93100 Montreuil 4,187 SF 100% Leased Flex Building $780,263 ($186.35/SF)
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INVESTMENT HIGHLIGHTS
- High foot traffic: Located near Rue de Romainville, a busy thoroughfare, and easily accessible on foot from several residential areas.
- Transportation access: A 10-minute walk from the Mairie de Montreuil metro station (line 9).
- Proximity to Paris: Just minutes away from the Paris ring road, providing quick access to the heart of the capital.
EXECUTIVE SUMMARY
This commercial property for sale, located in Montreuil, consists of two distinct units. The first unit is a commercial space of 334 m², currently occupied by a Peugeot dealership specializing in automotive repairs. This space is under a 3/6/9 commercial lease agreement, signed on July 1, 2014, with a monthly rent of €2,333. The lease was renewed on July 1, 2023, increasing the annual rent to €28,000.
The second unit is a townhouse adjacent to the commercial space, with a surface area of 55 m². On the ground floor, it features a living room, a kitchen, a bathroom, and a storage room. On the first floor, there are two bedrooms with storage spaces, opening onto a 4.64 m² balcony. This unit is rented under a furnished lease agreement, signed on March 1, 2013, with a monthly rent of €560.08.
The total annual rental income for this property is €34,720. The property is available immediately, and the sale includes both units.
The second unit is a townhouse adjacent to the commercial space, with a surface area of 55 m². On the ground floor, it features a living room, a kitchen, a bathroom, and a storage room. On the first floor, there are two bedrooms with storage spaces, opening onto a 4.64 m² balcony. This unit is rented under a furnished lease agreement, signed on March 1, 2013, with a monthly rent of €560.08.
The total annual rental income for this property is €34,720. The property is available immediately, and the sale includes both units.
PROPERTY FACTS
| Price | $780,263 |
| Price Per SF | $186.35 |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Rentable Building Area | < 15,000 SF |
| Year Built | 1890 - 1899 |
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CONTACT
-
François Lamirand -
Lamirand Et Associés
