Commercial building for sale - 1227 Carouge GE

The commercial space (for sale)
The commercial space measures 277.8m2 ppe and has a net rental area of 224.36m2. The West facade is completely unobstructed and benefits from very good natural lighting.

The floor of the arcade is covered with floating wood laminate. False ceilings cover the area, with integrated lighting fixtures. The area is heated using radiators. The space is partitioned into several areas, designated for medical consultation.

Operation
The rental status as of October 31, 2024, was CHF 117,612.-/, CHF 9,801.-/month, and CHF 524.21/m2/year.

In addition to the rent, the current tenant pays charges of CHF 10,140.-/year, CHF 845.-/month, and CHF 45.20/m2/year. These include heating, water, and ancillary costs.

The lease started in January 2012, and the medical office has an established activity.

The gross yield is 3.92% and the net yield is 3.62%.

The building (Condominium)
An old industrial mill built in 1899 by the miller Jules Sylvant, the building is characterized by a two-level base whose corners and frames alternate between red bricks and white stones.

In 1998, the building was transformed as part of a Neighborhood Location Plan (PLQ) into a residential building.

The entire property, which is divided into condominiums, is designated for housing and "commercial" activities in the tertiary sector. According to the distribution document dated 2018, four of the ppe lots out of 8 lots have a commercial designation.

The condominium is in very good maintenance condition, with the renovation fund as of 31.12.23 being CHF 118,419.-