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Building Comprising 10 Apartments with Excellent Rental Record Price: € 585,000
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 More Info and Immobilier for Ceret
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Full Description:
This property represents an exceptional opportunity for an investor. The block of nine apartments in the centre of Amelie-les-Bains enjoys a high rental figures from the ‘cureists’ who visit the town to take the beneficial waters at the spa, staying an average of three weeks at a time. The property is in a reasonable state of repair although it would benefit from a light refresh; the lower ground floor of the building is currently used for storage however it would transform well into an independent 2 bedroom apartment with private garden and parking, thus increasing the overall rentable value. As it stands today the building offers a gross return on investment of approximately 9%
The property is currently divided as follows:
Lower Ground Floor
Private access from the street behind onto a small garden with door into the building; approximately 100m2 across four rooms, currently used for laundry and as storage. Internal staircase leading up to:
Ground Floor
Gated access from the street onto an enclosed terrace with parking for two cars, large double front door opens onto a central corridor of which there is an office and two apartments, the first with open-plan lounge/diner featuring two sets of double French windows opening onto terrace outside, good size double bedroom, shower room with wash hand basin and separate WC. The second apartment has a lounge/bedroom, kitchen/diner, shower room with wash hand basin and separate WC.
First Floor
Central stairwell with landing serving three apartments: a studio apartment and a one bedroom apartment both featuring French windows onto a south-facing balcony, plus a two room apartment.
Second Floor
Central stairwell with landing serving three apartments: a studio apartment and a one bedroom apartment both featuring French windows onto a south-facing balcony, plus a two room apartment.
Third Floor
Occupying the top floor this two bedroom apartment features both a south-facing balcony plus a roof terrace with summer kitchen/BBQ area and views across the river Tech.
The apartments all have individual electricity meters and a shared water supply which could easily be divided. Inside they feature individual water heaters and electric wall heaters.
Summary
An excellent investment opportunity for either a live-in or absent landlord. There are a number of possibilities for the building including the installation of a restaurant with outside eating terrace on the ground floor with private apartments above or a different mix of residential and commercial activities.
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