Opportunity to acquire this apartment sold at auction soon:
Description of the building:
1. Background and Situation
- Rehabilitation of an industrial site: The building is erected on the former production site of the Ginox company, thus participating in the redevelopment of the Vaudrès district, formerly marked by industrial activity.
- Privileged location: Located between Vevey and Montreux, near the shores of Lake Geneva, the Espace Riviera offers an attractive living environment with a breathtaking view of the lake and the Alps, as well as easy access to amenities (shops, schools, transport).
2. Building Characteristics
- Contemporary architecture: The U-shaped building creates a convivial inner courtyard and distributes 65 condominium apartments, spread over six levels.
- Housing typology: The building offers 3-room and 4-room apartments with generous volumes, with large bay windows that promote brightness.
- Outdoor spaces: Single-storey garden terraces for the ground floor apartments, balconies of different lengths on the upper floors and panoramic terraces for the penthouses provide residents with private outdoor spaces.
- Landscape integration: The inner courtyard and the surroundings of the building benefit from careful landscaping, alternating plant and mineral areas, thus creating a pleasant living environment.
3. Technical and Environmental Solutions
- Sound insulation: Measures have been taken to reduce the noise impact of the neighbouring carpentry, in particular by installing triple glazing in strategic places.
- Energy efficiency: The heating of the building is provided by a gas system, complemented by solar panels for the production of domestic hot water.
4. Project Highlights
- Quality of life: The Espace Riviera offers an attractive living environment combining modernity, comfort and proximity to nature.
- Brightness: The large windows of the apartments guarantee maximum natural light.
- Panoramic view: The upper floors enjoy an exceptional view of Lake Geneva and the Alps.
- Private outdoor spaces: Terraces, balconies and gardens offer residents outdoor spaces to fully enjoy the surrounding environment.
The Espace Riviera represents an ambitious real estate project that is part of an urban revitalization process. By combining contemporary architecture, bright living spaces and neat landscaping, this project offers an ideal living environment for future residents.
Performance projection:
Purchase price including transaction costs: CHF. 700'000.--
Potential rent: Net area: 69m2 at CHF. 300.--/m2/year or CHF. 20'700.-- + indoor parking CHF. 1'800.-- Total rental income: CHF. 22'500.--. Equity: 25% or CHF. 175'000.--
Return on equity before financing expenses and taxes: 12.85%
