The Residentia Team is pleased to announce the purchase of a major mixed residential complex in Mendrisio.
The properties, two beautifully finished buildings internally connected by a car park for more than 90 cars, are strategically located in the centre of Mendrisio opposite the station. This area is set to see significant development in the next few years through the establishment of the faculty of architecture at SUPSI. The complex, which consists of 4 commercial, 9 residential and 8 office units, will generate an initial annual gross profit margin of almost 5%. The special feature of the property, in addition to the excellent location and the outstanding current profitability, is the availability for development of an additional building of over 1200 m2, the pre-approved building permit for which has just been renewed.
The Residentia Team is preparing for the immediate launch of the process for the construction of the third building in order to realise the property’s revenue potential by the end of 2018.