03200 Vichy 8,310 SF Flex Building $1,798,999 ($216.49/SF)

For Sale: Exceptional Building in Vichy
Unique Features
• Operated as a Professional Furnished Rental (LMP): Not to be confused with Non-Professional Furnished Rental (LMNP), whose tax benefits are being challenged.
• Location: Situated right in the city center of Vichy on a cadastral area of 385 m².
• Recent Renovations: The building has been largely renovated with exterior insulation and a new roof.
• 2019 Diagnostics
• Energy Consumption Rating: C
• Greenhouse Gas Emission Rating: D
• A unique diversity of tenants without the drawbacks, in other words, a good clientele.
Building Composition
The building for sale in Vichy is truly exceptional for several reasons:
1. Unique Features: This building stands out for its unique features, including its location in the heart of Vichy on a cadastral area of 385 m².
2. Recent Renovations: The building has been largely renovated, with exterior insulation and a new roof. These renovations ensure not only better energy efficiency but also increased durability.
3. Financial Potential: With rental income of over 110,000 euros, all charges included, and a net profit of over 70,000 euros annually, this building represents an exceptional financial opportunity. Additionally, the financial return can be significantly increased as the current rents are not very high.
4. Simplified Management: The current owner spends only 2 to 3 hours per month managing the building, making it an attractive option for investors seeking a low-maintenance property.
5. Variety of Housing: The building includes a variety of housing options, from studios to three-room apartments, catering to a wide range of rental needs.
In summary, this building in Vichy is a rare opportunity, combining an ideal location, quality renovations, high financial potential, and simplified management.
Ground Floor
• Three-room apartment of 69 m²
• Three-room apartment of 64 m²
• Three-room apartment of 62 m²
• Entrance hall
• Office
• Courtyard of about 25 m²
1st Floor
• One-room apartment with alcove of 28.80 m²
• One-room apartment with alcove of 30.70 m²
• One-room apartment with alcove of 23.75 m²
• Two-room apartment of 32 m²
• Studio of 18 m²
• Two-room apartment of 38.85 m²
• Two-room apartment of 31.50 m²
2nd Floor
• Two-room apartment of 47.60 m²
• One-room apartment with alcove of 23.75 m²
• Two-room apartment of 32.25 m²
• Studio of 20.90 m²
• Two-room apartment of 32.35 m²
3rd Floor
• Two-room apartment of 47.60 m²
• One-room apartment with alcove of 23.75 m²
• Two-room apartment of 32.25 m²
Basement
• Cellars, storage, and boiler room
Financial Details
• Rental Income: Over 110,000 euros, all charges included.
• Expenses: Approximately 50,000 euros.
• Net Profit: Over 70,000 euros annually.
• The current owner spends between 2 to 3 hours per month managing the building.
Optimization Potential
The financial return can be significantly increased as the current rents are not very high. The management as a Professional Furnished Rental, various capital gains exemptions in the long term, and diverse renovations make this well-maintained building a great investment over time.
It is also possible to change the activity to offer shared housing, subject to adaptation work.
Exclusive contact for viewing, Christophe DEBUS
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The fees are the responsibility of the seller.
The Energy Performance Certificate (DPE) was carried out according to a valid but unreliable and non-opposable method.
Information on the risks to which this property is exposed is available on the Géorisques website: www.georisques.gouv.fr.
CAPIFRANCE Real Estate Network - Your commercial agent (RSAC No. 439 436 197 - CUSSET Registry) Christophe DEBUS Individual Entrepreneur 06 10 45 64 11 - Ref.896822