We offer for Sale in the Centre of Lugano, Molino Nuovo, in an area of strong residential development, well served by various infrastructures, public transportation, schools, universities, etc.., a Building built in 1920 and split over four floors and one basement, that occupies almost the entire surface of the particle.
This object, to renovate, with approved project with planned elevator, is only 400 meters from the University (previewing a further expansion by 2'500 people in 2018), and a business plan was made that expects revenue of about CHF 159'000/year (slightly more than 5.3 percent of the total investment, including renewal).
The project aims to obtain three 1.5 rooms apartments per floor, with a total of 9 apartments with design for university students or workers. Each apartment will have a private cellar, laundry and on the ground floor a commercial space of approx. 55 sqm. This project provides a revenue of approx. CHF 158'000/year.
An other business plan was also projected for the creation of a high-level Bed and Breakfast, with profit margins higher than the previous option.
4 floors for a total of 407 sqm + 30 sqm cellars + 100 sqm deposit on the last floor (5°) with maximum height 1.80 metres.