This property doesn't exist anymore

COMMERCIAL OR HOUSING BUILDING WITH FOUR STOREYS

The commercial building on Rue du Temple 5 in Payerne dates from 1982 and has four complete floors, a basement and an attic. Taking advantage of a central location, the building is a massive construction with a facade mainly plastered with stone elements at the entrance to the ground floor (front of the building). Access to the floors of the building is via a double flight staircase and two elevators (the main elevator from the basement to the 3rd floor is currently not functional and will not be repaired). The second elevator goes from the basement to the 1st floor. The building houses a total of four business units, all of which are currently vacant. The former bank branch on the ground floor, with storage space on the 1st floor, has recently moved, only the ATM is still in operation. The upper floors have been vacant for longer. Credit Suisse would be keen to lease a 24-hour area on the ground floor. The building does not have its own parking spaces. However, there are parking spaces in the blue zone just outside.

The business units have different levels of layout. The former premises of the bank branch are in very good condition. The premises on the upper floors are a bit older in terms of construction standards and renovation measures will be necessary in order to be able to rent them again. The fundamental question here is whether the three separate units on the upper floors should be converted into apartments. According to the building regulations and a request to the town planning department, this should be possible, in accordance with the area plan. Interior access, with stairs and elevators, is already available. The units have a reasonable ceiling height, a good floor plan, but so far no outdoor space. On the first floor, an extension of the ground floor to the east would make it possible to create a terrace and, possibly, to install balconies above.

Currently, the building does not generate any rental income. If the commercial areas, including the annexed areas in the basement, are fully let, we can expect an annual net income of around CHF 110,000.00, provided that the commercial units on the upper floors are renovated beforehand. If we deduct the yield and the area of the basement, the average price per m 2 and per year is CHF 210.00. It is therefore within the average rental offer in this area.

The indicative sales price of this commercial property has been set by the owner and Dr. Meyer Immobilien AG at

CHF 2,020,000.00

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