Flat - Courbevoie

• Asset type: Flat
• Area: Courbevoie
• Floor area: 39 sq m (env.)
• Reference: 212664
• Price incl. agency fees: €160,000

REVAA presents for sale, as a buy-to-let investment, a 2-room flat of approximately 39 sq m sold with a sitting tenant, located on the 3rd floor with lift of a building on avenue de la Liberté in Courbevoie, in the heart of the Bécon-les-Bruyères district.

The property is sold occupied. The flat is let unfurnished to a tenant in place since 1 October 2005, under a residential lease governed by the law of 6 July 1989. The current rent is €651.23 per month excluding service charges, i.e. €7,815 per year. The tenant enjoys enhanced protection under Article 15-III of the law of 6 July 1989. The buyer takes over the existing lease.

The flat comprises a living room, a bedroom, a kitchen and a shower room with WC. As the tenant has not allowed access to the flat to date, it has not been possible to view it: its area, estimated at approximately 39 sq m by comparison with a lot of the same type in the building, remains to be measured, and the surveys (Carrez law measurement, EPC) remain to be carried out. The property is sold as is.

It will suit an investor seeking immediate rental income (current gross yield of around 4.9% on the price including agency fees) and potential for a rent increase over time, as the current rent is well below market rents in Courbevoie.

The neighbourhood: Bécon-les-Bruyères is a residential and shopping district of Courbevoie, on the edge of Paris and La Défense. Shops, markets, schools and services are right at the foot of the building.

Transport: Bécon-les-Bruyères station (Transilien line L) is close by and reaches Paris Saint-Lazare in around ten minutes. The La Défense business district can be reached quickly.

Two other let 2-room flats (lots no. 40 and 45) are also offered for sale in the same building.

Price: €160,000 including agency fees, i.e. €148,000 excluding fees. Agency fees of €12,000 incl. VAT, i.e. 8.11% of the price excluding fees, are payable by the buyer. Co-ownership property. Carrez law measurement and EPC not carried out.

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