"4.5 rooms in a new building, interior construction in progress: rent in the house is occupied, 3.19% gross"

Construction progress November 2026: In house B at Birchweg 18, the interior construction is underway. The first kitchens, floor coverings, and built-in cabinets have been installed, and the facade is almost finished. Of the 17 condominiums, only two are still available: this 4.5-room apartment B05 on the 1st floor and the identical B09 above. Available for occupancy from February 2027.

The apartment

• 4.5 rooms, 102 m² net living area, two bathrooms (bathtub and shower)
• Open area for cooking, eating, and living with 34.8 m²
• Three rooms with 14.8 m², 12.2 m², and 11.8 m², separate from the living area
• Covered balcony with 18.8 m² and a view into the green
• Entrée 11.1 m² with built-in wardrobe, Reduit 5.0 m² with connection for the washing tower, cellar compartment
• Purchase price CHF 969'000, parking space CHF 38'000, two spaces flat rate CHF 60'000

Calculated as a capital investment
The identical apartment B13 in the same house is rented from March 1, 2027, for CHF 2'610 net. For B05, we cautiously assume CHF 2'560 net plus CHF 120 for the parking space. This results in a purchase price of CHF 1'007'000, including a parking space:

• Rental income CHF 32'160 per year, gross return 3.19%
• Net return 2.75% after owner costs, provisions, and 2% rent loss
• Free cash flow CHF 16'401 per year with 70% financing and 1.60% interest
• Break-even at a mortgage rate of 3.93%
• No real estate transfer tax in the canton of Schaffhausen, ancillary costs account CHF 200 per month at the expense of the tenant

All assumptions, sources, and sensitivities can be found in the investment dossier, which we will provide upon request. Indicative calculation before taxes, no guarantee.

Fit-out: decide now
Because the other apartments are already being installed, a quick decision is worthwhile: This way, the fit-out of B05 runs in the construction process. A coordinated sampling proposal is available (oak parquet, kitchen with granite cover and Electrolux appliances, bathrooms in cast stone with frameless glass wall). You can adopt it or choose individual positions differently within the budgets. Only the material is invoiced for floor and wall coverings, the installation is included in the purchase price.

House and location
Air-water heat pump with underfloor heating, photovoltaics with connection for self-consumption, triple glazing, motorized shutters. Elevator accessible to the underground garage, charging infrastructure prepared. The Pilgerbrunnen bus stop is 35 meters in front of the house, and you can reach Schaffhausen train station in 9 minutes. Zurich main station can be reached from there in 38 minutes. The Mühlental begins about 300 meters south.

The title image shows the view from one of the upper floors of house B in October 2026. The viewpoint from the 1st floor is lower. The interior images are visualizations. The building description, sampling, and purchase contract are binding.

Viewing on the construction site, also on weekends: Diego Schleinzer, Managing Partner, +41 79 197 61 71, info@aureum-advisory.ch