House for sale
Biarritz, Pyrenees-Atlantiques, Aquitaine, France
Full Description
Rare investment opportunity in Biarritz with this set of three independent commercial premises, all fully leased.
The complex covers a total area of just under 200 m², complemented by 43 m² of private terraces.
Composition:
- Premises 1: 52.52 m² + 23 m² terrace in use
- Premises 2: 62.29 m² + 20 m² terrace in use
- Premises 3: 83.42 m²
All three units are operated under current commercial leases.
Annual rental income: 38,280
Sale price: 750,000 FAI (fees all-inclusive to the buyer)
Highlights:
- Three independent rental incomes
- Mutually diversified rental risk
- Valued terraces in use
- Secured leases
- Attractive yield
- Medium-term revaluation potential
- Possibility for a wealth management strategy through subdivision
A turnkey investment particularly suitable for investors seeking immediate income while benefiting from potential appreciation in the Basque Coast commercial walls market. (4.90% including all fees payable by the purchaser.)
Condominium of 8 lots - including 6 residential units. (No ongoing proceedings).
Annual charges: 1,800.00 euros.
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