Rue Des Pyrénées 473 SF Retail Condo Unit Offered at $418,922 in 75020 Paris
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EXECUTIVE SUMMARY
Located in the 20th arrondissement of Paris, this building is located in a neighborhood, renowned for its lively and cosmopolitan atmosphere. It has excellent accessibility thanks to its numerous connections to public transport, including metro and bus lines. Close to stations such as Jourdain and Pyrénées, this location facilitates travel for employees and customers. The sector is also marked by a diversity of local shops, restaurants, and services, creating an attractive and practical environment for employees. The proximity to parks such as Belleville Park adds a pleasant dimension for breaks or outdoor activities, promoting well-being at work. In terms of professional development, this location is distinguished by its proximity to business centers and incubators, reflecting the entrepreneurial spirit of the neighborhood. Finally, the Rue des Pyrénées itself is a dynamic shopping street, offering increased visibility for a company wishing to establish its presence in a booming neighborhood.
PROPERTY FACTS
| Price | $418,922 |
| Unit Size | 473 SF |
| No. Units | 1 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Floors | 6 |
| Year Built | 1900 - 1909 |
1 UNIT AVAILABLE
| Unit Size | 473 SF |
| Price | $418,922 |
| Price Per SF | $885.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Agency Fee | $2 |
DESCRIPTION
Sale of commercial premises located at the foot of a well-maintained building, offering an ideal location and a stable investment opportunity.
This property consists of a shop with a surface area of 39 m², accompanied by a cellar of approximately 5 m², offering additional storage space. The premises have currently been rented by the same tenant since 2013, testifying to the stability and sustainability of the occupation.
SALE NOTES
The annual rent generated by this property is €24,372 excluding charges, an interesting and regular source of income for investors. Note that the property tax is borne by the tenant, thus reducing the costs for the owner.
The sale price includes fees of 1.93% at the expense of the purchaser. The price excluding fees thus amounts to 363,000 euros.
This property represents an excellent investment opportunity for those looking for a secure rental return in an attractive area.
Other
CONTACT
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Rudy Harosch -
Orpi
