An apartment house with 15 studios (built in 1991), 2 x 4 1/2 apartment (built in 2016) and one 2 1/2 apartment (built in 2016). 16 parking places, of which 10 in the garage.
This Apartmenthouse is managed by a professional company that is ready to enter into a 5-year agreemnt paying the owner CHF 225,000 (c. EUR 212,00) per year. Under such a buy-to-let scenario, the owner bears no extra costs apart from taxes. The by-to-let contract is not necessary and the Apartmenthouse can be managed by the owner himseld.
The typical mortgage in Switzerland for a commercial property is 60% of the estimated value of the object, the interest rate is between 1.2% and 3%, actual conditions depend on the business case of the new owner and his track record in managing similar businesses.
The Apatmenthouse can be acquired by a non-resident foreigner.
The Apartmenthouse is loated 10 km from Basel, a pharma and biotech cluster of Switzerland. In addition, the world-renowned exibitions such as Art Basel or Basel World are taking place there regularly. The vacancy in Basel is 0.27% which makes the Apartmenthouse an attractive long term investment.