Engel & Völkers

Investment opportunity: residential property development project in Quarto

Price on request
  • 2,986 m² Total surface

Description

The property offers excellent investment potential due to the possibility of being fractioned into several residential units. This makes it ideal for real estate developers or investors wishing to carry out real estate flipping operations. The area in which it is located is one of the most sought-after in the metropolitan city of Genoa, guaranteeing an excellent return on investment and a quick turnaround. The project envisages the construction of 22 dwellings with sizes ranging from 70 to 120 m² commercial. The entire ground floor will be dedicated to the construction of 26 parking garages. The shortage and strong demand for garages and parking spaces that characterises the entire area makes this intervention essential to guarantee the success of the sale and purchase of individual housing units. Assumed ROI: 50%

Features
BalconyGarageGardenGreen viewOpen view
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Engel & Völkers Genova Centro

Property ID: W-02WOC2

Property details

Object type

Other

Condition

Needs renovation

Number of Floors

3

Garages

26

Total surface

2,986 m²

Energy efficiency information

Construction year

1970

Energy certificate available

No

Location: Quarto dei Mille, Genoa

In the heart of the urban area of Genoa, the Asset in Via Romana della Castagna is located on the border between the Quarto dei Mille district and the Quinto al mare district. The extreme proximity to the Genoa Nervi motorway exit and to Corso Europa (the main thoroughfare connecting the entire eastern area to the city centre) make the property's location strategic for all urban and extra-urban movements. The ancient village of Priaruggia and the Quarto seafront are only 900 metres away. Area served by buses in both directions, Ponente and Levante, and regional trains (Genoa Quarto dei Mille station). Presence of all the services essential to the liveability of the area (super and hypermarkets, pharmacy, schools, grocery shops, bars, cafés and hospital (Gaslini hospital/accident and emergency department at 1.8 km).

Floor plans (3)

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Engel & Völkers Genova Centro

engel & völkers shop image

Provider:

Dritte Real Estate S.r.l.

Website

License partner of E&V Italia S.r.l.

Commission details

The brokerage fee (commission) is paid by the buyer in the amount of 4,00% + VAT of the purchase price of the property. The commission shall mature and become due at the time when the buyer becomes aware that his offer has been accepted by the seller and must be paid before the signing date of the preliminary sale agreement (compromise). Dritte Real Estate s.r.l. (licensee of Engel & Völkers Italia s.r.l.) and its real estate agents have the right to immediately demand the payment of the commission.

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