Apartment building with great development potential in an attractive location

Apartment building with great development potential in an attractive location This apartment building in Niederbipp offers an interesting opportunity for investors, project developers, or buyers with a vision. The property is located in an attractive and quiet 30 km/h zone and offers, in addition to existing rental income, particularly interesting possibilities for future development due to its renovation and expansion potential. The building dates back to the 1920s (exact year of construction unknown) and comprises a total of three 3.5-room apartments with a total living area of approximately 132 m². Due to the total area, the three apartments are rather compact and are particularly suitable for single people, couples, or small households. In addition to the apartments, there are corresponding cellar rooms and a hobby room available. The hobby room is currently rented for CHF 300.- per month. Current use and income The two lower apartments are currently rented for CHF 1,500.- per month each. Both tenants would like to continue the existing rental agreement, provided that this is desired by the future owner and possible after the planned work. The top apartment is currently vacant. A new tenant is being sought for this apartment. A gross rent of CHF 1,900.- per month, including ancillary costs, is planned. Together with the two existing rental agreements and the income from the hobby room, this results in a current or targeted annual turnover of around CHF 60,000.-. Through corresponding renovation, optimized use of the property, and full utilization of the existing parking potential, there is the possibility of increasing the annual income in the future. Parking offer Currently, 7 marked parking spaces are available on the property. In addition, there is the possibility of parking 4 to 5 additional vehicles on the property or realizing additional parking spaces. Thus, a parking offer of up to 12 parking spaces can be used. Highlights Purchase price: CHF 1,190,000.- Plot area: 603 m² Living area: approx. 132 m² 3 × 3.5-room apartments Hobby room + cellar rooms 7 marked parking spaces, up to 12 parking spaces possible Current or targeted annual turnover: approx. CHF 60,000.- Comprehensive renovation and development potential Quiet 30 km/h zone with excellent traffic connections Motorway A1 can be reached in a few minutes Location The property is located in a quiet 30 km/h zone in Niederbipp and thus offers a pleasant living environment with reduced through traffic. At the same time, the location benefits from a very good traffic connection. The A1 motorway can be reached in a few minutes and enables a quick connection in the direction of Bern, Zurich, Basel, and Olten. Shopping facilities, schools, restaurants, and offers of daily needs are also located at a short distance. The combination of a quiet living location, good infrastructure, and excellent traffic connections makes the property interesting for both tenants and investors. Development potential The property offers an interesting starting point for a comprehensive upgrade, particularly due to its current condition. Through targeted renovation measures, optimization of the existing apartments, and better utilization of the parking offer, the future income can be further increased. Thus, the property is suitable both as a long-term rental property and as a renovation and development project for buyers who want to actively use the existing potential. An interesting opportunity for investors looking for an existing property with ongoing income and significant development and value enhancement potential.