Building to renovate in Annonay town centre, ideal for investor, 6.2% gross return., Ardèche, Auvergne and Rhône-Alpes
Building with 4 floors including a shop of 23m² with mezzanine on ground floor and a garage of 26m². Potential annual rent 14 940 euros for 3 apartments of about 61m² (without counting the shop) once renovated. Estimated cost of obligatory renovation: 268 440 euros. Subsidy available: 103 284 euros. Contacts available for coordination of renovation work, rental management and building management. Project part of ambitious urban regeneration programme involving an investment of 20 million euros.