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Apartment 6 rooms in ANNONAY , Ardeche , Rhone Alps

€147,150 (HAI)** £126,520**
Ref: 102441JCI07
french property for sale

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Building with 6 apartments, cellars and a garage to renovate in Annonay town centre, ideal for investor, 8.24% gross return.

Price €147 150 (HAI)**
**agency fees included : 9 % TTC to be paid by the buyer
(€135 000 without fees)
Ref 102441JCI07
link to google map MAP
Dept Ardeche
Surface 300 M2* Plot Size 0 M2
Bathroom 6 Bedrooms 6
  • 0-2KM to amenities
  • Town property
  • Village property
  • Apartment
  • Family Home
  • Holiday Home
  • Business potential
  • Garage
  • High speed internet
  • Private parking
  • To be renovated
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drapeau Français Voir l'annonce en français
Great investment project consisting of a 4 floor building with cellars and garage of 80m² to renovate. Potential annual rent: 24 636 euros. Estimated cost of obligatory renovation: 300 000 euros. Subsidy available: 159 000 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.

Characteristics of building:
-facing West and East
-garage of 80m² on ground floor
-1st floor with a 3 bedroom apartment of 108m² (potential rent 647 euros)
-2nd floor with 2 x 2 bedroom apartments of 50m² and 55m² (rent 330 and 365 euros)
-3rd floor with 3 x 1 bedroom apartments of 32m², 35m² and 39m² (the renovation project suggests the creation of 2 apartments on this floor, rent 349 and 362 euros )
-charming old style property with wooden floors and fireplaces
-renovation required includes insulation of walls, ceilings and floors, new double glazed windows, electrics, ventilation, fitted kitchen and complete refurbishment in apartments and communal areas
-qualified project manager required for coordination of renovation work
-gas heating
-high speed internet access (optical fibre expected soon)
-garden area planned between buildings - town will demolish part of building that is damaged, at back, to create space for garden
-other buildings in Annonay also available, details on request
-land tax currently 3207 euros
-floorplans shown are 3rd and 2nd floors. Available for 1st floor and ground floor on request

Some information on Annonay:
-17 000 inhabitants and growing (+4.3% between 2015 and 2017)
-economic capital of the Ardeche area and main source of employment
-3220 companies representing 13 200 salaried workers
-8 kms/20 minutes from Peaugres Safari Park
-13 kms/20 minutes from Pilat natural regional park
-45 kms/50 minutes from Vienne, famous for its Jazz Festival and Roman amphitheatre
-50 kms/1 hour from TGV station in Valence
-75 kms/1 hour 15 from Lyon city centre
-90 kms/1 hour 20 from Lyon Saint Exupery Airport
-350m from coach station for public transport to Lyon, Valence or St Etienne

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