INCOME PROPERTY - 2400 LE LOCLEA solid asset in the heart of the Watch Valley
Rare opportunity to acquire a characteristic building listed as a UNESCO heritage site, built in 1905 and entirely renovated over the last decades. Ideal for a private investor seeking a tangible asset, immediate rental income, and concrete appreciation potential.
The property in figures
Asking price: CHF 3,200,000
Current rental income: CHF 156,480 / year
Current gross yield: 4.89%
Potential gross yield (fully leased): 5.77%
Insurance value (building + garages): CHF 4,400,000+
First-class tenants from day one
Monthly income from established and recognized tenants: CHF 13,040
Immediate appreciation potential: +CHF 28,000/year
Two levels are currently vacant and offer direct yield improvement potential:
Once these areas are leased:
Development and construction potential
The 1,649 m² plot offers significant development opportunities, in a mixed-use zone, which go beyond the existing building:
CAPEX
The property
Contact us for more information.
Rare opportunity to acquire a characteristic building listed as a UNESCO heritage site, built in 1905 and entirely renovated over the last decades. Ideal for a private investor seeking a tangible asset, immediate rental income, and concrete appreciation potential.
The property in figures
Asking price: CHF 3,200,000
Current rental income: CHF 156,480 / year
Current gross yield: 4.89%
Potential gross yield (fully leased): 5.77%
Insurance value (building + garages): CHF 4,400,000+
First-class tenants from day one
Monthly income from established and recognized tenants: CHF 13,040
Immediate appreciation potential: +CHF 28,000/year
Two levels are currently vacant and offer direct yield improvement potential:
- 2nd floor + convertible attic
Once these areas are leased:
- the gross yield would increase to 5.77% - CHF 185,000
Development and construction potential
The 1,649 m² plot offers significant development opportunities, in a mixed-use zone, which go beyond the existing building:
- New building on the East side - at the location of the current garages, the land register and the configuration of the plot allow for the construction of a new building of 250 m² footprint over 14 m high, for industrial or rental use, with the possibility of an underground garage. Such a project represents a significant value creation lever for the investor in the medium term.
- Attic conversion into lofts - project plans already exist (outdated architectural variant), illustrating the creation of two lofts of ~68 m² in the attic (roof height 3m20, rafter height 1m80).
- External elevator - possible installation on the west side, making the floors fully accessible and significantly increasing their rental value.
CAPEX
- Roofing and windows entirely replaced in 2009
- Facades renovated in 2010
- Offices and sanitary facilities renovated in 2018
- Fire alarm system and surveillance cameras in place
The property
- Plot area: 1,649 m² (property no. 3977, Le Locle)
- Total building area: ~1,590 m² spread over 5 levels
- Zoning: Mixed-use zone (activities + housing)
- Classified RACN 2nd category - typical and picturesque building
- New replacement value (ECAP): CHF 4,165,589
Contact us for more information.
