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SPECIAL EDITION! — A Grand Opportunity for Sale: The Perfect Pied-à-Terre

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Last October, we wrote you about a “pied-a-terre” that we deemed a 9.9 on a scale of 10 as a perfect little Paris apartment for use and investment.

Within moments, we had more than 50 responses — those ready to purchase it and those who inquired. We noted them in order and the third person on the list made a full price offer on it and we began the purchase process — to acquire a mortgage for the buyer and gather all the paperwork for the Notaire’s dossier. It all happened so fast, it would make your head spin!

Then we all had a big and unhappy surprise. The buyer’s family suffered a tragic emergency and retracted from the purchase within literally days of signing the first document — the “Promesse de Vente” or pre-sale agreement.

That means the apartment is available once again for purchase. So, now this is once again a ‘grand’ opportunity!

The owners have decided to say so-long to Paris in lieu of other adventures in real estate and are happy to sell everything lock, stock and barrel — at one attractive price for a quick sale so they can move on. This means that as a new owner, you wouldn’t have one drop of down time. The rental revenues will flow in without losing a breath or blinking an eye, and for your own personal use, all you need to do is walk in with your suitcases and unpack.

This is a major plus for a new investor. It’s totally hassle free. No worrying with renovation and not even having to think about buying linens. It’s all there, ready for you or your guests. Of course, this does not prevent you from adding your own touches!

I will tell you that the people who have stayed in this lovely spacious studio have had nothing, but good things to say about it:

“We had a wonderful time in Paris staying at the apartment. It was perfect in every way. The neighborhood is in a very convenient location — Métro across the street — everything is literally close by. The apartment was furnished with every amenity. Our next trip to Paris will definitely be at an Adrian Leeds property. The apartment had every single thing we could possibly need. Merci, for making our stay such a pleasant one.”

Linda C., Tulsa OK

“We want to let you know how much we enjoyed the apartment! Wonderful accommodations, well equipped and a great location for us.”

Phil G., Boston MA.

“I cannot say enough about how much we enjoyed our trip to Paris and a big part of that was our accommodations at… It was in the perfect location, steps from the Métro, great restaurants, patisseries, and sights of Paris. The apartment itself was clean and modern, but still having that old European charm. Was pleasantly surprised with the cooking equipment available and was able to cook a wonderful dinner one night.”

Cyndi G., Chicago, IL

“It was great to be able to relax and have some meals in our own apartment. The local outdoor market was just around the corner twice during the week and we shopped there for fresh produce, cheese and meats. It was a nice surprise to find that there were a lot of books on Paris and maps of the various attractions in our apartment. We used them to help plan our days. We were only a minute’s walk from the Métro so getting around town was incredibly easy. We also enjoyed being outside of the more touristy areas and getting a better idea of real life in Paris. We would definitely use Parler Paris again if all the apartments are like this one.”

Joelle T., Vancouver BC

You may remember. It’s the apartment we call “Le Grand Ciel.”

Located on rue du Grand Prieuré in the 11th Arrondissement (République/Oberkampf), Le Grand Ciel is a 23 square meter studio apartment in a very convenient part of non-touristed Paris with a separate kitchen and spacious bathroom. On the third floor of a Haussmannian building (currently undergoing complete resurfacement), set on a quiet street just steps from from a Métro station, this is the perfect spot for living like a Parisian or taking a sightseeing trip to the City of Light.

Le Grand Ciel was completely renovated in 2009 and professionally remodeled in such a smart way that you end up with a fantastic feeling of spaciousness — also thanks to the three large traditional French windows — one in each room, that make it very sunny with great views of the neighborhood.

This light and bright ambiance is perfectly punctuated by a contemporary decor using teals and turquoises to contrast with crisp cool white. A solid oak parquet floor, warm underfoot, is the perfect traditional element added to the modern and comfortable design.

On entering the apartment you may hang your coat in the entrance hall and continue into the luminous kitchen and dining nook. The current owners of this apartment are keen cooks and this is reflected in the well-appointed kitchen. You or your guests can cook up a culinary wonder with produce from the local open-air markets (Richard Lenoir and Bastille markets) and dine at the stone-topped bistro table overlooking the street below. Also in the same room is a large laundry cupboard with a washer/dryer, plus everything for your laundry needs so, if you wish, your guests can travel a little lighter!

Beyond the kitchen, through the sliding door which disappears into the wall, is a spacious modern bathroom complete with large walk-in shower, floating toilet and contemporary wash-basin. A tiled floor and natural stone mosaic detailing add to the up-to-the-minute design. Luxuriously fluffy towels (included in the sale!) hang on the heated towel rail with plenty of spares under the teak vanity shelf. With an overhead light, mirror light and large frosted glass window, you or your guests can use this bright space to ensure you look your best when you hit the town. There is also ample storage provided for toiletries.

Back through the kitchen and through the glass paneled door is the main living space of the apartment. A king-sized bed with luxury bed linen and plenty of pillows (remember, these are all included!) ensure everyone has a comfortable night, but another advantage is that the bed can be converted into twin beds whenever it’s required. There is a French-style armoire for space to hold lots of clothing and there is room for suitcases on top. The desk has space for a laptop and papers, and can be closed when work is over. An entertainment center is provided in a large shelving unit which houses a flat-screen television, CD and DVD players and a selection of books and games. Close the sleek velvet curtains and the apartment becomes a perfect cozy sanctuary.

Everything you could possibly need has been included in this well thought-out apartment. The three separate rooms give a feeling of space and even allow for time away from your fellow guests if necessary — as it’s easy to be in separate rooms and still have the comfort, light and views. The apartment building itself is of the typical Haussmannian style of architecture that makes Paris so beautiful.

Special note: the communal parts of the building have recently been refurbished and the external digicode and internal security door make this apartment very safe and secure. Another big plus for the new owner, is that the building is currently under resurfacing (“ravalement”) and therefore the current owners have already paid for this expense. This means it won’t happen again for a minimum of 10 years!

Here are more details about Le Grand Ciel:

Transportation:

Métro: Oberkampf (lines 5 and 9), République (lines 3, 5, 8, 9, 11) Bus Lines: #46, #56, and #96

Amenities:

  • Digicode entry system
  • 3 rooms, each with large double-glazed windows and traditional French cast-iron railings
  • 3rd floor (no elevator)
  • Electric wall heaters

Studio Bedroom:

  • King-size bed (180 cm) that converts to twin beds (90 X 200 cm)
  • Closet and storage space – Bookshelves
  • Desk
  • Free wired and WiFi high-speed Internet connection.
  • Telephone and answering machine
  • Free long distance telephone service to 97 countries, including US and Canada
  • Radio alarm clock
  • CD player, with an assortment of CDs
  • DVD player, region 2, with a selection of movies in English and French
  • Flat-screen color TV with 150 cable channels
  • Plenty of luxurious bed linens
  • An assortment of books and guidebooks in English
  • Board games

Kitchen:

  • Dining table for two
  • Electric stove with 2 burners
  • Microwave oven/regular oven combination
  • Refrigerator with ice-box
  • Electric kettle
  • Press coffee maker
  • Kitchenware (all cooking utensils, dinner and tableware, serving pieces)
  • Kitchen towels
  • Step stool

Laundry closet:

  • Washer/dryer
  • Iron and ironing board
  • Folding laundry hamper
  • Folding drying rack

Spacious well-lit bathroom:

  • Large walk-in shower with glass door
  • Sink and toilet, large mirror and vanity unit
  • Luxurious hand, bath and face towels
  • Heated towel rack
  • Hair dryer
  • Make-up mirror
  • Electricity, heat, telephone and internet included
  • Non-smoking
  • No pets allowed

And all this just for the asking price of 275,000€! Of this price, 7,800€ counts toward furnishings, so this is deducted from the officially recorded sales price and no Notarial fees are paid on this amount — a savings to you. Notarial fees are normally about 7% of the recorded sales price and there is a finder’s fee of 3% on the total amount — but no agency fees are added, saving you about 5% of the total purchase price!

Rentals on Le Grand Ciel over the last few years have been up to par with all of our luxury apartments. Since 2012, the occupancy rate has exceeded the average! Since it would continue on the market with us as a rental property, you would have revenue from the moment you signed the “Acte de Vente!”

Plus, if you would like to take a mortgage, we can help you find financing of up to 80% of the purchase price working with our lenders who specialize in loans to international buyers.

In all honesty, this is one amazing bargain that’s likely not going to come along for a long, long time. There are very few small, inexpensive apartments on the market these days and those that are normally need tons of renovation. Renovation costs average 2,500€ per square meter! So, that means a savings of 57,500€ from the outset, not to mention the loss of time, effort and valuable rental revenues!

Someone’s going to get lucky. It could be you. And it could be today!

If you are a serious buyer, email us as quickly as possible to be the first to make an offer. This sale is on a first come, first serve basis, so the faster you act, the better your chances.

We are sure you will have questions, too! For more information and photos, visit: Le Grand Ciel and email us at [email protected].

A la prochaine…

adrian jan 2010

Adrian Leeds
Director of The Adrian Leeds Group, LLC

Respond to Adrian 

 

    

 

P.S. This offer is exclusive to our readers for a limited time and with all these attributes. We knew Le Grand Ciel would sell very quickly, and it did. We expect the lovely apartment to sell quickly this time, too. I do hope you’ll be the happy new owner! Again, IF YOU ARE SERIOUS, email us as quickly as possible at email us at [email protected] and let us put you on the list FIRST! 

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