Sale - Business Orthez

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€320,000 £274,058

Region: Aquitaine
Department: Pyrenees-Atlantiques
Location: Orthez

Ref No: 207708
Type: Commercial
Year Built: 1981
Date Added: 06/03/2024
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Once a thriving furniture manufacturing complex in the 80s, the property is now multi-tenanted for a variety of commercial occupants. The site is very well located in a small industrial area bounded by Ave Pierre Mendez France and Ave Daniel Argote at the entrance to Orthez with neighbors Gedimat and Aldi. The property comprises a large rectangular site of 7,650m2 and approximately 1,300m2 of traditional style brick and sheet metal industrial buildings. Each building with a ceiling height of approximately 4 m groups functions, manufacturing, storage and office. The largest building of approximately 1,030m2 has a wide array of windows providing excellent natural light. Due to the low site coverage there is ample roof space for truck access and parking and additional outside storage is also available for hire and is popular with building construction companies requiring project storage short term. The properties are currently fully leased with a combination of short and long term leases. In total, the current rental income (HT) is approximately 3,500 euros per month, with tenants paying the charges proportionally. The site is limited to further development as it is in a non-building zone, due to its proximity to the Gave de Pau which crosses the town. Only a small part of the site is however flooded and this is an area reserved solely for parking and outdoor storage. While ideal for long term investment holding, owner occupiers may also be tempted, especially those related to construction, automotive, express logistics or garden centers.

Home Features: Air Conditioning, Agency fees included

Community Features: Not Specified

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