Descriptive

Lot of 4 rented apartments, representing 281 / 1000th of the PPE
Total living area: 446 m2 + Terraces and Balconies 35 m2
The apartments are located in a PPE of two two-storey buildings and 12 apartments, in a quiet side street and green surroundings, with a clear view and a small park that belongs to the PPE. The buildings are very close to schools and 500 m from Creux-de-Genthod station (9 'from Genève-Sécheron and 12' from Genève-Cornavin). The building is also located 2 km from the future headquarters of Lombard Odier, where more than 1,000 jobs will be transferred in 2023.

The 4 apartments are:

RC: 3-room apartment of 66 m2, rented 1'740 Fr.-
RC: apartment of 6.5 rooms of 130 m2 + terrace of 17 m2, rented 3,700 Fr.-
2nd floor: 4-room apartment of 82 m2, rented 1'883 Fr.-
2nd floor: 7.5 room apartment of 168 m2 + 18 m2 terrace and garden, rented 4,300 Fr. -

Each apartment has a parking space. The 82 m2 apartment is currently rented to an 83 year old lady. When he leaves, it will be possible to significantly increase the rent to bring it to at least 3,000 Fr.

The gross rental statement is CHF 129,036 - excluding charges and CHF 139,476 - with provisions for charges
The PPE had at 31.12.2020 a renovation fund of 145,777 Fr.
There are two outstanding loans at Migros Bank:

A loan at a fixed rate of 1.44%, of CHF 2,100,000, non-amortisable, maturing on 11/30/2027

A Libor loan (current rate 0.8%) of CHF 369,150 (current balance), with quarterly amortization of CHF 6,170, maturing on 02/28/2023

Net yield 3.25%

Conveniences