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Attractive portfolio property for sale in Dietikon offering great value for money
- Village Dietikon
- Object type Interest and yield property
Location
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[objekttitel] => Attractive portfolio property for sale in Dietikon offering great value for money
[objektbeschreibung] => The property is a carefully maintained jewel of a building dating from 1899, known locally as the Oberstadt bakery. The bakery is a long-standing tenant occupying the basement, ground floor and part of the 1st floor areas, where the bread-baking kitchen, store, changing room, additional kitchen, and the modern retail space is housed.
Above this are three more flats, all rented out: a 1.5-room unit with terrace on the 1st floor, a 3-rooom unit above that, and a charming 2-room unit on the mansard floor with the attic. The two parking spaces in front of the building are allocated to the bakery for visitors’ parking.
The property was renovated from 2013 to 2020 and has been maintained at regular intervals: the apartments have had new kitchens, bathrooms and windows, the gas central heating system has been replaced, and the main staircase has been refreshed. These attractive units are of a qualitative and aesthetic standard that meet today’s demands and, as such, will always find tenants. Under sound management, vacant periods will not be an issue.
The advantages for a private or institutional investor are obvious: with very little effort, and no major renovation work required for the foreseeable future, this property will continue to generate net rental income of around CHF 120,000 a year assuming current rental contracts are retained, thereby representing a respectable gross yield on investment.
• Investment property with 3 apartments and 1 commercial unit (bakery with bread-making kitchen and storage area)
• Offered in good condition with no need for renovation
• Fully let with reliable tenants
• Occupied portion of plot: 211m2
• 2 outside parking spaces
• Attractive capital investment offering solid returns over the long-term
• In a good location in very well-established Dietikon
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[created_at] => 2021-02-11 13:51:18
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