In Chiasso, a municipality in Ticino famous for its proximity to the border and its convenience to services, we propose for sale a period villa duly renovated into a mixed commercial/residential building for income-generating investment.
The property is located in an excellent position, just a few steps from the city center, in the immediate vicinity of all services as well as the highway entrance.
The building, of modest size, consists of two residential units and three office apartments, all already rented out.
The return on the real estate investment stands at 4.7% per year net, with annual net income of CHF 61'900.-- after deducting expenses, a particularly interesting figure for this type of real estate operation.
The building is currently in perfect maintenance condition. Between 2017 and 2018, important improvement works were carried out, including the renovation of the facade, the renewal of the electrical and hydraulic systems, the installation of a new air conditioning system, and the insertion of an efficient heating system with serpentine.
Given its location in a R7I zone (a high-density residential area), it is possible to demolish the existing building if needed, creating a small seven-story condominium. In this sense, an initial draft has already been prepared for the project.
As mentioned, the units available in the property are currently fully rented out. Seeing this factor in relation to the excellent condition of the property, which allows avoiding annoying expenses, the fruit of the investment can be harvested immediately without operations to search for tenants or significant restoration works.
The heating is provided by autonomous gas systems, helped by beautiful wooden windows and insulating double glazing.
Another point to consider is the possibility of withdrawing the existing mortgage, with particularly interesting rates, valid until 2029.
Externally, several uncovered parking spaces and garages are available. For further information, please contact the office.
A RESIDENCE NOT TO BE MISSED!!