UNESCO Building with Rental Income (expansion potential and 5.77% gross yield)

At a glance

Description

INVESTMENT PROPERTY - 2400 LE LOCLEA solid asset in the heart of the Horlogerie ValleyRare opportunity to acquire a UNESCO-protected building with character, built in 1905 and fully renovated over the past decades. Ideal for private investors seeking a tangible asset, immediate rental income, and concrete potential for value appreciation. The property in figures Asked price: CHF 3,200,000Current rental income: CHF 156,480 / yearCurrent gross yield: 4.89%Potential gross yield (fully rented): 5.77%Insurance value (building + garages): CHF 4,400,000+ First-class tenants from day one Monthly income from established and recognized tenants: CHF 13,040Immediate potential for value appreciation: +CHF 28,000/yearTwo levels are currently vacant and offer a direct opportunity to improve the yield: 2nd floor + attic Once these areas are rented: the gross yield would increase to 5.77% - CHF 185,000 Development potential and construction The 1,649 m² plot offers significant development opportunities that go beyond the existing building: New building on the east side - in place of the current garages, the plot and configuration allow for the construction of a new 250 m² building with 14 m height, for industrial or residential use, with the possibility of an underground garage. Such a project represents an important lever for value creation. Attic conversion into lofts - there are already existing plans (architectural variant), illustrating the creation of two lofts with ~68 m² in the attic area (height under the roof 3.20 m, height under the rafters 1.80 m). External elevator - installation is possible on the west side, making the floors fully accessible and significantly increasing their rental value. CAPEX Roof and windows were completely replaced in 2009 Facades were renovated in 2010 Offices and sanitary facilities were renovated in 2018 Fire alarm system and surveillance cameras are installed The property Plot area: 1,649 m² (plot no. 3977, Le Locle) Total usable area of the building: ~1,590 m² on 5 levels Zone of use: Mixed zone (commercial + residential) Classified as RACN 2nd category - typical and picturesque building Replacement value (ECAP): CHF 4,165,589 Contact us for more information.

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