Downtown Building
Location Italy
Asking Price Range > $35.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance No
Year Established 1900
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Building for sale in the heart of Rome, at walking distance from all business, governmental and monumental main buildings of downtown Rome (Piazza di Spagna, Fontana di Trevi, etc.). Gross Area is 6,635 sqm. The building is currently occupied by Banco Popolare di Verona e Novara (BPVN) at part of GF and basement (vault). The rest of the building, whose destination is mainly offices, is vacant. Strategy is to fully refurbish the building in order to convert it to a top-quality residential and retail use. The area is significantly growing thanks to the creation of the largest luxury department store (''La Rinascente)'' in the attached building.
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