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Businesses For Sale   >>   Italy Businesses For Sale

Building In The Heart Of Florence

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  
Ref BD0010 FI The building for sale is located in the heart of Florence, 3 minutes walking from Piazza del Duomo and Piazza della Signoria. Via Tornabuoni is the most prestigious street in Florence, with top retailers and luxury flats. The building is considered to be of a very high architectural standard. Gross Area is 4,417 sqm. The building is currently 71% occupied (with 10% to be vacated in March following buy out activity) by several tenants, with retail and office use destination. Strategy is to complete the buy out activity and then fully refurbish the building in order to convert it to a top-quality residential and retail use. The repositioning and re-design of the retail portion is key to the profitability of the refurbishment.


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