UNESCO Building with Rental Income (Potential for Extension and 5.77% Gross Yield)
IMMEUBLE DE RENDEMENT - 2400 LE LOCLEA solid asset in the heart of the Watch ValleyA rare opportunity to acquire a character building inscribed in the UNESCO heritage, built in 1905 and entirely renovated over the last decades. Ideal for a private investor looking for a tangible asset, immediate rental income, and concrete potential for appreciation.The property in figuresAsking price: CHF 3,200,000Current rental income: CHF 156,480 / yearCurrent gross yield: 4.89%Potential gross yield (fully let): 5.77%Insurance value (building + garages): CHF 4,400,000+First-class tenants from day oneMonthly income thanks to established and recognized tenants: CHF 13,040 Immediate potential for appreciation: +CHF 28,000/yearTwo levels are currently vacant and offer a direct opportunity to improve the yield: • 2nd floor + attic, convertible Once these areas are rented out: • the gross yield would increase to 5.77% - CHF 185,000 Potential for development and constructionThe 1,649 m² plot offers significant development opportunities, exceeding the existing building: • New building on the east side - in place of the current garages, the cadastre and plot 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 value creation. • Conversion of the attic into lofts - existing project plans (architectural variant) illustrate the creation of two lofts of ~68 m² in the attic (height under the roof 3.20 m, height under the rafters 1.80 m). • External elevator - installation possible on the west side, making the floors fully accessible and significantly 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 in place The property • Plot area: 1,649 m² (plot no. 3977, Le Locle) • Total usable floor area of the building: ~1,590 m², spread over 5 levels • Zone of use: Mixed zone (industrial + residential) • Classified as RACN 2nd category - typical and picturesque building • Replacement value (ECAP): CHF 4,165,589 Contact us for more information.