Retail premises - Paris 18th

• Asset type: Retail premises
• Area: Paris 18th
• Floor area: 25.6 sq m
• Reference: 212667
• Price incl. agency fees: €216,000

REVAA is offering for sale the property (murs) of an occupied shop, on the ground floor of a building on Rue Hermel in the 18th arrondissement of Paris, in the heart of the Jules Joffrin - Clignancourt district.

The unit, with an area of 25.60 sq m under the Carrez law (approximately 27 sq m usable), comprises a shop, a storeroom and a WC with washbasin. It has a shop front of approximately 4 metres on the street, a ceiling height of approximately 3.50 m and a second access via the common areas. Refurbishment is required.

The unit is sold occupied. It is let to an electrical installation and air-conditioning company, which uses it as an office and storage space, under a 3/6/9 commercial lease dated 1 October 2011, which has expired and been tacitly extended. The contractual rent is €8,400 per year excl. service charges, before indexation. The landlord has initiated the renewal of the lease. The tenancy situation, including rent arrears being recovered by the landlord, is detailed on request.

The current rent is well below the market rental value for the area, offering scope for an uplift when the lease is renewed or the unit is re-let.

The area: close to the 18th arrondissement town hall, the Jules Joffrin - Clignancourt district offers lively neighbourhood life, with many shops, cafés and markets.

Transport: Jules Joffrin metro (line 12), Marcadet - Poissonniers (lines 4 and 12) and Simplon (line 4), a few minutes’ walk away.

Price: €216,000 incl. agency fees, i.e. €200,000 excl. agency fees. The agency fees of €16,000 incl. VAT, i.e. 8% of the price excl. fees, are payable by the buyer. Co-ownership property (lot no. 2). EPC being updated.

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