Department store in Mendrisio

We are offering for sale a commercial building located in a strategic position in the center of Mendrisio, just a few meters from the main shopping centers, including FoxTown, and in the immediate vicinity of the highway exit.

Characteristics of the property

The property has a floor area of 449 m² and a gross usable area of 1,338 m², distributed over six above-ground floors of approximately 223 m² each and two underground floors, with cellars, storage rooms, warehouse, laundry room, technical room and other service rooms. On the ground floor, there are also several parking spaces available.

The building was completely renovated in 2017 and offers spaces suitable for various commercial and professional activities.

Investment and yield

The property is fully rented with long-term contracts and generates a net annual income of CHF 185,250.–, corresponding to a yield of 4.75% on the total investment.

A capital contribution of CHF 1,140,000.– is planned for the purchase, considering an active mortgage of CHF 2,760,000.– with an interest rate of 1.53% until 25.09.2028.

Net of the annual mortgage cost, which is CHF 42,228.– until the same date, the yield on the invested equity capital is 12.5%.

An investment opportunity

An interesting solution for investors looking for a already rented commercial building with consolidated income, long-term contracts and a strategic location in the heart of Mendrisio.