Detached house for sale in San Gregorio di Catania

Property for sale in San Gregorio on Via Roma – Income-generating commercial space and apartment – Yield 8.57% On Via Roma, in San Gregorio, we offer for sale an attractive entire building consisting of a rented commercial space and a large residential unit above. This property is a particularly attractive option for those seeking a real estate investment with immediate profitability and further potential for growth. AN INVESTMENT THAT ALREADY PRODUCES INCOME The ground floor, approximately 166 square meters of floor space, is occupied by a well-known restaurant, a business already established and present in the building. The property also includes a characteristic courtyard, arranged like a small square with a central tree, which gives the building a unique atmosphere and serves as a connecting space and passageway. The premises are currently leased with a 6+6 year contract, at a rent of: €2,500 per month – €30,000 per year Comparing the annual rent to the selling price of €350,000, the property offers a gross annual yield of approximately 8.57%, considering only the rent for the commercial premises. A particularly significant element for those evaluating the purchase with a view to an income investment. UPSTAIRS, FURTHER POTENTIAL The property also includes a large residential unit consisting of: First floor: approximately 139 m2, height 3.00 m Entrance, Living room, Double bedroom, Master bedroom, Kitchen, Bathroom and Terrace Second floor: utility room and terrace of approximately 50 m2, height 2.70 m The apartment is in need of renovation, thus representing a second valuable component of the transaction: the spaces can be redesigned and enhanced through renovation work, with the possibility of subsequently converting the property into residential or rental property, subject to compliance with the necessary regulations and permits. At the moment there are two bedrooms, 1 bathroom, 1 closet and a large terrace. WHY CONSIDER THIS PROPOSAL The property combines two distinct elements: ON THE ONE HAND, an existing and rented commercial activity, which generates €30,000 in annual rent. ON THE OTHER, a large residential area in need of renovation, which offers potential for value and allows for medium- to long-term investment. All at an asking price of €350,000. MAIN DATA Price: €350,000 Commercial space: approximately 166 m2 Rent: €2,500/month Annual fee: €30,000 Contract: 6+6 years Gross return on price: 8.57% Apartment: approximately 139 m2 Terrace: approximately 50 m2 Apartment conditions: to be renovated A property designed for those seeking not just a property, but an investment with an already active income component and a second portion yet to be developed. Contact us for more information, to view the rental documentation and to arrange a viewing.