This modern commercial center of 1 080 m2 consists of fully equipped retail spaces. The property is well-appointed, and provides excellent advantages to its occupiers.
With excellent transport accessibility, the building is strategically located in the center of a large commercial area, in one of the most dynamically growing areas of Locarno.
Locarno is an ideal destination for doing business due to the quality of the guest services, the transport infrastructure and close proximity of the Lugano airport and the International Airport of Milan-Malpensa. Only a 30 minutes drive from Locarno is located the popular Italian-Swiss city ofLugano, which has established itself worldwide as a leading international banking centre, ranking third after Zurich and Geneva in Switzerland.
The investment object is in excellent condition, and the exterior and interior of the building are made of materials of the upmost quality. The buildingincludes 3 floors with commercial spaces and has a parking for 24 cars + 16 leased parking places.
The commercial spaces are currently rented by 3 permanent tenants, which have been located there for many years. The tenants are local Swiss companies, such as: • The Auto Center "Opel" • The Coffee-bar • The shop The long-term rent agreements are signed till 2018-2019 years with an option of prolongation for the next 5 years.
A prime location in the center of thecommercial area inLocarno, the solidtenants with the long-term rent agreements would ensure a high potential for this investment object.
Surface of the building – 1 080 m2 Number of parking spaces – 24 Price - 2 800 000 CHF Rentability - 6,4 % Return on invested capital (60% loan) –16 % Financing Personal contribution - from 40 % Mortgage - up to 60% Repayment terms -20 years Interest rate – 2,1-2,8 % p.a.