Building for Sale

In the center of Palermo, on the border between the Angelo VII area known for shopping and the "Massimo" and "Politeama" theaters, an office building is proposed for sale which is spread over 10 floors above ground, plus a mezzanine and 2 underground floors, located in Piazza Ignazio Florio at number 24.

CONTEXT OF REFERENCE
The location area is strategic as the building is located close to the historic center as well as in one of the major economic-cultural points of interest in the city where the port, the chamber of commerce, the Court and many other primary and secondary services are nearby. Work is currently underway for the construction of the subway (stop 5 minutes walk away) and the construction of the "promenade" is planned which will connect the port with the economic-financial center of Piazza Politeama.

DESCRIPTION
The property it is mostly composed of offices, with the presence of parking spaces in the basement (2nd basement), an archive and a warehouse (1st basement).
The offices on the various floors are connected to each other via an internal staircase and two oil-dynamic elevators, as well as a fire escape located externally on the internal elevation. The parking spaces can be reached via an external driveway entrance. The building has a reinforced concrete structure, external masonry infills, external aluminum windows and doors, flat roof. The ordinary and extraordinary maintenance as well as the works to adapt to fire regulations were well complied with by the property.
Currently partially rented (approximately 70%), the gross annual ROI at full capacity will be approximately 6%.

For further information and details NDA from the interested party is required.--17ed3c429aadf6f3858e6d027ce3af00!