Bar-le-Duc area – 110-apartment complex sold as a block

Residential complex of 110 apartments sold as a block, Bar-le-Duc / Ligny-en-Barrois area.

THE ASSET

We are offering, exclusively and in strict confidence, a residential property complex sold as a block. It comprises 6 four-storey apartment buildings totalling 110 family apartments (3, 4 and 5 rooms) and 20 closed garages. The living area is approximately 8,000 m², on a single plot of approximately 1.1 hectares with green spaces in the centre.

KEY FIGURES

Price: €1,600,000 net to seller, i.e. €1,680,000 including fees

Entry price: approx. €14,500 per unit, i.e. approx. €200/m² of living space

Current income: 25 active leases for approx. €113,000 per year excluding charges

Current gross yield: approx. 7%, with only 23% occupancy

Potential: 85 vacant units to re-let; at full occupancy and current rents, approx. €500,000 income per year

Current rents: approx. €5.4/m², versus €7 to €9/m² on the local market

Energy: collective energy ratings class E, individual electric heating

WHY THIS AREA

The Daimler Buses plant (formerly Evobus) is 5 minutes away. It is the largest private employer in the Meuse, with around 1,300 employees, and the site benefits from a €92m investment plan in electric buses targeting 850 additional hires. This creates direct rental demand from employees and temporary workers. The Bar-le-Duc urban area is 6 km away.

VALUE-ADD STRATEGY

The vacancy is essentially technical: it stems from the interior condition of the units, not from a lack of demand. A targeted refurbishment and energy-improvement programme makes it possible to:

• fill the vacant units
• bring rents in line with the market
• secure lettability beyond 2034

TARGET BUYERS

Property companies, dealers (holding, value-add or unit sales), private investors and private or social landlords with capacity for works.

ACCESS TO THE FILE

The exact location, detailed rent roll, diagnostics, plans and viewings are provided only after signing a confidentiality agreement.

(Buyer's fees of 5% incl. VAT included. Price excluding fees: €1,600,000. Energy class E, climate class E. Estimated annual energy costs for standard use: between €34,371 and €46,501 (2021, 2022 and 2023, subscriptions included). Risk information: georisques.gouv.fr.)