3.93% Yield: 6 Apartments For Sale In A Block

6 condominiums for sale in the iconic Lignon district, in Vernier, offering a yield of 3.93%! Exceptional lot of 6 apartments located in the well-known Lignon neighborhood, specifically in the building at Lignon 48. This historic building, known for its iconic architecture and prime location, offers a unique investment opportunity. The Lignon 48 building benefits from excellent access to public transport, with several bus stops nearby, facilitating travel to the city center and other neighborhoods. By car, it is easily accessible, providing a quick connection to the highway and the airport. Additionally, well-developed bike paths and pedestrian areas make access to local amenities safe and convenient. Lignon 48 is at the heart of a vibrant community. Residents can enjoy various cafes, restaurants, and local shops, fostering social interactions and exchanges. Furthermore, the neighborhood is home to green spaces, cultural centers, and sports facilities, encouraging an active and friendly lifestyle. The lot of 6 apartments represents 248.10/1,000ths of the condominium and a total living area of 473 m2 and loggias of 39 m2. The building has 12 floors, with 2 apartments per floor. IMMOCLOUD has analyzed the rental investment yield in the presentation file below. We present a summary of the analyses in the following lines: Apartment Distribution: 1st floor: 1x 5 rooms - Lot 3.01 5th floor: 1x 4 rooms - Lot 7.02 6th floor: 1x 3 rooms - Lot 8.01 7th floor: 1x 4 rooms - Lot 9.02 8th floor: 1x 3.5 rooms - Lot 10.01 11th floor: 1x 5 rooms - Lot 13.02 Leases are provided only in case of confirmed interest. Stunning unobstructed views (varies by apartment) Orientation Southeast/Northwest (depending on the apartment) Condominium Accounts The renovation fund amounts to CHF 716,000.- to which the allocation to the renovation fund must be added. A portion of the funds will be used for the refurbishment of the building’s facade (Voted in AGO) Financial Details Sale price: CHF 3,500,000.- for all 6 apartments Annual net rental income: CHF 137,447.- (including deduction of charges) Thus a yield of 3.93% In projection, in the medium term, the yield can be raised to 4.7%! A true opportunity to seize.