Chiasso

Rif. 12271

Income-generating property in the heart of Chiasso, comprising 19 residential and commercial units, strategically located a short walk from the station, the Italian border and all major amenities. The property combines immediate income stability with significant potential for value enhancement, thanks to underutilised units, below-market rents and the possibility of internal conversion. General information • Type: residential + commercial income property • Total units: 19 - 14 apartments - 5 commercial units/warehouses - 3 outdoor parking spaces • Main renovation: 1992 (complete renovation) • Additional work: summer 2024 (facade, balconies, roof, 4 apartments renovated) Surface areas • Land area: 781 m² • Leasable area: 1,877 m² • Distributed over 4 floors Legal and technical status Area: core area Restrictions • NOT subject to historical restrictions • Not listed in the contaminated sites register State of repair: good general condition, no urgent work required Structure: mixed masonry (concrete and stone) Heating: oil, system in excellent condition Windows: double-glazed wood (some triple-glazed PVC) Profitability Current situation (IST) • Annual revenue: CHF 211,440 • IST yield: 4.32% • 3 units currently vacant Full occupancy situation (current SOLL) • Annual revenue: CHF 261,240 • Expected return: 5.33% Valuation scenario (with investment) • Estimated investment: CHF 460,000 N.B. Conversion of large unit (former 8-room office) into approx. 4 flats • Potential revenue: CHF 290,400 / year • Expected return: 5.42% Financial projection (bank leverage) • Estimated equity: 30% • Return on equity: ˜ 8% • Positive cash flow even after depreciation and interest