Multi-family building with a mix of residential and commercial use, 1’234 m2 of usable space, spread over 2 floors, divided into 12 residential units on two separate staircases (4 units per floor) + 1 commercial unit, located in a mixed residential and commercial area in the municipality of Quinto, Leventina/Tre Valli district, just 10 minutes from Airolo and 35 minutes from Bellinzona.

The photos of the furnished spaces were created with artificial intelligence.

The building was constructed in 1970 and completely renovated in 2015 with a significant investment of around CHF 1.2 million, with important improvements made.
The facades were renovated with a 16 cm thick thermal insulation system, ensuring excellent energy efficiency. The interiors boast modern kitchens and bathrooms, laminated flooring and porcelain stoneware tiles, while the new heating system with geothermal heat pump and underfloor heating provides optimal comfort throughout the year.
Additionally, the building features PVC windows with triple glazing, a new electrical system, and new roof insulation.

The building is laid out as follows:
BASEMENT: stairs, laundry room, cellars, heating room, storage rooms, WC and changing rooms.
GROUND FLOOR: staircase entrance with three independent entrances.
FIRST FLOOR: entrance, 6 offices currently used as 1 administrative unit and potentially convertible into two additional apartments, and a mix of 3 apartments with 4.5 rooms and balcony, plus 1 apartment with 3.5 rooms and balcony.
SECOND FLOOR: the same configuration as the first floor, with the exception of the office area, which is located in the lower part of the building.

The building has 18 outdoor parking spaces.
It is located in a renowned area with many hiking and cycling trails and is ideal for short-term rentals/AirBnb during all seasons, with Airolo and Andermatt offering a multitude of opportunities for winter sports.

According to the official valuation in 2016, the values of the building were assessed as follows:
- Real value: CHF 3’569’475
- Income value: CHF 3’477’825
- Market value: CHF 3’480’000

The building is in good condition, but some apartments require renovation work, as does the courtyard of the property.

Measurements:
VE SIA 416 (building volume): 3’700 m3
VMF SIA d 0165 (rentable area): 1’162 m2
SP SIA 416 (floor area): 1’290 m2
SPE SIA 416 (external floor area): 89 m2
SN SIA 416 (net area): 1’073 m2
SF SIA 416 (land area): 1’186 m2
SUL: 1’234 m2

In terms of income, calculated on the basis of the 2022 seasonal rentals, it showed a gross yield of 5.58% and a net yield of 4.96%.

Finally, it is worth noting that the asbestos inspection report was negative, providing additional peace of mind for those looking to invest in this building.

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CL/6761