Residential building for sale - 9464 Rüthi (Rheintal), Büchelstrasse 16

Multi-family house with potential

Property Description

The multi-family house for sale with a total of 10 residential units is located in a central location in the political municipality of Rüthi. The property is situated in a child-friendly quiet area, accessed via a neighborhood street. The multi-family house was built in 1991 and is in a well-maintained condition. Only the facade and balcony railings as well as 4 kitchens and bathrooms are in need of replacement in the short to medium term. The rental units offer a mixed layout concept. All apartments have a balcony or garden seating area with sun blinds. One apartment on the ground floor is used as a dental practice. The underground garage with 8 parking spaces provides direct access to the basement. There are also nine outdoor parking spaces.

A special feature of this property is that all rental units are already registered as condominium ownership in the land register.

Location

The municipality of Rüthi, with around 2,600 inhabitants, is located in the St. Gallen Rhine Valley, idyllically at the foot of the Hoher Kasten. The location offers a high recreational value due to numerous local recreation areas as well as excellent infrastructure, which makes this place very attractive.

The location of the property at Büchelstrasse 16 is very good, as within a radius of 350 - 650 meters are the kindergarten/schools, as well as various shopping opportunities and public transport is conveniently reachable in 5 minutes on foot.

Property Data

• Address: Büchelstrasse 16, 9464 Rüthi SG
• Parcel No.: 149
• Building volume: 3,658 m³ with a current new value according to GVA St. Gallen of over CHF 2,325,800.00
• Year of construction: 1991
• Official market value according to the estimate from 02.05.2023 for all residential units total CHF 2,315,000.00
• Room program: Basement/Ground floor/1st + 2nd floor/Attic
• Surroundings: 9 outdoor parking spaces
• Number of residential units: 8 (all with balcony or garden seating area)
• Total number of parking spaces inside 8/outside 9
• Condominium units: Already registered in the land register
• Reservations, easements, and encumbrances: none
• Notes and land charges: see land register extract
• Heating system: Oil heating
• Condition: good, continuously maintained and renovated

Apartment Units

3x 4-room apartments
3x 3-room apartments
1x 3-room attic apartment
1x 2-room attic apartment

Parking Spaces

8x underground parking space
8x outdoor parking space
1x visitor parking space

Income Data

• Monthly net rental income: CHF 10,095.00
• Annual net rental income: CHF 121,140.00 according to the rental mirror as of 01.07.2025
• The stated net rents are based on the current reference interest rate of 1.5% combined with partially different stated rental reserves
• Vacancy: none

Key Data Rental Contracts

• Standard rental contracts SVIT or newer rental contracts based on "self-creation"
• The heating and ancillary costs are to be fully paid by the tenants
• Monthly advance payments with an annual settlement
• The notice periods are 4 months with the following termination dates at the end of March/June/September
• The rental contract for the commercially used condominium unit (dentist) can be terminated for the first time on December 31, 2029.

Investment Considerations

This property offers an excellent opportunity for a sustainable real estate investment with low risk as well as an attractive investment potential with high yield security and long-term stability due to the following key data:

• Long-term, satisfied tenants
• No vacancies, stable rental income
• Good apartment mix with marketable floor plans
• Good rental potential due to attractive location in a quiet residential area
• Short distances to important infrastructures such as train station, schools, shopping opportunities, etc. (School, shopping, public transport 5 – 10 min on foot)
• Already registered divided condominium ownership provides flexibility for future use and the possibility for individual sale in divided condominium ownership

Building Envelope / Heating / Expansion & Technology

• Facade with external insulation
• Gable roof
• Oil heating with 8 plastic tanks of 2,000 liters each. A connection contract for a possible district heating supply with the Rüthi heat network is already in place.
• Heat distribution via the underfloor heating system
• Kitchens and bathrooms from the year of construction (except for 3 apartments, which were completely replaced during tenant changes in the years 2021-2023)
• Laundry room and cellar in the basement

Investments last 10 years

• Velux roof window replacement (2015)
• Burner replacement (2019)
• Tar surface renovation (2020)
• Kitchen and bathroom replacement as well as painting work (ground floor right 2021)
• Kitchen and bathroom replacement including laminate flooring and painting work (2nd floor right 2022)
• Kitchen and bathroom replacement as well as painting work (attic left 2023)

Sales Process

The property will be sold in a two-stage sales process. The ownership reserves the right to supplement, change or terminate the sales process presented here at any time without justification.

Phase 1

Interested parties will be provided with the sales documentation. In the first phase, no guided tours will take place. The property can be viewed from the outside, with the request not to enter in order to respect the privacy of the tenants. Interested parties are invited to submit a non-binding purchase offer based on this sales documentation by August 31, 2025, 12:00 PM. The offer is not binding for either party.

Phase 2

In the second phase, selected interested parties will be invited to a thorough examination (Due Diligence) of the property for sale. The property can be individually viewed by appointment. At the end of phase 2, interested parties must submit a binding purchase offer with proof of financing by September 30, 2025, 12:00 PM. The property will be sold to the highest bidder.

The minimum sale price is CHF 2,800,000.00.