Mixed-Use Building in Carouge GE

Located in the heart of Old Carouge, this small 20th-century building benefits from the charm of the old while enjoying the advantages of a neighborhood renowned for its convivial atmosphere, character, and characteristic architecture.

In immediate proximity to shops, restaurants, schools, and public transportation, the location offers a very attractive living environment as well as quick access to the city center of Geneva.

The building consists of a commercial arcade on the ground floor with an area of 89.50 m2, complemented by a storage room in the basement of 107.30 m2.

The upper floors accommodate a 5-room duplex apartment on the 1st floor and in the attic, offering an area of 179.1 m2, enhanced by a 3 m2 balcony.

The commercial arcade:

• A sales area on the ground floor of 89.50 m2;
• A storage room in the basement of 107.30 m2;
• Three toilets.

The apartment:

1st floor (90.40 m2)

• An entrance hall;
• A kitchen;
• A large bedroom with built-in closets giving access to a 3 m2 balcony;
• Two bedrooms, one with built-in closets;
• A bathroom (bathtub, sink, toilet).

Attic (88.70 m2)

• A living area including a living room and dining room;
• A shower room (sink, shower, toilet).

Additional notes:

• The building is heated with gas and has radiators;
• The building's facade was refreshed in 2019;
• The apartment has double glazing and a completely renovated kitchen;
• The average of the building's Heat Consumption Index (IDC) over 3 years (2020-2022) is 184, reflecting controlled energy consumption.
• According to the architectural survey of the building, it is considered to be of interesting value.

Old Carouge is a protected area due to its historical and urbanistic character.

The building is classified in category B and contributes to the local heritage and identity of the neighborhood.

Fully rented, the building currently offers a gross return of around 3.3%, with a rental income of CHF 101'220.-.

Thanks to its central location and high demand in the sector, this property represents an attractive opportunity for an investor looking for a long-term investment.

Visit it without delay!