Property details
Ref:
A1YVCOUR59k010310
Property type:
Apartment
Location:
Located in Montpellier Historical Centre
Region:
Languedoc-Roussillon
Département:
Herault 34
Habitable Space:
20 m
2
Summary
Strong opportunity, Renovared period building, South facing, 2nd Floor, 50 metres from futur Tramway 3, 200 metres from Royal gardens and Arc de Triomphe, 500 metres from 12th century Medecine School!
Property description
Studio apartment in Historic central Montpellier. Strong demand for residential letting. €59,000
- 20m2 appartment
- Center of town
- Renovated period building
- New Tramline due 2012 within a 50 metres
- TGV train station 10 min walk
Great investment opportunity for this 2nd floor appartment in the Historical center of Montpellier!
Up and coming area, very strong rental demand, historical center with strong capital gain prospect.
- small kitchen
- bathroom/toilet
- Living room/bedroom with small balcony and large window facing South.
Data :
- Rental income of €4600
- Charges of €25/mth
- Taxe fonciere approx of €400/yr
- Management fees approx €300/yr
NET INCOME : €3600/yr
Purchase :
- €59000
- Notary fees approx. €4900
- TOTAL purchase cost : €63900
NET YIELD:
Residential : €3600/€63900 = 5.6% !!!
Image gallery
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1
Available now for
€59,000
Agency Fees Included? Yes
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