Building Avignon (84)

description

Single-owner investment property – Ideal for investors Prime location in the heart of the historic center, on a pleasant pedestrian street. This single-owner property consists of a commercial space of approximately 35 m², two renovated and air-conditioned apartments of approximately 42 m² each, and a third apartment on the top floor in need of renovation. The two renovated apartments are sold furnished. Each apartment has individual water and electricity meters. The property currently generates an annual rental income of €34,000, with a potential return estimated at approximately €37,000 after renovation of the top floor. The existing leases are as follows: • Commercial premises: 3/6/9 lease, • Two furnished apartments: 11-month leases with seasonal use during the Avignon Festival, • Top floor: unfurnished residential lease for the whole year. A rare property in the area, offering profitability, a prime location, and rental diversification. “Information on the natural risks to which this property is exposed is available on the Géorisque website.”