Mixed-use building with rental income - up to 14.7% gross with exploitation of the dance floor
Beautiful mixed-use building consisting of a café & restaurant, a dance floor, 3 apartments, and an office. Surrounded by the Waadtländer mountains, waterways, and forests, Le Sentier, which has 3,000 inhabitants, is the most populous village in the Joux valley. The village and its surroundings have been an important showcase for the watch industry since the 18th century. Le Sentier is located in the Jura-Nord vaudois district, in the canton of Vaud, at an altitude of 1,000 meters, and is particularly attractive due to its proximity to nature, Geneva airport, the cultural offer, and the watch industry that characterizes the entire Joux valley. Located in the heart of Le Sentier, this beautiful mixed-use building, which was completely renovated between 2015 and 2020, consists of: Ground floor: • 1 café & restaurant in operation, consisting of two rooms, kitchen, and terrace. Living area of 137 m2 • 1 dance floor with mezzanine. Living area of 160 m2 • Toilets 1st floor: • 1 apartment with 2 rooms, 40 m2, consisting of: 1 American-style kitchen and living room1 bedroom1 bathroom with toilet and laundry room • 1 apartment with 3 rooms, 80 m2, consisting of: 1 entrance hall with storage space1 American-style kitchen with living room and dining room2 bedrooms1 bathroom with toilet1 washing machine and dryer connection • 1 separate office, approximately 12 m2. 2nd floor: • 1 apartment with 4 rooms, 100 m2, consisting of: 1 entrance hall with storage space1 large dining room with American-style kitchen and living room3 bedrooms1 bathroom with toilet1 washing machine and dryer connection1 attic for storage Basement: • Cellars and storage rooms. • Garage. Outdoor areas: • 1 large terrace for the restaurant and café. • Several parking spaces. Return on investment: Residential units1 apartment with 2 rooms: gross annual rent: CHF 9,000.-1 apartment with 3 rooms: gross annual rent: CHF 15,600.-1 apartment with 4 rooms: gross annual rent: CHF 15,600.- Total gross annual rents for residential units: CHF 40,200.-/year Commercial unit - Restaurant Rented restaurant: gross annual rent: CHF 42,500.- Commercial unit - Dance floor Dance floor currently not in useNo current rental income.As an indication, partial use of the dance floor for three evenings a week, or rental for events (private evenings, local businesses), could generate up to CHF 180,000.- in gross annual revenue. Additional unit - Office Office currently not rented, currently used privately by the owner's parents.No current rental income.Potential for additional rental. Investor return analysis: Current gross rental income (excluding dance floor and office): CHF 82,700.-/yearSale price: CHF 1,790,000.-Current gross return: ~4.6%Potential gross rental income with dance floor in use: CHF 262,700.-/yearPotential gross return: ~14.7%
