Life at № 42 by E.M. Coutinho
After much deliberation, and while we still had guests, we made an offer on the property above. It was accepted, we signed the private contract and we’ll be at the notary signing the official version tomorrow.
It’s got six flats (five of which are already rented) distributed over the 2nd and 3rd floors. Three two bedrooms, a one bedroom and two studios. The ground floor is a really fantastic blank space, which we’re going to make into a three bedroom with a nice 300m2 garden all to itself. It’ll also have its own entrance door from the street.
It was an obvious yes. The apartments all need some degree of work, but they have nice spaces. The building was originally an atelier for leather products. The ceilings are high, the stairs are elegant- the place oozes potential. The exterior architecture is plain, but some colour will hopefully increase its charm. In any event, it’s a very solid, well built structure.
Mike is happy because it’s an easy straightforward project, and I’m happy it’s a big enough project to be interesting and challenging from a creative perspective. In any event this purchase means we now have a quite decent portfolio of rental properties. I think we can still add another three to five apartments to the list in the next year, but there’s no rush.
In other news we had a great time with our visitors. The Mazamet summer market was on on the day of their arrival- which was terribly convenient. Beautiful produce, local organic/bio products etc. etc. Many of the producers make food with their products so people can try them out. Later in the the evening there’s music. Just lovely.