Attractive investment property in Basel's St. Johann: For sale is a characterful apartment building in a central location on Elsässerstrasse 83 in Basel. The property, built in 1913, has been continuously maintained and partially renovated, most recently in 2017. Spread over five floors, it comprises 9 apartments and an established restaurant and bar business on the ground floor. The mixed use provides a diversified revenue profile and combines living with a gastronomic offer in an urban location.

Building and areas:

• Net living area: approx. 963 m²
• Plot area: 384 m²
• Building volume: 4,484 m³
• Year of construction: 1913
• Last documented renovation: 2017
• Gas heating with heat distribution via radiators
• No elevator, parking spaces, or garages on the property

The rooms are bright and friendly with modern, renovated surfaces. Beautiful old building proportions characterize the property's appearance and give it a unique, representative aura. The visible balconies and modern interior design complement the urban living comfort.

Convincing location in Basel St. Johann: Shopping facilities, gastronomy, and services are in the immediate vicinity. A public transport stop is conveniently located in front of the house. Basel St. Johann train station is approx. 457 m away, and the motorway access is approx. 250 m away. Tram and S-Bahn connections ensure short distances within the city and to the region. The Kannenfeldpark and the Rhine promenade are also attractive recreational areas within reach. The Novartis campus, university hospital, and other major employers underline the sustainable location quality.

The purchase price is CHF 5,595,000. The gross return shown in the Smart Listing is approx. 3.9% IST or approx. 4.7% SOLL if raised to market rent level. An interesting opportunity for investors who want to acquire a well-maintained apartment building with mixed use and a broad tenant structure in Basel.

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