Old Lille – Exceptional Investment Property – An Iconic Address

OLD LILLE – EXCEPTIONAL INVESTMENT PROPERTY – AN ICONIC ADDRESS
In the very heart of Old Lille, at 20 and 22 rue Basse, on one of the most iconic and sought-after streets in the historic centre of the city, Nathalie Forest Sotheby’s International Realty is delighted to present this remarkable 19th-century property, enjoying an outstanding location, just moments from the city’s finest luxury boutiques and most prestigious addresses.

Arranged over four floors and presented in immaculate condition, this fully tenanted property comprises eight units, including an elegant ground-floor commercial premises occupied by a highly regarded Lille-based retail brand.

The building benefits from two separate entrances.

The first provides access to the commercial premises, arranged over two levels and offering 225.90 sqm of Carrez floor area, complemented by an exceptional basement storage area of approximately 250 sqm.

The second entrance leads to the upper floors, where seven apartments are distributed across the first, second and third floors: six one-bedroom apartments and one two-bedroom apartment, offering a total surface area of 248.52 sqm.

These apartments stand out for their excellent condition, meticulous upkeep and overall quality. The property also benefits from excellent thermal insulation, with all windows fitted with double glazing.

The common areas are exceptionally well maintained, the co-ownership is financially sound and service charges remain moderate. Recent façade restoration further enhances the property’s overall appeal and heritage value.

A prime investment opportunity, generating an annual rental income of €174,750.

Annual service charges amounting to €7,020 are fully recovered from the tenants. The commercial tenant also contributes half of the annual property tax.

Rarely available in such a prestigious location, presented in outstanding condition and offering an attractive configuration, this property brings together all the qualities sought after by discerning investors in the Old Lille market.

Just a stone’s throw from the Opera House, the building enjoys an exceptional architectural and retail setting, surrounded by prestigious boutiques, cobbled streets and quality amenities, with convenient access to the railway stations, metro and tramway networks.

The particularly sought-after combination of a quality retail premises and seven apartments, all currently let, gives this property a highly attractive investment profile and genuine long-term heritage appeal.

An iconic address. A property of character. A prime investment opportunity.

A rare opportunity in the heart of Old Lille.
La información sobre los riesgos a los que está expuesta esta propiedad está disponible en el sitio web de Géorisques: https://www.georisques.gouv.fr/