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4 Bed House for sale

Montélimar, Drôme, Rhone-Alpes, France

£471,368 *  [€548,625]

4 Bed House for sale

Montélimar, Drôme, Rhone-Alpes, France

£471,368 *  [€548,625]

Property Details


  • Bedrooms: 4
  • Bathrooms: 0

Full Description


INCOME-PRODUCING BUILDING OF APPROX. 380 m² IN CENTRAL MONTÉLIMAR

- 10 UNITS: 2 COMMERCIAL PREMISES + 8 RESIDENTIAL UNITS
GROSS YIELD: 8.48%

A great investment opportunity: this income-producing building of approximately 380 m² is ideally located in central Montélimar, close to all amenities.

The building enjoys a strategic location on a busy road, offering good visibility in particular for the two commercial premises.

BUILDING LAYOUT

The property comprises 10 units:

- 2 commercial premises
- 4 two-room flats
- 4 studio flats

The building has a balanced mix of commercial premises and residential units, allowing rental income to be diversified.

Currently, 8 of the 10 units are rented.

Only one two-room flat and one studio flat are currently vacant; all the other units are occupied.

At the current rental rates, the property could generate theoretical rental income of €3,875.90 per month, excluding service charges, or:

€46,510.80 in annual rent, excluding service charges

On this basis, the property offers a gross rental yield of approximately 8.48% at the asking price of €548,625.

The two currently vacant units also offer potential to increase rental income.

No major works are currently anticipated, allowing the buyer to acquire an investment with rental operations already well established.

KEY FEATURES

- Central Montélimar location
- 140 m²
- 10 units
- 2 commercial premises
- 4 two-room flats
- 4 studio flats
Gross yield: approximately 8.48%
1 two-room flat and 1 studio flat currently vacant

A TURNKEY INVESTMENT WITH STRONG POTENTIAL

This building is an attractive opportunity for an investor seeking an income-producing property in the town centre, with a high occupancy rate, a mix of residential and commercial units, and a gross yield of over 8%.

Asking price: €548,625

Property survey in progress.

For further information, please contact the agency.
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Map may not show exact location

This property listing (ref: Auw2rbcx0z0epbfa) is an advertisement supplied by French Gold Property and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8592 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.