Renens railway station: building to renovate

Crissier
Building land • ref: 4724771
GBP 6,604,972
VPI Courtage offers you a project to transform a building perfectly located for the creation of 52 studios, 1 two-room apartment, 7 indoor parking spaces, 7 outdoor parking spaces and 33 bicycle spaces, with leases renewable annually. The plot is ideally located just a few metres from the Renens train station, in the west of Lausanne. This station is considered to be the third station in French-speaking Switzerland and benefits from excellent service thanks to the existing public transport networks, which will be further improved by the future arrival of tram 1. Many amenities are also available nearby, such as supermarkets (COOP, Migros), fast food restaurants, etc.

This project takes into consideration the shortage of student housing, especially for institutions such as ECAL, EPFL and other nearby specialized training institutions, which are quickly accessible by nearby public transport. In addition, the municipal urban development planned from 2028 will allow an additional densification of the object up to approximately 88 units after elevation.

The total leasable area is 1049 m2, of which 595 m2 is blocked as Public Utility Housing (LUP) for a period of 10 years at 341.-/m2/year

This project offers a net return of between 3.5% and 4% when completed, with a projection of 5% to 6% in the next 10 years once the LUPs are completed (not including the additional 88 units). The advantage of studios is that they change tenants frequently, which makes it possible to update rents with each departure.

Price: CHF 7,500,000
Estimated construction cost: between $5 million and $6 million
Estimated rental status incl. LUP: CHF 493,452

Do not hesitate to contact us if you would like to receive the complete file or if you have any questions. We are at your disposal.

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 a few 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 Logement d'Utility 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

Surfaces

Total1543 m²

Crissier

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