




Tarbes City Center | 25 Avenue Bertrand Barère | Ref: VI1278Price: €709,000 (Agency Fees Included)A prime opportunity for property developers and professional investors. This 1880 manor house, located in the heart of Tarbes, offers approximately 1,000 m² of gross potential. Sold at a "merchant price," it is perfectly suited for a multi-lot division strategy with high yield potential.### Property Highlights & Strategic AssetsStructurally Sound Character Building (1880): Slate roof replaced 20 years ago, existing elevator, and double access.Exceptional Energy Performance (Epc/Dpe: C): A rare "C" rating for a building of this era—major leverage for future resale and rental compliance.22 Parking Spaces Included: 12 enclosed garages and 10 private outdoor spaces. This ensures full compliance with the local Urban Plan (Plu) requirement of "1 apartment = 1 parking space" for division.Prime Location: Situated between Place de Verdun and the Sncf train station. Tarbes features a strong rental demand (59% renters) and a real estate tension index of 7/10.### Project Breakdown & SurfacesThe property offers a solid base for a 8 to 12-lot division.SectionSurface AreaPotential / UsageMain Registered Living Space629.9 m²Currently distributed across 3 levels (Dpe C)Convertible Attic Space~117 m²High-value potential for 1 or 2 additional apartmentsFinished Basement~140 m²Ideal for professional premises, events, or storageTotal Valuable Surface~906 m²Total estimated exploitable area### Floor-by-Floor PotentialGround Floor: 136.6 m² apartment + 25 m² independent courtyard office. Potential: 1 T3/T4 + 1 Studio.1st Floor: 219 m² grand apartment + 21.5 m² unit. Potential: Division into two large T3/T4 units + 1 studio.2nd Floor: Two existing T2 units (45.1 m² each) + 117 m² attic space. Potential: 3 to 4 T2/T3 units.### Financial Summary & Yield Simulation (Tarbes 2025 Market)Based on a renovated market value of €1,400/m² and average rents of €10–12/m².Acquisition Price (Fai): €709,000Estimated Renovation Budget: ~€698,000Projected Resale Value (Lot by Lot): ~€1,600,000Estimated Gross Margin: +€193,000 (Excl. Taxes/Fees)Rental Strategy: Potential annual income of €87,312/year (Approx. 8.6% - 10% gross yield depending on the lot).### Technical FeaturesHeating: Individual Gas / Electricity.Windows: Majority double-glazed (Significant cost saving).Insulation: Attics already insulated.View: Unobstructed views of the city and the Pyrenees mountains.Condition: Interior requires refreshment/renovation—blank canvas for professional restructuring.### Investor Insights: Why Act Now?This property is a rare find due to its regulatory compliance. The inclusion of 22 parking spaces removes the primary obstacle to property division in downtown Tarbes. With a sound structure and a high energy rating, the renovation budget is focused strictly on interior value creation rather than structural repairs.Contact for Data Room & Site Visit:Sébastien LAFONCommercial Advisor A complete dossier (Dpe, cadastral maps, division schemes, and financial notes) is available for qualified professionals.