Reference: Retirement Income From Holiday Rentals Close to Lake Garda
€ 1.950.000 negotiable
Condition: Completely restored/Habitable
Habitable surface: 800 m²
Energy efficiency class: B
Garden: 35 m²
Terrace: 35 m²
Verona VRN: 15 Km
Verona VBS: 33 Km
Parma PMF: 68 Km
Milano BGY: 87 Km
29/31/33 Via Magenta in the medieval hamlet of Valeggio Sul Mincio presents a unique opportunity to purchase up to 9 appartments - 6 x 1 bedroom and 3 x 2 bedroom apartments, all fully modernised to a very high standard and suitable for either long term or short term holiday rentals, giving the owner the opportunity to live in one apartment and derive a retirement income from up to another 8 apartments.
The poperties are located in the historic centre of Valeggio Sul Mincio in Via Magenta just off the beautiful and historic main square in the centre of the town, where weekly markets and monthly collector's fairs are routinely held. Valeggio also has the famous Parc Sigurta, the Scaligero medieval castle and the beautiful village of Borghetto on the River Mincio all close by within walking distance of the property. Lake Garda is very close by with the lakeside town of Peschiera Del Garda less than 10 Kilometres away and the historic cities of Verona and Mantova also a short drive away.
The development is already in progress with the first historic building fully converted internally to provide 1 x 1 bedroom apartment and 2 x 2 bedroom apartments. The apartments are also fully furnished and equipped for rentals and can now be found on AirBnB and Booking.Com under the description "Casa Magenta 1, 2 and 3" where they are now generating income. Construction work will begin in quarter 4 of 2019 on phase 2 to convert 31 Via Magenta into 4 x 1 bedroom apartments and the adjoing terrace area for the residents as well as basement storage areas of up to 12 square metres for each apartment.
The final Phase 3 of the development will commence early in 2020 and will comprise of off street parking and dedicated garage units located close by and complettion of the final building to give 1 x 1 bedroom apartment and 1 x 2 bedroom apartment. Purchase of the properties can be achieved in phases - i.e. Phase 1 - 750,000 Euros, Phase 2 750,000 Euros and Phase 3 450,000 Euros. Fully detailed floorplans and detailed information can be provided on request.