We’re back in Milan with a new BUY-TO-LET project in a new district of the capital of Lombardy, discover Merano!
Type of opportunity: Participative Loan Modality: BUY-TO-LET.
We offer you a new buy-to-let opportunity that consists in granting a loan to a project developer for the purchase of an apartment in Milan in Viale Monza.
Just a few steps from the property, the first and most well-known coworking network in Europe, the Talent Garden Merano, a design space of more than 1500m2 where innovative companies and digital professionals are based.
Renamed NoLo (acronym of North Loreto) the district follows the style of the New York neighborhoods of Soho and Noho with a catchy and trendy brand that attracts the attention of gallery owners, architects' studios, and new cultural centers alike thanks to new and consolidated points such as the Beltrade Cinema and the Trotter Park.
The area is well connected by public transport, and there are supermarkets, pharmacies, schools, and restaurants in the area.
Viale Monza 117 is the exact address of the property, an apartment already located in a strategic position close to the underground line Rovereto which is only four stops from Porta Venezia and two stops from the main hub of Piazzale Loreto. The Central station can be reached in just under 20 minutes on foot from Viale Monza.
The 85m2 apartment is on the second floor and has the following distribution:
There will be renovations made to the apartment starting in August when the tenants will be absent for the summer holidays, so as to start receiving returns immediately and postpone the renovations of a few months.
In addition to the decoration of the apartment, an air conditioning system will be installed and the bathroom will be modernized.
The project developer will be responsible for carrying out all the activities necessary to make the sale, perform the renovation and decoration, as well as formalize the lease. In addition to these activities, he will also be responsible for all routine activities throughout the duration of the project.
According to UDA data, the property was purchased below the market price, with a 25% difference compared to the average price in the neighborhood of reference.
Why invest in Merano?
Do not miss this buy-to-let opportunity in the center of Milan!
* The expressed return is an estimate, there is a risk of total or partial loss of the invested capital as well as the risk of not obtaining the expected economic return and illiquidity for the recovery of capital.
Housers is a platform that facilitates access to equity loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should only be done as part of a diversified portfolio. Your capital is at risk..
SHARE PRICE: average Price of the shares or titles selected.
MARKET VALUE: Value of the title or share at market price.
March 20, 2018
April 24, 2018