"Income-generating property, part of the UNESCO heritage site (development potential and gross yield 5.77%)"

INCOME-GENERATING PROPERTY - 2400 LE LOCLE

A solid asset in the heart of the Valley of Watchmaking

A rare opportunity to acquire a character property listed as part of the UNESCO heritage site, built in 1905 and extensively renovated over the past few decades. Ideal for a private investor seeking 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 let): 5.77%

Insured value (building + garages): CHF 4 400 000+

High-calibre tenants from day one

Monthly income from established and well-regarded tenants: CHF 13 040

Immediate potential for appreciation: +CHF 28 000/year

Two floors are currently vacant and offer direct scope to improve the yield:

• 2nd floor + attic with conversion potential

Once these areas are let:

• the gross yield would rise to 5.77% - CHF 185 000

Development and construction potential

The 1 649 m² plot offers significant development opportunities in a mixed-use zone, extending beyond the existing building alone:

• New building on the east side - at the site of the current garages, the cadastral plan and the plot configuration allow for the construction of a new building with a footprint of 250 m² and a height of 14 m, for industrial or rental use, with the option of an underground garage. Such a project represents significant potential for value creation for the investor in the medium term.


• Conversion of the attic into lofts - project plans already exist (dated architectural design variant), illustrating the creation of two lofts of ~68 m² in the attic (height to the roof 3m20, height to the rafters 1m80).


• External elevator - installation possible on the west side, making the floors fully accessible and significantly increasing their rental value.

Capital expenditure

• Roof and windows completely replaced in 2009


• Façades renovated in 2010


• Offices and sanitary facilities renovated in 2018


• Fire alarm system and surveillance cameras in place

The property

• Plot area: 1 649 m² (land parcel no. 3977, Le Locle)


• Total building area: ~1 590 m² across 5 floors


• Zoning: mixed-use zone (business activities + residential)


• Classified in RACN category 2 - a characteristic and picturesque building


• Replacement value when new (ECAP): CHF 4 165 589

Contact us for more information.