Flat in Geneva, Switzerland, 462 m²

462 m²

• ✓ Suitable for children
• ✓ Parking
• ✓ Garage
• ✓ Balcony
• ✓ Pets allowed
• ✓ Garden

Income property with restaurant in the center of Céligney (Geneva) has a unique location in the only Geneva commune surrounded by the canton of Vaud. This property has a privileged location in the center of the village, in a quiet and green environment.

Built around 1850 on a 511m² site, this mixed use building has been regularly maintained in good condition with numerous works including replacing the windows with modern double glazing, a complete upgrade of the electrical installation with a recent OIBT inspection, replacement of the oil fired boiler, as well as regular maintenance of the roof and common areas.

The building includes a residential part: a five-room apartment in the attic; four-room apartment with a south-facing balcony; two three-room apartments; and studio. Housing is gradually updated as tenants change, which allows us to constantly improve the quality of the offer and maintain its attractiveness.

On the ground floor there is a well-known and loved by local customers restaurant with a pleasant outdoor terrace, which is a significant commercial advantage.

The property is equipped with heating through radiators and hot water production using a new oil-fired boiler. There is also a large private garden, a garage and several external parking spaces, as well as individual sheds that serve as basements and storage rooms for tenants.

Yield Potential: Rents currently charged are deliberately moderate as the owners have sought a favorable rental policy for their residents. Thus, for the future buyer there is an opportunity to optimize rental income in the medium term, while maintaining a high level of occupancy.

It is noteworthy that one of the facades of the building is included in the inventory of historical monuments, giving the object an authentic and historical character, which is especially appreciated. This is a rare opportunity in the Geneva market, attractive to investors looking for a high quality asset, combining rental stability, growth potential and a privileged location in a sought-after community.