1. Presentation of the residence Senior services residence located in the historic town centre of Tourcoing , close to shops and transport, with easy access to Lille. The site, now operated under the Les Jardins d’Arcadie brand, offers 76 rental apartments , from studio to T3 , with restaurant, activities, shared spaces and staff presence 7 days a week. The location remains strong from a heritage perspective for a senior services residence: central, accessible, in a shopping environment and serving independent seniors looking for a housing solution with services. (jardins-arcadie.fr) 2. Operator and operating framework The commercial lease provided names as tenant the company PV Senioriales Exploitation , for a senior services residence activity in furnished rental. It describes an operation with services associated with the senior clientele, including breakfast, regular cleaning, linen supply and reception . Point of vigilance : the residence is currently presented under the Les Jardins d’Arcadie brand, whereas the attached lease names PV Senioriales Exploitation ; the exact legal continuity of the operator has been checked. 3. Unit characteristics and commercial lease Delivered end 2017, lease start date The term is structured in two periods : a first period until 31 December following the effective date, then 9 full consecutive years . The annual rent is payable quarterly in arrears . The lease provides for an annual revision indexed to the IRL , with a contractual cap of 2% per year . 4. Allocation of charges The tenant bears a very large share of the operating and condominium costs: cleaning, waste, access, equipment, pest control, lighting, sanitary facilities, networks, routine maintenance of the second fix, green spaces, fire detection, prevention, building insurance via the managing agent, household waste tax, managing agent fees and tenant repairs . The landlord mainly keeps the taxes for which he is the legal debtor , as well as the major repairs under article 606 and heavy compliance works. The lease also sets up a mandate to the managing agent to call directly from the tenant the charges falling to it, with annual adjustment after the general meeting . 5. Landlord contribution The lease sets a base landlord contribution of EUR 6,340 excl. VAT at lease renewal. To be seen what the new operator Les Jardins d'Arcadie will do in this respect. This contribution is linked to the specific works plan provided at the contractual end of the lease, with a base corresponding to 5% of the purchase price , then revisable according to the index set out in the lease, within the limit of 2% per year . 6. Items from the 2025 AGM The ordinary general meeting of 9 July 2025 was held for the Les Jardins d’Arcadie residence: The 2024 accounts were approved, with expenditure set at EUR 297,304.17 . The 2025 forecast budget was revised to EUR 298,000 and the 2026 budget voted at EUR 300,000 . Heritage reading: the AGM does not show any major structural claim voted at this stage, but it shows a technically active condominium , with several points to monitor. Conclusion : a file that is coherent from a heritage perspective through its location and the nature of the product. Point of vigilance: the renewal addendum and the economic conditions after 2026 , which should be taken into account in the negotiation. Apartment - Studio - 2 persons Les Jardins d'Arcadie – Lease expiry December 2027 Condominium lot no.: 73 / Sale no.: C101 / Physical no.: C101 Fees: SAPHIR Property tax: €874 EPC: C / GHG: C
