Rare opportunity! Multi-family house with 9 apartments and restaurant & bar

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Description

Rare opportunity! Multi-family house with 9 apartments and restaurant & bar Those looking for a property with 9 apartments and an established restaurant and bar business will find a multi-family house with 963 m² of net living space on 5 floors at Elsässerstrasse 83 in Basel. The 1913 building was renovated in 2017 and presents itself as a continuously maintained and partially renewed property with a diversified tenant mix of residential and gastronomy. 9 apartments and established restaurant and bar business Interesting, broadly based revenue profile Convicing location, right in the middle of the quarter, not far from Voltaplazt and St. Johann-Park The property has been continuously maintained and partially renewed Proven location with a diversified tenant mix of residential and gastronomy The combination of residential and gastronomy creates a versatile starting position with a clear structure. A property with a solid presence and balanced usage mix. Gross return IS: approx. 3.9% - already solidly rented today Gross return SHOULD: approx. 4.7% when raised to market rent level In 2017, a new gas central heating system, as well as partial electrical and sanitary installations, and a roof renovation were carried out. Additionally, the windows were replaced and the restaurant was renovated. Have we sparked your interest? Then we look forward to your non-binding contact! Do you own a property that you would like to have valued? Our valuation is completely free and non-binding for you. Contact us today and start your new home!

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