Rare Opportunity! Multi-family house with 9 apartments and restaurant & bar

Anyone looking for a property with 9 apartments and an established restaurant and bar operation will find a multi-family house with 963 m² of net living space spread over 5 floors at Elsässerstrasse 83 in Basel. Built in 1913, the property was renovated in 2017 and presents itself as a continuously maintained and gradually modernized property with a diversified tenant mix of residential and gastronomic uses.

• 9 apartments and established restaurant and bar operation
• Interesting, broadly-based income profile
• Convincing location, right in the neighborhood near Voltaplatz and St. Johann Park
• The property has been continuously maintained and gradually renewed
• Proven location with a diversified tenant mix of residential and gastronomic uses

The combination of residential and gastronomic use creates a versatile starting point with clear structure. A property with solid presence and balanced usage mix.

Gross rental yield ACTUAL: approximately 3.9% - already well let today

Gross rental yield TARGET: approximately 4.7% upon adjustment to market rent level

In 2017, a new gas central heating system was installed, as well as partial electrical and sanitary installations, and roof renovation was carried out. Additionally, the windows were replaced and the restaurant underwent a remodel.

Have we sparked your interest? Then we look forward to your non-binding inquiry!

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