Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021

Palermo, Sicily, Italy

For Sale

€900,000

REF: 695370 €900,000


25

8

Description

Apartment258Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021. The property was previously used as a hotel and has 33 modern rooms on four levels.Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021.

The property was previously used as a hotel and has 33 modern rooms on four levels.Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021. The property was previously used as a hotel and has 33 modern rooms on four levels.

This is a fantastic investment opportunity. The building is divided as follows: on the ground floor is a large room to be used for commercial use or potentially a restaurant. There is a large condominium entrance where there is a bright masonry staircase located in the center of the room, where there is a space for the placement of a panoramic lift.

On the ground floor, a three-room independent dwelling with living room, two bedrooms and internal staircase. On the first floor, one two-room apartment with bathroom with shower and two four-room apartments with large living rooms, three bedrooms and bathroom with shower. On the second floor, two-room apartments with veranda and two large four-room apartments comprising living room, three bedrooms and bathroom with shower.

On the third floor, panoramic terrace with double exposure that overlooks a famous square. The apartments are bright and modern as they take light from the numerous doubly exposed external openings. The renovation, which began in 2021, is still being finalized and the materials used are: marble, porcelain stoneware, and double glazed windows.

All shower cubicles and bathroom accessories are in glass, steel and wood. The systems are designed according to modern energy efficiency techniques. The property is intended for users who could use its original designation within the tourism sector as an accommodation facility, or for business logistics for the start-up of activities, including foreign ones, given the proximity to the airport and the underground station that connects to the capital of Palermo.

The Dolce Vita is your one-stop shop for all your Sicilian property buying requirements. We have a selection of apartments and villas in all areas of Sicily to meet your personal tastes and budget. We are not agents ourselves, but work closely with a number of government accredited local Sicilian estate agents.

We provide our professional services including Find a Property , negotiation and bi-lingual language support at no additional cost to what any buyer would have to pay a local agent when purchasing a property in Italy. In effect, our customer focused, friendly and efficient bi-lingual service is free.737sq meters
Apartment258Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021. The property was previously used as a hotel and has 33 modern rooms on four levels.Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021.

The property was previously used as a hotel and has 33 modern rooms on four levels.Near Palermo international airport and in this very central area, is this building of approximately 737 m2 that was completely renovated in 2021. The property was previously used as a hotel and has 33 modern rooms on four levels.

This is a fantastic investment opportunity. The building is divided as follows: on the ground floor is a large room to be used for commercial use or potentially a restaurant. There is a large condominium entrance where there is a bright masonry staircase located in the center of the room, where there is a space for the placement of a panoramic lift.

On the ground floor, a three-room independent dwelling with living room, two bedrooms and internal staircase. On the first floor, one two-room apartment with bathroom with shower and two four-room apartments with large living rooms, three bedrooms and bathroom with shower. On the second floor, two-room apartments with veranda and two large four-room apartments comprising living room, three bedrooms and bathroom with shower.

On the third floor, panoramic terrace with double exposure that overlooks a famous square. The apartments are bright and modern as they take light from the numerous doubly exposed external openings. The renovation, which began in 2021, is still being finalized and the materials used are: marble, porcelain stoneware, and double glazed windows.

All shower cubicles and bathroom accessories are in glass, steel and wood. The systems are designed according to modern energy efficiency techniques. The property is intended for users who could use its original designation within the tourism sector as an accommodation facility, or for business logistics for the start-up of activities, including foreign ones, given the proximity to the airport and the underground station that connects to the capital of Palermo.

The Dolce Vita is your one-stop shop for all your Sicilian property buying requirements. We have a selection of apartments and villas in all areas of Sicily to meet your personal tastes and budget. We are not agents ourselves, but work closely with a number of government accredited local Sicilian estate agents.

We provide our professional services including Find a Property , negotiation and bi-lingual language support at no additional cost to what any buyer would have to pay a local agent when purchasing a property in Italy. In effect, our customer focused, friendly and efficient bi-lingual service is free.737sq meters
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Currency Exchange

Palermo, Sicily, Italy

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Italy takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €900,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€900,000 £765,621 £788,886 £23,265
Property Price € €900,000
Minimum cost in the last six months £765,621
Maximum cost in the last six months £788,886
Fluctuating exchange rates over the last six months could have increased the cost of this property by £23,265

Palermo, Sicily, Italy

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Italy takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €900,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€900,000 £765,621 £788,886 £23,265
Property Price € €900,000
Minimum cost in the last six months £765,621
Maximum cost in the last six months £788,886
Fluctuating exchange rates over the last six months could have increased the cost of this property by £23,265

The exchange rate on the day you make an offer on your property in Italy will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £23,265 more.

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