Building for sale in 1823 Glion - Vaud
Rental building "Les Hortensias"
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Building Composition and Yield
This magnificent, characterful investment property is located in the sought-after hills above Montreux, in the charming village of Glion.
Boasting spectacular panoramic views of Lake Geneva and the Alps, it offers a rare and highly desirable living environment.
Combining charm, heritage potential, and an attractive yield, this building presents an ideal opportunity for an investor looking to acquire a high-quality property in an exclusive setting.
The building comprises four spacious apartments, each with its own private outdoor space, as well as five outdoor parking spaces.
Building Composition
- Lower Ground Floor: 3.5-room apartment of approximately 90 m² with a terrace and a private garden of 150 m²
- Upper Ground Floor: 4.5-room apartment of approximately 110 m² with a terrace of 45 m² and a private garden of 50 m²
- 1st Floor: 4.5-room apartment of approximately 110 m² with a terrace of 45 m² and a private garden of 50 m²
- 2nd Floor: 5.5-room apartment of approximately 110 m² with balconies totaling 12 m² and a private garden of 40 m²
All apartments are currently rented, providing an immediate, stable, and secure rental income.
Rental Status
The current net annual rental income is:
CHF 99,000 net per year
Based on the current asking price of CHF 2,400,000, the property offers:
- a gross yield of 4.6%;
- a net yield of 4.13%;
The property also presents significant potential for rental appreciation in the medium term, in a market where demand for this type of property remains particularly strong.
Works and Renovations
The building has undergone numerous significant renovations and improvements over the years, resulting in a well-maintained and attractive property for tenants.
Main works carried out:
- 2012: window replacement and boiler room modernization
- 2016: basement drainage and roof repairs
- 2017: facade renovation, radiator replacement, and complete renovation of 3 apartments (floors, kitchens, and bathrooms)
- 2018: stairwell refurbishment, electrical upgrades, intercom installation, and replacement of common doors
- 2023: complete replacement of the building's boiler
- 2025: complete renovation of the first-floor apartment
Regular and rigorous maintenance has been consistently carried out, ensuring the building remains in excellent overall condition and offering significant long-term technical advantages for future buyers.
Technical Data
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