66000 Perpignan 1,830 SF Flex Building $188,024 ($102.75/SF)

Francisco RODRIGUEZ is offering this rental investment building, free of occupancy, with a footprint of approximately 60 m², spread over 4 levels (ground floor, 1st floor, 2nd floor, 3rd floor). Each level has a surface area of 45 m². Access to the upper floors is through the ground-floor shop with a storefront: a staircase needs to be rebuilt around the existing opening to provide access to the three T2-type apartments located on the 1st, 2nd, and 3rd floors. The three apartments require complete renovation, with estimated renovation costs of €35,000 per apartment. The cost of rebuilding the staircase is approximately €10,000. This brings the total renovation budget to €115,000. The rental value of the building is €362,000: three apartments with a total rental value of €262,000, generating a monthly rent of €470 plus a monthly provision for rental charges of €20, with a net profitability rate of 6%. Additionally, there is one commercial space with a total rental value of €100,000, generating a monthly rent of €700 plus a monthly provision for rental charges of €20, with a net profitability rate of 8%. The net rental value after renovations, ensuring a profitability rate of 8% for the commercial space and 6% for the apartments, amounts to €247,000. The building is offered for sale at €182,000, seller's fees included, taking into account the cost of roof renovation (an estimated quote has already been prepared). Part of the renovation costs is financed by the government through tax savings linked to the 10-year carryforward of property deficits generated by the renovation work. Rental surfaces by level: - Ground floor: approximately 45 m² of shop space with a storefront of 5-6 meters. - 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 rating: DPE C - GES B Estimated annual energy expenses for standard use: €1,218, 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 +33 6 18 38 07 34 or via email at f.rodriguez@proprietes-privees.com. According to Article L.561.5 of the Monetary and Financial Code, a valid ID will be required for organizing the visit. This announcement has been prepared under the editorial responsibility of Francisco RODRIGUEZ, acting as a commercial agent for SAS PROPRIETES PRIVEES, with a capital of €44,920, located at ZAC LE CHÊNE FERRÉ - 44 ALLÉE DES CINQ CONTINENTS 44120 VERTOU; SIRET 487 624 777 00040, RCS Nantes. Professional license for real estate transactions and property management (T and G) No. CPI 4401 2016 000 010 388 issued by the CCI Nantes - Saint Nazaire. Escrow account No. 30932508467 BPA SAINT-SEBASTIEN-SUR-LOIRE (44230). Guarantee by GALIAN-SMABTP - 89 rue de la Boétie, 75008 Paris - No. 28137 J for €2,000,000 for T and €120,000 for G. Professional liability insurance by GALIAN-SMABTP, policy No. 28137.J. Mandate Ref: 409533 - The professional guarantees and secures your real estate project. Sale price including fees: €182,000, seller's charge. Francisco RODRIGUEZ (EI) Commercial Agent - RSAC Number: Perpignan 483658381.