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Saint-Jean, Residential building

CHF 12,000,000.-

Firstview

Sale of 20 PPE lots – Saint-Jean neighborhood

CHF 12,000,000.-

GE - Saint-Jean, Genève

Exceptional

Description

Rental property – Geneva Rare residential asset in the heart of a sought-after urban district

Located in a established, dense and well-connectedGeneva district, these 20 residential apartments and 13 parking spaces offer an attractive yield and a sought-after urban environment, appreciated for its immediate proximity to the city center, public transport, the train station, shops and major roads, while maintaining a stable and long-term residential atmosphere.
A location that will continue to attract tenants and secure long-term income.

Key figures for the building

  • 8-storey building + basement
  • 20 residential apartments
  • 13 parking spaces in the basement
  • Total share: 426.15 thousandths
  • Total SIA volume of the building: 13,130 m³
    • of which basement of the building: 3,190 m³
    • Ground area of the plot: 1,412 m²
    • Ground area of the building: 563 m²
  • Surface area of the lots (with balconies)

    • 9 × 3-room apartments – approx. 62 m² = 558 m²
    • 6 × 4-room apartments – approx. 77 m² = 462 m²
    • 5 × 6-room apartments – approx. 115 m² = 575 m²
      • Total: 1,595 m²

    A diversity of surface areas particularly appreciated on the Geneva market, allowing for a wide range of tenants (couples, families, executives).

    Basement – Complete infrastructure

    • Underground parking
    • Common laundry room
    • Bike storage
    • Container storage

    Technical condition & maintenance

    The building has been the subject of regular monitoring and constant investment, guaranteeing excellent technical visibility for an investor:

    • Collective gas heating (boiler room located in a neighboring building)
    • Granite facades replaced in 1997
    • Wooden painted windows, double glazing, replaced in 2012
    • Terraces and roofing refurbished in 2009
    • Renovation fund:
      Between 2022 and 2025, CHF 830’000.- were invested for co-ownership work, namely replacement of the downpipes, nursery room and removal of the rubbish chute.

    A reassuring history of work, limiting the risk of CAPEX in the short and medium term.

    Rental performance

    • Rental income gross:
      CHF 490’000.- / year (apartments + parking)
      • Apartments CHF 459,996.-
      • Parking CHF 30,004.-
    • Charges: approx. 18 % – CHF 88’200.-
    • Rental income net:
      CHF 401’800.- / year
    • Number of rooms: 81 for all apartments
    • Average per room to date: CHF 5,670.- (excluding parking)

    • Gross yield: 4.10%
    • Net yield: 3.85%

    Why this asset is an investment opportunity

    • Strategic and sustainable location in Geneva
    • Residential building fully let
    • Types of apartments with balconies in demand
    • Major work already carried out
    • Solid and transparent net income
    • Ideal asset for institutional or private investors
    • Attractive yields

    Complete file, plans, detailed rental income statement and additional information available on request.
    A building that combines security, yield and potential for the property market in one of the strongest real estate markets in Switzerland.

Details

Neighbourhood
  • City centre
  • Park
  • Green
  • Shops/Stores
  • Shopping street
  • Bank
  • Post office
  • Restaurant(s)
  • Pharmacy
  • Railway station
  • Bus station
  • Bus stop
  • Playground
  • Nursery
  • Preschool
  • Primary school
  • Secondary school
  • Sports centre
  • Bike trail
  • Theatre
  • Concert hall
  • Religious monuments
  • Doctor
  • Medical home
Outside conveniences
  • Balcony/ies
  • Terrace/s
  • Rooftop terrace
  • Garden
  • Bench
  • Quiet
  • Fence
  • Parking
  • Garage
  • Built on even grounds
  • Gabled
Inside conveniences
  • Wheelchair-friendly
  • Lift/elevator
  • Public parking
  • Cellar
  • Bicycle storage
  • CP-Shelter
  • Water softener
  • Heating Access
  • Double glazing
  • Bright/sunny
  • With front and rear view
Equipment
  • Dryer
  • Laundry
  • Internet 1Gbit/s
  • Optic fiber
  • Interphone
  • Code door
  • Caretaker
  • Electric garage door
  • Fire alarm
  • Sprinkler
  • Ventilation
  • Controlled ventilation
  • Outdoor lighting
Floor
  • Tiles
  • Parquet floor
  • Mosaic parquet floor
  • Granite
Condition
  • Very good
Orientation
  • North
  • East
Exposure
  • Good
  • All day
View
  • Clear
  • Park
Style
  • Classic
Miscellaneous
  • Not registered as Contaminated land

Votre nouvelle vie dans ce quartier

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