Presentation of the property : Building 15 rooms for sale in CORREZE
A fantastic opportunity awaits with this property complex totaling 703 m², comprising a stone house adjoining and connected to a former pharmacy, all situated on a 1,443 m² plot.
Located in the charming town of Corrèze (19800), this property would appeal equally to a large family seeking spacious commercial premises and/or a large house (ideal for family living) and/or an investor looking for rental income.
Of the eleven units in this co-ownership, established in February 2015, two have been sold to the same owner-occupier, and the remaining nine units are for sale as a single lot, as they are currently vacant and have never been occupied.
The units for sale as a single block, representing 785/1000ths of the entire condominium, are comprised as follows: Unit no.1 on the ground floor consists of a large, adaptable open-plan space of 153 m² currently used for commercial purposes. It is possible to convert this unit into a residential unit, or even create an additional unit by dividing it into a 108 m² unit and a 45 m² unit, thus optimizing rental income.
Also on the ground floor, Unit no. 2, measuring 43.50 m², is a residential unit that can be rented very quickly: it comprises a living room with an open-plan kitchen, a shower room, two bedrooms, and a separate toilet.
On the first floor, unit no. 4, a 52.50 sq m (560 sq ft) residential unit, is also available for immediate rental. It comprises a living room with an open-plan kitchen and fireplace (over 30 sq m / 323 sq ft), a 5.60 sq m (640 sq ft) bathroom, an 11 sq m (118 sq ft) bedroom, and a separate WC.
On the second and top floor, unit no. 5, a 95 sq m (1022 sq ft) residential unit (66.80 sq m / 690 sq ft under the Carrez Law), includes six rooms and requires complete reconfiguration to create either one or two apartments. In the latter case, this would involve dividing the unit into two independent units, thus optimizing rental income.
Beneath the modern section of the building that formerly housed the pharmacy, a large, enclosed basement contains four parking spaces, of which units 7, 8, and 9 are included in the sale.
Finally, two cellar units, no. 10 and 11, are also present.
The common areas are in good condition, as are the walls, framework, and roofs, which require no work. On the street side of the oldest building, the exterior joinery and shutters need replacing. The price of all the units for sale, totaling over 313 m² of living space, takes into account the necessary renovations. This sale price is €75,004, including agency fees. Patrick Maïto, available 7 days a week, will be your sole point of contact to answer all your questions and show you the property.
Number of units in the condominium: 11. Average annual share of expenses (estimated budget): €500, or €41 per month, with a volunteer property manager. Agency fees are payable by the buyer, amounting to 10.30% including VAT of the price excluding fees. Energy consumption rating: G.
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 75 004 €
Price excluding fees 68 000 €
Fees payable by the buyer are 10.3% all taxes included
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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