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Ref | A21149MYW84 | ||
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Town |
CAVAILLON MAP |
Dept | Vaucluse |
Surface | 248 M2* | Plot Size | 109 M2 |
Bathroom | 5 | Bedrooms | 8 |
Location |
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Condition |
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Ideal investor: Apartment building with a gross return of 7.75% and net of 6.4% which was renovated in the years 2004 and 2006 following building permit. Cavaillon is a French commune in the south-east of France, located in the department of Vaucluse in the Provence-Alpes-Côte d'Azur region, near les Alpilles, le Luberon et les Monts du Vaucluse, known to be the capital of Melon. This town of 27,000 inhabitants is located 17 km from Gordes, 20 km from Saint-Rémy-de-Provence, 10 km from Isle-sur-la-Sorgue, 2 km from the motorway, and 25 km from Avignon TGV station. Cavaillon is a city with very high rental demand due to its position in the Vaucluse and on the outskirts of the Bouches-du-Rhône department (you cross the Durance bridge and you arrive in Plan d'Orgon in the department of the Bouches-du-Rhône).
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LEGGETT INTERNATIONAL offers you in exclusivity this building comprising five apartments completely renovated in 2004 and 2006, and regularly maintained. The building is composed as follows:
- a T2 of 35.02 m2 carrez which was rented from 02/03/2012 until 30/04/2023. It has just been refreshed and will be re-let 475 € + 20 € of charges, i.e. a total CC of 495 € (DPE in D: 224 kwh/m2/year, GHG: 7 kg/CO2/year),
- a T3 of 56.73 m2 carrez rented since 03/26/2022 at €642 + €25 charges, i.e. a CC rent of €667 (DPE in D: 187 kwh/m2/year, GHG: 5 kg/CO2/ year),
- a T2 of 33.54 m2 carrez rented since 06/02/2022 at €472 + €20 charges, i.e. a CC rent of €492 (DPE in E: 327 kwh/m2/year, GHG: 10 kg/ CO2/year),
- a T4 of 73.34 m2 carrez rented since 01/02/2020 at 753 € + 25 € of charges i.e. a CC rent of 778 € (DPE in E: 315 kwh/m2/year, GHG: 10 kg/CO2/year ),
- a T2 of 43.15 m2 carrez rented since 09/04/2021 at €438 + €15 charges, i.e. a CC rent of €453 (DPE in E: 272 kwh/m2/year, GHG: 8 kg/CO2 /year),
i.e. a total of 2780 € HC and 2885 € CC.
All apartments are rented on a 3/6/9 lease. The water and electricity meters are independent. The property tax is €3331 per year. All the apartments are equipped with electric heating and reversible air conditioning, and hot water is produced by electric cumulus. The outbuildings are clean and the building is in good general condition. The joinery is made of double-glazed wood but deserves an improvement to raise the DPE score. The energy performance diagnostic of certain dwellings can be improved easily and without major work (either by improving the double glazing, or by removing the electric radiators and/or by adding an air conditioning unit or two depending on the size of the dwelling).
The building is ideally located close to all amenities, the bus and train station, close to the city center, restaurants, cafes, doctors. Parking spaces are found all around the apartments as well as free and paid car parks ( parking areas are free in the evening from 6:00 p.m. until 9:00 a.m. in the morning, between noon and two o'clock and the weekends from from Saturday at noon until Monday 2 p.m.).
The area is quiet and pleasant, with new constructions all around, a nice square a little upstream and a direct access to the city center and to the main street where all the shops are located.
Information on the risks to which this property is exposed is available on the Geohazards website: https://www.georisques.gouv.fr/
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Information about risks to which this property is exposed is available on the Géorisques website : https://www.georisques.gouv.fr
*These data are for information only and have no contractual value. Leggett Immobilier cannot be held responsible for any inaccuracies that may occur.*
**The currency conversion is for convenience of reference only.