Yield 3.5% - Package of 8 apartments - Meyrin (GE)

At a glance

Description

Located in the heart of Meyrin, a popular commune in the canton of Geneva, renowned for its green setting, numerous infrastructures, and excellent transportation links, this package of 8 apartments represents a high-quality opportunity for a patrimonial investment. The package consists of: - 2 apartments with 6 rooms, - 1 apartment with 4.5 rooms, - 1 apartment with 3 rooms, - 4 apartments with 2 rooms, All apartments are currently rented for long periods, ensuring immediate rental income. This property offers a current gross yield of around 3.5%, with an estimated improvement potential of between 5% and 6% in the medium term. Indeed, about 50% of the apartments are currently occupied by elderly tenants benefiting from the protection provided by Geneva legislation, limiting the possibilities of rent revision. The future changes of tenants will thus allow a progressive revaluation of the rents and a significant improvement of the yield. This portfolio constitutes an excellent opportunity for an investor looking for a secure asset, generating immediate income and having a strong potential for value creation in the medium term.

Location & surroundings