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Investment
Investment
SAINT GILLES 30800

4-room apartment + 10 garages + 4 parking spaces – 89 m² – Heart of Saint-Gilles – Investment + residential

  • area
    89 m2
  • land
    552 m2

Presentation of the property : Building 4 rooms for sale in SAINT GILLES

El Kholti Émilie, your Capifrance real estate partner, invites you to discover an apartment that can help cover part of your mortgage thanks to its garages and parking spaces! This 89 m² (958 sq ft) 3-bedroom apartment is located on the 1st floor, above 10 garages and 4 parking spaces, on a 552 m² (5,900 sq ft) enclosed plot in the heart of Saint-Gilles. The apartment features: a bright living/dining room opening onto a fully equipped kitchen; a functional and spacious kitchen open to the living area; a 19 m² (205 sq ft) south-facing terrace, ideal for meals and relaxation; 3 comfortable and spacious bedrooms, all with storage; a bathroom with shower and vanity unit; a separate WC; and a convenient pantry/laundry room for storage and laundry. Secure access is provided by a motorized garage door, electric gate with keypad entry, and video intercom. Heating is provided by reversible air conditioning and electric radiators. Attractive rental investment: 10 garages rented at €65/month each, 4 parking spaces rented at €35/month each. Current rental income: €790/month (€9,480/year). Net return on the garages/parking spaces if you live in the apartment: 7.6%. Immediate potential: rents currently very low → possibility to increase to improve yield and cash flow. Strengths: Primary residence + secure rental income, Central location, sought-after area, Enclosed 552 m² plot, Motorized garage + electric gate, Reversible air conditioning. Ideal for a family or an investor wishing to live in and generate rental income. 💡 Tip: By living in the apartment, the rents from the garages and parking spaces reduce the monthly mortgage payment by half, representing a real saving of approximately €1,087/month for a 25-year loan. A rare find in this area, don't miss out! Price: €329,000 (agency fees included)
The fees are to be paid by the seller.
Les informations sur les risques auxquels ce bien est exposé sont disponibles sur le site Géorisques : www. georisques. gouv. fr.

** ENGLISH SPEAKERS: please note that Capifrance has an international department that can help with translations. To see our range of 20,000 properties for sale in France, please visit our Capifrance website directly. We look forward to finding your dream home!

Additional information :

Total price including fees 329 000 €
Fees payable by the seller

To view the fee schedule : click here

Location of the property : Building 89 m2 for sale in SAINT GILLES

30800 SAINT GILLES

Features of this property :

340 930 241 410
4
89
552
yes
yes
329 000 €
2 334 €
DPE_ passoire énergétique logement extrêmement performant logement extrêmement peu performant consommation (énergie primaire) 173 kWh/m²/an émissions* 5 kgCO2/m²/an
DPE_ * Dont émissions de gaz à effet de serre peu d'émissions de CO2 émissions de CO2 très importantes 5 kgCO2/m²/an
Estimated annual energy costs of the property
Between 810 € and 1160 € by year
Estimated amount of annual energy expenditure for standard use : in the form of a range with indication of the range

Average energy prices indexed as of January 1, 2021 (subscriptions included)

Capifrance advisor in charge of this property

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FAQ
The Capifrance team answers your frequently asked questions:

To obtain a mortgage, it is necessary to compile a loan application file with a bank or a credit institution. The conditions for granting a loan generally include a personal contribution, job stability, a reasonable debt-to-income ratio, and a good repayment capacity. It is advisable to compare offers from different institutions to get the best terms.

In addition to the purchase price of the property, several additional costs should be anticipated, such as notary fees (approximately 7 to 8% of the sale price for an older property), agent fees, loan application fees, insurance, as well as potential renovation or furnishing costs.

The difference between a sales agreement and a sales promise lies mainly in the commitment of the parties and the consequences in case of non-compliance with the terms of the contract.
Sales agreement: Strong mutual commitment between both parties. If one party withdraws, the other can demand the forced execution of the property sale.
Sales promise: Unilateral commitment from the seller. The buyer has the option to purchase or not, with a reservation fee in case of non-purchase.

. Contact a Real Estate Advisor
Express your interest in the property for sale.

. Propose a Price and Purchase Conditions
Indicate the offered price and conditions (timeline, contingencies, etc.).

. Wait for the Seller's Response
The seller can accept, reject, or propose a counteroffer.

. Formalize the Sale
If the offer is accepted, sign a sales agreement and verify the legal documents.
Finalize your financing if necessary.
Sign the deed of sale at the notary's office to officially become the owner.

These steps will help you secure and successfully complete your real estate purchase.

Do you need advice for your real estate project? Contact a Capifrance advisor

Find out the market price of your property

For a successful sale
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Emilie EL KHOLTI
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