Apartment Of 60 M² With Balcony In Via Formide 76

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Investment Potential in Borgata, Siracusa

Here’s an interesting property located in the Borgata area of Siracusa, offering a unique setup for those looking at investment opportunities. This property is part of a two-story building and is situated on the ground floor. It comes with a total cadastral area of 74 square meters, with a commercial area of 65 square meters. The property is divided into two distinct, independent units, which presents a lot of flexibility for potential owners.

Location and Building Structure

The building itself is a two-story structure, and this unit occupies the ground floor. A notable feature of this property is its dual access points. One entrance provides direct access from the street, offering complete independence for the unit it serves. The second entrance is accessed through the building’s shared courtyard, linking to the other unit. This separation of entrances is a key aspect of the property’s dual-income potential.

The Two Independent Units

The property is essentially two separate living spaces within one cadastral title. In total, it comprises three rooms, one bedroom, and two bathrooms. It is being sold fully furnished, and it’s described as being in excellent condition, matching the visual representation in the provided images. Let’s break down each unit:

Unit 1: The Studio Apartment

This first unit measures 26 square meters and has its own independent entrance directly from the street. It’s an open-plan space designed to efficiently use its area. It includes a kitchenette, an area designated for sleeping with a bed, and an en-suite bathroom equipped with a shower. This setup is well-suited for a single individual looking for a place to live or as a rental unit that can cater to short-term stays, given its compact and functional design.

Unit 2: The One-Bedroom Loft

The second unit is larger, covering 39 square meters, and accessed via the courtyard. This unit features a kitchen-living room area that includes an exposed kitchen, meaning it’s integrated into the main living space. There is a double bedroom, and additionally, a loft area that also accommodates a bed, providing flexible sleeping arrangements. The bathroom in this unit comes with a shower and a high window, allowing for natural light. This unit is suitable for couples or could serve as a second rental unit, possibly offering more space than a typical studio.

Investment Considerations

The primary appeal of this property lies in its dual-income capacity. By having two entirely separate units, it’s possible to rent them out independently. This strategy can often yield a higher total rental income compared to a single, larger property. It opens up possibilities for a mixed rental strategy, such as offering one unit for long-term rental while the other is utilized for short-term bookings, like those found on platforms for holiday lets. The Borgata area itself is mentioned as being well-connected within Siracusa and is a location that attracts a demographic including students, individuals working in the area, and tourists who might be looking for more value-oriented accommodation options compared to the potentially higher prices found in the more central Ortigia district.

Another advantage for potential investors is that the property is offered as a turnkey solution. It comes fully furnished and is described as being in excellent condition, meaning there are no immediate costs associated with renovations or the purchase of furniture. This allows for the property to be put to use for generating income almost immediately upon acquisition. The flexibility of the layout is also a point worth noting; it could be utilized as a single, larger living space if desired, or the dual-unit configuration can be maintained to maximize rental revenue streams.

Acquisition Details

The asking price for this property is €95,000. This is presented as an accessible entry point for individuals looking to invest in the Siracusa real estate market. Information regarding rental yield estimates and detailed floor plans are available upon inquiry.