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Small multi-family house ready for refreshing
- Village Zürich
- Object type Interest and yield property
Location
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[objekttitel] => Small multi-family house ready for refreshing
[objektbeschreibung] => Dating from 1939, this shared occupancy building comprising three units is a delightful gem benefitting from a secluded position in a tranquil neighborhood bordering Wiedikon in Zone 9, right next to the café Hubertus.
Views from the upper floors extend as far as the Uetliberg, the larger balconies face south, the property basks in full sun from 10.00 a.m., and the small garden is a pretty oasis to unwind in. The roof was renovated in 2015 and the façade repainted at the same time, giving the building considerable appeal.
In order to keep the rents low, the tenants have maintained "their" homes while the vendors have undertaken any major repairs; nevertheless, some remedial work will be required. In the meantime, thanks to the underutilized development capacity, planning regulations will now permit extension of the living space by the addition of an extra floor or construction of a newbuild on the site.
Accordingly, the rare opportunity presents itself to modernize the property with the option to occupy the units oneself, rent them out, or to sell them off in a joint freehold arrangement.
The various possibilities are set out in the feasibility study, which we are happy to provide to serious purchasers on a no obligations basis via our data room.
The property:
• Enchanting residential building with three units and a captivating garden
• In a quiet neighborhood close to the center on a one-way street in the 30kph zone
• Requires renovation
• Unutilized development capacity; no protected building status
• Possibility to extend the living space or to construct a newbuild; feasibility study available
• Plot extends to 387m²
• Approx. 213m² of living space
• Approx. 60m² of ancillary space
• Approx. 16m² of balcony space
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[created_at] => 2023-05-04 10:54:44
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