Details

55. Apartment house with nine apartments and amazing lake view

In an elevated position in Lugano-Paradiso at the foot of the Monte San Salvatore, we sell a small apartment house with flats for rent. The Palazzo was built in 2011 and comprises four 2-bedroom apartments with 90 sqm, with terraces, four 2-bedroom apartments with 130 sqm, with terraces,  and an attic apartment with about 230 sqm and a roof terrace with 160 sqm. The house has an underground garage with 18 parking spaces and four outdoor parking spaces.

Already mentioned in the 6th century as a market town, Lugano is today the cultural and economic capital of the Ticino, thanks to its favorable climate and attractive countryside, thanks to its function as a cultural bridge to Italy and the Middle East and thanks to its high concentration of banks and trading companies. Immediately to the south is the community of Paradiso. Today the two independent towns are combined into one: the promenade by the banks of Lake Lugano connects both villages without it being obvious where one finishes and the other begins.

Paradiso benefits from the narrowness in the town of Lugano in which there are hardly any more development possibilities and the comprehensive monument protection measures prevent any basic restructuring, whereas Paradiso town offers attractive business zones in its lower region near to the lake.

As the name already suggests, life is very pleasant in Paradiso that stretches from the banks of Lake Lugano up the hillside and from the apartments, villas and residences in higher locations offers a panoramic view of the lake and mountains. Paradiso is integrated in the public transport network of the town of Lugano, but one can walk along the promenade in only a few minutes, or take the romantic motor boat (first stop).

Paradiso is connected through the Lugano South entrance to the motorway Milan-Zurich and the main railway by Paradiso and Lugano stations. Also the Lugano-Agno airport is only a few minutes drive away. The primary school is located in town while the main American School TASIS and the Franklin University can be closely reached by car.

 

Object Description

The Palazzo is located above Paradiso with a stunning view of the Gulf of Lugano, the lake and the surrounding mountains. In the immediate vicinity is also the newly opened 5-star Design Hotel THE VIEW, restaurant, panoramic terrace and spa with indoor pool. The promenade with shops and restaurants are around 500 m away, the shopping zone of Lugano Via Nassa around 1,000 m, the access to the north-south highway 2 km.

The building consists of 9 apartments spread over 5 floors. From the first to the fourth floor are each a 90 sqm and a 130 sqm large two-bedroom apartment on one floor. The apartments on the first and second floor have terraces of 5 - 20 m², and one apartment a small garden. All other apartments have covered balconies overlooking the lake.

On the top and the fifth floor is the 230 sqm penthouse with 4 bedrooms, each with private bathroom and a roof terrace of 160sqm.

The Palazzo was built in a high building standard in 2011 and is in excellent condition. Each apartment has underfloor heating and air conditioning. The apartments are currently in rental.

The exceptional location with the orientation to the lake, close to the city of Lugano, the high construction standard makes this property an interesting investment.

Purchase price is CHF 17'500'000.- 

All details are based on information provided by the seller or commissioner and are believed to be correct to the best of our knowledge, however without guarantee. We will not be held liable for their accuracy. Offer is subject to interim sale and change in price.

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