INVESTMENT BUILDING - 2400 LE LOCLE
A solid asset in the heart of the watchmaking valley
Rare opportunity to acquire a UNESCO World Heritage building with character, built in 1905 and completely renovated over recent decades. Ideal for a private investor seeking a tangible property, immediate rental income and concrete appreciation potential.
**The Property in Numbers**
Asking price: CHF 3,200,000
Current rental income: CHF 156,480 per year
Current gross yield: 4.89%
Potential gross yield (full lease): 5.77%
Insurance value (building + garages): CHF 4,400,000+
**Leading Tenants from the Start**
Monthly income from established and recognized tenants: CHF 13,040
Immediate value potential: +CHF 28,000/year
Currently two levels are vacant and offer room for direct performance improvements:
- 2nd floor + converted attic
Once these spaces are leased:
- the gross yield would increase to 5.77% – CHF 185,000
**Development and Building Potential**
The 1,649 m² property offers significant development opportunities in a mixed-use zone beyond the existing building:
- New construction on the east side – on the site of the current garages – the land register and plot layout permit construction of a 250 m² building, 14 m high, for industrial or rental purposes with the option of an underground garage. Such a project represents an important lever for value creation for the investor in the medium term.
- Conversion of floor space into lofts – project plans already exist (outdated architectural variant) showing the creation of two lofts of ~68 m² in the attic (ceiling height 3.20 m, rafter height 1.80 m).
- External elevator – installation on the west side is possible, making all floors fully accessible and significantly increasing rental value.
**CAPEX**
- Roof and windows completely replaced in 2009
- Facades renovated in 2010
- Offices and sanitary facilities renovated in 2018
- Fire alarm system and surveillance cameras installed
**The Property**
- Plot area: 1,649 m² (plot number 3977, Le Locle)
- Total building area: ~1,590 m², distributed over 5 levels
- Zoning: Mixed-use zone (activities + residential)
- Classified as RACN category 2 – typical and picturesque building
- Replacement value (ECAP): CHF 4,165,589
*Contact us for further information.*
