House for sale
Longwy, Meurthe-et-Moselle, Lorraine, France
£1,540,872 *
[€1,770,000]
Full Description
Longwy, Mont Saint Martin - Discover this strategic building at the 3 borders, located in Mont-Saint-Martin, very close to Longwy and the Belgian and Luxembourg borders. Composed of 12 apartments + 2 commercial spaces, currently all rented. This ensemble offers excellent profitability potential. Main features: 12 rental apartments of type F2 and F3, providing stable rental income. A commercial space of 80 m2 on the ground floor and a 300 m2 commercial space with a basement + 10 private parking spaces. Both are currently leased with active commercial leases. An elevator serving all four floors, facilitating access for residents. Three of the 12 apartments have private balconies, and all apartments have access to a huge shared terrace, offering a relaxing space for everyone. Location advantages: quiet and pleasant neighborhood with a secure environment. Close to all amenities: shops, schools, and the large Auchan shopping center. Quick access to Longwy railway station (5 minutes by car) and a regular bus network, easing commuting. General condition: building in good condition, with a DPE rating of D for the apartments and C for the two commercial spaces. Electric heating. No asbestos. 2/3 minor electrical anomalies in 5 of the 12 units. Electrical panels all redone. Separate meters for all units. Common areas renovated. One more apartment recently renovated as well. Investment opportunities: strong potential to improve rental profitability with optimized management. No professional property manager. Leases are available for a future buyer. This property represents an exceptional opportunity for an investor seeking to acquire quality real estate in a high-demand area with exponential upside in the coming years. Do not hesitate to contact me for a viewing.
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