This property doesn't exist anymore
Residential building
Opposite Renens station
VPI Courtage is proposing the conversion of a perfectly located building to create 52 studio apartments, 1 two-bedroom apartment, 7 indoor and 7 outdoor parking spaces and 33 bicycle parking spaces, with annually renewable leases. The plot is ideally located just 50 meters from the Renens train station in western Lausanne. The station is considered the third-largest in French-speaking Switzerland and benefits from excellent public transport links, which will be further enhanced by the future arrival of tramway 1. Numerous amenities are also available nearby, including supermarkets (COOP, Migros), fast-food restaurants, etc.
This project takes into account the shortage of student accommodation, particularly for institutions such as ECAL, EPFL and other specialized training establishments in the vicinity, which are quickly accessible thanks to nearby public transport. What's more, the planned urban development of the municipality from 2028 onwards will enable the property to be further densified to around 88 units after heightening.
The total leasable area is 1049 m2, of which 595 m2 is blocked as Logements d'Utilité Publique (LUP) for 10 years at 341.-/m2/year.
This project offers a net yield of between 3.5 and 4% once completed, with a projection of 5 to 6% over the next 10 years once the LUPs are completed (not counting the additional 88 units). The advantage of studio apartments is the frequency with which tenants change, which means that rents can be updated with each departure.
Price: CHF 7,500,000
Estimated construction cost: between 5 and 6 million
Estimated rental income including LUP: CHF 493,452
Please do not hesitate to contact us if you would like to receive the complete file or if you have any questions. We look forward to hearing from you.