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Landmark Building – Mixed Use

Object PricePrice upon request
AvailabilityTo agree
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Localisation

Immeuble, 1209 Genève

Characteristics

Reference
167.1.P
Availability
To agree
Second home
Non authorized
Condition of the property
Very good
Standing
Standard
Parking places
Yes, obligatory

Description

Located in one of Geneva's most authentic and sought-after districts, this property complex represents a rare heritage opportunity in the heart of an area steeped in history.

The property includes, in particular, a mixed-use building, as well as an emblematic establishment on Geneva's gastronomic scene, recognized for many years as one of the city's most iconic addresses.

Benefiting from remarkable visibility and a strong reputation, this real estate complex occupies a special place in the Geneva landscape and is part of a lively and sought-after environment.

The asset today presents a stable rental status, boosted in particular by the presence of this historic establishment, a veritable local institution attracting a loyal clientele for several generations.

Beyond this stability, the property also offers interesting prospects for optimizing the rental status, thanks to certain development and enhancement possibilities for the existing surfaces, making it possible to envisage an improvement in yield in the medium term.

Thanks to its strategic location, the solidity of its commercial operation and its emblematic character, this complex represents a particularly attractive investment opportunity on the Geneva market.

This type of asset, combining notoriety, rental stability and valuation potential, is particularly sought-after by investors wishing to acquire an iconic property in one of Europe's most stable and dynamic cities.

6 outdoor parking spaces complete the package

Theoretical rental income 2024: CHF 502'524.00 /year

Fixed costs 2024: CHF 25'299.40 /year

Net yield: approx. 3.70%

Gross yield: approx. 3.90%

Conveniences

Neighbourhood
  • City centre
  • Shops/Stores
  • Shopping street
  • Bank
  • Restaurant(s)
  • Bus stop
Outside conveniences
  • Parking
Orientation
  • South
  • East
  • West
Exposure
  • Optimal