This property doesn't exist anymore

Great opportunity for a builder building 5.48% net return.

We offer for sale a real estate project for renovation and for the construction of a rental building or PPE with a yield of 5.48% net and 6.42% gross.

This old building, listed as a historical monument, is located on the heights of Saxon, in a quiet area overlooking the plain of the Rhone.

The renovation includes 2 buildings: a building and a barn for the development of eleven apartments:
5 x 2.5 room apartments
2 x 3.5 room apartments
3 x 4.5 room apartments
1 x apartment of 6.5 rooms
Total 11 apartments can be sold in EPP (total EPP sales around 5'000'000.-).

The building has 17 parking spaces and 2 closed garages.
Building permits are in force and the renovation is estimated at a cost of CHF 2'000'000.-
It is located on the heights of Saxon, in a quiet and sunny area with a view of the plain.

The renovation project includes:

- The sale of buildings.
- Transformation and renovation plans.
- Building permits in force
- No warrants reserved
- Count approx. 8 to 9 months of work

There are 17 parking spaces and 2 garages

Revenue forecasts:
- Gross rental yield 6.42%
- Rental net yield 5.48%
- Total sale in EPP approx. 5'000'000.-

Situation:
The municipality of Saxon is located in the canton of Valais in the district of Martigny. It enjoys easy access and a beautiful luminosity as well as a natural beauty and the charm of a Valais village.