Mixed-use building for sale - 8570 Weinfelden

Description
Residential and commercial building, Amriswilerstrasse 5, 8570 Weinfelden with

5 apartments + small bistro + hairdresser + studio/office + guest apartment + leisure/meeting room + 2 garages (outdoor parking can be rented across the street)

Macro location
8570 Weinfelden is located in the district of Weinfelden, in the canton of Thurgau.

The population in the municipality of Weinfelden has changed by an average of +0.9% per year to 11,893 inhabitants over the last five years (as of December 31, 2022).

The tax burden is 11.1% (canton: 11.2%).

For the last five years, the municipality has an average annual residential construction activity of 0.5%, while the vacancy rate is currently 1.7% (as of June 1, 2023).

Real estate prices have changed by +21.9% over the last five years (canton: +24.3%).

Micro location
The property is located in a central location on a normally busy main road.

It benefits from good sunlight and short distances.

Approx. distances:
80 m to shopping (Migros)
120 m to the bus stop Weinfelden-Felsenstrasse
130 m to the school
150 m to the town center
450 m to the train station

5 km to the highway
60 km to Zurich

Public transport access, train station / good
Infrastructure / good
Residential location in the municipality / average
Distances to schools / good
Overall residential location / above average

Property / Surroundings
The elongated, rectangular plot is developed and flat.

House accesses, garages, and parking are via the south side. On the north side, the house (partially) borders directly on the adjacent rock.

The parcel is located in the 3-story village zone D3 with an overlapping hazard zone and zone for archaeological finds.

This zone does NOT impose a floor area ratio (FAR).

According to GIS, there are no contaminated sites and it is classified as valuable in terms of monument preservation in the GIS.

Construction
The main building in the middle has been extended by 1 story on the west and east sides.

The main part in the middle is a 5-story solid building with an expanded attic.
Facades plastered and vertical wooden cladding.
Basement, basement walls made of concrete and rock.
Gable roof with under-roof, insulated and expanded, covered with beaver tail tiles, copper plumbing work.
Covered terrace with flat roof.

The west extension is a 1-story solid building with an expanded attic.
Facades plastered.
Basement, basement walls made of concrete and rock.
Gable roof with under-roof, insulated and expanded, covered with interlocking tiles, copper plumbing work.
Covered terrace with flat roof.

The east extension is a 1-story solid building with an expanded connecting building and partially covered terrace.
Facades plastered and vertical wooden slats.
Basement, basement walls made of concrete and rock.
Shed roof with under-roof, insulated and expanded, covered with interlocking tiles, copper plumbing work.
Covered terrace with flat roof.

Expansion

• Wooden IV windows and wooden shutters
• Mostly tiled floors, partly laminate and concrete floor in the living area of the west extension.
• Walls plastered and wood.
• Ceilings white plaster, paneling, and wooden ceilings.
• Kitchens with resin and granite countertops and bathrooms of standard quality.
• Each apartment with washing machine/tumbler.
• Each apartment with balcony or terrace.

Technology

• Hot water and heating via oil heating, CTC Multi-Unit, 46 kW, older model.
• Steel tank, 10,000 l in the tank room.
• Heat distribution via radiators with room thermostats.
• Garages with electrically operated sectional doors.

Condition/Renovations
The building substance is in order and only minor construction defects have been identified.

The property has been extensively renovated inside to date and gives a lovingly renewed impression.

Room program
Basement
Guest apartment, lower part
Technical and tank room
Leisure room/office with internal access to the bistro

Ground floor
West part
2 large garages with internal connection
Cellar rooms for tenants
2 outdoor parking spaces
Upper part guest apartment, kitchen, and cellar access

Middle part
House entrance
Hairdresser's salon with laboratory and WC
Studio with bath/WC and kitchenette

East part
Bistro/wine bar with WC, kitchen, rock wine corner, and cellar access

1st floor
Staircase
Large 3 1/2-room apartment with 2 partially covered terraces (one over the west extension) and connecting building and partially covered terrace (over the east extension)

West extension
Attic apartment with partially covered terrace

2nd floor
3 1/2-room apartment with balcony

3rd floor
3 1/2-room apartment with balcony

4th floor + attic
4 1/2-room maisonette with upper, expanded living area and small balcony facing the north rock.

Numbers/Facts
Year of construction: 17 / 18 century
Parcel area: 426 m2

Net living area without cellar/garages: approx. 580 m2
Volume according to GVTG: 3,084 m3
Value GVTG: CHF 3,031,000

Possible rental income: CHF 132,000/year
Resulting gross yield in current condition: 5.28 %

Selling price: CHF 2,500,000
Transfer costs: Shared equally

Acquisition: by agreement.