To the Apple Tree - historic old town property with development potential
Characterful residential and commercial building
To the Apple Tree is a characterful residential and commercial building with four residential units and a retail space on the ground floor. The historic building fabric and preserved architectural details - including stucco work and facade inscriptions - shape the independent appearance and give the property a special identity.
The combination of historic architecture, central location, and balanced usage mix sets the building apart from conventional rental properties. At the same time, the property has additional rental and development potential that can be gradually developed by a new owner.
Centrally located in the Schaffhausen old town
The property is located in a very good and central location within the historically grown old town of Schaffhausen. The old town forms the central supply and service center of the city and combines living, working, shopping, and leisure on short distances. At the same time, the nearby Rhine and the surrounding recreational areas contribute to a high quality of stay and life.
Five rental units on approximately 240 m²
The residential and commercial building has a total usable area of approximately 240 m² and comprises five rental units. On the ground floor, there is a retail space with an area of almost 30 m². The above floors accommodate three compact 2-room apartments with approximately 44 m² each. On the top floor, there is a spacious 3.5-room maisonette apartment with approximately 82 m² and a covered loggia.
In particular, the compact apartment sizes correspond to a sought-after segment of the urban rental market and offer good prerequisites for sustainable rentability in combination with the central old town location. The associated broad tenant potential helps to limit the risk of longer vacancies.
With four residential units and one commercial unit, the property has a clear and balanced usage structure. The manageable number of rental units also enables good controllability of the management.
Interesting rental and yield potential
The existing rents are partially significantly below the sustainably achievable market level today. This results in a plausible and gradually realizable rental potential. Currently, the property generates a net rental income of approximately CHF 51,540.- per year. The sustainably achievable yield level is estimated at around CHF 67,000.- per year. This opens up the opportunity for a new owner to specifically further develop the property's yield over a short to medium-term period.
Solid foundation with development opportunities
The historic property has a solid foundation and is overall in a condition corresponding to its age. The kitchens and wet cells are largely properly maintained and functional. The floor coverings consist predominantly of parquet and are mostly in good condition. No immediate need for renovation can be derived from the described condition of these areas. In the context of long-term substance maintenance, age-related maintenance and possibly punctual renovation measures are to be considered. Their scope and timing are based on the actual condition of the individual components.
In particular, when tenants change, there is the opportunity to modernize individual units in a targeted manner if necessary and to develop them further in a timely manner. This allows the long-term preservation of value and the care of the historic building fabric to be combined with a needs-based further development of the rental areas.
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