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75 years’ experienceFree estimatesProject monitoring

Life annuity House - Fréjus

20 rooms, 460 m²

  • Market value : 1 325 200 €
  • Contribution : 490 000 €
  • Pension : 3 480 €

Ref. 7608b - Ref. 7608 – TERM SALE/SALE ON CREDIT, PARTIALLY RENTED PROPERTY, FREJUS: Investment property including two buildings built on a 2.109 sqm piece of land, featuring 12 units (6 studios + 5 one bedroom apartments + 3 bedrooms 85 sqm VILLA). 10 units presently rented provide with 5.004 monthly renting income (not included condominium charges). Real potential higher. Most of the units are rented on one year contract basis. All of them (except bathrooms in 4 studios) were entirely renovated, and benefit from separated water and electricity consumption counters. 4 GARAGES, parkings, storage rooms, 3 entry gates. 80 sqm of attic space, convertible to living space. Construction 1950, entirely renovated after 2000. The property is in very good condition. Excellent investment vehicle in the real estate on the French Coast. LUMP SUM: 490.000 euros (agency fees included) + 240 indexed monthly instalments of 3.480 euros. Market value: 1.325.200 euros. Property tax: 6.256 euros (including 1.253 euros for the waste removal tax).

Details

  • Rooms 20 rooms
  • Area 460 m²
  • Heating Radiator, Electric, Individual
  • Hot water Hot water tank
  • Condition Good condition
  • Built in 1950
  • Renovation year 2010
  • Availability Rented

Services

  • Double glazing
  • Electric gate

Areas

  • 1 Land 2109 m²
  • 4 Garages
  • 1 Parking
  • 1 Shed