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Apartment hotel with leasing contract

2,480,000 €
2,080 € /m²
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  • Total area
    1,192 m²
  • Yield
    5.5%
  • Rental rate (m²/month)
    10 €
  • Built in 
    2017
Details
Property parameters
  • Leasable area: 1,192 m²
  • Land area: 1,850 m²
  • Number of parking lots: 12
  • 4-floor building
Financial performance
  • Minimum owner's capital: 1,350,000 €
Tenants
  • Fully let
  • End of lease: 2022
Loan
  • Loan size: 55% of the value of the property
  • Rate: 2.5%
Transaction costs
  • Notary (state registration): 3.5%
  • Broker: 2.6%

The house is located 12 km from Basel in the canton of Solothurn.

  • 7 studios for 1 person rented out weekly for CHF 260/week.
  • 9 studio with two beds for CHF 380/week.
  • 1 three-bed studio CHF 510/week.
  • 2 four-bedroom apartments with a terrace in long-term lease CHF 1,950/month.
  • 1 two-bedroom apartment on the top floor with a terrace in long-term lease CHF 1,350/month.

The rental price includes weekly cleaning and change of linen as well as Wi-Fi and parking.

For sale is the building with a 5-year lease contract. The owner will receive a fixed payment of 5.5% of the purchase price per year.

The owner pays for the insurance of the building and the mortgage, as well as the property tax. The cost of heating (gas) and electricity as well as the services of 1 cleaning lady 1 day per week is paid by the tenant.

The main occupants are temporary workers from Swotzerland Germany or France that rent out studio weekly. About half of them live half a year or more, the rest 4–6 weeks.

The apartments and 2 of the 17 studios were built in November 2017.

The rest were built in the early 2000s.

Loan

Mortgage of CHF 1.55 mn at 2.5%.

Tenants

Swiss company that at present is the owner and manager of the hotel.

Transaction costs

Makler commission 2% of the total purchase price + 0.6% of the mortgage and other debt funding raised.

3.5% notary and the title transfer fees.

The cost of ownership

The property tax — less than 0,5%, is paid to the commune where the building is located.

Building insurance (mandatory) — about CHF 10,000 per year.

Mortgage — c. 2.5% x CHF 1.55 mn + depreciation. Exact conditions will depend on the offer of the bank to the new owner.

Location

The city of Dornach has 6,600 inhabitants. It also has a regional hospital and is located 12 km from the city of Basel, with headquarters of global pharmaceutical companies such as Roche and Novartis, biotechnology cluster and logistics companies. Basel is also located at the border with Germany and France.

A few minutes walk from the apartment house is a bakery, supermarket shop, a farm shop, a bus stop and a train with direct access to Basel.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Solothurn (city).

All ads in the country: apartment buildings for sale in Switzerland.

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    Marina Filichkina,
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