Living space
491 m2
Selling price
On request
"Yield 3.5% - Package of 8 apartments - Meyrin (GE)"
Address
1217 MeyrinPrice
- Purchase price:
- On request
Main information
- Availability:
- By agreement
- Type:
- Apartment
- Surface living:
- 491 m2
Documents (0)
Description
Located in the heart of Meyrin, a popular municipality in the canton of Geneva, renowned for its green surroundings, 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. In fact, about 50% of the apartments are currently occupied by elderly tenants who benefit from the protection provided by Geneva legislation, limiting the possibilities for rent revision. Future changes in tenants will thus allow for a gradual revaluation of rents and a significant improvement in yield.
This portfolio constitutes an excellent opportunity for an investor looking for a secure asset that generates immediate income and has strong potential for value creation in the medium term.
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. In fact, about 50% of the apartments are currently occupied by elderly tenants who benefit from the protection provided by Geneva legislation, limiting the possibilities for rent revision. Future changes in tenants will thus allow for a gradual revaluation of rents and a significant improvement in yield.
This portfolio constitutes an excellent opportunity for an investor looking for a secure asset that generates immediate income and has strong potential for value creation in the medium term.
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Viewing
Contact for viewing
Guive Emami, MRICS
Contact
Gary SA
- Listing ID
- 4003300205
- Object ref.
- AGE-8901-S