Rare investment opportunity in historic centre of Annonay, 1 hour South of Lyon, consisting of 7 apartments in the same building to be renovated, along with garages, attics and 5 cellars. Rate of return: 7% gross profitability., Ardèche, Auvergne and Rhône-Alpes
Studio of 28m² on ground floor, sold rented out for 300 euros per month. 3 bedroom apartment on 1st floor of 85m², sold rented out for 330 euros a month. 1 bedroom apartment of 41m² and 1 bedroom apartment of 50m² on 2nd floor. 3rd floor consists of 3 x 1 bedroom apartments, 27m² rented out at 255 euros a month, 28m² and 37m². Space for 4-5 cars in large garage, rented out at 120 euros a month. Potential annual rent: 23900 euros. Renovation obligatory (planning permission included in sale). Estimated at 310 000 euros. Subsidy of 163 000 euros available. Co-ownership with 9 units. Monthly building management costs between 67 and 75 euros for all 7 apartments. East facing building, so sunny in the morning. 350m on foot from bus station ( for connections to Lyon, St Etienne, Valence).