Vente Immeuble 426 M²

iad France - Stéphane Gautier offers: Income property of 426 m² living space — Brest Saint-Martin (rue Massillon) — 10 renovated units — 100% rented — Current gross yield 5.39%, increasing to 6.51%.

Prime & dynamic location
In the heart of Saint-Martin, just steps from the tramway (Jean-Jaurès line), 5 minutes from Place de la Liberté, universities, and civilian and military employment hubs (Naval Group, French Navy, University Hospital). Zero rental vacancy in the area.

Property description (426.14 m²)
Complete documented renovation in 2014-2015 (> €480k excluding tax in works, secondary works fully redone):
• 8 bright one-bedroom apartments facing the street (37 to 43 m²)
• 2 two-bedroom duplexes in the courtyard with private gardens (53.6 and 55.7 m²)
• Full basement (75 m²): 10 private cellars and boiler room
• Shared courtyard and outdoor areas (100 m²)

Financial performance & potential
• 100% rented under Luxior management with Rent Guarantee (no unpaid rent)
• Current rent: €53,754 excluding charges per year (€4,479.48/month) + €870 charges
• Current net operating yield: 4.18%
• Owner’s net property tax: €4,972/year (waste collection tax of €630 recovered from tenants)
• Rental potential: end of Anah agreement (free rents), target potential around €65,000 excluding charges per year (6.51% gross)

Technical & Management
• No energy guzzlers: no units rated F or G (recent energy performance certificates C, D, and E)
• Collective gas condensing heating (9 units) + 1 individual electric unit
• Full ownership: single ownership without co-ownership fees or management

Complete file available upon qualified request.

Agency fees payable by the seller.
A valid ID will be requested at the visit, in accordance with article [hidden information] of the Monetary and Financial Code. Information on risks related to this property, including the legal obligation for brush clearing, is available on the Géorisques website: [hidden information]
This real estate listing was written under the editorial responsibility of Mr. Stéphane Gautier, independent real estate agent (without holding funds), commercial agent of SAS [hidden information] France registered with the BREST Trade and Companies Register under number [hidden information], holder of the real estate canvassing card on behalf of the company [hidden information] France SAS.
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/