Building - Saint Denis (Pierrefitte)

• Asset type: Building
• Area: Saint Denis (Pierrefitte)
• Floor area: 1,360 sq m
• Reference: 212651
• Price incl. agency fees: €4,200,000

REVAA presents, in Pierrefitte-sur-Seine, a property portfolio comprising four period buildings whose façades have recently been renovated and insulated. The transaction covers 38 lots combining residential units (T1 and T2, i.e. one- and two-room flats) and retail units, offered as a share deal.

The asset shows an occupancy rate of around 98%, for a current annual rent of approximately €406,320 (i.e. nearly €33,860 per month). Only one retail unit of approximately 30 sq m remains vacant: re-letting it would bring the annual rent to approximately €417,120. The gross yield stands at around 9.4%, with the potential to rise to 9.6% once the shop is re-let.

The diversification of the portfolio between residential and retail, combined with a high occupancy rate, secures rental income from the moment the asset is taken over.

Pierrefitte-sur-Seine, a developing town in the inner northern suburbs of Paris, benefits from extensive transport links: RER D, tramways T5 and T11 Express, metro line 13 nearby, as well as several bus lines (150, 168, 252, 268, 337, 361). This accessibility supports steady rental demand and prospects for capital growth in the medium and long term.

The full information pack is available on request.

Information on the risks to which this property is exposed is available on the Géorisques website https://www.georisques.gouv.fr