Revenue-generating building, part of the UNESCO World Heritage (expansion potential and gross 5.77%)
COMMERCIAL PROPERTY - 2400 LE LOCLEA solid asset in the heart of the Watch ValleyA rare opportunity to acquire a UNESCO-protected building, constructed in 1905 and fully renovated over the past decades. Ideal for private investors seeking a tangible asset, immediate rental income, and concrete potential for value appreciation.The property in numbersAsking 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 from established and recognized tenants: CHF 13,040 Immediate potential for value appreciation: +CHF 28,000/yearTwo levels are currently vacant and offer direct potential for rent improvement: • 2nd floor + attic convertible Once these areas are rented out: • the gross yield would increase to 5.77% - CHF 185,000 Development potential and constructionThe 1,649 m² plot offers significant development opportunities, in a mixed zone, which go beyond 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 an important lever for value creation for the investor in the medium term. • Conversion of the attic into lofts - existing plans (dated architectural variant) illustrate the creation of two lofts with ~68 m² in the attic (height under the roof 3m20, height under the roof trusses 1m80). • External elevator - possible installation 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 installed The property • Plot area: 1,649 m² (plot no. 3977, Le Locle) • Total building area: ~1,590 m² on 5 levels • Zone of use: Mixed zone (commercial + residential) • Classified as RACN 2nd category - typical and picturesque building • Replacement value (ECAP): CHF 4,165,589 Contact us for more information.