This property doesn't exist anymore

RESIDENTIAL AND COMMERCIAL BUILDING

The beautiful residential and commercial building on Rue HF Sandoz in 2710 Tavannes dates from 1924 and has five complete floors, a basement and an unfinished attic. This attractive building is a massive construction with a plaster facade with decorative stones at the base, at the entrance to the ground floor. Access to the three floors within the building is via a helical staircase with beautiful terrazzo flooring and a centrally located elevator. The building comprises a total of six apartments and three commercial units (two of which can be converted into apartments). It also has 4 individual garages and a total of 12 outdoor parking spaces. The only vacancy covers the entire ground floor with storage space on the 1st floor (former bank branch).

The apartments have different levels of furnishings. Individual units have been partially renovated in recent years and have newer sanitary facilities and floors. The apartments have high ceilings, a good floor plan and balconies facing west (except for the two apartments on the 4th floor). The condition of the commercial space on the ground floor is good. It was renovated about 5 years ago.

The rental income of this building is currently around CHF 89,200.00 per year and is lower than market rents due to the vacancy of the commercial space on the ground floor and the long term of the apartment leases. We estimate that the long-term rental income could be CHF 125,000.00 if the retail space on the ground floor is let without adjustment of the other leases. If apartments that have not yet been renovated were fully sanitized and re-let, income could increase further.

The indicative sales price of this residential and commercial building was set by the owner and Dr. Meyer Immobilien AG at

CHF 1,854,000.00

Do not hesitate to contact us so that we can arrange an appointment for a visit.