"Yield 3.5% - Package of 8 apartments - Meyrin (GE)"
Purchase price
On request
Living space
491 m2
Location
1217 MeyrinCosts
- Purchase price:
- On request
Main information
- Available from:
- By agreement
- Type:
- Apartment
- Surface living:
- 491 m2
Documents (0)
Description
Located in the heart of Meyrin, a popular municipality in the canton of Geneva, known for its green surroundings, numerous infrastructures, and excellent transportation links, this package of 8 apartments represents a high-quality opportunity for a patrimonial investment.
The package consists of:
- 2 apartments with 6 rooms,
- 1 apartment with 4.5 rooms,
- 1 apartment with 3 rooms,
- 4 apartments with 2 rooms,
All apartments are currently rented for long periods, ensuring immediate rental income.
This property offers a current gross yield of approximately 3.5%, with an estimated improvement potential of between 5% and 6% in the medium term. This is because about 50% of the apartments are currently occupied by elderly tenants who benefit from the protection provided by Geneva legislation, limiting the possibilities for rent revisions. Future tenant changes will thus allow for a gradual revaluation of rents and a significant improvement in yield.
This portfolio constitutes an excellent opportunity for an investor looking for a secure asset that generates immediate income and has strong potential for value creation in the medium term.
The package consists of:
- 2 apartments with 6 rooms,
- 1 apartment with 4.5 rooms,
- 1 apartment with 3 rooms,
- 4 apartments with 2 rooms,
All apartments are currently rented for long periods, ensuring immediate rental income.
This property offers a current gross yield of approximately 3.5%, with an estimated improvement potential of between 5% and 6% in the medium term. This is because about 50% of the apartments are currently occupied by elderly tenants who benefit from the protection provided by Geneva legislation, limiting the possibilities for rent revisions. Future tenant changes will thus allow for a gradual revaluation of rents and a significant improvement in yield.
This portfolio constitutes an excellent opportunity for an investor looking for a secure asset that generates immediate income and has strong potential for value creation in the medium term.
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Viewing
Contact for viewing
Guive Emami, MRICS
Contact
Gary SA
- Listing ID
- 4003321536
- Object ref.
- AGE-8902-S