Riorges, Rhône 42153

Exclusive RIORGES, highly sought-after area! Building of 720 m2 G+1 to finish construction for a property trader/promoter with nice projected yield if resold by unitizing! Originally a structure out of ground with a plan for a senior residence and the creation of 15 studios each with: kitchen, living area, WC, bathroom, and 1 bedroom, as well as a common space where a large dining room, a spa, a shared kitchen, and a laundry were planned... Today the building has reached ground floor +1 and is neither watertight nor windproof; the ground floor is equipped with drainage and electrical supply conduits. It will be easy to redistribute all the studios into 10 to 12 dwellings of type T2 to T4/5 with a garden on the ground floor for all and balconies for all on the first floor. The building sits on a plot of about 1800 m2, and an adjoining developable parcel of about 800 m2 is for sale as an add-on for any additional project. Projected profitability approaches or exceeds 30% gross in the event of resale by unitizing, depending on the redistribution chosen. Gross profitability of 6 to 8% in case of leasing. A lovely opportunity in a highly sought-after area in the countryside and at the citys doorstep. I have plans and projections available, do not hesitate to call me. A project that will be easier to visualize during a visit: Property reference: CMA-9860 Corinne MAGNIN RSAC: 500334503 Commission at the sellers expense. Not subject to DPE. Your CESAR ET BRUTUS TRANSACTIONS advisor: Corinne MAGNIN Commercial agent (Sole proprietor)