In the Borgata area of Siracusa, an interesting property presents itself for those looking to make a smart investment. This is not a single home but rather a setup with two distinct living units within a single building. The asking price is €95,000, and it offers a total cadastral area of 74 square meters, with a commercial area of 65 square meters. The unique aspect here is that it’s configured as two independent units, making it a compelling option for rental income.
This property is situated on the ground floor of a two-story building in Borgata. What makes its access notable is the presence of two separate entrances. One entrance provides direct access from the street, offering a sense of independence. The other entrance is shared and leads from the building’s courtyard. This dual access point is key to the property’s ability to function as two separate units.
The Property: Two Units Under One Roof
The total space, when considered together, comprises three rooms, one bedroom, and two bathrooms. It’s important to note that the property is being sold fully furnished, in a condition that matches the visual evidence provided. The setup is designed to allow for individual rental of each unit or for a single occupant to utilize the combined space.
Unit 1: The Studio Apartment
Measuring 26 square meters, this unit has its own independent entrance directly from the street. It’s an open-plan space. This area includes a kitchenette, a sleeping area with a bed, and an en-suite bathroom equipped with a shower. This configuration makes it suitable for a single person living there or for use as a short-term rental, catering to individuals or couples who need a compact, self-contained living space.
Unit 2: The One-Bedroom Loft
The second unit is larger, covering 39 square meters, and accessed from the building’s courtyard. This unit features a kitchen-living room area. The kitchen is exposed, meaning it’s integrated into the main living space. There’s a double bedroom, and additionally, a loft area is incorporated, which also contains a bed. A bathroom with a high window is also part of this unit. This layout is well-suited for couples or could serve as a second distinct rental unit, offering more living space than the studio.
Investment Rationale: Why This Property Stands Out
The primary appeal of this property lies in its dual-income potential. By having two independent units, it’s possible to rent them out separately. This strategy can often yield a higher overall rental income compared to renting out a single property with multiple bedrooms. It opens up possibilities for a mixed rental strategy, perhaps combining long-term rentals with short-term holiday lets. The demand in Borgata is another factor to consider. This is a well-connected residential area in Siracusa, attracting a diverse group of tenants, including students and professionals who work in the city. It’s also an attractive location for tourists seeking accommodation that offers value, especially when compared to the prices found in the more central Ortigia area.
Furthermore, the property is presented as a turnkey solution. It comes fully furnished, meaning there are no immediate costs associated with renovations or purchasing furniture. This allows for immediate occupancy or rental, maximizing the return on investment from the outset. The flexibility of the property is also a significant advantage. While configured as two units for rental purposes, it could also be used as a single, larger dwelling for a family. However, maintaining the dual layout offers the most potential for generating multiple streams of income.
With an asking price of €95,000, this property represents an accessible entry point for investors looking to acquire a property in Siracusa with a clear income-generating strategy. It’s designed to be practical and profitable, offering a straightforward path to rental returns.
