66000 Perpignan 1,829 SF Flex Condo Unit Offered at $188,075

Francisco RODRIGUEZ presents this Rental Income Building available with a ground footprint of approximately 60 m², spread over 4 levels (ground floor, 1st floor, 2nd floor, 3rd floor). Each level has an area of 45 m². Access to the upper floors is through the shop with a storefront on the ground floor: a staircase needs to be recreated around the existing opening to provide access to the 3 two-bedroom apartments on the 1st, 2nd, and 3rd floors. The 3 apartments require complete renovation: the estimated renovation cost is 35,000 euros per apartment; the cost to restore the staircase is approximately 10,000 euros. This results in a total renovation budget of 115,000 euros. The rental value of the building is 362,000 euros: 3 apartments with a total rental value of 262,000 euros, with a monthly rent of 470 euros plus a monthly provision for rental charges of 20 euros, with a net return rate of 6%. Additionally, there is 1 commercial space with a total rental value of 100,000 euros, with a monthly rent of 700 euros plus a monthly provision for rental charges of 20 euros, with a net return rate of 8%. The net rental value after renovations, ensuring a return rate of 8% for the commercial space and 6% for the apartments, amounts to 247,000 euros. The building is offered for sale at 182,000 euros, seller's fees included, to account for the cost of roof renovation (an estimated quote has already been prepared). Part of the renovation costs is financed by the State through tax savings related to the 10-year deferral of property deficits generated by the renovation work. Rental areas by level: Ground floor: approximately 45 m² of retail space with a 5/6 meter storefront 1st floor: 45 m² apartment to renovate with 1 bedroom 2nd floor: 45 m² apartment to renovate with 1 bedroom 3rd floor: 45 m² apartment to renovate with 1 bedroom The building is located in a prime location (Place de la République / 66 000 PERPIGNAN). This property is reserved for experienced investors with validated bank financing. Energy Performance Certificate (EPC) C - Greenhouse Gas Emissions (GES) B Estimated annual energy expenses for standard use: 1,218 euros, indexed to the year 2021. To visit this property and assist you with your project, contact Francisco RODRIGUEZ, Real Estate Advisor and Certified Real Estate Expert, at 06 18 38 07 34 or by email at f.rodriguez@proprietes-privees.com. According to Article L.561.5 of the Monetary and Financial Code, an ID will be required for the visit. This announcement was drafted under the editorial responsibility of Francisco RODRIGUEZ acting as a commercial agent with SAS PROPRIETES PRIVEES, with a capital of 44,920 euros, ZAC LE CHÊNE FERRÉ - 44 ALLÉE DES CINQ CONTINENTS 44120 VERTOU; SIRET 487 624 777 00040, RCS Nantes. Professional Card for Real Estate Transactions and Property Management n°CPI 4401 2016 000 010 388 issued by the CCI Nantes - Saint Nazaire. Escrow account n°30932508467 BPA SAINT-SEBASTIEN-SUR-LOIRE (44230). Guarantee GALIAN-SMABTP - 89 rue de la Boétie, 75008 Paris - n°28137 J for 2,000,000 euros for T and 120,000 euros for G. Professional liability insurance by GALIAN-SMABTP policy n° 28137.J Mandate ref: 409533 - The professional guarantees and secures your real estate project. Sale price including agency fees: 182,000 euros, seller's charge Francisco RODRIGUEZ (EI) Commercial Agent - RSAC Number: Perpignan 483658381.