Paris 75012 - Picpus - Bright 2 bed 70m2 apartment + 4m2 SE facing balcony, on the 6th floor with lift

PARIS 75012 – Picpus - 2 bedrooms - 3/4 rooms) - 70.06 m2 Carrez) + SE facing Balcony 4.39m2- EPC rating E - See floor plan and 360°- Open sky view for this property located on the 6th floor with lift of a well-kept and secure residence built in 1962 and situated between Boulevard de Picpus and rue du Rendez-vous. This sunny (south-west-north-east) apartment comprises an entrance hall with access to a 26.49 m² double living room opening onto the balcony, which is very bright thanks to its 2 large French windows. This space can easily be transformed to create a beautiful living room with kitchen or 3rd bedroom (flat share). On the night side, there are 2 quiet bedrooms overlooking the inner courtyard, a 9m2 kitchen (or 2nd shower room), a bathroom with WC and a separate toilet. All rooms have tiled floors. A cellar in the 1st basement accessible by lift completes this property. There is also the possibility of purchasing a parking space in the 2nd basement, worth €25,000.

Area details :
- Apartment No 48 --> Weighted area 72.36m2 = 9,647 euros/m2
- Total living space --> 70,06m2 living area ; 4.59m2 Balcony
Room details : Entrance hall 10,45 m2 ; Living room 26,49 m2 ; Kitchen 6,50 m2 ; Bedroom no 1 10,01 m2 ; Bedroom no 2 11,79 m2 ; Bathroom/WC 3,69 m2 ; WC 1,13 m2 ; Balcony 4,59 m2
- Freehold --> 532 / 10000 of building A et 87/10000 of building B
- Cellar No 18 --> 3m2 valued at €2,000/m2
- Parking No 32 --> €25,000 on top of the price --> service charge €29/month (58 / 100000e)

Investment corner - Furnished rental potential (ref DRIHL) :
- Rent Reference : 27€ / m2 / month
- Increased rent reference after renovation: 32.40€ / m2 / month --> 2345€ + Charges --> 4.03% projected yield
- Ideal for flat-sharing --> 3/4 bedrooms possible for an increase in income of between 17% and 25%.

Features: In need of renovation with spacious rooms to make the most of, possibility of creating a 3rd bedroom (even a small 4th for rental purposes) by moving the kitchen into the living room, built in 1962 in a very friendly neighbourhood with no incivility, SE/NW facing, sunny, through-view with 2 large bay windows on the SE side, balcony for private use (exclusive right of use), 2.60 m high ceilings, numerous made-to-measure cupboards and storage space with integrated sliding doors, 6th floor out of 10, two flats on this floor, secure building (caretaker + Vigic + Interphone/digicode and armoured door), lift, fibre optic broadband, street parking or possibility of purchasing a parking space in the basement of the building for an additional €25k, freehold and no building renovation voted or planned, service charges €381/month including caretaker + water + lift, collective heating €137/month, property tax! !! €/year, ideal for first-time buyers, pied-à-terre or investment, suitable for people with reduced mobility.

Boulevard de Picpus, built on the former octroi wall and moat of the Paris city walls, is at the heart of the Bel-Air administrative district. This 1962 building has 10 storeys and a total of 18 flats. A condominium of 2 buildings build on a plot of 5534m2 located 110m from Picpus station (Line 6), 470 M from Nation station (L1-2-6-9-RER A). Bus and Vélib' station 2 steps away.

The 12th Arrondissement has been totally revitalized and is now the new, trendy spot in Paris for the younger crowd and considered by many to be the “New Saint-Germain”. Located on the Right Bank, it is best known for the Bois de Vincennes reached by an elevated greenbelt promenade that stretches for almost 3 miles from Place de la Bastille and built on a defunct railway. Here you will find several artist’s workshops as well as trendy eateries, galleries and boutiques – a must visit for anyone interested in art and design. The area also includes the world-famous Opera de la Bastille and the unavoidable Parc and Village de Bercy, a 26-acre landscaped parks that infuse this area with new life and excitement. The perfect place to take an afternoon walk on one end or find the largest Paris indoor arena (stadium and concert hall), restaurants, a plethora of stylish boutiques and cinemas at the other end. The district main sights and attractions includes a breath-taking Art Deco structure, the 'Palais de la Porte Dorée' built for the 1931 Colonial Exhibition (it houses the national immigration museum and an impressive aquarium), the Bois de Vincennes Buddhist Temple and the lake with small islands and rowing boat, the trendy district of Faubourg Saint-Antoine, the Picpus Cemetery were the French revolution Guillotine was standing, and the historic Gare de Lyon train station, site of the acclaimed Belle Époque restaurant ‘Le Train Bleu’.
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Co-owned building of 2 units
Provisional annual charges: 4000€

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Information about risks to which this property is exposed is available on the Géorisques website : https://www.georisques.gouv.fr