What if the value of this building lies not only in what it can earn today, but also in what it can still become tomorrow? A few steps from Blois station and the town centre, discover a character building that brings together what many investors look for: a strategic location, several units that can be exploited immediately, complete freedom in rental strategy and remaining value-creation potential. In total it offers around 293 m² of existing living space and comprises: • 1 studio of 17 m² • 1 two-room flat of 67 m² • 2 three-room flats of 102 m² each • 2 car garages • 1 motorbike/bicycle garage • 3 cellars • and around 100 m² of attic space, already insulated, to be developed The building is currently vacant and is sold furnished. There is no lease in place: the future owner therefore keeps the freedom to put in place, from the purchase, the rental strategy that matches his or her objectives. THREE POSSIBLE OPERATING STRATEGIES 1 — UNFURNISHED RENTAL Based on estimated market rents: Potential rental income: approximately EUR 38,700 excl. charges per year Potential gross yield: approximately 5.33% A simple, asset-based strategy, aimed at the investor seeking a traditional rental operation. 2 — FURNISHED LONG-TERM RENTAL Thanks to the sale of the building furnished and the configuration of the apartments: Potential rental income: approximately EUR 42,900 excl. charges per year Potential gross yield: approximately 5.91% An operation allowing close to 6% gross on the existing surfaces, without including the potential of the attics. 3 — SHORT-TERM / SEASONAL RENTAL This is probably the strategy most worth studying for an investor seeking greater yield. The layout of 4 independent apartments, the immediate proximity of the station and quick access to the town centre make it possible to consider short-term operation, possibly combined with medium-term rental. Current market data for Blois show significant short-term rental activity, but performance depends heavily on the type of unit, its presentation, its pricing and its management. A specific seasonal operation simulation can be provided on request. WHAT ABOUT THE 100 M² OF ATTIC SPACE? They are not included in any of the yields stated above. The building has around 100 m² of additional space, already insulated, currently not used. This space could allow the creation of additional housing, a loft or another value-creation project. It is therefore a genuine reserve of value for the future buyer. You are not just buying four homes. You are buying four existing homes + a space that produces no income today and that could tomorrow increase the value and rental capacity of the whole. A LOCATION DESIGNED FOR RENTAL The proximity of the station, the town centre, shops, restaurants and services makes it possible to attract different tenant profiles: working professionals, families, people on professional mobility or travellers. The garages are also a valuable advantage in this area. ONE BUILDING, SEVERAL PROJECTS Unfurnished rental. Furnished rental. Short term. Mixed strategy. It is also possible to consider occupying one of the apartments and renting the others, combining a personal residence with building a rental portfolio. Investor file available on request, including: – unfurnished rental profitability study – furnished long-term rental profitability study – short-term operation simulation – details of the surfaces and the various lots – information on the attic potential The income and yields indicated are forecast estimates and cannot constitute a guarantee of income. Are you simply looking for four apartments to rent? This building offers four. Are you above all looking for an asset able to adapt to several operating strategies and still with potential for value creation? Then this one probably deserves a closer look.
