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IMMEUBLE DE RENDEMENT - 2400 LE LOCLE

A solid asset in the heart of the Watch Valley

A rare opportunity to acquire a character-filled building, part of the UNESCO heritage, built in 1905 and entirely renovated over the past decades. Ideal for private investors seeking a tangible asset, immediate rental income, and concrete potential for appreciation.

The property in numbers

Asking price: CHF 3,200,000

Current rental income: CHF 156,480 / year

Current gross yield: 4.89%

Potential gross yield (fully let): 5.77%

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

First-rate tenants from day one

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

Immediate potential for appreciation: +CHF 28,000/year

Two levels are currently vacant and offer a direct opportunity to improve the yield:

- 2nd floor + attic, convertible

Once these areas are rented out:

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

Potential for development and construction

The 1,649 m² plot offers significant development opportunities, going beyond the existing building:

- New building on the east side - in place of the current garages, the cadastre and plot configuration allow for the construction of a new building with 250 m² of floor space and 14 m in height, for industrial or rental use, with the possibility of an underground garage. Such a project represents an important lever for creating value for the investor in the medium term.
- Conversion of the attic into lofts - existing project plans (dated architectural variant) illustrate the creation of two lofts with ~68 m² in the attic (height under the roof 3m20, height under the rafters 1m80).
- External elevator - possible installation on the west side, making the floors fully accessible and significantly increasing their rental value.

CAPEX

- Roof and windows completely replaced in 2009
- Facade renovated in 2010
- Offices and sanitary facilities renovated in 2018
- Fire alarm system and surveillance cameras installed

The property

- Plot area: 1,649 m² (land register no. 3977, Le Locle)
- Total usable area of the building: ~1,590 m², spread over 5 levels
- Zone of use: Mixed zone (commercial + residential)
- Classified as RACN 2nd category - typical and picturesque building
- Replacement value (ECAP): CHF 4,165,589

Contact us for more information.

Viewing:
Jan Florian
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