under negotiation

Total investment

3600000
Total investment
Transition costs are not included
.

Profitability

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Potential Profitability*
*Range of profitability depends on the results of operating management in case of Management Contract.
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4,3%
Guaranteed Profitability
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+ 51%
Increase Value in the area in the last 5 years
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155.000 €
Gross Revenues
Type of use
Holiday
Business

The property's Pluses

Constant yield
Guaranteed rent
Low risk
Strategic location
Prestigious property
Nearby services
Nearby parks
Close to cafes and restaurants
Central area
Transportation in the vicinity
Cool zone
Location

Neighborhood life

CATHEDRAL | MISSORI

Area that represents the heart of the city, elegant and historic, characterized by prestigious buildings and proximity to monuments and points of interest such as the Church of San Satiro, the Museo del Novecento and Palazzo Reale. Its strategic location between the Duomo and Piazza Missori contributes to making it an area of strategic and presitgiosa choice for investors.

Apartment details

313
m2
10
Local
10
Rooms
12
Bathrooms

Exclusive Investment Opportunity in Via Mazzini 20, in a very central area, 400 m from the Duomo, Palazzo Reale and the Museo del Novecento. Excellently connected thanks to the proximity from the M3 Missori stop. In the unit there is an ongoing Boutique Hotel receptive activity, it presents excellent conditions from recent renovation, for systems/fixtures, and is located on the second floor of a historic building of the late nineteenth century. Consisting of a large hallway, kitchen, twelve bathrooms and ten bedrooms, the property is an excellent investment opportunity for area and features. A basement cellar completes the property.

Type
Apartment
Plan
2

Building details

total building floors
6
Year of construction or renovation
Type
Apartment

Energy Efficiency

HEATING
Centralized, heat-pumped
AIR CONDITIONER
Yes
ENERGY CERTIFICATION
D

Apartment status

For renovation
light restructuring
to be furnished
FURNISHED
turnkey
The property is completely renovated and is complete with all furnishings.
For renovation
light restructuring
to be furnished
FURNISHED
turnkey
The property is already furnished
For renovation
light restructuring
to be furnished
FURNISHED
turnkey
The property is ready to be furnished
For renovation
light restructuring
to be furnished
FURNISHED
turnkey
The property is in need of slight renovation
For renovation
light restructuring
to be furnished
FURNISHED
turnkey
The property is in need of redevelopment

Work details

Structural Work

Renovation aimed at maximizing interior space by making every corner of the apartment marketable and usable, divided into private and common areas.

Electrical Installations

The electrical system is made in a workmanlike manner according to current regulations with relevant certification, ensuring quality, safety and durability over time.

Plumbing systems

Plumbing is carried out in a workmanlike manner, according to current regulations, using materials and methods designed to optimize daily water consumption.

Heating systems

The heating system is underfloor, following innovative market trends and the latest technologies to ensure high thermal comfort ,with a focus on energy saving.

air conditioning systems

The apartment's air conditioning system is ducted to ensure high thermal comfort while minimizing visual impact, thus combining aesthetics with functionality.

Doors and windows

The interior doors are new, made of neutral colors and appropriate material to ensure excellent sound insulation, combining functionality with aesthetics.
The main door is of the armored type, to ensure maximum security.
The existing window frames have undergone a renovation, in line with the entire apartment, to increase the thermal comfort of tenants.

Insulation work

New interior plasterboard walls feature a layer of rock wool to improve thermal and acoustic performance. The perimeter walls have been insulated to thermally efficient the performance of the apartment, greatly abating consumption costs.

Flooring

Existing flooring was preserved following maintenance, cleaning, and/or adjustment where necessary, depending on the type of flooring (if parquet, laminated; if marble, plumbed and polished).

Finishes

The finishes were designed and executed to make the apartment homogeneous, uniform and cozy, carefully choosing materials based on quality and durability.

The lighting is specially designed to make the environment cozy and relaxing, with warm and soft light plays. Completing the lighting is the inclusion of designer light fixtures that contribute to the enhancement of the apartment.

Furniture details entered

Clean, essential lines characterize the living area, with neutral colors juxtaposed with vibrant touches of accessories that make the environment fresh and modern.
The living area consists of a TV corner that includes a sofa/armchair and low coffee table, and a small dining area.

The kitchen area consists of simple, practical and elegant solutions. The materials are designed to counter daily wear and tear. It consists of all necessary appliances (microwave oven, dishwasher) to meet all needs, assisting functionality and aesthetics.

Neat and tidy compositions characterize the sleeping area, creating an ideal environment for relaxation.
The sleeping area consists of a double bed and a closet suitable for storing all the tenant's personal belongings; the room also has a desk and a luggage rest paneling, as well as a television.

Floor-level flush toilets for cleanliness and chrome faucets make the bathroom a comfortable and functional environment. Neutral colors of tiles on walls and floor complete the environment.

Lease details

ready for rent
Rented
ready for rent
leased
Profitability
155.000 €
Gross revenues
Annual Potential Income
Guaranteed Annual Profitability
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4,3%
Guaranteed Profitability
Manager/Conductor
Safe and profitable real estate investment in total relaxation

Joivy's presence as a professional conductor or manager ensures:

  • a certain and secure income
  • zero risk of delinquency or turnover
  • An increase in the value of your investment over the years.

Type of contract

Contract
lease
With Joivy as a tenant you will have a certain and secure return over time. Low risk exposure and consistent returns make it a safe choice for investors.
Contract
of management
With Joivy as your manager, you will have an industry-leading partner by your side with whom you can aim to maximize revenues while sharing in the profits from operations. Potential profitability in this case will be variable and supported by effective marketing and market positioning strategies.
Deadline
‍contract.
2038

Economic Summary

Purchase Price*
3.600.000 €
Estimated work and furnishings
Annual Fee
155.000 €
Incidental Expenses
Deadline
2038
Gross Revenues
155.000 €
OTAs (Booking, Airbnb,...)
Operating expenses (including VAT)
Other Expenses (condominium, utilities,...)
Total
Net Operating Income
Net Yield (pre-tax)
Yield (pre-tax)
Annual return (pre-tax)
+ 4,3%

* Plus statutory charges, transaction and brokerage costs.

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