Residential building for sale - 6600 Locarno

Residential building built in 1950 and raised in 2005, oriented to the south, located on a plot of 470 sqm. The building is divided into 3 levels for a total area of 316 sqm and includes 2 currently rented apartments and 1 commercial space.
The property is located in Locarno-Monti, one of the most prestigious and sought-after areas of Locarno, in a central, quiet, and sunny neighborhood, a short distance from Piazza Grande and the old town, offering easy access to all major services.
This building is a real opportunity not to be missed for real estate investors or for those looking for a great secure return.

Details of the internal spaces:
Ground floor (approx. 78 m²): Commercial space with independent entrance, restroom, technical room, cellar, and laundry.
Note: the space needs improvement work.
1st floor (approx. 121 m²): 4.5-room apartment with fireplace, a bathroom with shower, and guest restroom.
2nd floor attic (approx. 117 sqm): large loft-style apartment of 2.5 rooms equipped with air conditioning.

Current rental values:
• Commercial space (ground floor): CHF 16,800/annually + expenses
• 4.5-room apartment (first floor): CHF 19,200/annually + expenses CHF 1,800/annually
• 2.5-room apartment (second floor): CHF 14,400/annually + expenses CHF 1,800/annually
• 5 external parking spaces: CHF 6,000/annually
Total income: CHF 56,400 annually, with a yield of 4.73%.

Technical features:
• Oil heating system with radiators (ground floor and first floor) and underfloor heating (second floor).
• Solar panels for energy efficiency.
• PVC windows with double glazing (single on the ground floor).
• Manual shutters.
• Tiled and parquet floors.
• Security doors.

Possibility of secondary residence:
35% of the gross living area (approx. 126 m²) can be allocated to secondary residence, offering further usage possibilities for one of the two apartments.

An appraisal prepared by APF-HEV Ticino (January 30, 2023) attributes a market value to the property of CHF 1,460,000.

An opportunity not to be missed for investors looking for a secure return or for those wishing for a property in one of the most renowned locations in Ticino.

The property has, as mentioned, 5 external parking spaces included in the sale price.
CL/7035