An apartment house with 15 studios (built in 1991), 2 x 4 1/2 apartment and one 2 1/2 apartment (to be completed in February 2017). There are 16 parking places, of which 10 in the garage. The state of all apartments is excellent and the building requires no work.
The format of Apartmenthouse means that there is no restaurant or reception. The guests are typically french o german who work in Switzerland and travel home for weekend. Also the place is popular with business and individual travellers. Te guests receive a package of weekly or monthly accomodation with once per week cleaning/changing of bed cloths and free intrnet. Th format is not suitable for groups of international tourists.
The 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 immedatey after take over.
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 will depend on the business case of the new owner, his track record in managing similar businesses and residency.
The Apatmenthouse can be acquired by a non-resident foreigner. Acquisionts does not give the new owner a right to settle down or work in Switzerland.
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.