Flat - Courbevoie

• Asset type: Flat
• Area: Courbevoie
• Floor area: 39.5 sq m
• Reference: 212666
• Price incl. agency fees: €230,020

REVAA presents for sale, as a buy-to-let investment, a 2-room flat of 39.50 sq m (Carrez law) sold with a sitting tenant, located on the 5th 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 sitting tenant under a residential lease governed by the law of 6 July 1989. The current rent is €688.14 per month, i.e. €8,258 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 an entrance hall, a living room, a bedroom, a kitchen and a bathroom. It requires renovation. The current rent is well below the market rents observed in Courbevoie (around €26 to €30 per sq m per month), which offers potential for a rent increase over time.

It will suit an investor seeking immediate rental income (current gross yield of around 3.6% on the price including agency fees) and longer-term capital growth.

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. 33 and 40) are also offered for sale in the same building.

Price: €230,020 including agency fees, i.e. €217,000 excluding fees. Agency fees of €13,020 incl. VAT, i.e. 6% of the price excluding fees, are payable by the buyer. Co-ownership property. EPC in progress.

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