Building In Prestigious Area
Location Italy
Asking Price Range $10.0M - $20.0M
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 The building for sale is located in one of the most prestigious residential areas of Milan centre, close to Via Torino and 5 minutes walking from Piazza Duomo. The property does not consist of the whole building, but only of parts of it, facing Via del Torchio and the inner courtyard. Gross Area is 2,016 sqm. The building is mainly vacant, with 6 small units still occupied (8 before the start of buy out activity). Strategy is sell small separate units, either empty or occupied, and to concentrate on the refurbishment and conversion to residential of the main body of the asset, currently vacant, and the repositioning of the retail portion.
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