Building with garden
675 m² floor area — 8 units
The opportunity
A character building with
exceptional potential
Located in the heart of Thiers town centre — world capital of cutlery and a classified tourist town — this historic building with 675 m² floor area (830 m² land) is a rare opportunity for an experienced investor or artisan group via an SCI.
The property comprises 8 residential units across 4 floors, a garden and terrace of 400 m², and a 70 m² vaulted stone room with direct outside access — ideal for events, commercial use, or storage.
The building already generates immediate rental income through the 100 m² T4 apartment (terrace, panoramic view of the Chaîne des Puys) successfully operated as a short-term rental under the name La Coutellerie. This unit produces cash flow from day one.
The remaining 7 units offer significant upside potential: 3 apartments to finish and 4 to renovate, in an OPAH-RU zone eligible for public renovation grants.
- Immediate rental income from day one (La Coutellerie)
- Active tourist area, strong rental demand
- 400 m² private garden + panoramic terrace
- 70 m² vaulted room with exceptional use potential
- OPAH-RU zone: renovation grants available
- Exceptional price per m²: €147/m²
Property composition
8 units & an exceptional space
The building contains 8 apartments of varying sizes and a vaulted stone room. One apartment is already operational (immediate income). The others offer strong upside potential after renovation.
Financial potential
Current income & projected potential
At a purchase price of €99,000 for 675 m² floor area (830 m² land), the price per habitable square metre is €147/m² — an exceptionally low figure for a town-centre building.
Even at an intermediate stage (La Coutellerie + 2–3 additional units brought online), the gross yield exceeds 25–30% on the initial outlay — excluding renovation costs.
* Indicative estimates based on Thiers rental market rates and La Coutellerie's performance. Not contractual. Renovation costs not included.
Financing
Simulate your acquisition
At a price of €99,000, this investment building is one of the rare properties accessible from just ~€27,000 in equity (20% deposit + notary fees). Better still: Unit 1 already in operation generates ~€1,500/month, covering the monthly repayment from day one.
- Use a mortgage broker — they can negotiate 0.3 to 0.8 percentage points off your rate (saving thousands over the term).
- Insurance delegation (Lemoine law) — choose your own insurer from day one to reduce the TAEG by 0.15–0.30%.
- Renovation cost deductibility — under long-term rental (régime réel), renovation expenses are deductible from rental income and, if the deficit exceeds income, offsettable against overall income up to €10,700/year.
- Loi Malraux (30%) — the building sits in a PSMV zone: approved restoration works qualify for a 30% tax reduction on expenditure (capped at €400,000 over 4 years). On €200,000 of works, that's €60,000 in tax savings.
Gallery
Property photos
Location
25 rue de la Coutellerie
Thiers (63300)
The building stands at 25 rue de la Coutellerie, in the heart of historic Thiers — the world capital of cutlery, a medieval hill town perched above the Durolle gorges in the Puy-de-Dôme. Its heritage and craft tourism generates strong and growing seasonal rental demand.
Mandated agency
Listing managed by AU16IMMO
This site was created by the owner to present the property in detail, in particular the proven rental income demonstrated by La Coutellerie.
For technical questions about the property, the renovation works, or investment strategy, you can also contact the owner directly by email.
The sale is handled by AU16IMMO, the leading agency in Thiers, with all fees paid by the seller.
Contact us
Go through AU16IMMO agency
To arrange a viewing or receive the full file, contact Thierry DUBOST — AU16IMMO directly. All agency fees are paid by the seller. The owner can also be reached for specific technical questions.
Contact the mandated agency to arrange a viewing, receive the full commercial file and secure the transaction through the standard real estate process.
- 👤Thierry DUBOST — Agent
- 📞06 74 73 86 06
- ☎️04 73 51 99 42
- ✉️thierry.dubost2@orange.fr
- 📍16 rue de Clermont, 63300 Thiers
Ask me directly about the property, the operation of La Coutellerie, works already completed or investment strategy. I respond personally. To arrange a viewing, please contact AU16IMMO agency.
- ✉️contact@dinhthiers.fr
- 🌐coutellerie.dinhthiers.fr
- 📋Response within 24–48 business hours
- 📎Plans, surveys, history provided on request