Investment property in the heart of renovated former stables

In the heart of the medieval village of Saint-Martin-de-Londres, 30 minutes from Montpellier, this former stable building, built in the early 19th century and completed around 1835, has been fully renovated into a characterful apartment building.

Adjoining the former gendarmerie, it forms part of a cohesive heritage ensemble.
The complete renovation, carried out between 2004 and 2005, including the roof replacement, now offers a property requiring no major work.

The building, with its dual east-west exposure, comprises:

On the ground floor: a large commercial space of over 110sqm with excellent visibility, currently leased for EUR982/month under a 9-year commercial lease.

Upstairs: three duplex apartments with views of the iconic Pic Saint-Loup:

a one-bedroom apartment (plus a study) facing south – rented for EUR786/month;
a one-bedroom apartment in a central location – rented for EUR635/month;
a two-bedroom apartment facing north – rented for EUR730/month.

The entire property is rented unfurnished under 6-year leases (SCI – French real estate company) under the 1989 law, with rigorous property management.

Tenants are secured (guarantors or Visale guarantee scheme), ensuring stability and low vacancy rates.

Utilities are optimized and billed separately (water with submeters, electricity via individual Linky meters, and garbage collection tax).

A shared outdoor space with the neighboring property provides a pleasant living environment for residents.

Free public parking is located in the immediate vicinity of the building for added convenience.

With annual rental income of EUR37,596, the gross yield is 5.69%.

A rare property, combining old-world charm and rental performance, ideal for a long-term investment or a comprehensive project with the neighboring building (ref 14984).

Book your viewing for a turnkey investment with Vanessa at 06-64-03-13-94.

ENERGY RATING:
B-109 / CLIMATE RATING: A-4 – between EUR520 and EUR750/year* – 2-bedroom Duplex
C-121 / CLIMATE RATING: A-4 – between EUR470 and EUR650/year* – 1-bedroom Duplex
C-153 / CLIMATE RATING: A-5 – between EUR660 and EUR920/year* – 1-bedroom Duplex.
Energy Performance Certificate (EPC) for commercial premises: Not applicable.
*Estimated average annual energy costs for standard use.

Information on the risks to which this property is exposed is available on the Géorisques website for the relevant areas.