The property is wholly let to COOP, Switzerland's second largest retailer (after Migros). The lease is for 15 years (expiring December 2019) and comprises a 4,000 sq meter supermarket, restaurant and fuel station. The site measures approximately 8,500 m2 and has 113 covered and 57 uncovered parking spaces. The building was constructed in 1996, is in a good state of repair and has been extremely well maintained. The property has excellent visibility from and is located adjacent to the Geneva Lausanne highway. The town of Vich is approximately 30km from Geneva.
As a result of excellent trading achieved by COOP at this branch, turn-over rent has kicked in thereby significantly increasing the rental income.
COOP is planning to increase the size of the floor space and plans are being considered to develop the neighbouring property which could increase the value of this property in the future.
The property comprises an out of town retail warehouse unit, let to COOP on a 20 year lease which expires in September 2021.
The retail area is approximately 5,000 m2 on a site of 2.6 acres. There are 145 parking spaces. The town of Brig, a large holiday and tourist area is situated in the Canton of Valais, a predominantly alpine region in South West Switzerland.