Rare opportunity! Multi-family house with 9 apartments and restaurant & bar

Those looking for a property with 9 apartments and an established restaurant and bar business will find a multi-family house with 963 m² of net living space on 5 floors at Elsässerstrasse 83 in Basel. The 1913 building was renovated in 2017 and presents itself as a continuously maintained and partially renewed property with a diversified tenant mix of residential and gastronomy.

• 9 apartments and established restaurant and bar business
• Interesting, broadly based revenue profile
• Convicing location, right in the middle of the quarter, not far from Voltaplazt and St. Johann-Park
• The property has been continuously maintained and partially renewed
• Proven location with a diversified tenant mix of residential and gastronomy

The combination of residential and gastronomy creates a versatile starting position with a clear structure. A property with a solid presence and balanced usage mix.

Gross return IS: approx. 3.9% - already solidly rented today

Gross return SHOULD: approx. 4.7% when raised to market rent level

In 2017, a new gas central heating system, as well as partial electrical and sanitary installations, and a roof renovation were carried out. Additionally, the windows were replaced and the restaurant was renovated.

Have we sparked your interest? Then we look forward to your non-binding contact!

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