Building in Charolles (71120)
Building in Charolles (71120)Building in Charolles (71120)
€139,900

Building in Charolles (71120)

  • New
  • 159 m² gross area

Description

Profitable Rental Building - Historic Centre of Charolles Rental investment with gross yield exceeding 10% Located in the heart of Charolles, in a sought-after neighbourhood renowned for its gastronomic and commercial activity, this charming building represents an interesting opportunity for an investor seeking a real estate investment generating rental income. The building comprises: • A commercial space (48 m²), formerly operated as a restaurant and previously as a care centre, currently vacant. Its estimated rental value is between €400 and €500 per month. • A first 2-bedroom apartment (52 m²), currently rented at €400 per month. • A second 2-bedroom apartment (49 m²), currently rented at €400 per month. Based on a rental assumption of €400 per month for the commercial space, the building's potential rental income is: €1,200 per month, or €14,400 per year. Based on a sale price of €139,900, this represents a gross rental yield of 10.29%. The building also benefits from the character of period features, with several architectural elements preserved. A property to discover for an investor wishing to develop a rental portfolio in Burgundy, in a town whose commercial activity is dynamic and growing, while seeking an attractive level of return. Are you looking for a rental investment offering good return potential? Contact me to arrange a viewing.

Ref: 2087693

Characteristics

  • Electric heating
  • Built in 1850

Others informations

Condominium details

Number of units
8
Annual fees
not available
Current proceedings
no

Price details

Sale price
€139,900

of

Price per m²
€880 / m²

Fees incl. VAT payable by the seller

See the fees scale

Energy performance

Energy performance diagnosis

  • D

Greenhouse gas emission index

  • B

Others property types in Charolles

  1. Houses for sale Charolles (71120)