Building for sale in Le Locle, Switzerland

INVESTMENT BUILDING - 2400 LE LOCLEAn solid asset in the heart of the Vallée de l'Horlogerie

Rare opportunity to acquire a UNESCO World Heritage building of character, built in 1905 and completely renovated in the last decades. Ideal for a private investor looking for a tangible property, immediate rental income and concrete valuation potential.

The property in numbers

Asking price: CHF 3,200,000

Current rental income: CHF 156,480 / year

Current gross yield: 4.89%

Potential gross return (full lease): 5.77%

Insurance value (building + garages): CHF 4,400,000+

Leading tenants from day one

Monthly income from established and recognized tenants: CHF 13,040

Immediate value potential: +CHF 28,000/year

Two levels are currently vacant and offer room for direct improvement in performance:

• 2nd floor + Convertible attic space

Once these areas have been rented:

• the gross yield would rise to 5.77% - CHF 185,000

Development and construction potential

The 1,649 m² plot offers significant development opportunities, in a mixed zone, that go beyond the existing building alone:

• New building on the east side - on the site of the current garages, the land registry and the configuration of the plot allow the construction of a new building of 250 m² on the ground and 14 m high, 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 - project plans already exist (dated architectural variant), illustrating the creation of two lofts of ~68 m² in the attic (roof height 3m20, rafters height 1m80).
• External elevator - installation possible 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 in place

The property

• Plot area: 1,649 m² (land no. 3977, Le Locle)
• Total building area: ~1,590 m² spread over 5 levels
• Duty Station: Mixed Zone (Activities + Housing)
• Classified RACN 2nd category - typical and picturesque building
• Replacement value (ECAP): CHF 4,165,589

Contact us for more information.