Property description

*** Video available on my website "Violaine Engels Capifrance" *** Located in a condominium of four lots, this former hotel offers immense potential for investors. The lot includes: - * Ground floor and entrance to the building *: Multipurpose space with numerous development possibilities. - * First floor *: Two floors of 134 m² and 102 m² respectively. - *To create the third plateau*: The floor has been removed and needs to be redone, providing an additional space of 140 m. A renovation estimate was established in November 2023 for an amount of 30,000 euros. - * Possibility of conversion into housing *: With the current configuration, it is possible to create at least seven housing units, including a studio on the ground floor and three to four housing units on the first floor, as well as two housing units on the second floor. - * Work to be carried out *: In addition to the renovation of the floor to add a second floor, all the accommodation remains to be created, including electrical work, plumbing, masonry, etc. - * Double-glazed windows *: All windows are equipped with 12 mm double glazing. - * Mains sewer connection *: The sanitation system is connected to the main sewer, providing additional convenience. - *Roof in good condition*: The roof is in good condition, ensuring lasting protection. Possibility of a rental yield of 12%. Ideal for an investor looking to capitalize on the redevelopment and conversion potential of this spacious space. Don't miss this unique investment opportunity in Olonzac. For more information or to arrange a viewing, please contact us today.


Number of lots in the co-ownership: 4, Average annual amount of the share of charges (projected budget): 0€ or 0€ per month. Fees are the responsibility of 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!