Perpignan City Centre at the beginning of Rue de L'Argenterie, just steps away from Place République and the Castillet. Entire building requiring renovation work. Currently composed of: * A commercial space of approximately 30m² on the ground floor with storefront + a basement cellar (former pharmacy) And above, four floors of approximately 30m² each. Each floor currently contains two very small units of approximately 13 to 14m² each, but these would need to be converted into a single T2 apartment or large studio. Each level has two French doors opening onto small balconies + one window facing the internal corridor. Currently there is only one electrical meter, but a file has been submitted and approval has been granted for 5 additional meters—one per apartment and one for the commercial space, with the current meter serving common areas. Only one water heater in the building's attic; you would need to install one per apartment if you wish to rent individually on a yearly basis, otherwise the current arrangement can remain. The building is sold unoccupied. More information available by phone. The units on the 1st and 2nd floors on the right side have been renovated, so approximately half of each floor is updated; the remaining areas require complete renovation (see photos). The roof and skylight require replacement, the building's light shaft needs review, and the commercial space flooring requires attention. A complete quote from a qualified contractor for this type of work has been prepared and is available to you. A significant portion of the work may be eligible for subsidies. After subsidies are recovered, the remaining cost is approximately €130,000. Complete file available. Ideal for individuals experienced with this type of project. Once the work is completed, you can consider renting: Commercial space: approximately €600/month Apartments: €500/month furnished and newly renovated Or rent to students September to June (Law Faculty 5 minutes on foot) And rent nightly or weekly for the 9 summer weeks ESTIMATED TOTAL MONTHLY INCOME: €2,600 in standard rentals That is €31,200/year OR STUDENTS + SUMMER NIGHTLY RATES Approximately €40,000/year (€40 per night) I am available to provide you with more details on this project. Complete file available. Please prioritize phone calls over emails for more fluid and faster communication. FREE PROPERTY VALUATION OFFERED FOR PERPIGNAN AND SURROUNDING AREAS 20 YEARS OF EXPERIENCE