50 Rue De Meaux
1,227 SF Retail Condo Unit Offered at $811,238 CAD in 75019 Paris
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INVESTMENT HIGHLIGHTS
- Close to the Secretan Market
EXECUTIVE SUMMARY
This property is located in a dynamic neighborhood, combining a residential and commercial atmosphere, and has excellent accessibility. Close to the Bassin de la Villette and the Parc des Buttes-Chaumont, the address combines a pleasant working environment and proximity to major urban centers. Metro lines 5 and 7 serve the area, making it easy for employees and customers to travel. Numerous amenities, such as restaurants, cafes, supermarkets, and local services, reinforce the attractiveness of this location. The 19th? Borough, which is booming, is also recognized for its cultural dynamism and diversity. This framework could appeal to a company wishing to be part of an innovative and accessible environment, while taking advantage of a real estate cost that is often more affordable than in the central districts.
PROPERTY FACTS
| Price | $811,238 CAD |
| Unit Size | 1,227 SF |
| No. Units | 1 |
| Total Building Size | 6,329 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 904 SF |
| Year Built | 1900 |
| Lot Size | 0.02 AC |
1 UNIT AVAILABLE
| Unit Size | 1,227 SF |
| Price | $811,238 CAD |
| Price Per SF | $661.16 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | ES 0002 |
DESCRIPTION
Rare and strategic investment opportunity in the heart of the 19? arrondissement of Paris, in the immediate vicinity of the Secrétan Market and the Rue de Meaux, a lively and popular area. The commercial premises concerned currently house a bar-brasserie-restaurant occupying an area of 62 m² on the ground floor, complemented by a basement of approximately 52 m². Located at the foot of a well-maintained building, this premises benefits from a privileged location that attracts both residential and visiting customers.
The location, in a dynamic neighborhood, ensures a regular flow of customers thanks to the proximity of a busy road and busy living areas. Perfectly served by public transport, this location is a wise choice for an investor looking for a safe and profitable investment. All the characteristics of this property make it an offer combining safety, efficiency and potential for development in a booming environment.
SALE NOTES
The property is sold occupied, offering immediate profitability thanks to a tenant in place since 2013, guaranteeing significant rental stability. The annual rent is €33,528 excluding charges, with a property tax of €1,450, entirely borne by the tenant. An additional particularity of this opportunity is the possibility of acquiring the License IV, currently available to the tenant, for an amount of 25,000€. This asset reinforces the value potential of the property by maintaining its attractiveness for catering or drinking activities.
The sale price includes 3% of fees payable by the purchaser.
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