Building to renovate in historic centre of Annonay, ideal for investor as 6.9% gross return., Ardèche, Auvergne and Rhône-Alpes
€99,000 [convert]

3 226m2

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Key Features

Property Type: House
Number of bedrooms: 3
Bathrooms: 3
WCs: 1
France Property Shop ID: 538392
Reference: SPF-102446JCI07

Property Description

4 floor building with cellars, shop of 108m² on ground floor and space for apartments of about 76m² on each of the other 3 floors. Extensive renovation obligatory based on established specifications and with application for planning permission. An estimated 17 928 euros of annual rent could be made from the apartments once renovated (498 euros per month per apartment). The shop could also be rented out for additional income. Subsidy available (126 000 euros) to help with cost of renovation (281 152 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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