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Commercial in ANNONAY , Ardeche , Rhone Alps

€99,000 (HAI)** £88,954**
Ref: 102446JCI07
french property for sale

Find out more ...

Building to renovate in historic centre of Annonay, ideal for investor as 6.9% gross return.

Jon Chinn , your local Leggett agent, says :

Price €99 000 (HAI)**
**agency fees included : 10 % TTC to be paid by the buyer
(€90 000 without fees)
Ref 102446JCI07
Town ANNONAY
link to google map MAP
Dept Ardeche
Surface 226 M2* Plot Size 0 M2
Bathroom 3 Bedrooms 3
Location
  • 0-2KM to amenities
  • Town property
Type
  • Commercial
  • Holiday Home
Features
  • Business potential
  • Character property
  • Double glazing
  • High speed internet
Condition
  • To be renovated
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Print description
drapeau Français Voir l'annonce en français
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 over 4 years involving an investment of 20 million euros. Read more ...

Features of building:
-townhouse facing West, East and South
-West facing balcony on 1st floor
-charming old style property with wooden floors and fireplaces
-renovation required includes insulation of walls, ceilings and floors, new double glazed windows, fitted kitchen, electricity, creation of staircase outside the building to gain space inside and complete refurbishment in apartments and communal areas
-gas heating
-high speed internet access (optical fibre expected soon)
-shop of 108m² including WC, corridor, boiler room and mezzanine (2m15 high ceiling) with shop window on ground floor and mezzanine (total 87m² over 1m80)
-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 2500 euros
-floorplans of each floor available on request
-possibility of converting shop into apartment due to mezzanine and access to courtyard

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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DPE : The energy estimation cannot be produced owing to a lack of appropriate data that conforms to the "arrêté du 15 septembre 2006 relatif au DPE".

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