The property complex requires renovation work, thus offering an opportunity to rethink the interior layout according to the needs of the purchaser. Access is facilitated by the presence of three closed garages, included in the sale, as well as by the immediate proximity of public transport.

PROPERTY FACTS

Price	$1,581,492
Unit Size	6,705 SF
No. Units	1
Total Building Size	10,000 - 60,000 SF
Property Type	Office (Condo)
Property Subtype	Office/Residential
Sale Type	Investment or Owner User
Building Class	C
Floors	8
Year Built	1950 - 1959

Security System

Air Conditioning

ENERGY

Geohazards

Information about risks relating to this property can be found at https://www.georisques.gouv.fr/.

1 UNIT AVAILABLE

Unit Lot 1

Unit Size	6,705 SF
Price	$1,581,492
Price Per SF	$235.87
Condo Use	Office
Sale Type	Investment or Owner User
Parking Spaces	Yes
Agency Fee	5.00% of annual rent

Energy performance diagnosis (EPD): 91 to 150 kWh/m²/yr

Greenhouse gas (GHG) emission index: 11 to 20 kg CO2/m²/yr

DESCRIPTION

Offer — Sale of 623 m² offices in Montpellier, city center

Located in the immediate vicinity of Place de la Comedie, these mixed-use offices, shops and offices are located in a condominium complex. They offer a total area of 623 m² spread over two levels and require complete renovation.

The ground floor, with an area of approximately 123 m², is occupied by a commercial space including a large reception area, four offices and a window shelf of 7 to 8 meters. The floor is tiled, the walls are dry and the electrical installations are on the periphery. The space benefits from high ceilings, a false ceiling in 60x60 tiles and reversible air conditioning.

Upstairs, a 500 m² platform is equipped with sixteen individual and double offices, a large open space, a meeting room, a kitchen with access to a private terrace, as well as technical areas including an archive room and a server room. Three sanitary facilities are also present. The whole is partitioned with removable partitions and has a carpet floor, a false ceiling in 60x60 tiles and bright neon pavers.

The property is eligible for the ERP, has double glazing and includes three closed and boxed garages, with an area of between 30 and 35 m² each, included in the sale price.