The project Avignon Palais des Papes by Tantiem

Review of the project Avignon Palais des Papes by Tantiem

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 11

Criteria	Points
mortgage coverage	🟩🟩🟩🟩🟩
optimistic scenario margin	∅
pre-commercialization	∅
track record	🟩🟩
location	🟩
in the vicinity	🟩
yield	🟥
LTA	🟩
LTS	🟩
operator commitment	∅
sales price	🟩
permanent loss	∅
late projects	∅
price trend	∅
urban planning risk	∅
debt to equity	∅
debt to asset	∅

This review is proposed by Grégory Vaur on 01/06/2024

⏰ The project starts on 10/06/2024 12h30
💰 The estimated rate of return is 6.6% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of Avignon Palais des Papes Project by Tantiem - Reviewed by Grégory Vaur

Project Details:

Project Date: June 10, 2024, at 12:30 PM
Overall Assessment: 6.6% return in year 1, with a target IRR of 8.1% in year 8. The guarantee is adequate, and the property is located in the central shopping street of Avignon.
Investment Type: Rental Property
Amount to Finance: €230,000
Repayment: In fine for capital, monthly for interests

Project Overview

The project involves acquiring a 48m² commercial property with a 25m² terrace leased by a wine cellar/bar in Avignon. The location is prime, being only 300m away from the Palais des Papes.

Key Points

6.6% Return: Adequate
Guarantee: Legal mortgage with 86% coverage, considered correct
Price Acquisition: Reasonably priced at €198k
Annual Rent: €16,200, on the higher end due to the excellent location and additional terrace space
Tenant: Well-rated wine/bar run by a passionate sommelier (4.8/5 from 130 Google reviews)
Target IRR: 8.1% over 8 years, factoring in average inflation

Pros: The property is in excellent condition, recently renovated, and no major repairs are anticipated. Its location in the bustling center of Avignon, near popular tourist spots, bodes well for consistent foot traffic and business for the tenant.

Cons: Limited information on commercial property price trends, tenant financial stability, and a long-term investment commitment of 8 years.

Conclusion: While the project presents some uncertainties, such as long-term investment commitment and limited market data, the overall solid guarantee, attractive rental yield, and prime location make it a promising opportunity. With prudent due diligence and proactive management, this investment could yield fruitful returns for investors.

My Opinion: Investing in Avignon's historical heart with a popular wine bar tenant seems like a delightful opportunity to blend culture, commerce, and conviviality. With a touch of optimism and a pinch of due diligence, this project has the potential to mature into a fine vintage investment. Cheers to Tantiem for offering such intriguing opportunities! 🍷🏰

Historial rates of return Tantiem

Investor votes results for the project: Avignon Palais des Papes

62 voters
👎35% 👍26% 🤷21% 🏳️18%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...