Business park for sale in Paris 5E Arrondissement, Paris, Île-De-France

The space is distributed as follows:
Lot N° 1 - On the ground floor, on rue Gay-Lussac, to the left of the building entrance: Shop with back shop, shop, kitchen, waterclosets, entrance through the building's vestibule. And 91/1000ths of the general common areas (Freehold).
Lot N° 14 - In the basement, a cellar bearing number 3. And 6/1000ths of the general common parts.
Lot N° 23 - In the basement, a cellar bearing number 2. And 1/1000th of the general common parts.
Lot N° 24 - In the basement, a cellar bearing number 1. And 4/1000th Freehold

Enhancing elements

■ Central location, in a sought-after area with high purchasing power.
■ Old, well-maintained building, in keeping with its surroundings.
■ Local in excellent condition, well distributed, with private access to the street.
■ Premises suitable for professional or service industries use.

Taking into account the references for leases and rents currently in force observed in the immediate vicinity of the property or in sectors of similar attractiveness and marketability, the appraisal notes that the rental values are between €449/m2 /year and €947/m2 /year.

Condition of the property :
This building appears to be in good condition and is regularly maintained. Access to the common areas of the building is from the street through a double wooden door, secured by a digital code and opening onto an entrance hall, with wall-mounted letterboxes, leading to the premises under study on the right, and then opposite to the building's hall, secured by a glass door. The room under study also has a private access, through a wooden glazed door, with a single leaf, opening onto the street from the director office.

The premises were completely renovated and redistributed about 2 years ago and are located on the ground floor and basement:
On the ground floor :
Fitted offices (3 to 4 workstations, door to the building entrance, window to the street)
Executive office (window, door and bay windows to the street, bay windows to the fitted offices)
Kitchenette (open to the offices, sink, private staircase to the basement)
Sanitary facilities ("sky-dome", WC, washbasin).
Basement:
Archive room 1 (blind room, access to the common areas, secure private staircase to the ground floor)
Archive room 2 (blind room, window well on the street, air conditioning machinery).

Entrance hall

Parquet floors, tiled or unfinished in the basement.
Painted or roughcast walls, in brick or exposed stone in the basement.
Recent and quality exterior joinery, with double glazing, with sound and thermal insulation.

Facing

■ To the north-east on Rue Gay-Lussac (with a clear view of a religious establishment).

General and individual installations

■ Water / Electricity.
■ Heating by reversible air conditioning (machinery installed in the basement with evacuation by window well).
■ Individual hot water by electric cumulus.
■ Fittings and equipment specific to service industry sector operations (computer cabling).
■ Digital code / Intercom / Magnetic badge.

Commercial premises in paris

The market for commercial premises is very specific. Purchases are made either by users, the price offered depending on their financial capacity and the suitability of the premises for their business, or by investors who are mainly interested in occupied premises providing a more or less secure income.
In the latter case, the valuation is made by applying a rate of return or capitalisation to the actual or potential income generated by the property. This rate varies according to the quality of the real estate asset, the functionality and modularity of the premises, and the possibility of conversion or enhancement of the property in the event of the departure of the tenant in place. It also varies according to the conditions of the current lease, namely the quality of the tenant, the main clauses of the lease, the level of the rent payable and the financial context (level of interest rates).
In addition to the location, which is always the predominant factor for the establishment of a shop, the size of the premises, the surface area on the ground floor, the traffic flow, the visibility and the window display are equally decisive elements in the choice of a premises.

In Paris, except in times of upheaval such as those currently taking place due to the Covid-19 health crisis, the market rental value per weighted square metre of shop space is currently around €300 to €400 excluding VAT/sqm/year for "small" commercial situations (secondary and low-traffic roads, poor visibility), around €500/sqm/year for locally commercialised streets and between €500 and €3,000/sqm/year for renowned streets or those with good local commerciality. Much higher values can be found for prestigious addresses (No. 1 routes) or in the case of convenience values. This is particularly the case for national or international brands wishing to establish themselves in specific sectors and which are likely to pay much higher rents than those possible for local traders or craftsmen. We regularly observe a strong attraction of investors for the most qualitative properties with the best locations, particularly on the No. 1 axis.