Residential building

1196 Gland
1165 m²

For sale, Investment building, 1196 Gland, Réf GS

We have the advantage of offering for sale a package of 16 condominium units out of a total of 21, within a building constituted as PPE (Propriété Par Étages - Condominium) and erected in 2016, of superior quality and fully leased by qualitative and financially sound tenants.

The elements that we make available to you, upon request and after signing a confidentiality agreement, to allow you to assess your potential interest in acquiring the aforementioned lots, are as follows:
  • Management accounts for the 16 leased lots 2024-2025, including the allocated parking spaces;
  • Interior photos of apartments and attic offices;
  • Photo of the facade
  • Rental statement for the 16 lots and their annexes
  • ECA policy

We draw your attention to the fact that each lot grants one vote. Thus, the acquirer of the 16 out of 21 lots will have a proportional decision-making power.

The average annual budget of the PPE is CHF 68'000.00, of which 907/1000 is borne by the owner of the 16 lots, i.e., CHF 62'356.00/year.

Considering the price expected by the selling owner and its annual net rental income, the gross yield derived from it is 3.9%.

It is specified that it is possible to acquire the company holding the lots, which represent its only assets, which will avoid the payment of transfer duties.

The takeover of the current mortgage with the pledge creditor, at a fixed rate of 2.7%, running for another 8 years, is one of the imperative conditions imposed by the seller.

Considering all the elements expressed above, it is naturally advisable to approach this investment from the perspective of net yield and not gross yield. The latter can be evaluated as follows:

The net yield resulting from this objective simulation is 4.84%.

At the end of the first eight years, considering an average mortgage rate of 1.5%, the net yield will be considerably increased, as shown by the following simulation:

Annual net income CHF 423'515.10 (average of 2024-2025 statements, maintenance and operating costs deducted – without increase for prudent consideration)
./. annual co-ownership fees
./. mortgage from the 9th year

The net yield resulting from this objective simulation is 7.83%.

Considering the constructive quality of the building, its optimal energy performance (Minergie Label), its exceptional location, the objectively controllable considerations (with the exception of the future mortgage market), the simulation expressed above appears to us to be perfectly consistent with reality.

Further information

1458 m² (surface areas)
1165 m² (usable areas)
Built in 2016
Available from now on
Reference GS

Equipment

Lift
Children friendly
View
Parking
Garage
Has wheelchair access

This property is proposed by

Régie Privée SA
Chemin des Anciens-Moulins 2A
1009 Pully