Residential building for sale - 6965 Cadro, Via Redond 10

Interesting real estate investment opportunity:

In Cadro, a prestigious green and hilly district of the city of Lugano, we offer for sale a modern multi-family residential building generating income.

The building, built in 2005 and already registered in the land register (PPP), consists of 4 residential units (3 apartments with 2.5 rooms and 1 duplex apartment with 4.5 rooms with a private garden) and is characterized by a pleasant exposure to a quiet valley with a stream (the land in front is entirely wooded), which perfectly blends with the elegant setting of the village.

A short distance from the kindergartens, the Raiffeisen bank of the village and a few minutes from the Mercato Resega shopping center in Canobbio with, adjacent, the Vedeggio-Cassarate motorway entrance, the property boasts an enviable strategic location, offering a perfect balance between rural tranquility and urban convenience (the center of Lugano is directly reachable in 10 minutes).

The building, whose gross usable area is approximately 320 m², is internally composed as follows:

• Ground floor: on one side, on the ground floor there are the technical room, the cellar and the common laundry room, while on the other side is the sleeping area of the duplex apartment, with access to the comfortable private garden;
• First floor: on the 1st floor there is a 2.5-room apartment and the living area of the 4.5-room duplex with its entrance;
• Second floor: on the 2nd floor there are two other 2.5-room apartments;
• Third floor: on the third and top floor is the entrance to the building with the square and 6 uncovered parking spaces.

Currently, the property is partially occupied (2 units are rented). By renting the vacant units, with full occupancy of the building, a good profitability of 4% is estimated.

Interesting income-generating investment solution, potentially suitable also for the purpose of resale of individual apartments (since the property is already registered in the land register (PPP)).

Location: The exclusive district of Cadro, located near the Lugano-Nord motorway exit, is a hilltop village with a magnificent view overlooking the Gulf of Ceresio and its splendid surrounding mountains. It is a particularly sought-after and prestigious location within the municipality of Lugano for its central location but, at the same time, characterized by considerable tranquility and privacy thanks to the numerous green areas that shelter from the busiest roads.

Despite its totally immersive atmosphere in nature, Cadro has multiple infrastructures and services (schools, bank, pharmacy, town hall, restaurants, etc...) that fully meet the needs of its inhabitants, offering everything necessary for a comfortable life just 5 minutes from the Vedeggio-Cassarate motorway entrance and the Mercato Resega shopping center in Canobbio.

For enthusiasts, we point out the new Cadro-Davesco cycle-pedestrian path along the route of the old railway line, and the many walks in the beautiful paths of the Val Colla. Ideal place for those seeking an escape from the city chaos.