Commercial space 170 m² for sale Marseille 13011 - €594,000

The listed price for this commercial space is €594,000 for an area of 170 m², which equates to a price per m² of €3,494 (calculated from the listed price and declared characteristics). In the Marseille market, the average price for similar commercial spaces is around €3,200 to €4,000 per m², according to data from the DVF (Land Value Database).

Over the last 12 months, prices for commercial spaces in the Marseille area have seen an increase of about 5% (source: INSEE, consulted in October 2023). This space is therefore positioned slightly above the market median, which can be justified by its complete renovation and accessibility.

By comparison, the market median for commercial spaces in the 11th arrondissement of Marseille is €3,400 per m² (source: DVF DGFiP, 2023).

For a purchase price of €594,000, notary fees for a new commercial space are estimated between 2% and 3%. Taking an estimate of 2.5%, the notary fees would amount to approximately €14,850 (calculated based on current professional rates).

The total acquisition cost would therefore be €608,850.

For a mortgage at an average current rate of 3.4% over 20 years with a down payment of 10% (€59,400), the borrowed amount would be €534,600. The monthly payments would be around €3,100 (calculated based on current average interest rates).

If this commercial space is rented, the gross rental yield can be estimated at 6% based on an annual rent of €35,640 (calculated based on a rent estimate of €2,970 per month). The net rental yield, after deducting charges (approximately 20%), would be around 4.8% (estimate based on average public sector data).

The annual holding cost includes property tax, condominium fees, insurance, and maintenance. Taking an estimate of property tax at €1,500 (estimate based on sector averages), condominium fees at €1,200, and insurance at €600, the total annual holding cost would be approximately €3,300.

This commercial space is exempt from DPE, meaning it does not require an energy diagnosis (source: current regulations, Climate & Resilience law).

However, for a space of this size, the annual energy cost can be estimated at around €1,200 (estimate based on average public sector data).

In the case of renovations to improve energy performance, costs can vary between €10,000 and €30,000, depending on the necessary work (estimate based on current professional rates). Assistance such as MaPrimeRénov' can be mobilized to finance part of these renovations.

The space is located on a highly trafficked axis, offering optimal visibility. It is accessible by public transport, with several bus lines nearby (lines 15 and 16, frequency every 15 minutes).

The neighborhood is dynamic, with many shops and services nearby, such as supermarkets, restaurants, and schools. The demographics of the 11th arrondissement of Marseille are characterized by a young and active population, with a median income of around €22,000 per year (source: INSEE, 2023).

The quality of life is considered good, with green spaces and sports facilities nearby, attracting many professionals and families.

The commercial space is located in a low flood risk area (source: Géorisques, consulted in October 2023).

Regarding the PLU, it is important to check the urban planning constraints applicable to this space, particularly regarding changes of use or extensions.

Mandatory diagnostics must be provided during the sale, including the state of electrical and plumbing installations. It is advisable to ask the seller for details on these diagnostics and to verify the compliance of the installations.

This commercial space is positioned above the market median, with a price per m² of €3,494, compared to the median of €3,400 for similar spaces in the 11th arrondissement.

The advantages of this space include its impeccable condition, recent renovation, accessibility for people with reduced mobility, and two parking spaces. However, the disadvantages may include a higher price than other spaces requiring work, which could limit negotiation margins.

The estimated negotiation margin is around 5 to 10%, depending on current market demand.