Investment property for sale in Pierre de Bresse (71)
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area
373 m2
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land
2431 m2
Presentation of the property : Building 14 rooms for sale in PIERRE DE BRESSE
A particularly attractive opportunity for an investor seeking a profitable real estate asset with significant potential for appreciation. Located in the heart of the village, this characterful property, fully renovated in the early 2000s, currently comprises two duplex apartments: a 127 sq m (85 sq m living space) two-bedroom apartment and a 143 sq m (106 sq m living space) three-bedroom apartment, as well as two commercial units. The entire property is occupied by tenants under residential and commercial leases, with a reported gross yield of over 10%. Another particularly reassuring point is the building's stable and continuous occupancy, with no vacancies recorded for nearly 25 years. But the appeal of this investment also lies in its development potential. The property includes an outbuilding requiring renovation, which, subject to obtaining the necessary permits and assessing technical feasibility, offers the potential to create additional living space, including two or three additional dwellings, or to pursue another development project. A plot of land measuring approximately 1,450 m², with development or subdivision potential to be confirmed in accordance with applicable planning regulations, completes the property and opens up further opportunities for increased value. The main building is in very good general condition. However, some facade improvements are still planned, which would also enhance the overall appeal and presentation of the building. For an investor already receiving rental income, the work that could be undertaken on certain parts of the property could also be advantageous within the framework of a tax-deductible renovation strategy, depending on the nature of the work carried out and the buyer's tax situation. Key features: • Projected gross yield of over 10% • 4 currently rented units: 2 residential and 2 commercial • Exceptionally stable rental history • Two commercial leases and two residential leases • Outbuilding with significant renovation potential • Potential to create 2 to 3 additional apartments • Land of approximately 1,450 m² with development potential • Subdivision and potential for medium-term appreciation A property combining immediate return, existing assets, and value creation potential. Complete file, rental status, and further information available upon request. So don't hesitate to contact me!
Nombre de lots de la copropriété : 4, Montant moyen annuel de la quote-part de charges (budget prévisionnel) : 10€ soit 0€ par mois. Les honoraires sont à la charge du vendeur.
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 :
Sale price 311 000 €Fees payable by the seller
Location of the property : Building 373 m2 for sale in PIERRE DE BRESSE
Features of this property :
| 340 939 294 150 | |
| 14 | |
| 373 m² | |
| 2 431 m² | |
| 1790 |
| yes |
| 311 000 € | |
| 2 389 € |
Average energy prices indexed as of January 1, 2021 (subscriptions included)
Capifrance advisor in charge of this property
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
