Vieux Carouge, Carouge GE, Geneva 1227

Built in the eighteenth century by order of the King of Sardinia to compete with Geneva, the city of Carouge is today a charming city where life is good and offers a multitude of modern, efficient and accessible services for all. This small historic town captivates with its Mediterranean charm and is known for its special architecture, picturesque squares and streets lined with shops and restaurants. Today, this part of the city of Geneva is considered one of the most popular and trendy districts of the Canton. This building located in a street that benefits from a prime location since this street has been redesigned without cars, offering a new way of experiencing the city tinged with a festive and friendly spirit specific to the Carouge. With more pleasant access from Rue du Pont-Neuf, it rebalances mobility in the city centre by promoting soft mobility. It also provides a response to climate challenges thanks to a lightened floor covering that reduces the absorption of solar radiation and noise. The building, built in 1840, is located in the immediate vicinity of public transportation and all usual amenities (e.g., shops, schools, elementary and secondary schools, banks, restaurants, etc.). Its gross rate of return is 3.75%, while its net yield is 3.55%. The property consists of a basement with cellars and storage rooms, a ground floor with two commercial arcades and 3 floors with housing.