RENTAL PROPERTY - 2400 LE LOCLE

A solid asset in the heart of the Watch Valley

Rare opportunity to acquire a character building listed as a UNESCO heritage site, built in 1905 and entirely renovated over the past decades. Ideal for a private investor looking for a tangible asset, immediate rental income, and concrete potential for appreciation.

The property in figures

Asking price: CHF 3,200,000

Current rental income: CHF 156,480 / year

Current 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 13,040

Immediate potential for appreciation: +CHF 28,000/year

Two levels are currently vacant and offer a direct opportunity for increasing yields:

• 2nd floor + attic

Once these areas are rented out:

• 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 building with 250 m² of floor space and 14 m in height, for industrial or rental use, with the possibility of an underground garage. Such a project represents a significant lever for creating value.
• Conversion of the attic into lofts - existing plans (architectural variant) already illustrate the creation of two lofts with approximately 68 m² in the attic (height under the roof 3.20 m, height under the rafters 1.80 m).
• External elevator - possible installation on the west side, making the floors fully accessible and increasing their rental value.

CAPEX

• Roof and windows completely replaced in 2009
• Facades renovated in 2010
• Offices and sanitary facilities renovated in 2018
• Fire alarm system and surveillance cameras installed

The property

• Plot area: 1,649 m² (plot no. 3977, Le Locle)
• Total usable floor area of the building: approximately 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.