- Location & facilities: The Studéa Cachan student residence, formerly Les Lauréades de Cachan , located at 47 rue Marcel Bonnet, 94230 Cachan . Residence built and delivered in 2012 , with a building permit issued on 27 January 2010 . A complex of 335 studios and 56 underground parking spaces . A consistent location for a student residence: on the edge of / close to the ESTP campus; about 10 minutes' walk from Bagneux RER B station ; quick access to Paris and the Cité internationale universitaire; a residence suited to a clientele of students and young professionals. - Investment & commercial lease: Operator: Nexity Studéa , which took over the rights of Icade Résidences Services / Nexity Résidences Services. Initial lease effective from 1 September 2012 to 31 August 2021 . Lease renewed for 9 years from 1 October 2021 . Theoretical expiry: 30 September 2030 , with the lessee having the option to give notice at the end of each three-year period. Indexation: annual review on 1 October ; base: IRL for the first quarter ; negative variation neutralised; positive variation capped at 2.5% . - Letting management: Managed by Nexity Studéa , under a furnished student residence commercial lease. Managing agent: Citya EIC . Specific renewal items: the landlord funds crockery, linen and cleaning kits for EUR 200 excl. VAT per unit , deducted from rents due at 31 March 2022; the landlord funds the replacement of the carpeted floors from the 1st to the 6th floor ; the landlord agrees to Studéa freely letting the car parks through an outside contractor; Studéa funds additional cameras and the reconfiguration of the operating premises. - Note: 2025 general meeting minutes – key points Annual general meeting held on 30 September 2025 for the Les Lauréades de Cachan residence. 2024/2025 accounts approved: EUR 410,833.59 incl. VAT . 2025/2026 forecast budget: initially voted at EUR 473,330 incl. VAT , reduced to EUR 452,080 incl. VAT . Works fund: contribution proposed at 5% of the budget , i.e. EUR 22,604 ; resolution rejected for lack of majority. Positive point: Nexity Studéa was authorised to carry out, at its sole expense, and therefore 100% funded by Studéa , the renovation works to the entrance hall and possibly the adjoining corridors. Works voted / followed up: replacement of a faulty domestic hot water cylinder, funded by the ALUR works fund; full pruning of the rear trees: EUR 2,430 incl. VAT ; repair of a faulty lift frequency inverter: EUR 5,390 incl. VAT ; replacement of 11 anti-parking posts: EUR 3,344 incl. VAT . Wealth reading: high condominium budget; recurring technical works; governance to monitor, several important resolutions rejected for lack of majority. Conclusion : A consistent student asset, located in the inner ring of Paris, with a solid positioning around the ESTP, the RER B and proximity to Paris. An interesting product for an LMNP investor seeking: a student residence operated by an identified manager; a lease renewed until 2030 ; a residence of significant size with 335 studios . Main points to watch: the tenant's triennial exit option; the full original lease is needed to secure the allocation of charges; high condominium budget; works fund and governance to follow; recurring technical works: hot water, lift, floors, hall and common areas. Apartment - studio - 2 persons Nexity Studéa - Expiry September 2030 Fees: SAPHIR Property tax: EUR 1,094 EPC: C / GHG: B
