Sale of a residential building with 20 apartments - Jura

05 March, 2021 / References

Asking price

0 - 5 MIO


Gross yield
6.9%

commercialisation type
Exclusive mandate

Type of property
Residential investment building

Duration of commercialisation
2 months

Canton
Jura

The sale of an investment property located outside the buyers' preferred geographical area requires active and seamless commercialisation.

Rental building dating from 1958 which has been regularly maintained since its construction date.


The building consists of 20 apartments from 2.5 to 4.5 rooms, spread over 7 floors, including basements (technical room, laundry room and cellars).
Outside there are about 15 individual garages as well as storage rooms for tenants' usage.


The location of the building close to amenities, schools and the city centre makes it attractive to both tenants and future investors.


The property was marketed to qualified investors who were provided with complete documentation including macro and micro analysis, as well as an additional study of the rental situation in the surrounding areas.


The sales process was based on a two-stage tender, whereby in the first, time-limited phase, we requested letters of intent from our customers and then proceeded with visits to enable to make binding offers.


The sale was finally signed at a price slightly above the desired sales price.
 


Other References