Building to renovate with 12 apartments on 5 floors, shop, cellars, warehouse and attic, situated in Annonay town centre, great investment, 6% gross return., Ardèche, Auvergne and Rhône-Alpes
€172,800 [convert]

20 695m2

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Key Features

Property Type: House
Number of bedrooms: 20
Bathrooms: 12
WCs: 1
France Property Shop ID: 538391
Reference: SPF-102445JCI07

Property Description

4 x studios and 8 x 2 bedroom apartments that can be rented out. Extensive renovation obligatory based on established specifications and with application for planning permission. An estimated 56 000 euros of annual rent could be made from the apartments once renovated. Subsidy available (385 860 euros) to help with cost of renovation (1M142 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.


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