In LUGANO, in the Cortivallo district, we sell 2.5-room APARTMENT of 64 sqm commercial surface (61 sqm + 50% balcony of 5.5 sqm), in a very quiet and sunny area close to the main services, motorway access, etc. and approx. 5 minutes by car or bus from the center of Lugano. Also purchasable as SECONDARY RESIDENCE and in the case of PRIMARY RESIDENCE also purchasable by RENT TO BUY formula with down payment of approx. 5 %. The apartment is in good condition and could possibly be modernized to bring it to current standards. It is located on the 3rd floor of a building in an excellent position, dating back to the mid-60s and in a good state of maintenance. The spaces are divided as follows: entrance hall-corridor, living-dining room with balcony, separate kitchen, bedroom, bathroom.
Private cellar (d). Possible possibility of renting a internal parking space at Chf 150/monthly and / or uncovered parking space at Chf 100/monthly. The apartment is currently rented for Chf 1’450.- (including Chf 200.- of expenses). Monthly condominium expenses including renovation fund: approx. Chf 260.- Excellent income investment. Interesting mortgage rate of the existing mortgage that can be taken over.